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1 in 5 chartered accountants ready to quit!

10 January 2019

1 in 5 chartered accountants (19%) think about quitting their job every 2-3 weeks, claims new research from CABA.

The charity, which supports the wellbeing of chartered accountants, surveyed 251 ICAEW members asking them about how they felt with their current workplace.

The survey discovered that 8% of ACA’s consider quitting every day, with another 14% considering it 1 to 4 times per week. Those most likely to consider quitting were aged between 35-44, with over a third (34%) of that age group looking to quit.

Accountancy was the highest of all sectors featured in the survey, with manufacturing next at 21%. The overall average was 15%, clearly showing how accountants are far unhappier at work than most.

There were a few explanations as to why accountants are not as happy at work as others. Over half (54%) of those surveyed claimed to work late in the office on a weekly basis, with 22% doing it every day. On top of this, 47% admitted to taking their work home with them, with a quarter of accountants doing this daily. Over a third (35%) claimed to have worked on days off, including annual leave and bank holidays, which is 16% higher than the national average.

The survey also discovered that 21% of chartered accountants ended up missing at least one personal activity a week, with the 18-34 year old accountants most at risk of this. They were also the most likely to cry, with 26% admitting to crying in the workplace.

Kelly Feehan, the Services Director at CABA said: “Chartered accountancy is a competitive sector, with firms striving to attract and keep the best talent. The fact that so many employees are feeling discontent in their roles should send a shockwave through the profession… The fact that people are crying, checking emails when sick and regularly thinking about quitting shows something has got to change.”

Feehan concluded: “In today’s always-on world there’s no separation between work and home – we can work wherever, whenever, which blurs the boundaries between our personal and professional lives. Whilst this is handy in replying to urgent emails on the commute, it also puts pressure on employees to stay connected to work, even in their downtime, as few of us can ignore multiple notifications buzzing away. Whilst we don’t work as many hours as previous generations have, we don’t have the disconnect they did - making us mentally fatigued, which is no doubt linked to reduced productivity levels. If employers want a happy, healthy workforce they need to take notice of these findings and put measures in place to help staff regain control of their equilibrium, as this will lead to a more engaged, productive team.”

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