Paul McDonald Archives

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Firm Management

Return to the Office: How to Ready Your Team for the New “Disruption”

CPA firms are taking varied approaches to the comeback. Some have adopted a very hardline approach and aren’t even entertaining the thought of a hybrid work model for their employees. Other firms are keeping things flexible about the “where” of ...

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Firm Management

Developing Executive Presence Starts Earlier Than You May Think

Executive presence is what a leader projects when they excel in soft skills like communication, empathy and calmness under pressure. Think of it as something similar to the “it” factor we often associate with Hollywood celebrities.

Firm Management

How to Craft a Remote-Friendly Recruitment and Retention Strategy

It was hardly a foregone conclusion that professionals would embrace remote working after the pandemic struck. Many people struggled through the early days of improvised desks and work-life conflicts. If COVID-19 had come and gone in a matter of ...

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Accounting & Audit

How a Learning Culture Can Transform Your Practice

One of the challenges associated with team learning is that everyone is at a different level. Some people are great with technology; others know everything about compliance. And sometimes, people don’t want to let others know they’re struggling with a ...

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Contributors

Staying Ahead of the Curve: What’s New in Accounting for 2022?

Despite the upbeat outlook, accounting firms still face challenges in employee recruitment and retention. A shortage of skilled professionals is allowing the best candidates to receive multiple job offers and the ability to command top salaries.

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Contributors

Hiring Remotely? Here’s What You Need to Know

Before 2020, remote hiring was nearly foreign in finance and accounting fields. In-person interviews and meetings — getting face time — was ingrained in the business culture.

Contributors

Workforce 2025: 3 Trends Shaping the Future of Accounting

It’s said that digital transformation is a journey rather than a destination. But it’s not all a smooth, consistent ride, as the pandemic has proven. It was digital technology that was forced into rescue mode as it helped us adapt quickly to ...

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Contributors

Diversity, Equity & Inclusion in CPA Practices: Is Everyone Accounted For?

Savvy accounting leaders understand DEI runs much deeper than demographics, but many still wonder how they can implement lasting change. Whether you manage a small firm or a big department, here’s why diversity matters ...

Contributors

How a Hybrid Work Model Can Help Your Team in the New Normal

The last year-plus has been tough on everyone, so don’t be surprised if your employees are worried about returning to the office — in whatever form it takes. This is where leadership matters. Go to your team with a clear plan and a positive ...

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Contributors

9 Ways Accountancy Consultants Can Benefit Your Small Businesses

To keep costs low and productivity high, businesses must be agile and innovative — particularly during times of systemic disruption, such as a global pandemic. As the COVID-19 crisis has forced accounting firms and departments to refocus their services...

Contributors

Onboarding and Offboarding Employees: Why Getting it Right Matters

In the age of remote working and no-handshake protocols, exemplary welcomes and farewells may seem harder than ever. But just as routines and cultures have changed, so have best practices for orienting new employees, and, as a manager, it’s important...

Contributors

Hosting Video Calls in a Changed Business World

Doing business during a pandemic is a new experience for everyone and there isn’t a rulebook for how to navigate this new normal. Many virtual meetings can be frustrating and ineffective, but with a little thought and preparation they can be made ...

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COVID-19

Finance Employment Trends in the COVID-19 Era

There’s no question that the COVID-19 pandemic has redefined how we work and caused accounting and finance managers to rethink their recruitment, staffing and retention strategies. The changes may have been sudden, but many of them are ultimately ...

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COVID-19

Pandemic-Era Burnout: How to Protect Your Finance Team

The COVID-19 pandemic has made 2020 one of the most stressful years ever for finance workers — and has led to a rise in burnout. Many staff are classified as key workers and have been toiling around the clock to deliver essential services, often with ...

COVID-19

11 Tips for Hiring Remotely

Nobody knows how long the pandemic will last or what will happen next. But firms that have been able to update their hiring processes, harness the full potential of their remote workforce and create meaningful, lasting change can position themselves to...

Contributors

No Pane, No Gain: The Benefits of Windowed Working

Windowed work means breaking up your business day into two or three separate time slots, or windows. Traditionally, this hasn’t been possible. When people have a long commute to the office, it’s not practical to work multiple daily shifts.

