how to make your firm a success magnet

fligel

learn what it takes to attract the best talent and merger partners.

by robert fligel, cpa
rf resources llc

for many in the cpa business, organic growth is going to be very slow for the next several years. so, cpa firms seeking growth are:

  1. making strategic mergers or acquisitions, or
  2. bringing in new partners or groups of partners with strong books of business.

but how do you position your firm to be desirable to merger partners or new talent?

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clark nuber’s six proven ways to attract and develop talent [video]

maybe the 150-person firm in bellevue, wash., has found a winning formula.

[jwplayer mediaid=”12592″]

tracy l. white

clark nuber is consistently ranked among one of washington’s best places to work and the firm has an 88 percent retention rate. tracy l. white, sphr, senior director of human resources, shares insights into what it takes to build a dedicated staff:

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number of accounting grads hits new high

hiring plans rebound. heavy demand for post-grads.

top line: undergraduate degrees. bottom line: post-graduate degrees. source: aicpa

via aicpa

newly minted accountants have some of the brightest job prospects in the nation, with nearly 90 percent of accounting firms forecasting the same or increased hiring of graduates this year compared with 2010, and nearly three quarters, 71 percent, of the largest firms anticipating more hiring – an indicator of a rebounding economy.

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10 ways to recruit & retain the best talent

steve erickson
steve erickson

rule 1: deliver a consistent message.

cpa and consultant steve erickson offers 10 tips to help firms in hiring and retention:

  1. increase focus and efforts. make recruiting a year-round focus, engaging both
    partners and employees in the process.
  2. build an employee referral network. use it to find employees and offer your expertise to other accountants while spreading the word about the profession through speaking and writing engagements. focus on reciprocity–make referrals for other firms and don’t burn bridges. read more →

no surprise: the best firms pay more

but they bill for it too.

annual compensation. source: inside public accounting via 卡塔尔世界杯常规比赛时间

the best firms, according to inside public accounting, start paying more from the first day and from the bottom up. for instance, ipa’s best of the best pay new graduates about $55,000, compared to $50,000 at their competitors — a 10% advantage that generally carries through every job level. read more →