With the post-pandemic reality becoming clearer as time goes on, those in the accounting industry have made many necessary changes—just to survive.

A significant contributing factor to this reality is the Great Resignation. Countless people have quit their jobs to remap their priorities, rebalance their work-life equation, change professions, or pursue a long-forgotten dream. More than 4.4 million Americans left their jobs in September 2021 alone.

So what effect can the Great Resignation have on your firm? Is it something inevitably damaging or an opportunity to adapt to a new reality (and leap ahead of your competition)?

To wrap up 2021, we hosted a panel of global accounting experts, where they discussed the Great Resignation, what it means for the accounting industry, and what you can be doing to come out on top.

It’s not only about money

Monetary compensation has always been a classic way to motivate employees, but it’s no longer a key factor. Although money is a necessity to survive, you need to consider something beyond that to safeguard your employees’ happiness. Modern employees demand intrinsic motivators.

Zac McClure, Co-Founder & CEO of leading cryptocurrency tax accounting firm TokenTax sees intrinsic motivators as a key aspect of employee satisfaction. Zac firmly believes in a personal approach when it comes to employee motivation.

What are intrinsic motivators?

Intrinsic motivators can help you keep your employees motivated, money aside. These motivators can take a different and less tangible form of reward, such as:

• Providing employees with autonomy

• Offering professional development opportunities

• Creating a