Professional Accounting Blog

    Accounting For Your Prosperity

    Barry Thoman

    Barry Thoman is part of the Assurance Services and Mergers & Acquisition Groups at Meaden & Moore. He has over 20 years of experience in corporate audit and tax matters. In his spare time he enjoys cycling and running, especially after his 4 kids!

    Recent Posts

    Here Today, Gone Tomorrow: Planning for Employee Turnover

    Posted by Barry Thoman on Jul 25, 2019 10:27:00 AM

    Topics: Accounting & Auditing

    Imagine this: It's 9 a.m. on a beautiful Monday morning and the owner of a flourishing company is sitting at their desk enjoying that morning cup of coffee when in walks the Controller. The Controller smiles and says, “I’d like to thank you for 25 great years, but I’ve decided to retire and pursue my passion of ice fishing in Antarctica. You got me for 12 more months!” While this comes as a complete surprise to the owner, this news is already a distant thought. One year is plenty of time to find a new Controller, right?

    Well, this scenario may be a bit far-fetched since 40% of baby boomers say they will work until they die (baby boomers are reaching age 65 from 2011-2029)*. Employee turnover in the workplace, even in management positions, is inevitable and at times unpredictable.

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