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Does Your Accounting Firm Really Need to Hire?
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Geoff Bruskin
Does Your Accounting Firm Really Need to Hire?
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“We can’t find any good help.
The talent just isn’t out there.”
The talent just isn’t out there.”
We hear this commonly from our accounting firm owner clients. While the need for qualified accountants is dire in the sector, adding staff may not always be the best solution. Consider these points for assessing whether you need to hire, or optimize your existing team:
Assessing the Need for Expansion
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Begin with a workload analysis. Is your current team consistently operating at or near full capacity? Are they able to manage their responsibilities effectively without becoming overwhelmed?
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Consider the demand from your clients. Has there been a noticeable increase in requests or services, indicating a need for additional manpower to maintain high-quality service levels?
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Assess whether your firm needs specialized expertise or skills that are currently lacking in your team. New staff may be required to meet client demands for specific services.
Reorienting Existing Talent
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Evaluate the potential for upskilling your current staff through training and development programs. Investing in your team’s growth can lead to enhanced capabilities and expanded service offerings.
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Reevaluate job roles and responsibilities within your firm. Are there opportunities to redistribute tasks or restructure teams to optimize efficiency and productivity?
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Consider offering clear and concise career trajectories within your firm. When employees see a path for growth, they may be more motivated to expand their skills and take on new responsibilities.
Balancing Act
In many cases, the optimal approach involves a combination of both adding new staff and reorienting existing talent. This balanced strategy can help meet immediate needs while also building a sustainable long-term foundation for growth.
At White Tiger Connections Inc., we understand the complexities of staffing decisions in the Public Accounting sector. If you’re uncertain about whether to add staff, reorient existing talent, or implement a combination of both, out team can help!
Questions?
Complete this form, and someone from our team will be in touch.
We look forward to hearing from you!
