firms at strategy session find their ‘rock stars’

top talent strategy session
cpa firm decision-makers hammer out the best clues to identify partner-potential professionals and how best to recruit, develop and retain them at a strategy session in milwaukee.

hint: it’s not about how smart they are or hard they work.

by rick telberg

how do you spot the hidden rock stars on your staff?

and what do up-and-coming tax, accounting and finance professionals need to know to get ahead in today’s profession?

rick telberg leading the strategy session
rick telberg leading the strategy session

these aren’t idle questions. many firms and individuals are struggling with these issues right now. but don’t take it from me. just listen to the decision-makers from a dozen firms i met with in a milwaukee hotel recently. the mission: learn how to deal with a looming new staff shortage. some took away solid action plans. “our firm,” said one, “is trying to develop our rock stars and this showed me we need to be doing more.” another said, “excellent! it gave us the details and the ‘how-to.’”

green team's top talent indicators notes
green team's top talent indicators notes

interestingly, the milwaukee group’s conclusions and recommendations closely parallel our related research findings. so we can be fairly certain that we’ve obtained some of the profession’s favorite strategies.

you could probably adapt one of our methods for your firm. in milwaukee, we divided the group into two teams, the green team and the blue team. after some preliminary coaching, each team hammered out a list of the top five talent indicators – the clues in an employee’s behaviors and attitudes that demonstrate the highest likelihood of the best roi for a firm’s time, energy, and money in training, coaching and mentoring. then the group filled several flip chart pages with their lists and hashed them out with each other. after identifying the key indicators, we moved on to identifying the best strategies for recruiting, grooming and retaining top talent.

blue team's top talent indicators notes
blue team's top talent indicators notes

by far, the top predictive indicator across all firms is the trait, “they are always trying to improve.” it comes in a few flavors or variations. for instance, the green team at the milwaukee strategy meeting favored a passion for “continuous learning.” the blue team preferred, “they do ‘extra credit’ – things that the partners wouldn’t normally expect from someone at their level.” but they add up to the same thing.

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accounting hiring outpaces economy, hits new record

the tax, accounting and bookkeeping services industry is cracking a new record high in persons employed full-time.

the nation’s economy as a whole added 115,000 new jobs in april pushing the unemployment down by one-tenth of one percentage point to 8.1%.

but employers in the tax, accounting, payroll, and bookkeeping industries added 2,000 new jobs last month, marking the ninth month in a row of growth for public practice, according to 卡塔尔世界杯常规比赛时间 analysis. read more →

cpa firms lead accounting and bookkeeping sector in adding 3,100 jobs in december

cpa firms account for 2 in 3 new jobs.

accounting and bookkeeping services, thru december 2011

the nation’s tax, accounting, payroll and bookkeeping businesses added 3,100 employees in december, bringing the industry’s total headcount to 943,100, according to the latest government data obtained by 卡塔尔世界杯常规比赛时间. read more →

accounting sector adds 2,000 new jobs

even as cpa firms shrink by 1,100.

the nation’s accounting and bookkeeping sector accounted for 2,000 of the 80,000 new jobs created in october, according to new preliminary and seasonally-adjusted data from the u.s. labor department.

for the nation, the jobs gain pushed the unemployment rate down to 9.0% from 9.1%.

for the accounting and bookkeeping sector, october’s performance represents a third straight month of gains and a year-to-year gain of 60,800 jobs, bringing the industry’s payroll to 932,200 employees.

all employees, october 2011
all employees, october 2011

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