COVID-19

The Future of Finance: Hiring Tips And Trends For 2021

From the sudden expansion in remote working to new client service requests, the COVID-19 pandemic has had significant effects on how CPA firms do business. And while many disruptions might be behind us, the aftershocks will rumble on for some time.

Firm Management

Hiring and Managing Paraprofessionals in the Age of Remote Working

As accounting firms refine their business strategies in the wake of the COVID-19 pandemic, it’s likely that paraprofessionals will loom large in their plans. There are few things more important today than an adaptable workforce...

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Contributors

8 Tips for Boosting Morale in Remote Teams

In this new reality, managers need to be mindful of issues particular to remote work that might impact morale, be it a communication breakdown or employees feeling disconnected and isolated. Here are 8 tips for boosting team morale from a distance.

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Home

How Financial Transparency Can Level Up Business for Private Companies

How much financial information do you share with your employees, and should you be sharing more? These are important questions, but up until a few years ago, few private companies were asking them. After all, the SEC doesn’t typically require ...

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Contributors

10 Ways to Become a Better Boss in 2020

Whether you run a small accountancy firm or serve as a manager for an international CPA firm, being in charge is no easy task. So how you can you make sure “that” manager isn’t you?

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Contributors

5 Tips to Prevent Staff Burnout During Tax Season

In the accounting profession’s annual tax marathon, you don’t want your people to hit the wall. Burned out workers will be less focused, more irritable, less healthy, more likely to exhibit negative attitudes and more prone to mistakes.

Accounting & Audit

3 Tips for Redesigning Benefits Packages

In the public accounting field, talent shortages over the past few years have led companies to offer higher pay and additional perks, all of which serve to attract top talent, but don’t always help retain them.

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Contributors

2020 Hiring and Compensation Trends for Accounting Firms

The fierce competition for top accounting talent we’ve been seeing isn’t expected to dissipate anytime soon. Now more than ever, it’s crucial for public accounting leaders to keep a finger on the pulse of the employment market to ensure they can ...

Firm Management

You May Be Overlooking Potential Top Performers When Hiring

To ensure success in an environment where available accounting talent is limited, managers must move away from the idea of a new hire having a perfect resume. Instead, focus on identifying promising candidates who you can develop and who fit your ...

Accounting & Audit

4 Tech Trends Transforming Public Accounting

Public accounting leaders must continue to prepare for the digital disruptions that will inevitably alter almost everything about the way their teams and their clients work. Much of this change will be positive, as breakthroughs help organizations ...

Home

Avoid These 5 Hiring Pitfalls

Employers face hiring challenges in every business environment. Today, however, when the unemployment rate for accountants and auditors is just 1.5%, recruiting difficulties become even more severe.

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Firm Management

5 Tips to Negotiating Salaries to Get the Best Staff

Skilled accountants and auditors are in high demand today, especially CPAs who possess a robust combination of functional, soft and technology skills. This demand, persistent talent shortages and the resulting intense competition for top candidates ...

Firm Management

Successful Succession: 7 Tips for Getting There

The departure of a leader disrupts workflow, productivity and customer service. On the other hand, when you codify processes and ensure someone else has the know-how to take over a role, the firm can weather transitions more smoothly.

Home

How to Quit Your Job Gracefully

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Contributors

4 Tips to Overcome Hiring Challenges & Keep Your Best Staff

Should you become more flexible in the candidates you consider? Or would that be tantamount to lowering standards and settling for mediocrity? The answers are yes to the first question and no to the second.

Contributors

4 Tips to Overcome Hiring Challenges

Recent research shows many organizations are already flexible with their hiring demands. In a Robert Half survey, 84 percent of human resources managers said they are at least somewhat open to hiring and training an employee who doesn't meet the ...

Firm Management

How to Energize Your Tired Employees

Just about every manager has seen it around the office at various times: a symphony of yawns, stretches and unfocused gazes on employees’ faces. Some of your staff likely aren’t getting enough sleep.

Human Resources & Payroll

6 Tips for a Smoother Hiring Process

The resume you’ve dreamed of comes across your desk. This accountant has all the right credentials, the ideal work history and technical skills you like to see. The candidate checks all the boxes. Too good to be true? Do unicorns exist?

