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John Fenton, CPA, MBA is the CEO of John J. Fenton Executive Coaching, which he launched following a successful 30+ year career as a managing partner and CPA. He is a Certified Success Principles™ Trainer, an award-winning speaker, best-selling author and leading authority in leadership. |
Cue purpose, vision and culture as you pursue excellence.
By John Fenton
The Holistic Guide to Wealth Management
Some call it a battle, some call it a war. Whatever you call it, there’s no arguing that competition for talent in our industry is fierce. Accounting firms, like most other businesses, are struggling to find qualified workers to meet the growing needs of their clients and customers. At the same time, opportunities to grow revenue are abundant.
MORE Rory Henry and The Holistic Guide to Wealth Management
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According to McKinsey data, voluntary “quit rates” are 25 percent higher than they were before the pandemic. At some firms, attrition rates have been as high as 20 percent to 25 percent. Meanwhile, a recent Gallup survey found that only one-third of employees (32%) felt “engaged” in their jobs. Meanwhile, mid-level professionals who would normally be on track for long careers at their employer are leaving in droves to pursue something else.
The aforementioned McKinsey report identified the motivating factors that keep people in their jobs and the demotivating factors that drive them away.
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