Sep 22, 2023, 12:57 PM
(From the Wall Street Journal) Despite record-high demand for accountants, a greater percentage of accountants are leaving the profession later in their careers now than in years past. About 82% of workers who exited accounting this year through Sept. 1 had at least six years’ experience, up from 77% and 71% in full years 2022 and 2021 respectively, according to a recent study by LiveData. Accountants cite low salaries, mundane tasks, burnout and the threat of new technology like generative AI as reasons for considering other industries.
years is the target ceiling for a school plant's financial "age."