Archive for the ‘Generations’ Category

Wednesday, August 15th, 2018

We Are Like Family – Maybe Not

“What people really want advice on is the interpersonal weirdness that comes with having a job.” – Alison Green

As I read an article via The New York Times – Your Workplace Isn’t Your Family (and That’s Ok!), I definitely thought about how the article should be read by many of you working inside accounting firms.

The article is an interview with Alison Green, author of a book titled: Ask a Manager: How to Navigate Clueless Colleagues, Lunch-Stealing Bosses, and the Rest of Your Life at Work.

I have heard it over and over from firms of varying sizes over many years – “we are like family.” I have always struggled with this topic. I have seen it used to avoid difficult conversations and to justify continuing to employ a poor performer over a long period of time. I have also seen it used to make unreasonable demands like working unreasonable hours and even seven days per week.

As you work at your accounting firm, always remember that this is business, not family, no matter what some people might think.

From the author: I want people to know it’s all right to treat work like work. We’re being paid to be there, and most of us wouldn’t show up otherwise. We don’t need to pretend that’s not the case.

Employment, underneath it all, is a contractual situation. It is a transaction:  I pay you and you do the work. You pay me and I do the work.

Be sure to read the article/interview.

  • There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
  • Colin Powell

Tuesday, July 31st, 2018

Hiring of Accounting Graduates Is Down

“To improve is to change; to be perfect is to change often.” – Winston Churchill

How will this affect your CPA firm?

Bob Dylan’s theme “The Times They Are A-Changin’” continues to apply to the CPA profession.

Acctg grad hiring down

  • If you don't like something, change it. If you can't change it, change your attitude.
  • Maya Angelou

Thursday, July 19th, 2018

Beware of Helicopter Parents

“A suburban mother’s role is to deliver children obstetrically once, and by car forever after.” – Peter De Vries

Fall recruiting season is fast approaching. Your recruiting team will be on college campuses for job fairs, networking events and interviews. Beware of helicopter moms. They have been spotted roaming the halls of accounting job fairs gathering intel for their student.

Over the last several years, I have heard more and more stories about helicopter parents (almost always Moms) getting involved in the job search and actual hiring of their children by accounting firms. I know, many of you will say this is unbelievable! It’s not. It happens.

It probably begins when their younger teenager gets their first job. Maybe that first job is a fast food chain or a summer job at the local pool. Moms are protective and they check things out.

Here’s a great, short story from Suzanne Lucas @RealEvilHRLady. You’ll love the title of her post: Dear Moms, Do You Want Your 35-Year-Old Living in Your Basement? Because This Is How You Get That.

Check out this amusing video in one of my previous posts.

  • Some mothers are kissing mothers and some are scolding mothers, but it is love just the same, and most mothers kiss and scold together.
  • Pearl S. Buck

Thursday, June 7th, 2018

Important Survey

“We are drowning in information but starved for knowledge.” – John Naisbitt

My friends at ConvergenceCoaching®, LLC, are committed to helping firms succeed through the adoption of NextGen strategies, including flex. They are seeking participants in their Anytime, Anywhere Work™ Survey 2018.

The goal of this survey is to collect data on the adoption of flexible work programs (Anytime, Anywhere Work™ programs) by public accounting firms and the experiences firms have had with these initiatives.

Follow the link to find out more and please consider participating in the survey. The survey is open through June 15. By participating you will receive a copy of the survey results.

  • It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts.
  • Arthur Conan Doyle

Wednesday, May 30th, 2018

Young CPAs – Start Sooner!

“Life is short, and it is here to be lived.” – Kate Winslet

If you are not a young CPA – I hope you share this blog post with young CPAs.

You are fairly new to your CPA career. You graduated with a history of good grades. You landed an entry-level job, right out of college, with a prestigious, growing public accounting firm.

Major accomplishment: You passed the CPA exam and are now a twenty-something CPA – congratulations, you have the momentum going for you!

You have been working on a variety of client engagements. You may be focused on tax and you may be focused on the audit side of things. You might be in a small to mid-size firm and have the opportunity to work in both areas and will probably soon declare your future focus.

You are focused on the work. You are getting better and better at the work. It seems the partners are happy with your technical abilities and the way you complete the work.

Wait! There is so much more to becoming a successful CPA than just knowing how to do the work. You must be:

  • A great conversationalist
  • A “reader” of people
  • An interesting dinner (or lunch) companion
  • A good speaker
  • Known as a “professional”
  • A contributor to your community
  • Good at time management
  • Good at motivating other people
  • Good at setting the perfect example for subordinates and peers
  • Thinking about the future
  • Able to change and evolve with the times and influence the firm to do so
  • And more – –

Don’t wait years and years to get started on this list. Learn the success skills as you are learning the technical skills. Life is short – get busy!

