Posts Tagged ‘career advancement’
Building Your Bench For Succession
Thousands of firms are working through the succession and retirement of senior partners and deciding along the way whether or not they can pull it off internally and stay independent. The single most important factor for success is what we see when we look over our shoulder – is the bench of people there to…
Read MoreCan You Afford to Buy-out the Retiring Partners of Your Firm?
Many firms are struggling with the prospects of paying retirement buyout payments for their senior partners who will be retiring in the next few years. In some cases, several partners will be receiving retirement buyouts simultaneously. The financial burden can seem daunting. As we have emphasized in earlier blogs, make sure you first have the…
Read MoreThe Chairman of PwC – Insight On Engaging The Millennials
Bob Moritz, the Chairman of PwC, in an article via Harvard Business Review, talks about how the firm has changed and what they must now do to engage (and retain) their young, Millennial workforce. I have been attempting to help CPAs better understand Millennials for almost a decade and I believe that many CPA firm leaders have embraced…
Read MoreThe Concept of Privilege
Recently in working with a group of senior leaders in an accounting firm, one of the baby boomer white males said to me: “I have learned in my journey of understanding regarding diversity in our profession that I was born on third base, yet all my life I have thought I hit a triple”. This…
Read MoreYou ARE Better Off Without Them!
I am writing this blog to firm leaders. I don’t know how many times I have had Managing Partners or Executive Committee members share a story of a poor performing and/or poor behaving partner that they have let go. Inevitably in the conversation, they will say, “We had all of these reasons why we couldn’t…
Read MoreDuring Change – Seek First to Understand
Boomer Consulting embarked on an adventure this year to move many of our technology platforms to cloud-based solutions that would work collaboratively together. It literally changed everything about how we work – from our processes to training on systems, and changing work habits for each of us. Let’s just say, it has been rough on…
Read MoreReluctant Leadership?
Partners often tell me that one of their number one succession concerns is who will ascend to partner. The perception is that “there is no one interested in becoming a partner these days.” Yet, when I talk to managers and senior managers (and even staff!), they are interested, but they don’t really know what means…
Read MoreAs A Leader, You Worry About Others – But Don’t Forget About Yourself
Whether you are an actual owner, principal, firm administrator, marketing director, HR director or a talented up-and-comer inside your CPA firm, the fact that you are reading this blog means that you deeply care, and worry about the firm, the client and your team members. But what about YOU, personally? Many of us in CPA firm management are…
Read MoreFlexibility- Not Just About Part Time Work Schedules
Flexibility?? …Been there done that? Or that won’t work here…our customers and clients are too demanding? Do these comments sound familiar? Read on to learn how flexibility may not be what you think. Building flexibility into a work culture impacts so much more than your employee’s intention to stay and contribute their very best to the organization. While…
Read MoreDon’t take things from other people.
I thought I learned that as a kid, but apparently I didn’t. In this all too true story about the early years of my accounting practice, I took things from other people without realizing it and ultimately of course I paid the price. As you read this, consider if you’ve unwittingly taken things from others.…
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