pay & compensation

cpa firm performance assessments: 15 core competencies, 21 questions

by

reeb-and-cingoranelli-with-cpatr-si-logo-200checklist: how to fine-tune your own firm’s performance management systems.

by bill reeb and dominic cingoranelli
卡塔尔世界杯常规比赛时间 / succession institute

when evaluating people within a firm, “relative importance” is a way to differentiate expectations regarding the same competency for various levels within your firm. we decided the best way to drill down even further into a competency model was to share some of the details of our competency model with you.

more on performance management:how to target what skills to develop now | what having your employees’ backs means | 5 harmful management attitudes (and how to fix them) | do cpa firms need management or leadership? |  job 1 for the practice owner: client management

it considers the following six levels within a cpa firm (each firm needs to choose whatever breakdown works best for them):

read more →

how to target what skills to develop now

by

reeb-and-cingoranelli-with-cpatr-si-logo-200bonus checklist: 12 competencies everyone in the firm needs.

by bill reeb and dominic cingoranelli
卡塔尔世界杯常规比赛时间 / succession institute

in discussing how to become a more effective people manager and developer, the first question we ask is, “what skills and aptitudes are you trying to develop?”

more on performance management: what having your employees’ backs means | 5 harmful management attitudes (and how to fix them) | do cpa firms need management or leadership? |  job 1 for the practice owner: client management

in other words, just saying to someone, “you need to improve” is weak advice.

read more →

new survey: cpa firm growth rates hit a wall

by

organic growth drops under 5% while mergers surge to 30% of new revenue per firm.

rosenberg map 2005 to 2014 growth rates
growth rates level off for cpa firms to 6.7% (rosenberg map survey, firms over $2 million/year)

by 卡塔尔世界杯常规比赛时间
annual map survey

the new 2015-2016 annual map survey presents news both good and bad—and more of the latter than the former.

  • the good news: cpa firms revenues and profits increased last year.
  • the bad news: the increase in revenues was less than in the previous year, a lot of it was only due to mergers, and growth was lowest for the smallest firms. and the increase in income per equity partner was especially sluggish.

most worrisome was the finding that organic growth— which is to say real growth not generated artificially by mergers—was actually a bit lower than in 2013, dropping from 5.2 percent to 4.7 percent, according to the new rosenberg map survey, available exclusively from 卡塔尔世界杯常规比赛时间.

more on the  2016 outlook & forecast: cpa firm growth rates hit a wall  |  the five treacherous factors hobbling today’s cpa firm  |  sam allred: change agents needed  |  tamera loerzl on growth, succession plans critical for firms  |  allan koltin on talent wars go from white gloves to boxing gloves  |  get the full report: the rosenberg map survey

is this really the end of the golden age for the profession?

read more →

what having your employees’ backs means

by

why failure is a value proposition.

by bill reeb and dominic cingoranelli
卡塔尔世界杯常规比赛时间 / succession institute

i want to start by talking about the phrase “having your employees’ backs.” so what does this mean? simply that, as the boss, you will take the bullets publicly for your people’s mistakes. this is such a rare phenomenon that many of you have never experienced what i am referring to – a boss taking the heat for his or her people.

more growth & succesion: 5 harmful management attitudes (and how to fix them) | do cpa firms need management or leadership? | job 1 for the practice owner: client management

most of the time, when problems are uncovered, company cultures are “at the ready” to quickly identify someone to blame regardless of the situation. in these organizations, those with exceptional cya skills are the most highly valued. no, i did not misspell this acronym as it was not meant to be cia (as in the government intelligence agency or certified internal auditors), but rather those good at covering their butts (i guess i should have referred to it as cyb).

read more →

industry employment surge shows no signs of slowing

by

chart showing number of employees in the accounting industry according to bureau of labor statistics
all employees in the accounting and bookkeeping industry; numbers reported in thousands

record highs seen in overall employment, staff wages, cpa firm employment and staff, and more.

by 卡塔尔世界杯常规比赛时间 research

the u.s. tax, accounting and bookkeeping industries show no signs of slowing down, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry.
  • average hourly wages for key segments.
  • typical hours worked per week.
  • and trends concerning women in the accounting workforce.

read more →