Posts Tagged ‘CPA-Firm-Staff’
What’s the Impact of PE on Staff? Top 200 Firm Leaders Weigh In
Is private equity an asset or a detriment to staff? In June, Rosenberg Associates collaborated with INSIDE Public Accounting to research the impact private equity is having on the accounting industry. We got a robust 163 responses from mostly senior firm leaders representing firms of all sizes. I revisited that dataset to find out how…
Read MoreNavigating a Multigenerational Workforce in CPA Firms
In CPA firms today, it’s common to find professionals from at least four generations working together: Baby Boomers, Generation X, Millennials, and Generation Z. Each group brings unique experiences, values, and perspectives to the workplace, creating both opportunities and challenges for collaboration. To thrive in this multigenerational environment, it’s essential to understand and embrace the…
Read MoreOffshoring and Outsourcing in the CPA Industry: Navigating the Talent Shortage with Alternative Solutions
The accounting profession is undergoing a significant transformation, with offshoring and outsourcing emerging as strategic approaches for CPA firms looking to optimize operations, reduce labor costs, and access talent. This trend is reshaping how accounting services are delivered and managed in an increasingly interconnected world. To better understand the current landscape of outsourcing and offshoring…
Read MoreThe Shortage of CPAs Gets Front Page Attention in the Chicago Tribune: Marc’s Response
On September 22, 2024, the Chicago Tribune featured a front-page piece about the dire shortage of CPAs. This article brought the problem to the attention of a large and probably previously unaware audience. I was so moved by the piece that I immediately wrote a “letter to the editor” response. Within 15 minutes, the managing…
Read MoreWorking Remote vs. In-Office: Will the Controversy Ever End?
Do lower income taxes help or hurt the economy? Is it better to be liberal or conservative? Should we worry about gas mileage when buying a car? Does AI pose a risk to civilization? Nature or nurture? Which way should toilet paper hang? These issues are endlessly debated and have no “answer.” Let’s add another…
Read MoreWhat Entry-Level Accounting Staff Should Be Asking the Partners
“If I had an hour to solve a problem…I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes.” –Albert Einstein Though it may appear that this blog is intended for college students or your young…
Read MoreTotal Rewards Statements: How to Get Employees to See Every Dollar
CPA firms of all sizes are still grappling with how to keep up with the talent market’s demands of higher compensation and more benefits as the staffing shortage continues to place constraints on firms. Years ago, firms would only look at their local markets’ compensation data when benchmarking where their offerings stood in comparison to…
Read MoreA Post Busy Season Checklist for CPA Firm Leaders
As the intensity of another busy tax season eases, CPA firms can now shift their focus to critical processes that sometimes get overlooked during the hectic months. The post-busy-season months present an ideal opportunity for firm leaders to step back from working “in” the business and start working “on” it. Below is a checklist designed…
Read MoreHow to Manage the Productivity of a Remote Workforce
Managing the productivity of remote workers is an undeniably critical challenge for many organizations. When offering a remote work option, firm leaders grapple to find the right balance between micromanaging and giving employees too much leniency, especially with newer, less experienced staff. To address these challenges, firms should invest in strategies that give them a…
Read MoreMastering Your Yes-To-Desk (Onboarding) Strategy
While Justin Bieber had a hit singing about one less lonely girl, this blog will give you insights into being one less lonely firm by bulletproofing your onboarding (yes-to-desk) experience, so that prospective candidates and new employees feel warm and welcome and your administrative burden is eased. First, I want to clarify the difference between…
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