With the skills shortage in Australia brewing for a number of years, it’s now reached boiling point with an increase in staff poaching within the mid-tier sector. The Australian Financial Review reports poaching is on the rise and this is bad news for mid-tier firms....
Team Leadership
Updates on team management including engagement and coaching strategies
How to motivate your team members
by Ed Chan | Jan 12, 2023 | Practice Management, Team Leadership
"To scale your business, you must have deep and narrow teams" Over the years, we've found that the best way to motivate my team is to focus on productivity. Although team-building activities and treats are always appreciated, they only temporarily boost morale. What...
Is retention more important than recruiting?
by Boobalan MAdhavan | Jan 3, 2023 | Practice Management, Team Leadership
The struggle in the current job market is clearly not because of lack of jobs but these are attributed to lack of job applicants and applicants not possessing the expected experience and training. What matters more: retention or hiring? There's no simple answer to it....
Challenges faced by accounting firms and ways to overcome them
by Boobalan MAdhavan | Nov 7, 2022 | Featured Articles, Practice Management, Team Leadership
31% of employing companies are facing difficulty finding appropriate staff. Enterprises are facing a tough time recruiting people. Staggering turnover rates, tough competition for hiring local talent, and infrastructure costs are a few among may recruitment challenges...
Does your accounting firm have a Chief Metaverse Officer (“CMO”) or an office in “the Metaverse”?
by Rob Pillans | Jul 5, 2022 | Practice Management, Team Leadership
As an accounting firm coach, mentor and consultant I consume content from Australia and around the world to keep up with developments affecting the profession. I was listening to a podcast from the USA recently and on it the host was interviewing the “Chief Metaverse...
Right and wrong reasons to start outsourcing
by Boobalan MAdhavan | Dec 6, 2021 | Practice Management, Team Leadership
Outsourcing can bring a ton of good for your team and your business goals. There are a few reasons that could be less than ideal to choose outsourcing. 1. You see outsourcing more as a cost cutting measure Outsourcing does help reduce costs. If you are outsourcing for...
Is the Great Resignation a real thing or just hype?
by Rob Pillans | Nov 17, 2021 | Team Leadership
Most accounting firm owners and managers will have spotted quite a bit of chatter in various media regarding something called “the great resignation”. So what is it, is it real and should accounting firms be worried? What is it and is it real? The term has its origins...