The data reveals that while revenue per Full-Time Equivalent (FTE) has increased steadily from 2014 to 2024, the actual growth in revenue per FTE, when adjusted for inflation, has been minimal or negative. For example, in 2024, the inflation-adjusted revenue per FTE stands at $227,120, compared to the actual revenue per FTE of $211,760. This indicates that, in real terms, firms are generating less revenue per employee than they would be if revenue had kept pace with inflation. Such stagnation suggests that accounting firms may face significant challenges in achieving meaningful growth, particularly when it comes to enhancing productivity and justifying price increases.
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