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​In Pursuit of Profit

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

10/31/2023

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RECRUITING MARKET REPORT - OCTOBER 2023

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

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10/23/2023

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Navigating the Talent Shortage in Accounting

 
It’s no secret that there are fewer accountants these days, but what is less obvious from the outside is what kind of an impact this is having on accounting work as we know it. Time and again my colleagues and I are seeing the accounting talent shortage have real implications on the industry.
navigating-the-accounting-talent-shortage
An empty workstation with a spotlight on it – shedding light on the talent shortage.
​I’ve seen many clients struggle to find accounting help over the last two years across all employment levels – from bookkeeper all the way through CFO. I’ve seen new hires simply not show up for their first day without any notice. I’ve seen new employees resign less than a month after starting for other opportunities or just to leave a work culture they don’t like. Workforce expectations have shifted dramatically over the past five years and employers are struggling to fill open positions amid these changes. In fact, Manpower surveys indicate that 75% of employers report difficulty in finding skilled accounting talent. 

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10/18/2023

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How to Build an Accounting Succession Plan

 
What will it look like when your accountant leaves? Will it cause a sudden upheaval?
​
Hopefully, when your accountant leaves they will go about it the right away – respectfully communicating their intentions clearly, giving sufficient notice, handing off responsibilities smoothly, and leaving on good terms. 
build-an-accounting-succession-plan
Corporate succession planning concept.
However, you can’t guarantee that the process will go this well. Sure, you can communicate that you expect employees to bring this kind of tact to the transition, but you cannot control their timing or actions during the process (and sometimes neither can they depending on the circumstances involved!). Instead, you need to have a formal succession plan in place to safeguard the business against the kind of disruption that can happen when an accountant leaves unexpectedly. 

The time to get ready is now!

Plan for your accountant’s departure before you need to do it so you can be properly prepared.​

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10/12/2023

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How to Evaluate and Convey your Salary Expectations to Get the Money You Want!

 
Money. Compensation. Salary and benefits. Whatever you call it – it’s one of the main reasons why we all work. For some, it is the top motivator. For others, it is further down the list. But there’s no denying it’s a hugely important part of deciding whether to accept an offer. So then, why don’t we discuss it more when looking for a job? 
how-to-evaluate-and-convey-your-salary-expectations
​A sign that reads, “What are your salary requirements?” next to a pile of cash.
​I wager many of you have gone through this scenario: You find a job that sounds great and start the interview process. Before you know it, you’re multiple interview rounds in (possibly even to the offer stage) and then you find out that the compensation isn’t a fit. You’ve wasted your time, and the company has wasted theirs.
​
Scenarios like this are why it is imperative to get clear on compensation expectations and details early and often in a job seeking process to avoid wasting time. So, how should you think about money in your job search?

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10/4/2023

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How Often Should You Hear from Your Accountant?

 
Is no news good news? Or is that a sign that your accountant isn’t spending enough time overseeing your business?
​
There are two camps of thought when it comes to talking to an accountant:
Picture
A businessman cannot get a hold of his accountant on the phone.
  1. If I don’t hear from my accountant, that means everything is fine and I shouldn’t worry.
  2. If everything was going fine, my accountant would want to tell me. So, if I don’t hear from my accountant, something must be wrong.

From our experience, clients seem to believe one of these perspectives wholeheartedly – there’s very little in between. And yet, neither is entirely right.
​
On the one hand, if you never hear from your accountant, that’s a troubling sign because you can’t be sure what they’re even doing on behalf of your organization. This kind of communication gap removes accountability, creating the opportunity for underperformance, mistakes, and even fraud to occur. However, hearing from your accountant constantly means they are spending their time talking to you instead of doing the work you have hired them to do, which is problematic (not to mention wasteful). Neither is a desirable scenario!

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