Episode 47. In today’s news episode, The Accounting Influencers Podcast explores accountancy as a preferred profession or career choice plus better talent retention for accounting firms.
Key takeaways include:
▶ What leads accounting firm leaders and firm partners to view their staff as ‘worker ants’
▶ Why financial and emotional investment in employees is so low in accounting practices
▶ What looking after your staff makes them want to do in an accounting practice
▶ What makes many younger accountants doubt their future and place in the accounting profession
▶ Are there really more accounting professionals leaving the profession than there are coming into it?
▶ Why the talent shortage in accounting and finance is only acute in some parts of the world
▶ How technology and outsourcing play their part in harnessing the human capital in an accounting firm
▶ How to keep accounting talent in the profession if they are looking elsewhere or not being looked after where they are
▶ Where the blame right lie for accountants leaking out of or not wanting to come into the accountancy profession
▶ How loss of good accounting talent is worsened by the inability of many accountancy practices to recruit new talent
▶ How numbers-oriented individuals and accounting graduates have so many career options now outside of accountancy practices
▶ The difference between an accounting practice and an accounting business
▶ How the Big 4 firms cast a net over the highest quality accounting talent, then spit the rest out for other firms to fight over
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