Industry Insights

The blog promotes a webinar aimed at improving the hiring process for accountants, focusing on using objective evidence and validated tests to make better hiring decisions

The article discusses the hidden costs of making a bad hire, specifically focusing on the example of hiring a Client Accounting Manager for $100,000/year. Initially, the weekly cost, including benefits, is estimated at $2,300. However, the new hire underperforms, causing team friction and poor coaching. After 90 days, the manager is terminated, seemingly costing $34,500.

When selecting the best candidate for a role, comparing candidates directly to the job description rather than to each other enhances accuracy and fairness. By aligning skills assessment results with job requirements, employers establish objective benchmarks, streamline the hiring process, and ensure a positive candidate experience, ultimately facilitating informed hiring decisions and maintaining employer brand integrity.

Looking to hire top-notch accounting or bookkeeping talent? Say goodbye to outdated practices and hello to effective hiring strategies. Discover the dos and don'ts of the hiring process to attract the best candidates and make offers faster than ever before.

In the race to attract top accounting talent, recruiters top the list as the preferred choice, closely followed by networking and social media. Discover key strategies to streamline your hiring process, from highlighting your firm's unique perks to maintaining a positive online presence.

An accounting graduate, transparent about their lack of experience, faces overwhelming tasks and no support in a residential remodeling company. This illustrates the repercussions of inadequate hiring practices and the necessity for comprehensive onboarding and training programs to prevent stress on employees and risks to business integrity.

Explore the advantages of incorporating pre-employment assessments in accounting and bookkeeping firms' hiring practices. Research indicates that candidates who perform well in assessments are more inclined to complete them, enabling firms to pinpoint high-quality applicants efficiently, thus enhancing the hiring process.

A Disputes Tribunal ruling mandated a company to pay a former accountant $14,000 in wages despite significant financial losses attributed to his performance. The ruling highlights the importance of robust recruitment procedures and pre-employment testing to avoid "bad hire" scenarios.

Recent studies have actually put the financial cost of a bad hire in third place for its negative impact on an accounting businesses, behind lower morale and reduced productivity. “Stanley” was recently hired by an accounting firm in Los Angeles. His resume showed the experience he’d had with a reputable medium sized firm in a staff accountant role. He was personable and confident at interview, and was hired. The cracks showed within days...

No single recruitment tool will solve all your hiring problems, the reality is that the solution is a combination of tools put together in a thoughtful manner that are backed up by scientific evidence.

Discover how to maximize the value of hiring tests in your business. This article provides ten actionable ways to use these tests beyond the hiring phase, for effective on-boarding, personal development, and overall team efficiency. Leverage your investment in testing for a happier, more productive workplace.

Discover the importance of implementing a structured and competency-based approach to interviews for accounting and bookkeeper candidates. Learn how competency-based interviews reduce subjectivity, provide legal protection, and ensure consistent hiring decisions, while exploring key competency questions that assess candidate skills and behaviors.