PAY & COMPENSATION

Ten Questions for Potential New Hires

By

Young businesswoman speaking with client

Plus four considerations before you start screening.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Before our firm became a distributed company with a remote workforce, our hiring was naturally limited to a small geographical location – Fort Wayne, Indiana.

MORE by Jody Grunden
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

When we really started to grow, we knew we needed to bring in more senior-level accountants to be able to handle the clients we were bringing in at such a rapid pace.

READ MORE →

Virtual Accounting Firms Have Hidden Costs

By

Happy business professionals giving high five hand slap

Save by combining a retreat with CPE.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

With a brick-and-mortar company, there are a number of standard costs that you would expect to have, such as rent or mortgage, utilities, building repairs, furniture, technology, etc. The total amount of these kinds of costs typically falls in the range of 3-4 percent of the company’s annualized revenue. That amount can be pretty significant for a lot of companies.

MORE by Jody Grunden
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

 

Some business owners may think they can save the company all of that money by going remote, but I personally believe that’s a terrible idea. While it’s true that a distributed company doesn’t have the costs that come with having a physical space, the very nature of a remote work environment results in a completely different and unique set of needs that should be considered in the company’s annual budget.
READ MORE →

Stay or Go? Rethink Job Hopping | Accounting Influencers

By

Is the next big opportunity across the street…or right where you already are?

This is a preview. The complete video episode, with commentary and transcript, is first available exclusively to PRO Members | Go PRO here
Sponsored by Poe Group Advisors: Helping accountants buy, build, and sell exceptional firms. See Today’s Special Offer

Subscribe to CPA Trendlines podcasts anywhere: Apple, Google/YouTube, Spotify, iHeart, Deezer, Amazon Music, Audible, Player FM, Audacy, RSS.

Sponsored by Poe Group Advisors: Helping accountants buy, build, and sell exceptional firms. See Today’s Special Offer

Accounting Influencers
With Rob Brown

Post-pandemic, accounting professionals saw record pay increases just for changing employers.

However, as economic conditions tighten and median pay raises for job switchers fall from roughly 7% to just over 4%, the calculus is changing. The latest episode of the Accounting Influencers explores this new reality, urging professionals to look beyond paychecks and consider the broader picture of career satisfaction.

During the Great Resignation, switching jobs was practically risk-free. Firms desperate for talent offered 15–20% salary hikes to fill open seats. Today, however, that market has cooled. With inflation steadying and corporate budgets tightening, job hopping no longer guarantees the big payouts it once did.

As host Rob Brown explains, “The financial upside of switching jobs has narrowed, but the emotional and professional costs of moving may be higher than ever.”

READ MORE →

Make Your Leadership Team Meetings More Effective

By

four people on each side of a videoconference

Three steps to use.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Doing the DiSC Assessment with our team, we learned that some people love meetings and some people despise them. The “D” (Dominance) personality on the DiSC scale tends to be direct, very results-oriented and less collaborative in meetings. The “I” (Influence) personality enjoys meetings because they provide an opportunity for social engagement and collaboration.

MORE by Jody Grunden
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The “S” (Steadiness) personality may not feel comfortable speaking up in meetings unless they are called upon. The “C” (Conscientiousness) personality may need to rally more energy within themselves for meetings because they tend to value working independently over collaboration. Knowing the personalities of your leadership team members will help you run more effective meetings.
READ MORE →