Human Resources

Background Information at Your Fingertips

Has Sally been convicted of fraud? Has John really disclosed his actual salary? It’s important to carefully screen job applicants and two of the world’s leading providers of employee information are making it easier than ever.Now firms can find the answers to these questions and others of a background nature with immediate access to detailed, accurate information.

"Smile" - You're an Accountant!

If a smile can launch a thousand ships, then CPAs and accountants should get their sea legs ready to sail.According to a new survey of 1,400 chief financial officers, conducted by temporary staffing giant Accountemps, a "positive attitude" came as the most important trait a CPA can possess in the new century.Forty percent of participants ranked this trait as number one.

Financial Planning Crucial for Changing Family Landscape

As more and more women enter the CPA and accounting profession and take the higher-paying jobs based on talent and expertise, there will no doubt be a rash of husbands who will trade their boardroom and glamour lunch for the playroom and a warm milk bottle.These "stay-at-home" dads are becoming more prevalent everyday, yet financial advisors warn that fathers who make a transition to staying home while the spouse works should adequatly plan, if he is able to, for this new environment.The rules really aren't very different from those that most of us still use when a wife stays home to rai

To Retain, You Must Train

In America today, employees are a hot commodity. To retain these professionals, training may be the cornerstone of an effective strategy. Employees who are trained and groomed for success within a company, tend to stick around it seems.Training in the workplace is much different today than it was. It’s no longer about giving employees skills they can use around the office, it’s about helping employees grow professionally. Training involves everything from job-related skills training to cutting-edge management training.

Survey Shows Workers Want To Change Jobs

A national Job Satisfaction survey conducted by SurveySite for CareerPath.com indicates that 44 percent of Americans want new jobs. Four in 10 people want to change jobs in the next year – half of them want to make the switch within six months.With record high employment figures, people are taking advantage of a strong economy and the high demand for quality candidates.

People "Accounting" Improves Billable Hours

When you are in a professional services industry such as accounting, your people are your firm. Properly implemented, human resource solutions can increase profits, decrease turnover and improve a company’s culture.According to The Sagacity Group, a human resources systems and workforce improvement company, people "accounting" focuses on a very valuable asset – the people who interact with a company's customers.

EY Enters Online Recruitment Arena

Ernst & Young has announced the launch of a subsidiary, Net-Strike Worldwide, to recruit and provide training for IT consultants utilizing the power of the Internet to serve as the "virtual deployment center" for IT professionals worldwide.Net-Strike is designing a Web site devoted to this endeavor for EY and other clients interested in these tempora
Technology

EY Uses Online Testing to Screen Applicants

Testing for skills and aptitude before hiring is nothing new, but doing it over the Internet has become one of the new trends because of the immense savings in time.Ernst & Young has contracted with Virginia-based Brainbench to use the company's skills assessment tests to screen applicants for 500 IT professionals who will work on EY's Sprint contract.According to EY, using online testing sources like Brainbench reduces the hiring time from weeks to a matter of hours.
Community News

CPA Firms Woo MBAs with Gimmicks

Want to recruit the best and the brightest to your CPA firm? Try having logo items made to pass out to MBA students, hold expensive dinners and invite prospective employees to the next big football game as your guest.These and other tactics are part of the "new wave" of recruiting efforts going on in America's schools, as firms try to compete with the "dot.coms" of the world for market share on campus.Among the CPA firms making the news in this scenario are Ernst & Young and PricewaterhouseCoopers, and who can blame them?

Six Travel Resolutions for the New Year

All of us travel at one time or another for business or pleasure. Thankfully, the cost of traveling on a plane has dropped considerably, and in some markets, Saturday night stayovers do not necessarily bring down the cost of ticket. As a result, we're traveling more frequently than before.In the event your trip goes awry, as in overcrowded planes, overbookings, lost luggage and the like, what do you normally do? Get mad - or get even?Start the year out right by considering these six travel resolutions.

Selecting the Right Chair for Your Office

All of us spend a tremendous amount of our day sitting, and having an ergonomically correct chair is paramount to good posture, your back and attitude. Some even say the chair is more important than your computer or other office equipment purchases.Those in home offices--or offices at a business location--should know that a good chair isn't cheap.
Practice

Outsourcing HR Functions - It's Time to try it!

Small- and medium-sized CPA firms should know that, in many cases, their employees can receive the same benefits afforded to the large firms because of a group buying effort through outsourced HR resources.Outsourcing the HR function is nothing new; firms like ADP have provided services for some time in this market known as the "Professional Employee Organization (PEO).However, sometimes a wake-up call is inorder.

Termination Toolkit

You don’t want to fire an employee, especially in this tight labor market, but sometimes you have to do it. Lots of things may cross your mind including a possible law suit or revenge by the employee. The best way to protect yourself and your firm is to document all of your actions and provide a forum for the employee to “have the last word,” so to speak.
Technology

E-Resumes are Prime for Recruiters and Job Seekers

Whether you are in a firm/company and on the recruiting side, or initiating a job search on your own, be advised that snail-mailing a resume is a thing of the past.As more and more companies go online to process daily busines activites, they, too, are using online capabiliites to scan resumes into the HR systems, search for keywords related to specific jobs and "virtually" eliminating paper.No wonder ... it is estimated that large companies spend up to $100,000 or more annually in staff time just sorting through resumes that are mailed.

How to Pay Employees for Overtime

How familiar are you with the Fair Labor Standards Act (FLSA)?

Tying Salaries to Performance is #1 Priority

Who said cushy benefits truly made a difference in working-class America?A new study conducted by the Society for Human Resource Management found that American workers were most concerned with tying their salaries back to performance. In other words, if they work harder, put in longer hours and are loyal, they should be compensated proportionally for their efforts.A total of 783 companies participated in the study. Final numbers were tallied by Arthur Andersen.So how fair is the dreaded performance review?

Cure For The Bonus Blues

When salaries are skyrocketing and you are feeling the pinch of the industry bonuses being launched down the street, take heart. There are things you can do when your firm is in a cash crunch. Just remember to do something for your team.Give the gift of time if you don’t have the cash. Studies show that people respond more positively to time off than they do to any other alternative rewards. If you can’t spare a day now, give them a “take one day” certificate to be used later.If you want to show your appreciation to a great team, throw a party!

Keep Poaching Out Of Your Firm

You know how it is. The labor market is tight and sometimes the only place to get people with the expertise you need is the local competition. Be aware, though, and don’t cross legal and ethical lines.Employers crossing the boundary have had to defend their recruiting practices in court.

Accounting Salaries Increase 4.65 Percent In 2000

Starting salaries for Y2K are expected to increase by 4.65 percent, according to the newly released Robert Half and Accountemps Salary Guide. Last year’s increase was 4.67 percent, so rest assured that the demand for these individuals hasn’t decreased in the past 12 months.Large accounting firms (those with fees of $250M+), will see salaries increase 4.8 percent with managers and directors looking at an 8.4 percent increase. Small accounting firms may be hit hard, too, with first-year accountants facing a 5.8 increase in average base compensation.

Recruiting Strategies

What? You just won an engagement that requires three more auditors and two more IT people? Yes, that’s right – pronto! Never mind that the national unemployment rate is at an all time low. What you need is a recruiting plan that works now. These recruiting strategies will help you get people in the door and then give you an advantage once you get them there. The first place you can start with a very modest investment is internally. Your employees are the best employment advertising you can buy. They are your firm’s advocates.

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