Adrian Johnson
TLDR:
Key Points:
- EY US plans to invest $1 billion over three years in talent and technology to improve the experience of early-career accounting professionals.
- The investment will focus on boosting compensation, increasing AI-enabled audit and tax platforms, starting a “360 Careers” experience, extending outreach and support for college students, and improving wellness benefits.
EY US to Invest $1 Billion in Compensation and Technology to Entice Young Professionals
EY US has announced plans to invest $1 billion in talent and technology to enhance the experience of young accounting professionals and attract more individuals to the accounting profession. The investment will focus on various aspects such as boosting compensation, increasing AI-enabled audit and tax platforms, starting a new career experience program, extending outreach to college students, and enhancing wellness benefits. The firm aims to position itself as the most preferred place to launch an audit or tax career and nurture future business leaders.
The investment will specifically include increasing starting salaries for early-career professionals to market-leading levels to recognize the value of a CPA career path and ensure a strong pipeline of CPAs for the future. Additionally, the firm will implement AI-powered technology to improve audit quality, productivity, risk assessment, and provide better business insights. EY also plans to support professionals pursuing a degree in accounting through programs like Pathways to CPA licensure and the EY 360 Careers experience.
This significant investment by EY US demonstrates the firm’s commitment to the accounting profession and its dedication to providing a supportive and growth-oriented environment for young professionals.
