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Lower attrition rates

Word on the street is the attrition rates are actually going down, since the Big 4 are doing a better job at improving work-life balances. This is causing less individuals to look outside the Big 4 and thus fewer promotions that used to be taken for granted. Is this true?

Comments

Anonymous said…
Thanks for posting again.
In my country auditors still stay late at the office and are the last to leave. Maybe there is an ongoing action from Big 4 firms to reduce/avoid attrition, but in my humble opinion, it is not so clear.
Keep up the good work with the blog!!
I follow your blog regularly. You have shared very nice and amazing information.
lazypanda said…
Hi, thanks for all the posts. I have been visiting your blog regularly.
I am currently at one of the Big 4s, and yes, since there are more people staying with the firm, some people don't get promoted to a senior or a manager, so it is partially true. However, people who didn't get promoted will for the most part leave the firm since either their ego got hurt or there are more jobs out there that will pay you more with better work-life balance. So overall, I think the attrition rate has not changed too much compared to several years ago.
chandan kumar said…
Hey , thanks to all the post.I follow your blog regularly. You have shared very nice and amazing information. Very Nice Article

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Politigo said…
Being a postmortem job , an auditors' roles start after the end of accounting and an auditor is bestowed upon to see behind the dirt. They are left with a small fees and less time to accomplish the tasks. Never the role is easier and life always revolves around client. Life is directly proportional to the wealth of the client...

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