What do you think would solve the issue of being understaffed and high turn over?

likesmart
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This issue doesn’t need to be solved. This is exactly what the partners want. Yeah, it’s that twisted. Enjoy.

likefunny

It seems so insane when you’re in the middle of it, but to the higher ups, this is a feature, not a bug.

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Crazy thought..... hear me out.....





Improve staffing.

likefunny

0 income tax for active CPAs

likefunny

Get PCAOB to mandate a minimum # of staff assigned on each engagement and rest requirement! 🙋🏻‍♂️ or... auditor should just unionize... or stage mass walkout 🤷🏻‍♂️ or college student should just stop applying to b4 n go to tech

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WORK LIFE BALANCE 😅

likefunny

Nothing, partners get bigger bonus' and we work harder

likesmart

Turnover is not high. Turnover in PA is historically low in recent years

likefunny

PwC9

Go for it! You will be so glad you did. Years ago I left the rat race to work in my passion. Was self employed for 10 years. However, when the recession hit I lost it. Im kinda to old now to start a business over feom scratch so just doing my time until retirement.

I say go for it and don't look back.

I think if the companies wanted to fix it they would have already. But then people wouldn’t quit and we’d get promoted slower and likely make even less as we’d be working less

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The high turnover this year is a function of a strong economy. Firm does it’s best to project needs but being able to project economic cycles and the impact it’ll have on our people getting poached is incredibly tough. If we could predict that, we would be in a much more lucrative business than public acctg. Econ gets strong, demand exceeds supply, outside cos make wildly above market offers to our people and turnover picks up. Econ steadies our and turnover deviates back to the mean. It’s a cycle.

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Accurate time reporting

likefunny

Turnover is normal and expected. But this year has been really bad - a lot worse than usual/expected. I know plenty of associates being “acting senior” that are not ready for the responsibility and there are even some engagements with no staff and managers are literally doing workpapers. They are still going to want turnover, but they should do something to incentivize a few more people to stay. Better raises or a bigger bonus. Usually they try and do something in times like this. I know GT gave out a random bonus because their turnover was high. The real way to solve the problem would be to accurately budget jobs, and staff them well so people aren’t working until 1-2am every night. But the manager and partners generally don’t care about retaining people

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If you think it’s an issue, you get out. It’s the nature of the beast

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It’s not an “issue” in the eyes of upper mgmt / partners - it’s actually preferred not to hire additional personnel, as you are a fixed expense, and therefore, the firm profits by cranking out more deliverables at your expense. Secondly, many people do not contribute and/or underperform, but are retained simply b/c firms are desperate for staff and Sr staff.

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Charging the real hours not minding the budget

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A recession.

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Simple: the firms should hire for the peak loads, accept that people will be sitting around with nothing to do most of the year and accept lower profits.

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Dude, yacht payments don’t just make themselves. It’s a feature not a bug. 😂

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All staff and seniors on my team are going to have turned over 100% by next year and the manager was not a staff or senior on this account. I think they will feel the pinch when the quality is crap

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Another recession

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Everyone updating their talent link would be good

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