talent & career development

weisermazars mp blake charts u.s. expansion

by

blake
managing partner james blake

succession planning will be key to success.

by 卡塔尔世界杯常规比赛时间 staff

weisermazars is looking to guarantee its success as a firm long into the future by helping its professionals find their own success earlier on in their careers.

the new york-based accounting and consulting firm, which ranks as the nation’s 23rd largest, has its up-and-coming professionals take over the responsibilities of partners nearing retirement under a process that begins very gradually some three years before the partners retire. and it grooms those up-and-comers to handle increased leadership roles via internal training programs conducted by its top executives.

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will college grad supply meet industry demand?

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silhouette of graduates throwing caps into airfirms are hiring, but accounting enrollment has swung widely.

by 卡塔尔世界杯常规比赛时间

there’s disturbing but not disastrous information about the profession’s labor supply.

or, to look at it another way, good news and bad news.

the good news is that accounting firms are optimistic enough to foresee a lot of hiring.

the bad-but-not-disastrous news is that the incoming supply of accounting graduates may not keep up with the demand.

so much for optimism.

since 1971, when the aicpa began its study, “trends in the supply of accounting graduates and the demand for public accounting recruits,” the general trend in graduates with bachelor’s and master’s  in accounting degrees has generally risen, but not evenly. growth was steady and steep through the ’70s but then evened off for 20 years. but the new millennium didn’t bring new hordes of cpas. quite to the contrary, graduation with accounting degrees rates declined. by 2006, they were down to the numbers of the mid-70s.

but the trend turned upward again and rose steeply, doubling the number of bachelor’s and master’s degrees by 2012.

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13 succession plan requirements

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time to retire clock facemake sure you’re not growing your own competition.

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

there are various sections that should be included in any succession plan. we are not going to present you with a sample succession plan, but even better, to describe topic areas you should address in your plan.

more on performance management: base retirement on today’s operations | who decides what? | how involved should retired owners be? | how to find a partner’s replacement | best practices for mandatory retirement | 7 succession questions to ignore for now | the pitfalls of equity allocation and reallocation

as always, there are various best practices to consider as you put your plan together. for any succession plan to work, you have to start with consideration of the business model you use:
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who decides what?

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businessman looking thoughtfulyou need to ponder some questions before you answer.

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

everywhere you turn, you overhear someone talking about, being asked about the status of, or referring to their need to develop, a succession plan.

more on performance management: how retired partners are robbing their own firms | how involved should retired owners be? | how to find a partner’s replacement | action plans for transitioning partners | how retirement issues affect succession planning | succession: the questions to care about | 7 succession questions to ignore for now | cpa firm performance assessments: 15 core competencies, 21 questions

as a matter of fact, for the past 12 years through surveys with the aicpa, we have been asking firms to share with us whether or not they have a succession plan in place.

when you consider the responses to this question from the pcps succession institute succession management surveys conducted in 2008 and 2012, clearly more and more firms are:

  • getting their act together,
  • documenting their succession management strategy and
  • thinking through the ramifications of retiring one or more senior owners.

here is the question we asked along with summary data from both surveys: read more →