Labour turnover in local accounting firms : an analysis

Abstract

This study is aimed at analysing the labour turnover situation in local accounting firms, with respect to the causes of turnover, the retention methods, the associated costs and the level and composition of turnover.

The analysis proved that that there is a significant difference in the mean ranks relating to causes and retention methods, when analysing the data gathered trom firms and accounting professionals that have been employed with an accounting firm. This implies that some causes have a greater effect than others on turnover and that some retention methods are more effective than others. Accounting professionals were categorised into sub-groups and it was found that some groups hold a different opinion.

Further studies relating to turnover have been recommended, so as to obtain more detailed information with respect to big accounting firms and to enable a comparison with small firms.