The big four firm has disputed data it supplied to a government agency that shows more than one in three staff, or 2700 workers, resigned from EY in the year to March 2022.
The exits increase training and recruitment costs, and may also affect service qualityMore than one in three staff members, or 2700 workers, resigned from consulting giant EY in the year to March 2022, a rate of departures that far outstripped the firm’s big four rivals and the overall business average where one in four employees exited during the same period.
The firm’s rivals did not challenge the WGEA data. Instead, they said the data referred to a period during which employee exits reached a peak because of a general shortage of professionals across the economy. The agency defines resignation as when an employee voluntarily leaves a company and the figure excludes the exits of full-equity partners, retirements and any kind of redundancy activity.
“Our actual employee headcount and turnover rates, measured by average annual headcount, show we’re continuing to grow, we’re aligned with our industry in terms of turnover, and staff numbers have increased steadily over the last three years.”
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