And so it has begun...the attrition rate is slowly climbing. People ranking from senior managers down to staff associates are leaving, albeit in trickles.There are still a huge employee base remaining, and we're not gaining any new clients, so the firms still have some room before they get pressured into doing something drastic, like hiring "experienced hires". Short term, they're feeling the squeeze, since it is busy season and there's not much wiggle room when employees leave during this time period. (On a side note, HR turns into an angry divorcee that'll refuse to speak to you during the divorce process if you leave during busy season). But come the spring/summer, when the number of people "on the bench" (not assigned to clients) increases, that gives the firms more leeway to expend some expendables. Unless the attrition rate jumps back to normalcy, this will happen. So for the sake of job security, here's hoping that happens.
Blogged about my life in the Big 4 and now about life in Private Accounting