 

  • Life is short and the older you get, the more you feel it. Indeed, the shorter it is. People lose their capacity to walk, run, travel, think, and experience life. I realize how important it is to use the time I have.
  • Viggo Mortensen

Monday, April 30th, 2018

Abusing Technology

“I have so much I want to do. I hate wasting time.” – Stephen Hawking

Baby Boomer Partners complain:

Many of our staff are just looking for a job, not a career. They want to work 8:00 until 5:00, five days a week. Even while they are at work, they waste so much time on social media, texting their family and friends, and shopping on Amazon.

Millennial Staff complains:

Some partners send me emails at midnight. They also send me emails on weekends and sometimes at 5:00 a.m. I am expected to reply and it seems like I am on call 24/7.

Technology enables us to do so many things more quickly. It also allows us to use a lot of time we should be working on personal endeavors or to intrude on people’s personal time inappropriately.

Instant communication is not always a good thing. This might be a good discussion topic for a lunch and learn session. “How are we abusing the use of technology?” “What do we owe each other, as employer and employee?”

  • There's no good way to waste your time. Wasting time is just wasting time.
  • Helen Mirren

Wednesday, April 4th, 2018

Define Your Firm’s Purpose – It Is Very Important to Young Workers

“People don’t buy what you do; they buy why you do it. And what you do simply proves what you believe” – Simon Sinek

In the past, when I have facilitated partner and management team retreats, I have urged them to focus on Purpose. Firm leaders struggled for years in defining their firm’s mission, vision and core values. A firm purpose was something new to most partner groups.

Firm leaders haven’t really thought about the difference between mission and purpose. A Mission is what you are trying to do and Purpose is why you are doing it.

Per a recent article via Fast Company – As Simon Sinek notes in his bestselling book Start with Why, most people know what an organization does, but few know why they do it. In other words, most purpose-driven leaders can articulate their mission–but many mission-driven leaders cannot articulate their purpose.

The article is titled: Want A Purpose-Driven Business? Know The Difference Between Mission And Purpose Young people want to work for a purpose-driven business but your purpose has to be something more than just rephrasing your business model.

There are some great tips in the article on steps you can take to connect with the WHY and purpose behind what you do.

Make this a topic of this year’s partner retreat.

  • There are only two ways to influence human behavior: you can manipulate it or you can inspire it.
  • Simon Sinek

Tuesday, March 20th, 2018

The Truth About Your Legacy – An Important Message From Alan Weiss

“Just because you are over 50 it doesn’t mean you are finished.” – Alan Weiss

I am sure many of you are aware of Alan Weiss. If not, read his full bio here. When I began my consulting activities many peers recommended the first thing I should do is read his book, Million Dollar Consulting.

When I recently read the description of his new book, it definitely caught my attention. I believe many CPAs should definitely be building their legacy now. The title is, Threescore And More Applying the Assets of Maturity, Wisdom, and Experience for Personal and Professional Success.

Here is Alan’s message:

In our 40s, most of us are tied to a career that requires considerable investment to nurture and sustain. We overlook the legacy that we are—or are not—creating daily.

“Legacy” is not only what we leave to those we love when we’re gone. Our legacy is actually a daily contribution to others, and our duty is to keep adding to and improving it.

It’s poor planning to try to enhance our corporate performance the day prior to a promotion decision. It’s ridiculous to try to create a particular, lasting impression for others on your deathbed. And it’s insane to think that you can change your relationship with family on the eve of a marriage, divorce, or departure.

Are we all in agreement? The last minute doesn’t work.

We mistakenly look to the distant future for our “legacy” to take shape. But the fact is that each day we write a new page in our growing autobiography. The question is, how interesting and appealing is the book? Or is it filled with boring pages and repetitive chapters?

The horizon is closer. That distant line demarking the border of sea and sky has become more delineated, more visible, more imposing. We still have room between us and the horizon, but we realize every day there’s less of it. There’s less time. Because in our 40s, most of us have already lived far more than half of our productive life.

We go from thinking “there’s plenty of time” to “there’s still time, but for what?” We’re all familiar with the adage that no one on their death bed wishes they had spent more time in the office. But what we don’t acknowledge is that most people don’t fear death so much as they regret the things they never got around to doing.  

That’s why our book has to have new pages daily, new chapters monthly. We can’t stop the approach of the horizon, but we can fill the distance with meaningful productivity and contribution.

With Threescore and More, discover what you can do to create your legacy while the horizon is still in view. Here’s how to increase your power, not surrender it; how to improve your influence, not diminish it; how to utilize your experiences in the future rather than pine after them in the past.

