{"id":749,"date":"2007-09-24t09:03:29","date_gmt":"2007-09-24t14:03:29","guid":{"rendered":""},"modified":"-0001-11-30t00:00:00","modified_gmt":"-0001-11-30t05:00:00","slug":"cpas-get-smart-in-staff-crisis","status":"publish","type":"post","link":"\/\/www.g005e.com\/2007\/09\/24\/cpas-get-smart-in-staff-crisis\/","title":{"rendered":"cpas get smart in staff crisis"},"content":{"rendered":"

\u00e2\u20ac\u0153too much to do, not enough time.\u00e2\u20ac\u009d <\/i><\/p>\n

how does your office rate? join the survey; see the answers.<\/a><\/b><\/p>\n

by rick telberg<\/b><\/p>\n

accounting firms and finance departments have but a few stark choices when it comes to managing the epidemic staffing crisis: do more with less, or just do less.<\/p>\n

in fact, too many offices are simply doing less. but there is an alternative to simply throwing in the towel. almost as many firms are learning how to cope\u00e2\u20ac\u201deven thrive\u00e2\u20ac\u201dthrough the crisis.<\/p>\n

more than half of the cpas who are responding to our current survey say their firms are so understaffed that it\u00e2\u20ac\u2122s impeding business. while the reasons why firms are facing a shortage may vary, many respondents cite difficulty in finding quality associates.
\n\u00e2\u20ac\u0153we are desperately seeking accountants [and] have been for over a year,\u00e2\u20ac\u009d said alka chudasama of a public accounting firm based in redlands, calif.<\/p>\n

echoing that sentiment, terri hornberger of dallas, texas, said, \u00e2\u20ac\u0153[it\u00e2\u20ac\u2122s] hard to find staff.\u00e2\u20ac\u009d<\/p>\n

unfortunately, it appears to be an industry concern that shows little sign of slowing. according to the aicpa, 75 percent of the current membership will approach retirement age in the next 15 years. the aicpa has also noted that the shortage of cpas continues. firms may have hired 17 percent more entry-level recruits in 2006 than they did in 2005, but the need for cpas remains. according to the aicpa, in 2004, one in six cpas left his or her firm\u00e2\u20ac\u201dthat is 2 percent more than in 2003.<\/p>\n

according to the latest bay street group trendlines data, some 20 percent of cpas work in offices with at least 20 percent annual turnover.<\/p>\n

fueling the fire is an increase in the number of businesses, shifting financial regulations, an amplified scrutiny of company finances and the changing role of accountants. today, they are offering more services than ever. they must do so in order to effectively compete in today\u00e2\u20ac\u2122s challenging marketplace. the metamorphosis has sparked major growing pains for many firms in the industry.<\/p>\n

\u00e2\u20ac\u0153a new area of business will require more staff,\u00e2\u20ac\u009d said debbie stevens of lenexa, kan.<\/p>\n

\u00e2\u20ac\u0153we need more staff at the mid-experience level,\u00e2\u20ac\u009d said camala bailey at a local accounting firm in tempe, ariz.<\/p>\n

some respondents said that their firms have already seen a wave of retirements and have yet to fill the positions. meanwhile, other professionals said they are overstaffed when looking at the numbers but are understaffed when it comes to \u00e2\u20ac\u0153talent and attitude.\u00e2\u20ac\u009d<\/p>\n

\u00e2\u20ac\u0153we are not trying to grow the business because of our concerns with hiring and retaining qualified staff,\u00e2\u20ac\u009d said michael warner of the eponymous warner & co. in woodstown, n.j.<\/p>\n

added ann menke in west point, iowa, \u00e2\u20ac\u0153we can\u00e2\u20ac\u2122t grow because we don\u00e2\u20ac\u2122t have reliable staff.\u00e2\u20ac\u009d<\/p>\n

according to nancy hwang at a firm in rancho cucamonga, calif., budget constraints have hampered hiring efforts. they are \u00e2\u20ac\u0153understaffed, over budget\u00e2\u20ac\u009d and burdened by \u00e2\u20ac\u0153unrealistic upper management expectations as to what it takes to run an accounting office,\u00e2\u20ac\u009d said hwang.<\/p>\n

for those firms that believe hiring additional staff is not an option, many industry sources agree that enhancing efficiency within the workflow process could be the next best thing. luckily for firms, software vendors are well aware of the staff shortage facing the industry, and many are bolstering their product offerings to better streamline workflow and automate data entry.<\/p>\n

looking ahead, such staffing issues will continue to force companies not only to find ways to attract and retain talent\u00e2\u20ac\u201dwhether it be through compensation or a more flexible work environment\u00e2\u20ac\u201dbut also to enhance workflow efficiency.<\/p>\n

there\u00e2\u20ac\u2122s \u00e2\u20ac\u0153always too much to do and not enough time,\u00e2\u20ac\u009d said nancy callahan of carmel, calif.<\/p>\n

your turn: how does your office rate? join the survey; see the answers.<\/a><\/p>\n

comments: questions, rants or raves? write rick telberg.<\/a>
\n<\/b>
\ncopyright \u00c2\u00a9 2007 bay street group llc. all rights reserved. first published by the aicpa.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00e2\u20ac\u0153too much to do, not enough time.\u00e2\u20ac\u009d how does your office rate? join the survey; see the answers. by rick telberg accounting firms and finance departments have but a few stark choices when it comes to managing the epidemic staffing … continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2254],"tags":[6],"class_list":["post-749","post","type-post","status-publish","format-standard","hentry","category-growth","tag-bsg-business-builder"],"acf":[],"yoast_head":"\ncpas get smart in staff crisis - 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