Events

Staff Compensation and Retention

In order to remain independent as well as achieve long-term success, accounting firm partners must meet the challenges of the staffing crisis. Firms need to focus on succession planning and have adequate staff capacity to service clients and for growth. Firms may not be capable of achieving their short and long-term strategic goals and objectives if they fail to make the necessary changes within their organizations. It is essential to create the proper culture and environment to retain quality and talented staff.

How can firms retain the talent needed to support client services, continue to grow their revenue base, and have a viable succession plan? They must adopt a true staff-centric culture. Simply stated, a staff-centric culture is an array of interrelated, comprehensive, and customized policies, programs, attitudes, rewards, and behaviors. These essential elements create the best possible environment for firms to retain their most talented professionals.

This webinar is meant to be highly interactive and will focus on staff compensation and rewards in a retention strategy.

CPE: 2 credits

Discussion Topics

  • How members can address the challenges related to increased compensation and rewards.
  • Discussion about 2022 and 2023 staff compensation increases
  • A review of compensation at all levels
  • The types of bonus and rewards methods that member firms are using.
  • Is a formal profit-sharing arrangement with staff on the horizon
  • Discussion regarding passing on the increased labor costs by increasing client fees.
  • Innovative ways members have rewarded staff as retention strategies.
  • Open discussion

About the Facilitator

Janine M. Iacobelli is the Chairperson of the MAP Committee at MGI North America. She’s also the director in the accounting and assurance services department as well as firm administrator at Barnes Wendling CPAs. With over 35 years of experience in the accounting industry, Janine works directly with middle market companies in a wide range of industries to help build and maintain their net worth. Additionally, she is a member of the firm’s manufacturing and distribution industry group.

As the firm administrator, she also heads up the firm’s human resource consulting group to assist clients in all industries with recruiting, hiring, benefits analysis, compensation studies, policies, performance evaluations, and more. With such a diverse background of skills and expertise, Janine offers clients a broad base of knowledge and a valuable perspective.


Facilitator


Janine M. Iacobelli

Janine M. Iacobelli

Director in the Accounting and Assurance Services Department and Firm Administrator, Barnes Wendling CPAs

When

When: Wednesday, November 16, 2022 at 1:30 PM EDT

Where

Link to Zoom provided after registration

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