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Contributors

The Benefits, Perks and Incentives Workers Want Most

Accounting managers understand the persuasive power of a competitive salary when wooing top talent. But it doesn’t stop there. Benefits, perks and incentives can also be deal-makers. Highly skilled accountants and auditors want a well-rounded package ...

Firm Management

Stop Wasting Time: Do's and Don’ts of Effective Meetings

Meetings are an unavoidable yet fundamental part of life for businesses of all types, including accounting firms. In fact, they probably take up about a quarter of your workday, suggests a recent Accountemps survey.

Firm Management

How to Better Engage Workers in 2019

It’s no surprise when even the most driven professionals find themselves switching off for a few minutes during the workday for any number of reasons, such as fatigue, frustration or a lack of clarity about an assignment. What might be a surprise, ...

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Contributors

5 Ways Poor Performers Hurt Your Accounting Firm

Almost every employee gets off their game at some point in their career. It’s not the end of the world, and the right kind of coaching often will turn around underperformers and get them back to full productivity.

Contributors

2019 Hiring and Compensation Trends for Accounting Firms

One of the effects of a competitive hiring market is skilled accountants and auditors expect higher wages. Forty-six percent of U.S. workers responding to a recent Robert Half survey say they’re underpaid in their current position.

Firm Management

How to Attract and Keep Top Performers in Accounting

Of course employees want to be fairly compensated for their skills and expertise, but they’re also after the things that money can’t buy, according to a recent Accountemps survey. These are the top three factors — besides salary — workers tend to ...

Contributors

How to Leverage Corporate Culture for a Competitive Advantage

If someone asked, would you be able to describe your accounting firm’s corporate culture? This concept is the topic of many a workplace report, but what does it mean?

Firm Management

Why Vacations Are Good For You – and Your Team

Love going on vacation but worried about taking time off? You’re not alone. The majority of workers in a recent Accountemps survey said they typically check in with the office at least once or twice a week during their vacation.

Firm Management

Mentorship Programs: How to Make Them Work for Your Firm

Even though your recent graduates have just spent the last several years preparing for their first job, there’s still so much more they need to know. It can be jarring to go straight from school to the fast pace of a public accounting firm.

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Contributors

How to Really Thank Your Team After Tax Season

Many firms have a bonus structure in place to financially reward employees, but that’s not enough. More than a nice gesture, going above and beyond — much as your workers have done since at least January — when showing appreciation is a must to keep ...

Human Resources & Payroll

6 Ways to Adapt Hiring Practices for Today’s Realities

Public accounting firms require a steady pipeline of auditors, analysts and tax accountants — not to mention specialists in information technology, marketing and business development. Bringing these professionals in, though, is easier said than done. Why?

Contributors

Top 5 Executive Networking Mistakes — And How to Avoid Them

Just because you have an extensive work history does not mean you have a robust circle of professional contacts. And one reason for that deficit is networking mistakes. When you commit these faux pas, you could be losing out on business opportunities, ...

Firm Management

6 Tips for Recruiting Today’s Top Accounting Students

What does your firm do to stand out as a great place for new accounting grads to land? Is your online presence fresh and engaging? Do you show entry-level employees the money? Do you give them room to grow as they progress in their careers?

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Accounting & Audit

6 Tips for Recruiting Today’s Top Accounting Students

Hiring recent graduates has long been a vital part of accounting firms’ recruitment strategies. But it’s also one that’s consistently challenging. Talented college students frequently find they have their pick of employers when they enter the job market.

Contributors

Dos and Don’ts for Tapping Your Team’s Innovative Side

Innovation even affects your ability to hire the best and brightest to your team. An overwhelming majority (87 percent) of professionals in a Robert Half survey said they pay attention to a potential employer’s reputation for being innovative.

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Firm Management

7 Ways to Foster a Winning Firm Culture

No matter if they offer similar services, each business has a different workplace culture. Some firms have a reputation for a relentless pace, whereas others pride themselves on family-friendly policies and programs. Some are known for having fun, ...

Contributors

5 Hiring and Salary Trends for 2018

Demand for accounting professionals remains high, while unemployment for accountants and auditors remains low, below the national average. This is putting pressure on and intensifying hiring competition for accounting firms.

