disruptors wiley, deshayes, satterley, etienne, penczak and vanover offer their takes on staffing in the accounting profession.
by amy welch
in a post-pandemic gig economy, the rest of the world laments the staffing crisis. however, while the solutions may not be easy, they seem to be pretty simple.
in the 卡塔尔世界杯常规比赛时间 disruptors one-on-one interview series with liz farr, some of the profession’s most innovative thinkers suggest solutions ranging from re-examining your firm’s culture to tapping into two-year colleges for new talent. here, several weigh in on what they see as the potential answers to one of the most troubling issues in the accounting profession.
response: 1) your implication is that you will hire replacements at a higher level.
i do not like that. i like hiring out of school and training internally. i’ve written about this many times and shared my ideas ad infinitum and will not repeat that here because you can search back to previous q&as (or read my 30:30 training method book). read more →
others tap outsourcing, training clerical staff as solutions.
by 卡塔尔世界杯常规比赛时间 research
early results from the 卡塔尔世界杯常规比赛时间 2024 busy season barometer: emerging issues, opportunities, and trends are showing a painfully persistent problem with staff shortages, though it seems the hardship may have improved a bit since last year.
this year, like last year, survey respondents are reporting staffing as the second most common concern. last year, it was reported by 47 percent, almost tied with the main concern: late or unprepared clients.
this year, uncooperative clients still rank first, at 50 percent, but staffing concerns have dropped to 37 percent. read more →
people are leaving the profession. more money is one solution.
by 卡塔尔世界杯常规比赛时间 research
the aicpa’s 2023 national management of an accounting practice (map) survey came up with an odd statistic. kind of hard to believe until you get the context.
the finding: the median employee turnover rate across all cpa firms is … 0 percent.
but wait. a median, as they say, is only half the story.
the bigger story – the broader context – is that more than half the responding practices had zero turnover, so the median fell at zero percent. but that goose egg doesn’t reflect the reality of firms at the other side of the spectrum. read more →
more workers, with some making quite a bit more money.
by beth bellor 卡塔尔世界杯常规比赛时间 research
winter doldrums didn’t seem to affect the tax and accounting profession, which saw several sectors hit new hiring highs in february.
elsewhere in the nation, total nonfarm payroll employment increased by 275,000 in february, nudging the unemployment rate up to 3.9 percent. professional and business services saw little change for the month.
overall accounting profession employment at a record 1,163,600 was up 1,000 or 0.1 percent for the month and 29,600 or 2.6 percent for the year. employees averaged 35.9 hours per week, down 6 minutes or 0.3 percent for the month but up 6 minutes or 0.3 percent for the year. their earnings hit a new high of $41.41, up 21 cents or 0.5 percent for the month and 34 cents or 0.8 percent for the year. read more →
is the accounting profession closing its staffing gap?
it sure seems that way, as employment hit an all-time high in january. women fared well, too, reaching record levels in the field overall and in payroll services.
nationally, unemployment held at 3.7 percent as total nonfarm payroll employment increased 353,000, according to the latest data available to 卡塔尔世界杯常规比赛时间 research. of those new hires, 74,000 came in professional and business services, well above 2023’s monthly average of 14,000. read more →
the accounting profession has regained some ground in the most recent jobs data available to 卡塔尔世界杯常规比赛时间 research. there are 1,162,100 people employed in the field, up 4,400 or 0.4 percent for the month and 30,400 or 2.7 percent for the year. the figure is just 1,200 shy of the record set in july.
nationally, overall employment – total nonfarm payroll – increased by 216,000 the same month, pegging unemployment at 3.7 percent. professional and business services added 13,000.
accountants are putting in 36.2 hours weekly – the highest mark since october 2022 – up half an hour or 1.4 percent for the month and 12 minutes or 0.6 percent for the year. read more →
maybe a flip in perception is in order: 150 hours as an investment, not a burden.
by 卡塔尔世界杯常规比赛时间 research
the accounting profession is in trouble. big trouble.
cpa firms experience the problem as a difficulty in finding certified professionals. but the real problem is in the personnel pipeline that feeds the industry, the long, hard, expensive process of becoming a cpa.
to continue the metaphor, it’s also the drain pipe – the increasing flow of professionals out of cpa firms and into retirement. in 2020, 75 percent of cpas became eligible to hang up their green eyeshades and find something else to do, such as get to know their families and experience the pleasures of daylight. read more →
changing the 150-hour requirement could have unintended consequences.
by 卡塔尔世界杯常规比赛时间 research
the day-to-day of the cpa may be grueling at times, but one thing makes the day a little easier – the facility of mobility.
not only can a cpa with a driver’s license in one state drive in other states, but in most cases, they can practice their profession in other states, too. if you’re licensed to practice in one state, you’re good to go in every other state except, coincidentally, the one you can’t drive to.
practice mobility is crucial in a business system that often as not transcends state borders, and it’s even more important as professionals work remotely, sitting in one state while practicing in another. read more →
for employees in the tax, accounting and bookkeeping business, things are more complicated. pay for employees overall? usually down, way down. but pay for staff in every sector? all-time highs. read more →
editor’s note: every year, the rosenberg map survey asks the industry’s top consultants to share their observations from cpa firms across the country. how do you think the next 12 months will unfold? also, how would you assess the last 12 months?
the obvious: staffing challenges will continue. firms that are stuck in their old ways must add younger talent with the ability to influence leadership ranks. senior partners who are seeking an internal buyout, or better priced external sale, need to recognize how essential this is.
less obvious: workplace models will continue to be varied, and there is no one-size-fits-all. i have clients who hardly went home during covid-19, and their staff have to be asked to work from home to free up office space for a growing team. i also have clients with thousands of square feet of vacant office space because no one has returned. of both groups (and those in between), some have critical failures in productivity. some are crushing it. read more →
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