Attest, M&A and SALT lead top trending niches. Accounting Today’s annual listing of its Top 100 firms reflects what the industry as a whole is seeing: Business is good and it’s getting better. Overall growth was a healthy 8.44 percent, similar to but slightly higher than recent years. Firms with revenues between $100 million and $1 billion outpaced the others in growth mode, although mergers had a great deal to do with that. The most difficult challenge cited was – no surprise – recruiting and retaining qualified staff, especially those with three to five years of experience. Pressure is being put on the talent pool by retiring Baby Boomers only exacerbates the problem. Tools to counter it include:
… and keeping them. CPA Trendlines conducts surveys all the time, but we like to ask periodically if there are questions we just aren’t asking that you need answered. We’re giving you the opportunity to help your fellow accountants with their pressing questions. Today’s topic: staffing. “Staffing: raise internally or seek outside of firm?” asked Jim Falgout, president of Falgout & Associates, P.C. in Richardson, Texas. “What do you do to attract employees who want to stay and grow with the firm?” asked Scott Sanders, managing partner of Sanders Thaler Viola & Katz LLP in Jericho, N.Y. Michael Green of Arendholz Bryan & Associates in Branford, Conn., wants to know “how to attract, retain and motivate young CPAs without giving […]
Today’s best career advice: join the survey; get the answers. What’s your mentoring story? by Rick Telberg At 20 years old, the world was a blank canvas with vast opportunities for Sal Inserra. He thought he knew exactly what he wanted in life. “Until,” he once told me, “I was set straight.” Like many CPAs, Sal owes much of his career and success to a few key mentors who guided him early on. Today — as the kids head back to school and college, and as the rest of us wind up our summers and look ahead to the fall — it may be a good time to salute the mentors who help steward a great profession to the next […]
Get certified. Apply early and often. Join the survey; get the results. By Rick Telberg I’m looking over the early responses to our new CPA Careers survey and one stands out for its practicality and wisdom. This from a veteran senior finance manager at a Fortune 1000 company is, I think, 18 pieces of the best advice I’ve ever heard. 1. For the accountant who is not a CPA yet: If you’re not a CPA already, make it a goal. 2. If you need hours, apply to every accounting firm that you could drive to or are willing to move close to. 3. Apply beginning in mid-April, after busy season, when accounting firms clean house.
A sign of economic recovery and increased competition. Bringing in new business and finding top-notch staffers to handle anticipated growth are emerging as the new, most pressing challenges for CPA firms today. With a rebounding economy, the AICPA says in its new PCPS “Top Issues Survey” that client retention, which had been a significant concern for firms in the 2009 survey, has been overtaken by a tilt toward growth issues. “Finding qualified staff” was a top issue from 1997 to 2007 for all but the smallest firms, but disappeared entirely from Top 5 lists in 2009. Now it’s back.
37 percent of finance and accounting workers say they are likely to look for a new job in the next 12 months
Rationalizing a broken system and recapturing two-thirds of lost value. With CPA firms and corporations rushing to staff up with a suddenly warming economy, finance and accounting employment agencies are booming. But it can’t last. Sooner, rather than later, the internet will change everything. Dan Gaffney, a CPA, CIA, CISA and a 20-year audit veteran, in both public accounting and in corporate, is positioning himself to take advantage of the paradigm shift. He’s out to revolutionize the finance and accounting temp business. His Chicago-based incubation-stage start-up, Vouchedin.com, is seeking to do to short-term staffing placements what Monster did to newspaper classifieds and what Apple did to the recording industry: leverage the internet to cut out the middleman, re-channeling profits to […]
Attract and retain the best and the brightest. by Jean Caragher Capstone Marketing Daniel Burrus, considered one of the world’s leading technology forecasters and business strategists and author of six books including “Flash Foresight: How to See the Invisible and Do the Impossible,” was the opening speaker at the 2012 CCH User Conference held this week in my new hometown of San Diego. Complete conference coverage: Cloud & Mobile Technologies Drive Change in Tax and Accounting | How Apple Is Changing Your Business | 10 Ideas to Keep Your Firm Moving Forward | Given the rapidly changing world in which we work, Burrus challenged us to look into the future to determine those hard trends (those that will happen whether […]