How To Permanently Resolve Chronic Retention And Recruitment Issues?

In this podcast episode, we have two esteemed guests joining us: Sia Kal, Managing Partner FY USA, and Ganesh Ranganathan, CEO of Integra Global Solutions. They will be discussing a critical topic that plagues many accounting firms – the ongoing struggle with retention and recruitment issues.

In this episode, you’ll cover:

• 00:54 - The current status of human resources in accounting firms: Discussion on the challenges faced by employees in big fours and smaller firms, including lack of career growth and job security.
• 05:38 - Effective strategies for recruiting and retaining talent: Highlighting the importance of involving the existing team, building connections in the community, and providing a clear career path to attract and retain good candidates.
• 11:52 - Automation and Offshoring: Smaller accounting firms can compete with larger firms by leveraging automation and offshoring to keep up with benefits and attract talent.
• 12:48 - Benefits of Bots and Offshoring: Using bots and offshoring can provide smaller firms with increased capacity, efficiency, and error reduction.
• 16:51 - Retention Strategies: Firms should focus on fulfilling their team members beyond just titles and money, using platforms like Trainium to provide customized training paths and mentorship.
• 27:22 - Proactive approach to expanding the team: Sia advises small accounting firms to take a proactive approach to expanding their team and not wait until they are overwhelmed with work. He suggests implementing automation and offshoring as part of their growth strategy.
• 31:29 - The future of your team: Discussion on the importance of growing your business not just for personal gain, but also to retain your team and provide opportunities for them.

Podcast Summary:

In this podcast episode, host Ganesh discusses with Sia Kal, an expert in the accounting industry. Together, they tackle one of the most pressing issues facing accounting firms today: the ongoing struggle with recruitment and retention.

Sia shares his wealth of experience and industry insights and offers practical solutions and effective strategies to help you build a thriving workforce that leads to success. He also talks about the root causes of recruitment obstacles and explores impactful methods for attracting, retaining, and nurturing accounting talent.

Sia & Ganesh also discuss transforming your firm's approach to recruitment and retention with this captivating conversation.

Don't miss out on this episode that promises to revolutionize your perspective on building and maintaining a talented accounting team.

About our Guest:

Sia Kal, Managing Partner at FY USA, has dedicated his career to developing business improvement methods for Accounting and Law firms. He's created marketing content, accredited CPE courses, and global seminars attended by numerous firms.

Sia's focus is on helping professional service firms, including former 'Big 4' managers, overcome obstacles and prioritize ethics in business to build successful relationships, with a core strategy of "people before profit," which has proven to be profitable.

About our Host:

Ganesh Ranganathan is the President and founder of Integra Global, a leading accounting outsourcing company. Ganesh is a seasoned executive with more than 25 years of experience in the accounting outsourcing industry.

Ganesh is committed to creating a supportive work environment that fosters creativity and innovation, and he is passionate about delivering exceptional customer service in the accounting industry.