For those in the field, the good news is that signing bonuses are becoming very big issues. Firms are dangling real money in front of qualified people to get them to jump ship from a competitor. Says (Alan L.) Kramer, "We're certainly now seeing more signing bonuses than we have in recent years, but firms are also tying retention to that, with a contract that might pen someone in for about six months." Area firms and recruiters are also working hard to bring people who have left accounting back into the fold.
And, she says, the talent crunch is getting bad enough that many recruiters are giving serious looks to candidates from overseas - from places like Australia and South Africa.
So, what is it that's keeping so many people in place? I've been hearing more rumblings lately of a number of CPAs who just don't like the firms they're working for or think they should be getting better compensation packages. Why aren't they jumping? Some say it's because accountants are "sedentary," but that's a stereotype. Could it be firms are being too picky?
New York/New Jersey: Signing Bonuses Rise [JITM]
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