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​In Pursuit of Profit

Read our expert article below or sign up to get articles sent to your inbox.​

5/22/2023

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Using a Coaching Approach to Retain Financial Leaders

 
A guest article from our partners at CFO Selection
The importance of retaining financial leaders cannot be underestimated. Financial profits, increased grants, GAAP and SOX 404 compliance, clean audits, and accurate 990s all require strong financial leadership and competent staff. 
using-a-coaching-approach-to-retain-financial-leaders
People being pulled in towards a magnet.
However, pay for performance based on the achievement of these targets is no longer adequate in the post-COVID pandemic world to acquire and retain skilled financial staff and leaders. 

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5/18/2023

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Recruiting Market Report - May 2023

 
Find out what we are hearing from candidates and clients and get our predictions for the future of the hiring market in the May 2023 edition of The ASP Team Market Report:
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Quinn Finnigan - Recruiting Services Leader
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Joss Stokke - Recruiting Practice Leader

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5/15/2023

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10 Things the Best Accounting Recruiters Will Tell You

 
​When you need someone to help you hire an accountant, how will you find the right recruiting company?
​
Recruiters that specialize in accounting and finance are a great place to start. 
10-Things-the-Best-Accounting-Recruiters-Will-Tell-You
Job search candidates.
Using a company with a niche financial recruiting focus ensures that they will understand the specifics of what you are looking for and have a pipeline of qualified job seekers to tap into. Furthermore, accounting and finance recruiters are more likely to have access to the right kind of connections to approach candidates that are not necessarily actively looking for a new role but would be open to the possibility of making a change.

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5/8/2023

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The Future of Accounting: Will Accountants Go Extinct?

 
According to a recent study, 53% of accountants are not sure they will stay with their current employer over the next year, and of those, 65% are not sure they even want to stay in accounting. 
The-Future-of-Accounting
Future of accounting concept: a human hand touching a digital screen.
These figures should be a real wake up call for accounting managers and their employers, especially at a time when the pipeline of students pursuing accounting degrees is drying up as well. 

If accounting does not change as a profession soon, we may continue to see the numbers of accountants dwindle. The accounting pool keeps getting smaller and smaller. So, what’s next? Could it be extinction?

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5/1/2023

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What is it Costing You to Have a Vacant Seat?

 
Currently, there are 2,830 open accounting positions and 1,923 finance open positions listed on Indeed in the State of Washington. According to a 2021 global study, by 2030 the projected cost of the ongoing talent shortage could reach $8.5 trillion in unrealized annual revenues. 
cost-of-vacancy-hiring-analysis
A vacant seat with a magnifying glass over it.
That figure is staggering but let's focus on your individual calculation. There are many different ways to calculate Cost of Vacancy (COV), but it’s not just the dollars and cents of salaries and benefits that need to be considered (although that is certainly at the forefront of hiring managers’ minds). You can also put real numbers behind morale, burnout, turnover, overtime, and the overall attitude of an accounting or finance department.  

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