Retention will naturally follow.
“Things may come to those who wait, but only the things left by those who hustle.” – Abraham Lincoln
By Steven E. Sacks
The NEW Fundamentals: Practical Guidance for Today’s Accounting Firms
Younger professionals are looking for CPA firms that will enable them to move up the career ladder faster than what had been the traditional time frame. Depending on the existing firm structure and size, there may not be any partnership opportunities until such time there is retirement, resignation or death.
MORE: Got Great People? Work to Keep Them | The 5 Keys to Success in Accounting Careers | The Holy Grail: Finding the Right Talent | The Power of ‘Real Influence’ | Stop Wasting Time in Useless Meetings | Is Your Firm’s Culture a Magnet?
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At the same time, the roles and responsibilities of a partner have evolved; clutching tightly to a book of business or pulling needed staff from others when engagements are not concluded has reduced the sense of collaboration and entrepreneurship. This has made the attainment (and the pursuit) of partner less appealing.
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