Going digital – staying close to clients
BDO looks back on a successful fiscal year 2018. In a tough economic environment, BDO increased revenue by 3.3 percent to CHF 211.5 million. Growth was almost entirely organic, with contributions from all regions and service lines. BDO has achieved another year of diversified, stable growth - a development that underlines our firm’s excellent market position. We also won important new clients in various areas, which lays the foundation for a successful future.
As our challenging environment grows more complex, BDO is committed to seeking excellent people at all levels - from trainees to certified experts. We do a lot to remain an attractive employer, investing in ongoing education and training for our people, offering an annualised hours model and developing our diversity management. We are also embedding corporate social responsibility in our corporate culture. BDO has around 1,300 people working in various functions. At 13 percent, our employee turnover is low, and we have been serving our clients for over 20 years each on average. These positive messages are welcomed by our clients and our (future) employees.
Digitalisation continues to play a powerful role, changing the way we work and forcing us to invest in new solutions. I am confident, though, that proximity to our clients and personal contact will become all the more important in an increasingly digitalised environment. There will also be new business opportunities, of course, especially in advisory services for digital topics.
The Swiss electorate will cast their votes on 19 May on the Federal Act on Tax Reform and AHV Financing (TRAF). The proposal is critical for Switzerland as a business location. A “yes” will protect many jobs and restore certainty for companies on the future of taxes and related tax expenses. The question of how to finance pensions will remain, regardless of whether the proposal is accepted or rejected. It's vital that we realign our concept of retirement provision to reflect societal developments like demographic change and growing life expectancy.
CEO BDO Switzerland