Managing Partners’ Favorite Staffing Strategies

Two coworkers playing ping pong in office as another looks on from deskWhat they do now and are considering for the future.

By Marc Rosenberg
On Staffing

I often poll a group of more than 100 managing partners across the country on various practice management issues.

MORE ON STAFFING: Don’t Underestimate Communication with Staff | 19 Questions for Your Next Hire | Staff Performance Feedback Done Right | 21 Staff Training Best Practices | Making Flex Time Work in the Real World | 10 Winning Traits of Accounting Firm Leaders | The Importance of Great Bosses | The 12 Reasons Your Staff Hates Your Firm | What Happened to the Relevancy of the CPA Profession?
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Recently, I polled them on leading-edge staff practices.
READ MORE →

Why Firms Can’t Afford NOT to Develop Women Partners

Young smiling woman holding tablet in office8 best practices.

By Marc Rosenberg
On Staffing

Let’s open this discussion in very simple terms.

MORE ON STAFFING: Staff Performance Feedback Done Right | Why Staff Scheduling Should Be Centralized | Compensation: Money and Beyond | How to Make Mandatory Saturdays a Thing of the Past | What Staff Mentoring Is and Isn’t | Do Flexible Hours Help or Hurt Us? | 8 Keys to Keeping Staff Engaged | Staffing: What CPA Firms Are Learning the Hard Way
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The CPA profession suffers mightily from a shortage of labor. There are several reasons for this, in no particular order:
READ MORE →

How to Create a Talent Management Strategy

Smiling businessmen listening to young female during interview5 steps to acquiring the right employees.

By Marc Rosenberg
On Staffing

What is talent management?

MORE ON STAFFING: What Happened to the Relevancy of the CPA Profession? | Staffing: What CPA Firms Are Learning the Hard Way
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

It’s an umbrella term for how firms acquire talent, engage people in their firm, develop their skills and retain them. Among many things, it addresses:
READ MORE →

SURVEY FINDINGS: Talent Wars, M&A Frenzy Continue

Man and two women talking in officePlus a suggestion for renaming the MP.

By Gary Adamson
The Rosenberg MAP Survey

Organic growth continued to be slow and nowhere near pre-recession levels. In fact, this survey and others showed a lower 2015 growth rate than 2014.

MORE FROM THE SURVEY: Next-Gen Leaders Getting Restless | Mergers Keep Racing Forward  | Do You Have a Firm or a Co-op? | Accountability, Equity, Compensation Are Concerns | MAP Survey Top 10 Findings | CPA Firm Revenues Rise a Hefty 8%
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The talent wars are back with a vengeance and firms are generally not finding success in hiring their way out of long-standing succession issues.
READ MORE →

Chris Allegretti Makes Retention a Top Priority at HBK

Allegretti
Allegretti

Also: Expanding on the notion of ‘most trusted advisor.’

By CPA Trendlines Staff

While hiring top talent is a key concern for Chris Allegretti, chief executive officer of HBK CPAs & Consultants in Canfield, Ohio, he’s even more concerned with his firm’s ability to retain its best people.

HBKlogoMORE from THE CORNER OFFICE: Lou Grassi Focuses on Recruiting, Retention at Namesake N.Y. Firm | Richard Berkowitz Drives Berkowitz Pollack Brant to ‘Warp Speed’ | Randy Myeroff at Cohen & Co.: Winning the Youth Movement | Rick Dreher Innovates Wipfli for Clients, Younger Workers | How Blain Heckaman Drives Value at Kaufman Rossin | WeiserMazars MP Blake Charts U.S. Expansion | Frank Longobardi: CohnReznick’s Battle for Top Talent | The Robo-CPA: Jim Sikich Prepares for Disruptive Technologies |  Exclusively for PRO Members. Log in here or upgrade to PRO today.

“Of  course our job is to recruit the best, but we ‘re also finding that we have to constantly ‘re-recruit’ them by investing in their futures and making our firm the place where they’ll want to stay,” he says.
READ MORE →

Randy Myeroff at Cohen & Co.: Winning the Youth Movement

Myeroff
Myeroff

“Whoever can connect with today’s youth movement and invest in it the right way is going to win.”

By CPA Trendlines Staff

Attracting and retaining high-caliber, younger workers is far and away the most pressing concern at Cohen & Co. in Cleveland, Ohio.

MORE from THE CORNER OFFICE: Rick Dreher Innovates Wipfli for Clients, Younger Workers | How Blain Heckaman Drives Value at Kaufman Rossin | WeiserMazars MP Blake Charts U.S. Expansion | Frank Longobardi: CohnReznick’s Battle for Top Talent | The Robo-CPA: Jim Sikich Prepares for Disruptive Technologies |  Exclusively for PRO Members. Log in here or upgrade to PRO today.

The CPA firm, which ranks among the nation’s 100 largest, is reaching out to young talent via means that include offering one of the top-ranked internship programs in its northeastern Ohio region, and by simply increasing its hiring of new college graduates.
READ MORE →

Industry Employment Surge Shows No Signs of Slowing

Chart showing number of employees in the accounting industry according to Bureau of Labor Statistics
All employees in the accounting and bookkeeping industry; numbers reported in thousands

Record highs seen in overall employment, staff wages, CPA firm employment and staff, and more.

By CPA Trendlines Research

The U.S. tax, accounting and bookkeeping industries show no signs of slowing down, according to CPA Trendlines sources.

Here CPA Trendlines reports on:

  • Current hiring trends in each of the bookkeeping, tax, payroll and CPA segments of the industry.
  • Average hourly wages for key segments.
  • Typical hours worked per week.
  • And trends concerning women in the accounting workforce.

READ MORE →

Top 100 Firms Report Solid Growth Amidst Staffing Challenges

Top 100 overall revenue chart
Source: AccountingToday

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: READ MORE →