Industry Insights

In public accounting, hiring the wrong person doesn't just lead to financial loss—it causes partner stress and harms team morale. Drawing on 25 years of experience, the blog introduces a Bad Hire Calculator, which helps firms quantify the true cost of hiring mistakes based on specific internal practices (e.g., use of recruiters, firing timeline).

The author recounts a time during a hectic work period—managing a large team, under intense deadlines—when they were told to "just find another body" to help out. With no time to spare, they selected an internal employee based purely on availability and a brief chat with their manager (who was all too eager to let them go). The result: a hasty, unstructured hiring decision with lasting regret.

This blog emphasizes the importance of creating a standout first impression to attract and secure top accounting talent, even when the job itself is similar to others on the market. It outlines three simple, zero-cost steps to set your firm apart.

The accounting industry faces a major talent gap, with too many open positions and too few qualified professionals. Retention is becoming as crucial as recruitment, but some firms are pulling back from diversity, equity, and inclusion (DEI) efforts due to political pressures. This move risks alienating key talent, particularly women and underrepresented professionals, who are already underrepresented in leadership roles.

The Staffing Strategies report from the Center for Accounting Transformation highlights key challenges and solutions in closing talent gaps within accounting firms. While many firms acknowledge burnout due to high workloads, they also believe they maintain strong team collegiality. To address staffing shortages, firms commonly rely on hiring, offshoring, demand management, and technology.

The blog emphasizes that pre-employment tests must comply with anti-discrimination laws to avoid legal and reputational risks. Following the EEOC’s best practice guidelines helps ensure that testing processes are defensible against any claims of bias.

This blog discusses best practices for hiring university and college graduates, particularly in accounting and bookkeeping. Since graduates often lack extensive work experience, employers must assess their potential through testing.

Top accounting firms excel by aligning their hiring practices with strategic goals, focusing on candidate-centric job ads, leveraging employee referrals, and using data-driven tools like skills tests and structured interviews. A comprehensive approach that includes tailored onboarding and ongoing development helps firms attract, hire, and retain top talent while minimizing costly hiring mistakes.

The blog emphasizes the importance of testing and assessment in hiring decisions, particularly for support-level roles that are often overlooked despite their significant impact on business operations. While businesses commonly invest in assessments for middle-level roles (e.g., managers, accountants), and sometimes neglect higher-level roles due to overreliance on track records, they rarely assess support staff, citing cost concerns.

The blog discusses the value and ROI (Return on Investment) of pre-employment testing, addressing why many firms are hesitant to adopt it due to challenges in measuring its benefits. It highlights insights from Dr. Steve Blinkhorn, who breaks down the key factors that influence the ROI of testing.

Employers can integrate these tests into hiring processes, combining them with skills and personality assessments to build a complete candidate profile, ensuring informed and confident hiring decisions. Trial options are available for interested firms. Happy hiring!

In today's tight labor market, transparent interviews are gaining attention as a fair and consistent method to evaluate candidates. Transparent interviews provide candidates with questions in advance, allowing them to showcase their suitability for the role. Explore how transparent interviews can enhance your hiring process by allowing for better-prepared candidates and more accurate assessments of their fit for the job.