Industry Insights

The blog promotes a webinar aimed at improving the hiring process for accountants, focusing on using objective evidence and validated tests to make better hiring decisions

A typical hiring process that incorporates AI tools like ChatGPT for drafting job descriptions and refining resumes and cover letters. The process begins with the creation of a job description, followed by advertising the job and receiving applications, some of which are enhanced by AI. This leads to variable quality in applications.

The balance of power in hiring has shifted towards candidates who are likely to receive multiple offers. To attract top talent, firms must not only implement these strategies but also communicate them effectively. Engaging existing employees to understand their needs can help both in recruiting new talent and retaining current staff.

Explore the advantages of incorporating pre-employment assessments in accounting and bookkeeping firms' hiring practices. Research indicates that candidates who perform well in assessments are more inclined to complete them, enabling firms to pinpoint high-quality applicants efficiently, thus enhancing the hiring process.

Integrity is a non-negotiable trait in accounting, laying a trustworthy foundation for success, enabling expert conflict resolution, fostering sound decision-making, and promoting a positive team culture. Making it a central criterion in your hiring process not only ensures smooth business operations but also safeguards your company's reputation

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Explore the importance of background screening for CPA firms in this insightful article by Chris Cooley from MyHRScreens. Learn how thorough checks can mitigate risks, verify credentials, maintain trust and credibility, create a safe working environment, and prevent corporate fraud, ultimately securing a firm's reputation and client trust.

Discover how AI is set to impact the education of accountants in this thought-provoking blog. With questions raised about the role of technical knowledge and communication skills, the author proposes changes to the educational system to adapt to the rise of AI and suggests that those who embrace these changes will be in high demand

This informative blog provides a practical model for demonstrating the cost of a bad hire in public accounting and offers tips to avoid making one. Drawing on 25 years of experience, the author emphasizes the importance of hiring with a purpose, mastering the art of interviewing, verifying beyond the resume, emphasizing team compatibility, and swift decision-making.

As businesses face a growing demand for experienced and reliable financial guidance, accounting firms are striving to offer more advanced, personalized services such as Virtual CFO and Virtual Controller. Find out how to make sure new and existing hires have the knowledge and experience to offer these services to your clients.

Ryan concludes that accounting firms should treat new hires like any other investment decision – what is the ROI, especially in terms of the tasks this new person will be able to take off the firm owner.  This will likely sway decision making more towards hiring senior rather junior than might otherwise have been the case. Taking the strategic view might result in a different decision than initially considered.

When used effectively, phone-interviews bring all the benefits of identifying the best candidate for the role, without the current risks and expense of bringing candidates in from all over and organizing the resources to accommodate interviews and candidates.  However, they also bring the considerable risk of missing out on great candidates when run ineffectively.