The accounting career is dealing with two interrelated staffing challenges nowadays: a scarcity of individuals coming into the career general, which makes it troublesome for workers engagements and simply plain getting work carried out, and a scarcity of individuals taking and passing the CPA examination, which makes it troublesome to create the following era of agency leaders and companions.
Since research have proven that one of many key determinants of whether or not an accounting graduate pursues their CPA license is whether or not they’re inspired and supported by their agency, it is not stunning that most of the 2022 Finest Corporations to Work For provide assets to their younger workers on this space.
As an illustration, Alexandria, Virginia-based Kearney & Co.’s Progress, Excellence, Achievement and Respect, or GEAR, CPA Program “offers monetary support for research supplies and paid time to take the certification exams for workers pursuing their CPA designation,” the agency reported.
In the meantime, New York-based Anchin offers workers with loans to organize for and take the examination — and forgives these loans “to encourage well timed completion of the examination.”
Whereas each Kearney and Anchin are High 100 Corporations, it is not solely massive practices which might be serving to workers: At Devon, Pennsylvania-based GMS Surgent CPAs & Advisors, “staff shall be offered a mortgage of as much as $2,500 to help with cost of assessment course tuition, supplies and CPA examination charges.”
Employees at GMS Surgent CPAs
The price of prep programs and examination charges is usually a formidable impediment, so footing some or all the invoice is usually a main assist, however companies might help would-be CPAs overcome one other main hurdle with out spending a dime, by giving them time to review. High companies routinely report giving learning workers day without work, and organizing their work schedules in a means that matches their examination prep wants.
One ultimate means companies can encourage youthful accountants to pursue the CPA credential is to reward them once they full the method — like Santa Rosa, California-based Dillwood Burkel & Millar, which presents staff a $5,000 bonus once they efficiently cross all 4 elements of the CPA examination.
Ultimately, whether or not it is by monetary assist with examination prep and the price of sitting for the check, or giving candidates days off or rearranging their schedules so that they have time to review, or simply incentivizing them with a reward for passing, companies that need to turn into workplaces of decisions will discover that it is of their curiosity to help their native CPA.
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