An excerpt from Accounting Today’s article by Richard Stanger and Carolyn Carlson, Winning the War for Talent.
Winning the War for Talent at all levels is the most critical issue facing the accounting industry today. In fact, the first sign that a CPA firm is in trouble is when the firm is not able to recruit, develop and retain great people, especially to succeed their current leaders. These firms have only three choices: fix the problem, sell out to a larger firm or stagnate. The good news is that war for talent is winnable with focus and discipline.
In addition to seeking talent through mergers and acquisitions, here are 4 recruiting practices that are critical to win the war for talent.
1. Making your staff referral program successful.
2. Hiring great experienced professionals.
3. Building talent from the bottom up, starting with entry-level hires.
4. Developing a strong summer internship program.
In sum, it all starts with partner attention and involvement to win the war for talent. Great firms artfully deploy their partners in a balanced way in three directions: business development, talent acquisition and development, and delivering quality work that adds real value to your clients. Don’t minimize the importance of great recruiting practices.
Read more about Winning the War for Talent in Accounting Today’s article, May 6, 2016.