tax & accounting firms beef up wages and headcounts
growth seen across the board.
by beth bellor
staffing & recruiting
four ways to propel new cpas into growing your firm
practice makes progress.
by sarah johnson dobek
inovautus consulting
it’s no secret most accounting firms are facing partner succession and will continue to do so for years to come. the most common area of concern is how to involve new cpas in your firm’s growth activities.
more: five better ways to say no | six ways to engage young managers, staff in firm growth | the right dna for growth | how crisis illuminates your biz dev skills | business development and sales aren’t scary
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the short solution is young staff members should be involved in anything that will help them learn the business and develop the skills they need to lead one day, whether that means the partner track or some other role. it’s never too early to start. in fact, immersion should be expected from the first day they walk into the firm.
here are four instant and easy ways to get your young people involved in the business:
cpa hiring rises as number of new grads continues to decline
plus: where the new entry-level jobs are.
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the accounting industry has long worried about the gradual disappearance of the profession – not for lack of need, but for lack of professionals.
more on staffing: when an employee’s growth has gaps | private equity shakes up u.k. firms | my first trainee | unlock your accountant super powers | from senior to manager in 12 quick questions | staffing crisis: 40% are looking for new jobs | nine biz-dev metrics for making partner | cpa roi doa: why the next-gen accountant won’t be a cpa |
let’s face it – accounting isn’t especially attractive to college students. it has a reputation for being dull, and anyone who has talked with experienced practitioners knows that a job can require long hours.
and then there are the extra hours of study required to pass the cpa exam. and then there are the years of work (and relatively low pay) required to really learn accountancy. and then there’s the cpe needed – official and un – just to keep up with changing rules and regs.
but there are upsides, too. read more →
when an employee’s growth has gaps
where did all that experience go?
by ed mendlowitz
call me before you do anything: the art of accounting
we hired sam out of school and he worked for us for two and a half years and then we split up our firm. this was ages ago and sy and i left our third partner to form our new firm on jan. 1.
more: my first trainee | the growing pains of a small firm | giving clients the best you’ve got | why map programs are essential | how to become a specialist | secrets in specialties | making sure the son got proper credit | yes, shirt logos can matter | 10 more reasons cpas quit public accounting | family trees of clients | preparing for the worst (thanks to my wife)
however, there is a valuable lesson here and i think it is worth sharing. it changed the way we hired staff.
read more →
martin bissett: private equity shakes up u.k. firms
martin bissett argues professionals must think like the business owners they are.
the disruptors
with liz farr
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