Posts by Amanda Lilley, CPA, SHRM-CP, PHR
As Halloween approaches, CPA firms will need to put more than a bowl of candy in front of their employees to be sure they retain them going into 2024. While the staffing shortage in the industry shouldn’t be news to anyone, now is not the time to let up on talking about the issue –…
Today, the debate on working in the office vs. remotely is raging. Is it more effective for people to work in the office or working remotely? Positions on this issue vary significantly depending on who you ask: Partners vs. staff? Older vs. younger people? Those at firms in large cities vs. small? The last few…
We polled our audience of CPA firms to find out the average turnover percentage in 2022 and what retention strategies firms plan to implement after this latest winter busy season to try to keep staff from joining the mass exodus that is common for public accounting professionals at this time of year. Based on 63…
Firms use compensation as a standard reward for performance in areas such as meeting billable hours expectations, performing at a high technical level, delivering exceptional client service, taking on additional training or leadership duties, or mentoring staff. Just as importantly, firms use compensation to give employees something to look forward to. Employees are motivated to…
Originally featured on Accounting Today… I’m amazed—maybe, by this point, I shouldn’t be—at how often the topic of recruiting and retention comes up when talking with clients. I could be working with a client on how to redesign their compensation system or admit a new partner, and without fail, somehow we get onto the topic…
Partner agreements are a key organizational document for any business, including CPA firms. Firms normally don’t find themselves needing to refer to them, but in the event that they do it’s important to have the right provisions included to be able to effectively handle situations as they arise. Many partnership or operating agreements from CPA…
Remote work has had undeniable effects on the CPA industry in recent years, which have been more incredibly challenging for accounting firms. From grappling with how to handle the onboarding, training, and mentoring of staff, to trying to maintain pre-pandemic client relationships and business development levels, firms have been faced with challenges not seen in…
As featured on accountingWEB.com. Retention is front of mind for the leaders of many CPA firms, as the accounting industry grapples with a labor market that favors the employee more than the employer. Some call it the Great Resignation; others refer to it as the Great Reshuffle. Regardless of what term you prefer, focus attention…
You may be wondering why the Average Annual Value (AAV) method is a common method accounting firms use to determine each partner’s goodwill amount for retirement purposes. You may also be wondering what the AAV method is and how it works. Whichever camp you’re in, you’re not alone! Let me help you by demystifying answers…
At Rampe Consulting we are always striving to find ways to better serve our clients and make lasting change in the CPA firm space. We are pleased to announce our latest service line – HR Consulting! With this new offering, we are aiming to help firms improve their overall employee experience and outline opportunities for career and professional development within their own firm.
Amanda Lilley, CPA, SHRM-CP, PHR
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