PracticePeople In PracticeFirms adapt to stem travel exodus

Firms adapt to stem travel exodus

Accountancy graduates' desire to travel is so great firms have begun offering sabbaticals to avoid losing skilled staff once they qualify.

Link: Job security means staff look to move on

Firms are creating employment models that allow graduates a few months off a year to travel in a bid to reign in their losses and retain qualified staff.

Large accountancy firms take on thousands of graduates every year investing hundreds of thousands of pounds to turn them into qualified accountants. But despite the high starting salaries, free training and myriad perks offered more and more graduates appear to leave once they?ve done their training.

Riaz Shah, head of UK audit operations at Ernst & Young, claimed the industry was losing 40% of graduates every year with 16% of those leaving to go travelling, reported The Telegraph.

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