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Staff shortages ‘force small firms to merge or quit’

Staff shortages in the accounting industry are forcing mergers among smaller firms and some are even quitting the industry, says the public practice specialist at CPA Australia.

Staff shortages ‘force small firms to merge or quit’
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Kristen Beadle, who is also manager of SMEs and insolvency, said the higher salaries and sign-on bonuses offered by big firms were luring employees away from smaller outfits and there was unlikely to be a quick fix.

But speaking on the latest Accountants Daily podcast, Ms Beadle said CPA Australia was talking to Canberra about possible solutions including identifying people already in Australia with the requisite skills, or enticing back those who left during the pandemic.

Read more at Accountants Daily

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