Migratory Patterns of Entry-Level Accountants.
While keeping a trained staff of employees is difficult, so too is funding the high cost of employee turnover. One international public accounting firm estimates that hiring and replacing an existing employee costs 150% of that employee's annual salary. Given such expensive personnel costs, firms need to understand why entry-level accountants are leaving their jobs and where they are going. The accounting profession is changing the work environment for entry-level accountants, trying to increase the level of job satisfaction and organizational commitment in the hopes of improving retention rates. To this end, the authors conducted a survey examining the initial employment and migratory patterns of recent accounting graduates that left their first place of employment for another. The data can be compared to a practice's internal research to evaluate retention success.
|Main Author:||Hiltebeitel, Kenneth M.|
|Other Authors:||Leauby, Bruce A.|