Contributors

7 Tips for Interviewing Job Candidates By Video

With advances in virtual-meeting applications, many companies are turning to the video interview to evaluate job candidates. The format offers firms a host of benefits, including cost savings, access to remote job seekers and speed.

Contributors

6 Strategies for Resolving and Minimizing Staff Conflicts

Ideally, a CPA firm’s management team concentrates most of its time on ensuring clients receive the best possible service and strategizing ways to cultivate new customers. That’s the ideal scenario.

Contributors

6 Ways for Managers to Improve Communication

Your accounting team works hard, and everyone stays in sync most of the time. But every once in a while you wonder why certain tasks aren’t done well or why an employee seems disgruntled. The problem could be you.

Contributors

How to Find the Right Job Candidates and Avoid Failed Hires

To look at the costs of bad hiring decisions, a recent Robert Half study surveyed managers at small to midsize firms. Respondents said they waste an average of 45 hours to hire and onboard an employee who later doesn’t work out.

Human Resources & Payroll

Communicate With Staff for Greater Buy-In

Employee communication is a vital component of your staff management plan, so it’s worth your while to step up efforts in providing staff members with the knowledge they desire. Doing so benefits you as well, as a morale booster and engagement ...

Contributors

Spring Training for CPA Teams

Baseball fans get excited when spring rolls around. It’s the first step of a new season — the moment when everyone sees what your team is made of. Although there are no leagues or playoffs in public accounting, managers still needs to gear up all ...

Firm Management

How Accounting Firm Managers Can Help Their Teams Work Happy

Happiness at work is more important than many managers realize. Content employees tend to be more passionate about company goals, which means stronger performance, a higher retention rate, and fewer resources spent on hiring and training.

Human Resources & Payroll

4 Elements of a Winning Compensation Package

Above-average salaries are often the key to attracting and retaining top performers. But that’s not all. A robust package also includes the top perks many accountants have come to expect — and perhaps even some they haven’t thought of yet.

Contributors

17 Professional Development Ideas for 2017

It’s no secret that a robust professional development program is beneficial for accounting professionals, but managers also reap rewards when they invest in employees. Your workers become more knowledgeable, which means they’re able to contribute ...

Contributors

How to Speed Up the Hiring Process

If you’re having trouble landing highly skilled candidates, you may need to make your hiring process faster and more efficient. Here’s how:

Contributors

How to Prepare Millennials for Leadership Positions

While all generations share some characteristics and goals, millennials self-report specific values, ambitions, experiences and motivators. If you want to develop your millennial staff into finance leaders — or even to recruit and retain the best and ...

Contributors

4 Common Change Management Failures Managers Need to Avoid

In today’s business environment, public accounting firms must be prepared to pivot with speed and agility at a moment’s notice. Changing standards and regulations, emerging technologies, and business risks are just a few of the dynamics managers must ...

Contributors

When, How, (and When Not To) ... Rehire Former Employees

Bringing back former employees can shorten the time it takes to vet candidates, as you already know much of their work history and fit with your corporate culture. As a “known quantity,” you reduce the chances of making a bad hire.

Contributors

Business Leaders Juggle a Host of Demands in Today’s Economy

When chief financial officers (CFOs) in a Robert Half Management Resources survey were asked to rate the level of difficulty their jobs pose now compared to five years ago, 66 percent of respondents said their roles are more challenging today, and 30 ...

Contributors

Recognition After Tax Season: 6 Kudos Staff Will Love

Another tax season is over, and now you can catch your breath. As a manager for a public accounting firm, you may want to take off for a well-deserved vacation. But before you go, be sure to show your hardworking staff some recognition.

Contributors

6 Employee Motivation Tips To Close Tax Season Strong

The home stretch of tax season means heavy workloads and long hours for accountants. This time of year, nerves are frayed and tensions are high. It’s no walk in the park for managers either. In addition to your client load, you’ve got to keep your ...

Contributors

Tips for Hiring, Managing and Retaining Gen Z Workers

Four years from now, Generation Z will represent more than 20 percent of the workforce. Undoubtedly, this cohort of employees — born in the 1990s — will affect your approach to staff management.

