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When your practice is growing where do you add new resource? Senior? Junior? Support? As a partner in a large firm, who ran a team that expanded considerably over the 18 years I was, a recent article by Ryan Lazanis of Future Firm in Canada really resonated. In his article he challenges practice owners and practice managers to be strategic over who to hire next. If your practice is expanding this is 5 minutes well spent!
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.
Ryan Lazanis was an early adopter of the on-line firm in 2013 with Xen Accounting – which in 5 short years he developed to a size it was acquired by a large European corporate services firm. Ryan then started Future Firm to help other accounting firms fast track their own scalable firm.
About the Authors
Giles Pearson FCA was a PwC Partner for 18 years before jointly setting up Accountests.
Steve Evans has a whole career dedicated to enabling employers to attract, recruit, develop and retain talented individuals and teams, with particular expertise in candidate testing and assessment before setting up Accountests.
Accountests deliver the world’s only online suite of annually updated and country-specific technical knowledge tests designed by accountants for accountants and bookkeepers.