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Bonnie Buol Ruszczyk: The Quiet Crisis in Accounting - Losing the People We Need Most | Know-How Korner

Jun 5, 2025
In this episode, Bonnie Buol Ruszczyk, managing director of the Accounting MOVE Project, shares insight into the alarming trend of high-performing professionals quietly leaving the accounting field. She highlights the need for equitable advancement, noting women make up 50% of the profession but only 25-28% reach leadership roles. Ruszczyk discusses crucial elements like Money, Opportunity, Vital Supports, and Entrepreneurship driving retention, while also addressing the evolving landscape of Diversity, Equity, and Inclusion initiatives. Her data-driven solutions offer hope for a more inclusive future in accounting.
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INSIGHT

Women's Leadership Drop-Off

  • Women constitute about 50% of accounting professionals but only 25-28% hold leadership roles.
  • The biggest drop-off in women's advancement occurs around the director level in firms.
INSIGHT

Barriers to Women Advancing

  • Women often delay pursuing leadership roles due to responsibilities like child care and caregiving.
  • Structural firm issues and confidence gaps also contribute to women's slower advancement.
ADVICE

Culture Drives Firm Resilience

  • Firms should focus on creating cultures where employees want to stay and recommend the firm.
  • This cultural commitment can be the difference between a firm's survival and growth.
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