Posts Tagged ‘compensation’

Friday, December 7th, 2012

What Do You Want To Be Famous For?

I often reflect back on some of David Maister’s teachings. He would often talk about, “What do you want to be famous for? What’s going to make you distinctive?” He was asked that question when he was a new professor at Harvard and he stressed the use of that question as experienced CPAs mentor and coach younger accountants.

Robert Raiola, CPA, Sports and Entertainment Group Manager at Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC is famous for something.

Have you heard of him? Perhaps you are a follower. He tweets as @SportsTaxMan. He has over 10,000 followers. Remember, I am talking about a CPA. His tweets calculate players’ earnings per game, per inning and per point. Robert is famous for something!

I had the pleasure of facilitating a live webinar for College Frog back in October and Robert was a featured guest.  He has over 20 years of experience in both the public and private sector. He provides business management services, tax planning and business consulting to high net worth individuals and their families in the sports and entertainment industries.

Robert was featured on NPR – Sports Tax Man Is A Financial Quarterback. He’s been featured on the radio and in newspapers. When I talked with him back in October he had over 7,000 Twitter followers – I checked this morning (less than two months later) and he has 10,696 followers.

Whether you are experienced or just beginning your accounting career, what do you want to be famous for? More importantly, what are you going to do about it?

  • In order to excel, you must be completely dedicated to your chosen sport. You must also be prepared to work hard and be willing to accept destructive criticism. Without 100% dedication, you won't be able to do this.
  • Wilson Mizner

Tuesday, July 24th, 2012

CPA Firm Staff Compensation Strategies – It’s Money and A Lot More

The talent wars are heating up. According to PayScale.com, recently released research reveals that not only are nearly half of employees looking for greener pastures, but that top performers are the ones most likely to be looking.

I believe this will be an issue for the remainder of 2012 for public accounting. Many top performers have stuck with the firm during the economic downturn and are now itching to move on because it seems like every CPA firm is now hiring.

How do you keep them? One way is to take a critical look at your staff compensation strategies. Maybe it’s time for a facelift. Also, compensation strategies include a whole lot more than actual wages. Most firms that I have talked to this year, so far, are actually paying their people fairly well. Just keep in mind, with today’s workforce, the Beatles were right: …money can’t buy me love.

I hope you will join me tomorrow at 12PM Eastern for a CPA Leadership Institute Webinar: Staff Compensation Strategies That Inspire And Retain Talent. Follow the link to register.

We will talk about money (salaries, bonuses, incentives), the three basics of CPA firm salaries, walking the exempt vs. non-exempt tight-rope plus all of the little things that make the biggest difference – things that don’t cost you much money at all.

  • Gossip is when you hear something you like about someone you don't.
  • Earl Wilson