several experts on offer tips on how.
by marc rosenberg
cpa firm staff: managing your #1 asset
“if i have 500 partners and 400 are men, i figure i have 150 underperforming partners.” – a big 4 managing partner
the cpa profession suffers mightily from a shortage of labor. there are several reasons for this, in no particular order:
- accounting is not a popular major in college.
more: a better way to provide performance feedback | training? cpe? they’re not the same | six tips for setting compensation | staff crave advancement and challenge | 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
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- since the turn of this century, a dreadful shortage of accounting professors has challenged universities’ ability to meet student demand for accounting courses.
- the cpa firm industry has high turnover, generally in the 15-20 percent range. reasons include the technical demands of the work, busy seasons, long hours, the profession’s requirement that people wait 10 to 20 years before making partner and the failure of partners to mentor staff.
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