Managing people: lessons from the accountants

Filed in archive Accounting by leon on July 20, 2007

In this age of skills shortages, it's interesting to read how the Big Four are going about managing, keeping and attracting their talent. The big accounting firms could also teach other companies a thing or two about people management, according to an interesting piece in The Economist.

The piece Accounting for good people details how they go about it with targets for staff turnover, careful policies to persuade people to stay longer (particularly in their policies for women who account for half theri recruits but only one quarter of their partners) and even getting former employees in alumni programs to act as recruitment agents and drum up new business.

Still, it will be interesting to watch how this plays out. Will their good management practices continue if the skills shortage turns out to be cyclical? And would it continue if there was an economic downturn?

Related Entries:

People Behaving Badly - 15 February 2005
Managing People Effectively - 28 June 2006
Mexico's People - 10 March 2008
Ugly People Need Not Apply - 25 June 2008

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Tags: Big Four Accounting for people The Economist corporate managing+people

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Response from: news.fatpitchfinancials.com

Being interesting is not everything. The Big Four accounting firms are teaching other companies how to manage and hold on to their talent.

Response from:

Being interesting is not everything. The Big Four accounting firms are teaching other companies how to manage and hold on to their talent.

Response from: BizzBites.com

Being interesting is not everything. The Big Four accounting firms are teaching other companies how to manage and hold on to their talent.

Response from: Disorganizational Behavior

The Economist has a great article about talent management in the accounting field. The article talks about how the industry, especially the public accounting side, is working to keep and develop more people into higher positions within the firm. It...