Twelve Years and Out: Seasoned Accountants Join the Exodus.
No longer a problem confined to just new talent or middle managers.
By CPA Trendlines Research
STAFFING & RECRUITING
How Accounting Firms Are Handling the Staff Shortage
Some creativity may be in order.
By CPA Trendlines Research
Rare is the CPA firm that has no problem finding, hiring and retaining professionals in accountancy. Those that don’t have a problem are either not hiring or are paying plenty with packages that include higher than average salaries, the option to work remotely, stock option plans and other benefits.
MORE: The Future of Fees | As Private Equity Closes In, Firms Seek New Answers to Staffing Problems | When Staffing Falls Short, Clients Get Culled | How Accounting Firms Are Dealing with Retirement | Next Five Years Are Critical for Accounting Firms | Staffing Turnover’s Down, But Why? | What’s Your Firm Worth? Private Equity Wants to Know | The New Pipeline: Outsourcing and Offshoring | Is This the Last Year of Accounting’s Golden Age?
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Several of the top-notch consultants who contributed observations to The 2024 Rosenberg National Survey of CPA Firm Statistics not only noted the problem but shared some of the solutions that firms are applying.
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Staff Crave Advancement and Challenge
Do your people know what it takes to get ahead?
By Marc Rosenberg
CPA Firm Staff: Managing Your #1 Asset
The CPA firm mergers and acquisitions company ProHorizons has surveyed thousands of staff on what they want most from their jobs. Here are excerpts from their survey results:
MORE: What Leadership Looks and Feels at CPA Firms | Eleven Things That Good Mentors Do | Give the Recognition Your Staff Needs | The Importance of Great Bosses | How Remote Work Is Impacting Accounting Firms | Make Work Flexibility Work for Everyone | Why Staff Leave CPA Firms … and How to Stop Them | How to Solve the Big Disconnect in Talent Management | What Relevance Means for Staffing in Accounting | How Accounting Staffing Has Changed
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Opportunities for Growth and Development
One of the most common reasons people leave their jobs is because they don’t see potential for future growth. Staff want to be in a position where they are constantly growing and improving instead of just staying stagnant. The best CPA firms encourage that growth by providing opportunities for career and personal development.
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When Staffing Falls Short, Clients Get Culled
Revenues are taking a hit.
By CPA Trendlines Research
Who ever thought it would come to this – accounting firms reducing their clientele?
It seems to be increasingly common, and the reasons are clear. It isn’t a desire to reduce revenues. It’s a desire to keep up with the workload without burning out.
MORE: How Accounting Firms Are Dealing with Retirement | Next Five Years Are Critical for Accounting Firms | Staffing Turnover’s Down, But Why? | What’s Your Firm Worth? Private Equity Wants to Know | The New Pipeline: Outsourcing and Offshoring | Is This the Last Year of Accounting’s Golden Age?
Exclusively for PRO Members. Log in here or upgrade to PRO today.
With fewer professionals entering the profession, and more of them leaving, more than half of practices are culling their less profitable or more problematic clients.
What Leadership Looks and Feels at CPA Firms
Thirty ways that firms are developing staff into partners.
By Marc Rosenberg
CPA Firm Staff: Managing Your #1 Asset
“Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” – Jack Welch
“Good employees make mistakes. Great leaders let them.” – Anonymous
We are probably the millionth people to form a list of important leadership qualities, but we want to share what we have learned from working with CPA firms for over 20 years.
MORE: Eleven Things That Good Mentors Do | Give the Recognition Your Staff Needs | The Importance of Great Bosses | How Remote Work Is Impacting Accounting Firms | Make Work Flexibility Work for Everyone | Why Staff Leave CPA Firms … and How to Stop Them | How to Solve the Big Disconnect in Talent Management | What Relevance Means for Staffing in Accounting | How Accounting Staffing Has Changed
Exclusively for PRO Members. Log in here or upgrade to PRO today.
Many of these traits are geared to partners and firm management, but many apply to staff as well. READ MORE →