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news & trends
Won ’ t You Stay ?
A survey of accounting professionals who left their employer or the profession over the past five years were asked , “ My desire to stay at my previous firm or in the accounting field would have increased if …,”:
There were higher salaries ( 40 %) There were more flexible work options around hours and location ( 36 %) Entry and mid-level employees were clearly more valued by senior management ( 34 %) Leadership balanced workload among staff more evenly ( 32 %) There were better time-off packages ( 32 %) Better benefits were offered ( 30 %) There was more personalized support and focus on my professional development ( 30 %)
“ You ’ ve seen the whole industry explode over the last couple of decades , both in terms of the variety of offerings and the sophistication of client needs . Clients have more sophisticated needs , more complex needs or just different needs than perhaps was true a few decades ago .”
– Francesca Lagerberg , Baker Tilly International CEO
– PICPA the numbers
340K
The decrease in the number of CPAs from five years ago .
– Bloomberg
75 %
Employees using AI in some capacity in the workplace .
– Microsoft
3 in 4
The number of parents who believe that schools ask them to buy too much during backto-school season .
– Wallet Hub
$ 50K
The median retirement savings for Gen Xers .
– Prudential
68 %
The number of Americans who think they are on track for retirement , but worry it won ’ t last .
– BlackRock
26K
The number of virtual currencies in existence .
– TIGTA
4 CALIFORNIA CPA SEPTEMBER 2024 www . calcpa . org