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Early retirement! 😉
This profession definitely seems to be getting more fatiguing for both partners and employees.
Seems easier to identify our challenges. Seems difficult to identify and implement effective solutions to make things more enjoyable.
People at all levels complain every year. It's nothing new. But it does seem to have increased the last 2 or 3 years. I know I'm having less fun than I used to.
Yes I enjoy my high levels of compensation, but I also think we are too focused on the need to drive substantial increases in partner earnings each year. We seem to expect more and more out of both partners and employees each year. I am willing to invest more back into our people. I'm not suggesting that raises by themselves are the solution. I do believe many firms are sometimes pennywise and pound foolish with policies and these polices disenfranchise our people and partners. And with expectations rising each year, the perceived benefits are not sufficient motivation to drive people. People are overwhelmed by expirations. I know, I know.....I did it when I was staff and a new partner, why can't today's people pull their weight.
I grew up in a culture where I truly believed partners were trying to create a better and stronger firm so that employees would have a foundation to grow and have great careers (including partnership). I think fewer partners behave this way these days and its reflected in culture and thus the desire of our people to want to stay and build careers with us.
Just my 2 cents.....
This is well said and sums up a lot of firms these days. Layer into it the pandemic and virtually no in person bonding. Many staff all the pay through partner enjoy those events. Office/group golf outings, sporting events, new CPA dinners, etc... the pandemic and caused a lot of employees to second guess career choices in public accounting.
Definitely time to change the model or else nobody is willing to keep doing this in their right minds