Contributors

How Firms Can Develop Compensation Packages to Land Top Talent

With public accounting firms facing increased competition for skilled staff, it’s more important than ever that companies take a strategic approach to recruiting and hiring. Above-average compensation packages can go a long way in helping your ...

Contributors

Staff Succession Planning Is Critical To Accounting Firm Success

Accounting & Audit

Talking Technology: 5 Ways to Keep Your Accounting Team Up to Date

There’s no shortage of challenges in the realm of accounting. But according to a recent Robert Half Management Resources survey, what really keeps accounting and finance professionals awake at night is staying current with changing technology.

Contributors

6 Tips for Tax Season Staffing at Accounting Firms

With tax season looming, now is the time for accounting firms to ramp up their staffing strategy. Determining your needed mix of full-time and temporary professionals — before holiday time-off — will set you on a course for success come 2016.

Contributors

What Accounting Firms Need to Know About Updating Salaries and Giving Raises

If you can’t remember the last time you reviewed your employees’ compensation, it’s been too long. Your staff members know what they’re worth and what the local job market is paying, and so should you. At least once a year, benchmark your firm’s ...

Contributors

5 Hiring and Salary Trends That Will Shape Public Accounting in 2016

Growth indicators for the second half of 2015 are providing a glimpse into the hiring environment for 2016, and it appears the race to attract and retain top accounting talent is only heating up.

Contributors

9 Essential Tips for Managing Remote Workers

While the benefits of greater staff autonomy typically outweigh the potential disadvantages, managers need to adjust their strategies to make things work when team members are offsite. Here are some do’s and don’ts of managing remote workers.

Contributors

Reducing Staff Turnover: How to Recognize and Respond to Retention Red Flags

Accounting and finance professionals with in-demand skills are finding they have many options when it comes to job offers. This is great news for candidates. However, as a manager, you recognize a rosier hiring environment means you have to work harder...

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Contributors

A Post-Busy Season HR Checklist for Accounting & Tax Firms

As your firm emerges from yet another busy season, the last things you want to revisit and mull over are all the long hours and hard work you and your team put in to reach the finish line. But before you officially move on from this intense work period...

Contributors

10 Networking Tips for Accounting Firm Leaders

From regular meet-ups with colleagues to social media, executives of accounting firms have many avenues when it comes to connecting with others and enlarging their circles. Read on for 10 tips on how to get the most out of your networks.

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Contributors

The Cost of a Bad Hire (It’s Not Just Money) - And How to Avoid Bringing One on Board

Making a bad hire can be very expensive to organizations. In fact, research suggests (www.blissassociates.com/html/articles/employee_turnover01.html) replacing an employee who doesn’t work out can cost at least 150 percent of that worker’s salary. Still,

Contributors

7 Staff Management Tips for the Busy Season

Tax season is tough on everyone, but managers need to make a special effort to watch out for the well-being of their teams. It’s critical to prevent burnout and disengagement from jeopardizing morale and productivity.

Contributors

7 Ways to Foster Innovation in Public Accounting Firms

As the new year begins, many managers find themselves evaluating their departments and assessing ways to do things better, faster and cheaper. If fostering an innovative culture is a priority for your company, you’re not alone. Many public accounting firm

Accounting & Audit

Salaries on the Rise for Accounting Professionals

To handle new business, public accounting firms are looking to add to their workforce. Many still need to fill positions left vacant during the downturn and take some of the burden off their current teams.

Contributors

How Small Accounting Firms Can Compete for Top Talent

Most small accounting firms do not have the financial resources to attract workers like the bigger firms do, but that doesn’t mean you’re out of the race. Here are five ways you can beat out even the biggest competitors when hiring.

Contributors

How to Hone Your Soft Skills to Strengthen Client Relationships

As summer draws to a close, kids and young students aren’t the only ones who need to think about heading back to school. Your employees — even your top performers — can become stronger contributors by enhancing their abilities and expertise through professional development opportunities.

Read more

Return to the Office: How to Ready Your Team for the New “Disruption”

Developing Executive Presence Starts Earlier Than You May Think

How to Craft a Remote-Friendly Recruitment and Retention Strategy

How a Learning Culture Can Transform Your Practice

Staying Ahead of the Curve: What’s New in Accounting for 2022?

