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Top 7 Issues Facing Young Professionals - AICPA


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Special AICPA webcast session featuring research about the top issues facing young professionals.

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Top 7 Issues Facing Young Professionals - AICPA

  1. 111 The Top Seven Issues Facing Young Professionals Presented by: Tom Hood, CPA, CITP, CGMA CEO Maryland Association of CPAs Business Learning institute
  2. Moderator: Tom Hood •  Named as fourth Most Influential in Accounting by Accounting Today Magazine •  Top 150 Influencer by Linked-In •  Top 25 Influencers in Learning & HR by HR Examiner •  Top 25 Public Accounting Thought Leaders by CPA Practice Adviser •  Working on Learning Management with AICPA/CPA2Biz, Cloud Curriculum, Performance Management /XBRL, Leadership & Generations Tom Hood, CPA, CITP, CGMA CEO MACPA Business Learning Institute (BLI)
  3. Download today’s slides at …
  4. Join the conversation Respond to a Poll Ask a Question
  5. Our research methodology #MBSN MACPA NewYoung Professional Network collaborating to identify issues
  6. Top Seven Issues - 2012 1.  Information overload (including accounting and tax complexity) 2.  Work / life balance 3.  Generational issues and communications (including upper management not sharing knowledge with the younger generation) 4.  Developing networking skills 5.  Keeping up with technology -- especially the cloud 6.  Finding career guidance 7.  Understanding social media benefits CPA Success blog post
  7. Top Seven Issues - 2008 1.  Bridging the "gap"  between college and the "real world." 2.  Under-developed skill sets (see more below). 3.  Work-life balance. 4.  Limited networking opportunities. 5.  Intimidation from bosses (partners and CFOs). 6.  CPA exam (time, support, information). 7.  Lack of a voice within the profession. CPA Success blog post
  8. The New Normal - VUCA
  9. Information Overload = Filter Failure The answer – social media & collaboration
  10. Work / Life Balance Doesn’t Exist The answer – know thyself & work/life integration
  11. Generational Issues •  Tone at theTop •  Cross generation meetings •  Communication with Feedback frequently •  Trust & try •  Openness •  Embrace technology •  Build on strengths
  12. Generational Issues - Resources Blog Post Blog Post Slideshare Bottom line - Connect & Collaborate Great ideas can come from anywhere!
  13. Networking •  Build competency in “non-sales selling” •  Use your professional association and CPE events to plan serendipity •  Social media (again!)
  14. Keeping Up WithTechnology
  15. h"p://     theBounce 10,000 hour rule Finding Career Guidance
  16. T   Source: Research from CPA Horizons 2025 Project & the Business Learning Institute
  17. Understanding Social Media Benefits X
  18. “In  a  period  of  rapid  change  and  increasing   complexity,  the  winners  are  going  to  be  the   people  who  can  LEARN  faster  than  the  rate  of   CHANGE  and  faster  than  their  COMPETITION.”   -­‐  Tom  Hood,  CPA.CITP.CGMA  7/15/13   T  
  19. Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail Web Blog   Follow me on: ü Twitter: ü LinkedIn: ü Facebook: ü Google +: ü Slideshare: ü Youtube: ü Second Life avatar name: Rocky Maddaloni