Charles Leyte

Why are Accountants loath to change jobs? The accounting profession is currently experiencing a notable trend: professionals are increasingly hesitant to change jobs, leading to lower-than-expected attrition rates. This reluctance has prompted firms like KPMG to adjust their staffing levels. Recently, KPMG announced layoffs affecting approximately 330 employees, or nearly 4% of its U.S. audit workforce, to align with market demands and address continued low levels of attrition. The other Big 4 firms have had the same experience, as are smaller firms in my experience. Despite these adjustments, the demand for auditors, controllers, and CFOs remains robust nationwide. However, the current economic climate and job market uncertainties may be influencing professionals to stay in their current positions, contributing to the observed low attrition rates. What factors do you think are contributing to this trend? Share your insights in the comments below. https://lnkd.in/gthijySK #CFOs #HerreriasAssociates #ExecutiveSearch #CPAs

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Is the Role of Accountants About to Change Drastically? The accounting profession is evolving rapidly, moving beyond traditional number-crunching to embrace strategic advisory roles. With advancements in technology and shifting client expectations, accountants are now expected to adopt new skills and perspectives. How are firms preparing their teams for this transformation? What steps are being taken to equip accountants for the future? https://bit.ly/3STxUrs #Accounting #CareerTransformation #FutureOfAccounting #Finance #FinanceRecruitment #ACCA #AAT #CIOT #Accountant #Audit #Tax #Recruitment #businessadvisory #smallbusiness #AccountingPros #FinancialServices #BookkeepingExperts #BusinessAccounting #NumbersNinjas #AuditTrail #TaxAdvisory #AccountingSolutions #FinanceExperts #NumbersGame #THTribe

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via cpatrendlines.com: Explaining the Talent Shortage in One Big Chart | Cornerstone: Understanding the Inflection Points in Number of CPA Exam Candidates CPA Trendlines Cornerstone Report Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TFy9Sd #Talent #Management #Staffing

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Organizations must rethink talent strategies amid economic changes. Forvis Mazars US helps you evaluate what works best for your team. Dive into our professional advice now: https://lnkd.in/dRvrXFgv

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via cpatrendlines.com: Explaining the Talent Shortage in One Big Chart | Cornerstone: Understanding the Inflection Points in Number of CPA Exam Candidates CPA Trendlines Cornerstone Report Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TFyB36 #Talent #Management #Staffing

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#ICYMI 📰The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) are looking to add more paths and flexibility to CPA licensure. ➡️The plan that’s now out for public comment explains that candidates would still need a bachelor’s degree, but could bypass a fifth year of college coursework by taking a “competency-based experience pathway.” From CFO Dive: “The process will take some time. Once the the [sic] public comments are reviewed[,] final language must be approved by the AICPA and NASBA boards and changes will also be proposed to the Uniform Accountancy Act, which is a template for licensure requirements for states, according to the AICPA statement. States will then ultimately need to decide whether to update their licensing requirements.” Read the full article here: https://lnkd.in/eNYSFj2j #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Audit #Auditing #AICPA #NASBA #Licensure #Plan #Career #Careers #Professionals #Growth #ProfessionalGrowth

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Let's face it, we accountants and auditors aren't tech experts. Yet, the future of our industry hinges on embracing technology. What's your strategy for making your practice tech-efficient? Our latest guide dives into the tech challenges facing the audit industry and offers potential solutions. Download now: https://lnkd.in/d_QHnd2e #technology #tech #auditindustry #technologyinauditing #softwareintegration #accountingtech #auditfirms #automation #AI #outsourcing #auditoutsourcing #auditsupportservices #QXAS #qxglobalgroup #techpartner #futureofauditing

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New insights have been released on talent retention in the accounting field! 📈💯 A new report on talent retention from the Pennsylvania Institute of Certified Public Accountants (PICPA) aimed at informing accounting firms is live, but many of its insights are relevant to other companies employing CPAs. 📌 Key Takeaways from the Survey to Retain Talent: ☑️ No quick fixes, but a holistic approach is key. ☑️ Most accountants want to stay in their profession. ☑️ Workload management is crucial for retention. 📌 Bonus Takeaway from Blue Onion to Retain Talent: ☑️ Keep up with the latest technology that allows teams to eliminate manual work and do more with less! 🛎️ If this rings a bell, check out more below 👇 https://hubs.ly/Q02wrkl90 🔍To learn more about how CFOs can better retain their accountants on staff, check out the full article here 👉 https://hubs.ly/Q02wrsS90 #CPA #AccountingInsights #FinanceTips

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𝐓𝐨𝐩 𝟓 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐖𝐡𝐞𝐧 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐚𝐧 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐞𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 (Guide for CPA firms) In today's fast-paced business environment, the decision to outsource your accounting needs can significantly impact your organization's efficiency and financial health. Here are 5 critical factors to keep in mind when choosing an outsourced accounting service provider: - Reliable Accounting Track Record - Skilled Pool Of Prospective Team Members - Less culture gap - Affordable Team - Strong Communication Skill Choosing the right outsourced accounting service provider, like #Bestarion, is crucial for your business's success. Take the time to thoroughly assess these key factors to make the best decision. --------------- 𝐁𝐞𝐬𝐭𝐚𝐫𝐢𝐨𝐧 | Better for Less 📍Website: https://bestarion.com/ ✉ Email: [email protected] #Bestarion #OutsourcedAccounting #BusinessSuccess #FinancialHealth #AccountingServices #ProfessionalGuidance

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