Hiring Remotely? Here’s What You Need to Know

Workforce 2025: 3 Trends Shaping the Future of Accounting

Diversity, Equity & Inclusion in CPA Practices: Is Everyone Accounted For?

How a Hybrid Work Model Can Help Your Team in the New Normal

9 Ways Accountancy Consultants Can Benefit Your Small Businesses

Onboarding and Offboarding Employees: Why Getting it Right Matters

Hosting Video Calls in a Changed Business World

Finance Employment Trends in the COVID-19 Era

Pandemic-Era Burnout: How to Protect Your Finance Team

11 Tips for Hiring Remotely

No Pane, No Gain: The Benefits of Windowed Working

The Future of Finance: Hiring Tips And Trends For 2021

Hiring and Managing Paraprofessionals in the Age of Remote Working

8 Tips for Boosting Morale in Remote Teams

How Financial Transparency Can Level Up Business for Private Companies

10 Ways to Become a Better Boss in 2020

5 Tips to Prevent Staff Burnout During Tax Season

3 Tips for Redesigning Benefits Packages

2020 Hiring and Compensation Trends for Accounting Firms

You May Be Overlooking Potential Top Performers When Hiring

4 Tech Trends Transforming Public Accounting

Avoid These 5 Hiring Pitfalls

5 Tips to Negotiating Salaries to Get the Best Staff

Successful Succession: 7 Tips for Getting There

How to Quit Your Job Gracefully

4 Tips to Overcome Hiring Challenges & Keep Your Best Staff

4 Tips to Overcome Hiring Challenges

How to Energize Your Tired Employees

6 Tips for a Smoother Hiring Process

The Benefits, Perks and Incentives Workers Want Most

Stop Wasting Time: Do's and Don’ts of Effective Meetings

How to Better Engage Workers in 2019

5 Ways Poor Performers Hurt Your Accounting Firm

2019 Hiring and Compensation Trends for Accounting Firms

How to Attract and Keep Top Performers in Accounting

How to Leverage Corporate Culture for a Competitive Advantage

Why Vacations Are Good For You – and Your Team

Mentorship Programs: How to Make Them Work for Your Firm

How to Really Thank Your Team After Tax Season

6 Ways to Adapt Hiring Practices for Today’s Realities

Top 5 Executive Networking Mistakes — And How to Avoid Them

6 Tips for Recruiting Today’s Top Accounting Students

6 Tips for Recruiting Today’s Top Accounting Students

Dos and Don’ts for Tapping Your Team’s Innovative Side

7 Ways to Foster a Winning Firm Culture

5 Hiring and Salary Trends for 2018

7 Tips for Interviewing Job Candidates By Video

6 Strategies for Resolving and Minimizing Staff Conflicts

6 Ways for Managers to Improve Communication

How to Find the Right Job Candidates and Avoid Failed Hires

Communicate With Staff for Greater Buy-In

Spring Training for CPA Teams

How Accounting Firm Managers Can Help Their Teams Work Happy

4 Elements of a Winning Compensation Package

17 Professional Development Ideas for 2017

How to Speed Up the Hiring Process

How to Prepare Millennials for Leadership Positions

4 Common Change Management Failures Managers Need to Avoid

When, How, (and When Not To) ... Rehire Former Employees

Business Leaders Juggle a Host of Demands in Today’s Economy

Recognition After Tax Season: 6 Kudos Staff Will Love

6 Employee Motivation Tips To Close Tax Season Strong

Tips for Hiring, Managing and Retaining Gen Z Workers

How Firms Can Develop Compensation Packages to Land Top Talent

Staff Succession Planning Is Critical To Accounting Firm Success

Talking Technology: 5 Ways to Keep Your Accounting Team Up to Date

6 Tips for Tax Season Staffing at Accounting Firms

What Accounting Firms Need to Know About Updating Salaries and Giving Raises

5 Hiring and Salary Trends That Will Shape Public Accounting in 2016

9 Essential Tips for Managing Remote Workers

Reducing Staff Turnover: How to Recognize and Respond to Retention Red Flags

A Post-Busy Season HR Checklist for Accounting & Tax Firms

10 Networking Tips for Accounting Firm Leaders

The Cost of a Bad Hire (It’s Not Just Money) - And How to Avoid Bringing One on Board