Each day you have left is an opportunity to write a new page in your story.

Order before April 8, 2018 for special bonuses.

P.S. Remember—You can always make another dollar, but you can never make another minute.

© Alan Weiss 2018

 

  • Ageism is too often an accepted form of bias, even though the facts support the value of aging.
  • Alan Weiss

Wednesday, March 7th, 2018

Want To Be More Profitable?

“A part of kindness consists in loving people more than they deserve.” – Joseph Joubert

Per Paul Epperlein of ADP:  Organizations with high employee engagement experience 22% higher profitability.

This is a big statement that applies to your firm. Do you really have employee engagement? You might think you do because you offer free coffee and soft drinks. You offer 9 or more holidays. You have an attractive lunch room with lots of amenities. You have a relaxed dress code and many other little things that make a big difference.

But… also per Epperlein: 60% of people leave their job due to a lack of relationship with their front line manager.

People like to feel connected to the people they work for. They want to feel like they are noticed, included and cared about by their boss.

How good are your firm’s partners and managers at building and nurturing caring relationships with your people? You might want to focus on that more this year. Make it a performance expectation.

  • The simple act of caring is heroic.
  • Edward Albert

Friday, February 16th, 2018

Don’t Discount Older Workers

“The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.” – Aldous Huxley

This is a reprint of an article I received and was given permission to use. I think it is important. Accounting firms are always looking for talented people but most hesitate to even consider an older person.

3 Reasons Why Hiring Older Employees Is A Smart Decision

In the 2015 movie The Intern, Robert DeNiro starred as a 70-year-old widower who returns to the workforce as an under-appreciated and seemingly out-of-step intern working for a young boss played by Anne Hathaway.

Initially, Hathaway’s character can’t quite relate to this baby boomer who ditched retirement out of boredom, but by the film’s finale, she comes to appreciate his skills and experience.

In real life, you’re unlikely to encounter many septuagenarian interns, but it’s not unusual for people to re-enter the labor market or launch new careers when they are well into what was once considered retirement age.

And that can be good for businesses that are willing to take advantage of all those decades of hard-earned experience, says Andrew Simon, a partner in Simon Associate Management Consultants (www.simonassociates.net) who himself is in his 70s.

“Starting a new career after 60 is not for everyone,” Simon says. “But it can be rewarding for those with energy and commitment levels that are high, and who are willing to learn new skills and keep up with the constantly evolving technology.”

The question is whether businesses will balk at hiring workers who, in many cases, are old enough to be the parents of the people supervising them. Sure there are downsides, Simon says, but the upsides can be tremendous when it’s the right fit for the right person.

He says a few things businesses should keep in mind as they weigh whether to hire older workers include:

  • Experience counts. Baby boomers come to the table with a whole set of experiences, including 30 or 40 years of interpersonal people skills that make them more adept at dealing with unique situations or different types of people. “On the flip side,” Simon says, “some of them could lack the technical skills that we take for granted in today’s workforce. So, be careful what you are asking them to do.”
  • Self-motivation. The odds are older employees will be self-motivated. “If these potential workers would like to join an organization or start a new career after 60, they probably like the idea of work,” Simon says. “They need to do something every day. Perhaps they view their job as intellectually stimulating.” You do need to make sure of their motivation, though, he says. If they’re just working for a paycheck, that might not cut it.
  • Different age groups have their own behaviors. Baby boomers often have a very different set of values than millennials. “Different things motivate them,” Simon says. “The culture of an organization is very important and can be tricky. You want to make sure these older workers have an opportunity to thrive in your new environment.” While it’s best to avoid stereotyping the generations too much, in general, baby boomers tend to be productive, loyal to the company, willing to put in long hours to get the job done and prefer to have conversations in person.

“Companies that pass on hiring older workers risk missing out on people who could become some of their most valuable employees,” Simon says. “Age shouldn’t be the issue. Instead, as with any hire, the issue is what skills and experiences each of these people can bring to the workforce.”

About Andrew Simon

Andrew Simon, a partner in Simon Associate Management Consultants (www.simonassociates.net), has had a 50-year career as a senior executive. He founded and ran Questar Assessment Inc., the fifth largest K-12 summative assessment company in the U.S. As a serial entrepreneur, Simon also developed and ran businesses in real estate development and did start-ups inside larger corporations, such as Citibank, Bankers Trust, Norcliff-Thayer and Lederle Labs. Earlier in his career, he was part of a team that launched L’Oréal into the consumer products arena. Simon also is a trained and certified Innovation Games® facilitator and has conducted more than 50 client engagements using Innovation Games methods.

 

 

  • I will never be an old man. To me, old age is always 15 years older than I am.
  • Francis Bacon