By Carl Peterson, CPA, CGMA
Finding and keeping good people is always a top concern for CPA firms, but the last year and a half has taken a toll on many small practices. In addition to the disruptions caused by the pandemic itself, staff have wrestled with the additional challenges of Paycheck Protection Program loans and the unpredictable changes in tax season deadlines. The resulting stresses have led to staff losses. Fortunately, there are three steps firms can take going forward to tackle staffing issues in a way that will make it easier to recruit and retain talented people.
Leverage technology – Technology allows firms to free their talent from tedium, giving them more time in their days and less stress in their lives. It enhances retention by allowing staff to focus on more challenging and rewarding tasks. Find out what other PICPA small firms are doing with technology through the PICPA Connect discussion boards and explore the options that suit your practice.
Rethink your business model – Consider new ways of providing services and deploying staff that can be more productive and profitable and that make life easier for staff. Options may include the following:
Change how staff works – Make your staff’s days less stressful and enhance their opportunities. Here are a few options that will help:
CPA firm staffing has long been a challenge. In a strange way, the COVID-19 pandemic presented opportunities for considering and adopting new approaches that make the most of a firm’s vitally valuable asset, its people. The steps provided in this blog are just a few options to help firms move away from being old-style legacy firms to firms of the future that focuses on staff and client relationships. Seize the opportunity and make your firm the kind of place where top talent will want to work.
Carl Peterson, CPA, CGMA, is vice president of small firm interests with the Association of International Certified Professional Accountants. He can be reached at carl.peterson@aicpa-cima.com.
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