Less than 1% of firms can find enough staff
Accounting Today
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CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college, and more of today’s top stories.
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The survey found that 27% of the CPA firm leaders polled report that former staff moved outside the industry for higher pay.
In other news today:
The Supreme Court will hear Moore v. U.S., a case involving taxation of unrealized income that experts suggest could have major ramifications.
Economic confidence among accountants in North America grew in the second quarter, but declined in other parts of the world.
Earnings growth for small business employees fell below 4% for the first time in more than two years, according to Paychex.
CLA acquires Frost; UHY combines with Bigelow; Withum adds TMDG and PBMares practices; RKL eSolutions buys CPA Technology; and Anglin Reichmann Armstrong merges in Adamson.
Little steps with tech; getting rid of clients; cuts and holidays; and other highlights from our favorite tax bloggers.
Marketing Communications and Business Development at Image Navigation Ltd, Surgical Navigation for dental implantology and other precise surgeries.
1yYair Bauman
Sr. Internal Auditor at Honeywell
1yThe answer lies in a much simpler decision than the reasoning boards across the profession are tiptoeing around: if I’m a college student that’s considering majoring in accounting, I’m likely also considering comp sci. It doesn’t take tremendous legwork to realize starting salaries in software engineering or data science far surpass accounting, and stay that way for quite a while with (get this) better working conditions than the Big 4 meatgrinder. Students make this decision early in their careers. This is the root of the pipeline problem, everything else is an offshoot. With all the barriers the profession throws at accounting students there’s an increase in earnings expectations. The earnings are not concomitant with the barriers we throw at students.
MAcc
1yThey list jobs for extry level but expect 5+ years of experience. That is not entry-level. And there are a lot of Senior positions, but if they don't hire new grads, how are they going to gain the experience? Whatever the reasons behind the hiring trends, both the candidates and the company are losing out on a potentially great addition to the firm.
Senior Corporate Accountant at Altice USA
1yAccountants are tired of being treated like robots