Data on Staff Shortages, Retention, Etc.

Source: CPA Firm Statistical Analysis Reference Handbook 2008

• The worst staff shortages are in the three-to-five-year category.
• Hiring entry-level staff is getting easier because more students are majoring in accounting.
• Over half the firms under $1 million in fees report no staff shortage.
• Over three-quarters of firms with one to five people report no staff shortage.
• In retention, the most significant tactic is flex time.
• A big factor in retention is assigning more responsibility earlier.
• Forty-five percent of firms have a firm administrator, more than twice the number that have marketing directors. Many firm administrators are responsible for the HR function.
• Two-thirds of firms invite their administrators to be part of their executive committees.

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From CPA Firm Statistical Analysis Reference Handbook 2008, Institute of Management & Administration, Inc., 3 Park Avenue, New York, NY 10016-5902, www.ioma.com/CPA.

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