50% of respondents were unsuccessful in gaining promotion, many saying that their 'firm does not actively promote staff', with others
stating 'it takes a long time to get to next level and I need to bide my time'.
When asked what support their company could provide, many accountants are calling for clear career development plans to be put in place, better training, mentoring and funding for professional qualifications.
According to Simon Wright, Director of CareersinAudit.com:
"Accountancy bosses cannot afford to be complacent about staff-retention. Our research indicates that many in the profession are not prepared to make
do with the status-quo and, if need be, will travel far and wide to get their next foot on the career-ladder.
"Year on, we see that those at the top are failing to give enough career guidance and training to their employees. Today's accountants have ambition.
Indeed six in ten accountants have a five year career plan and nearly half of newly-qualifieds are expecting a promotion imminently. If senior management do not invest time
helping to chart out staff careers they should expect an increasing number to leave the firm."
Other significant findings in the survey included:
35% see themselves leaving the profession within the next 3-5 years, rising to 54% in the next 6-10 years
7% plan to leave accountancy within a year - 32% are planning a new career and 26% more plan to set up their own business
Four in ten of accountants who have recently qualified expect promotion within the year, with another four in ten expecting promotion in 1-2 years