how does your firm leverage its talent?

five questions you can’t say “no” to.

by steven e. sacks
the new fundamentals

with millennials representing 35 percent of today’s workforce, 50 percent in the next couple of years and 75 percent by 2030, the career mindset will shift even more toward moving onward and upward – and out.

more: retention starts with the hiring interview | how motivation is like bathing | be a talent magnet | make crap a badge of honor | the job interview: a make or break proposition | 10 elements to balancing shareholders’ needs | a leader’s guide to ending entitlement
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unless you are a business owner, the days of 40-year employees have disappeared.

there are more work options and vastly different work cultures and philosophies. today’s young professionals have no preconceived notions of following a traditional career path, including waiting 10 to 12 years to become a partner in a cpa firm. if there are better options out there, these young professionals will take them in a heartbeat.

loyalty? not so much.

and forget about coffee table firm brochures with stock photos of happy faces and the walls adorned with framed “best places to work” awards.

“it’s never too late to be who you might have been.” – george elliot

gen xers who are moving into leadership roles become obsessed with the next rung on the career ladder. they may not have taken a step back to assess their firm.

  1. is it benefiting from their efforts?
  2. is it positioned for more growth and profitability?

the number of existing clients or current market share will not tell the whole picture.

as someone who may be on the partner or c-suite track, you want to see that your firm or organization is leveraging its talent and branding its image effectively.

  1. is the firm attracting new types of clients and employees?
  2. will senior leadership be open to suggestions or be receptive to a slight change to the characterization of the practice?
  3. does the managing partner have an interest in acting on feedback?
  4. how willing is the practice or organization to invest in your professional and personal development as a future leader?
  5. does the senior leadership provide you with relevant information, guidance, and feedback so you can excel?

if you hesitate to answer in the affirmative to any of these questions, maybe it’s time to reflect, react, re-energize and redirect your career.