“the optimal approach for transition is to have in place a real-time written, approved succession plan that includes a process for periodically reviewing and updating it.”
by ira rosenbloom
cpa firms are constantly changing. technology advances. legislation gets rewritten. client services are added or removed. and, of course, team members join and leave.
more: how covid-19 has changed succession planning | top 10 steps to maximizing profitability
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with all of the change, the dependence on quality talent to lead and sustain the firm remains. hiring and retaining quality staff members usually ranks as one of the top 10 critical factors firm leaders face when they are asked about challenges.