Author : Judy Marie Mason
Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (133 download)
Book Synopsis Views of Generation X and Y in Public Accounting Firms by : Judy Marie Mason
Download or read book Views of Generation X and Y in Public Accounting Firms written by Judy Marie Mason and published by . This book was released on 2009 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is essential for professional accounting firms to understand and adapt to changes over time and shifts in employment contract thinking. Sociological and demographical changes are having the most obvious and critical impacts on the accounting industry. It is essential for business success and sustainability to develop an astute understanding of human traits, attitudes shifts, social trends and the perceptions of our youngest employees. Research can provide better understanding of the younger generations of employees in the work place. The purpose of the paper is to provide more resources for employers to use in developing the next generation of accounting professionals and leaders. Most accounting firms employ Generation X (born between 1965 and 1980 approx.) and Generation Y (born between 1981 and 2000 approx.). Employers are living in the reality of recruiting and retaining these two distinct cohorts. This requires an understanding of each distinctive generation and their overall values, attitudes and expectations. Currently there are limited reports or studies directed towards public practice in relation to these generations' cohorts. The intention of the research is to understand the current environment of public practice by exploring satisfaction, commitment, and intention to remain factors relevant to recruiting, retaining and developing generation X and Y students and designated accounts (CA's, CPA's), primarily in British Columbia. The relevancy of this research is due to several factors: aging partners and managers, shifting numbers of entrants to the profession and a booming economy in British Columbia that is predicted to remain strong up to 2010. Subsequently a survey was developed to explore factors important to Generation X and Y pertaining to satisfaction, commitment, and intention to remain, and the effects of these factors on recruiting, retaining and developing generation X and Y professionals in public practice. In a survey of 162 Generation X and Y respondents of which 149 completed the questionnaire, respondents participated from Canada, Europe (England, Scotland, Ireland and France), Australia and the United States through two organizations (Ran One and ROCG Americas). The inclusion of respondents from several countries was intended to predicted similar trends in various countries. However, due to the scope of the project and minimal responses they were amalgamated into one group. This study found that most factors important to the universal groups known as Generation X and Y are also important to accountants. There were some interesting variances, such as perceptions on pay ranked less important than the literature generally suggests. The study also concluded that prestige is not important to either cohort and is a consideration for accounting firms when recruiting Generation X and Y or in identifying future leaders. It is hopeful that the study provided young professionals with a voice and employers with a tool box of resources to enhance the employment contract and to promote higher levels of intention to remain by Generation X and Y.
