Accountancy firms could face hit from mass exodus of audit staff

A RAFT of disillusioned accountants are currently seeking new employment, citing a lack of effort made by senior management to help nurture career development, new research will reveal today.

Accountancy firms could be faced with a mass exodus of employees if management don’t make greater efforts to retain staff, research by recruiters, CareersinAudit.com, found.

The results show that half of the 606 accountants surveyed are looking for a new job. That number, according to the recruiter, is set to rise dramatically over the next six to 12 months to three quarters.

Nearly 60 per cent of the respondents to the survey said they were currently networking at least twice a week and 46 per cent said the main reason was to get a new job.

The problem, according to CareersinAudit.com, lies within upper management as 77 per cent of said their company could be doing more to aide career development.

And 38 per cent are not hopeful that change is around the corner.