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Creating the Magnetic Firm - Allinial HR Conference 2016


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With talent recruitment and retention topping the list of issues facing CPA Firms along with partner alignment and succession planning issues, the stakes have never been higher for CPA Firms in their recruitment and retention strategies. BLI just announced the 'magnetic firm' framework and the 'big four' ways for firms to become talent magnets.

This presentation has the latest scores on the magnetic firm index which is averaging 67% or a D+ across CPA Firms.

The four categories for a magnetic firm are:
1) Purpose driven workplace
2) Culture of growth (Career Development)
3) Inspiring workplace – flexible and inclusive
4) Great leadership – trust & transparent

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Published in: Recruiting & HR

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Creating the Magnetic Firm - Allinial HR Conference 2016

  1. Creating the Magnetic Firm Purpose Driven Great Leadership Culture Of Growth Inspiring Workplace Vision, Purpose andValues based Transparent and Inspirational Leadership Learning Culture - Self and Formal Development Flexible and Open Work Environment Focus on Strengths and Positivity Build Consensus and Commitment Career & Growth Orientation – Career Paths Work/Life Balance Inclusive and Diverse Leadership Development at all levels Customer focused Coaching and Feedback High Performance – Insight to Action Anticipatory and Proactive Collaborative and Team based Effective TechnologyTools - mobile
  2. The  ‘new’  Big  Four   1.  Purpose  driven  workplace   2.  Culture  of  growth  (Career  Development)   3.  Inspiring  workplace  –  flexible  and  inclusive   4.  Great  leadership  –  trust  &  transparent    
  3. The Six Steps of Talent & Leadership Development 1.  Talent & Leadership Strategy 2.  Competencies 3.  Career Path (Ladder) 4.  Curriculum & Content 5.  Compliance & Governance 6.  Communicate and Inspire
  4. BLI Leadership Development “Strat House” 1.  Develop   Strategic   Intent   2.  IdenMfy   Competencies   6.   Communicate   &  Inspire   3.  IdenMfy   Career  Paths  &   Audiences   5.  Compliance   &  Governance   (EvaluaMon  &   Sustainability)   4.  Develop   Curriculum   and  map   content   Firm/Business   Vision,  Values,   Strategy,  and   Culture   Why?   What?   Who?   How?  
  5. The BLI Bounce Model
  6. “Those who build great companies understand that the ultimate throttle on growth for any great company is not markets, or technology, or competition, or products. It is one thing above all others: the ability to get and keep enough of the right people.”   -- Jim Collins
  7. Poll:  What  are  the  top  skills  you  need  to   be  successful?  Pick  the  top  5   1.  AnMcipaMng  &  Serving   Evolving  Needs   2.  Inspiring  and   MoMvaMng  Others   3.  Strategic  &  CriMcal   Thinking   4.  CommunicaMon   5.  Change  Leadership     Change  leadership  shows   up  among  HR  Pros  but  not   typically  in  overall   Profession  results.  
  8. Top Skills Needed for Accounting and Finance Professionals ! BLI Research in 2015 with over 1,000 responses from all segments of the CPA Profession identified these top skill needed to be successful in these rapidly changing times.This confirms and reinforces the research from the Conference Board, AICPA CPA Horizons 2025 report, Bersin, and Burrus Research.. 75% covered by theseTop 5 Skills
  9. MagneMc  Firm  Score   =  67%   Perfect  Score  =  80   This  score  is  in  line  with  our   industry  research.  
  10. If there is a conversation about the future of the profession, you're bound to hear Hood's name mentioned as one of the people leading the way. – Accounting Today Tom Hood, CPA, CITP, CGMA CPA Practice Adviser Accounting Hall of Fame Named the Second Most Influential in Accounting by Accounting Today Magazine 2013 - 2015 Top 150 Influencer by Linked-In Top 25 Influencers in Learning & HR - HR Examiner Top 25 Public Accounting Thought Leaders - CPA Practice Adviser Co-founder of the Business Learning Institute CEO Maryland Association of CPAs (MACPA) Business Learning Institute (BLI)