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The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company
Considering the increasing shortage of newly qualified chartered accountants in South Africa, this study focused on investigating factors that influence newly qualified chartered accountants to either leave or stay with their employing organisation. This study was conducted at a financial services o...
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| Format: | Thesis |
| Language: | English |
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Department of Construction Economics and Management
2020
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| _version_ | 1867614051594403840 |
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| access_status_str | Open Access |
| author | Mgoduka, Babalwa |
| author2 | Bagraim, Jeffrey |
| author_browse | Bagraim, Jeffrey Mgoduka, Babalwa |
| author_facet | Bagraim, Jeffrey Mgoduka, Babalwa |
| author_sort | Mgoduka, Babalwa |
| collection | Thesis |
| description | Considering the increasing shortage of newly qualified chartered accountants in South Africa, this study focused on investigating factors that influence newly qualified chartered accountants to either leave or stay with their employing organisation. This study was conducted at a financial services organisation situated in Cape Town, which like all other financial institutions, would like to decrease the exit of newly qualified accounting professionals and ensure that skilled employees remain within the organisation.
• Participants in this study completed an open ended written questionnaire (N =19) and were then interviewed (N = 19) about the factors that determine whether or not they would leave the organisation. The following five reasons were identfied as the most important: bureaucracy (lack of autonomy); career possibilities; good line management; organisational culture; work-life balance.
Retention strategy policies that were meant to assist with employee attrition were not effective in achieving the retention of the newly qualified chartered accountants. The main reason for the lack of graduate retention was that the policies were not properly communicated to the employees. The findings of this study indicate the necessity for the financial services organisation to do a rigorous reassessment of their retention policies and to put processes in place to decrease the exits of talented and knowledgeable employees. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/31095 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:45:53.965Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | Department of Construction Economics and Management |
| publisherStr | Department of Construction Economics and Management |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/31095 The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company Mgoduka, Babalwa Bagraim, Jeffrey People Management Considering the increasing shortage of newly qualified chartered accountants in South Africa, this study focused on investigating factors that influence newly qualified chartered accountants to either leave or stay with their employing organisation. This study was conducted at a financial services organisation situated in Cape Town, which like all other financial institutions, would like to decrease the exit of newly qualified accounting professionals and ensure that skilled employees remain within the organisation. • Participants in this study completed an open ended written questionnaire (N =19) and were then interviewed (N = 19) about the factors that determine whether or not they would leave the organisation. The following five reasons were identfied as the most important: bureaucracy (lack of autonomy); career possibilities; good line management; organisational culture; work-life balance. Retention strategy policies that were meant to assist with employee attrition were not effective in achieving the retention of the newly qualified chartered accountants. The main reason for the lack of graduate retention was that the policies were not properly communicated to the employees. The findings of this study indicate the necessity for the financial services organisation to do a rigorous reassessment of their retention policies and to put processes in place to decrease the exits of talented and knowledgeable employees. 2020-02-13T10:29:19Z 2020-02-13T10:29:19Z 2019 2020-02-12T10:35:31Z Master Thesis Masters MPhil http://hdl.handle.net/11427/31095 eng application/pdf Department of Construction Economics and Management Faculty of Engineering and the Built Environment |
| spellingShingle | People Management Mgoduka, Babalwa The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| thesis_degree_str | Master's |
| title | The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| title_full | The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| title_fullStr | The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| title_full_unstemmed | The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| title_short | The Retention Of Newly Qualified Chartered Accountants In A Large Financial Services Company |
| title_sort | retention of newly qualified chartered accountants in a large financial services company |
| topic | People Management |
| url | http://hdl.handle.net/11427/31095 |
| work_keys_str_mv | AT mgodukababalwa theretentionofnewlyqualifiedcharteredaccountantsinalargefinancialservicescompany AT mgodukababalwa retentionofnewlyqualifiedcharteredaccountantsinalargefinancialservicescompany |