TLDR: A Scalable Talent Model is More Than a Safety Net for Firms in Need of Skilled Talent
Key Points:
- 42% of accounting firms are turning down work due to staffing shortages.
- 87% of accounting and finance organizations are facing challenges recruiting talent.
This article discusses the importance of implementing a scalable talent model as a long-term staffing strategy for CPA firms. The model involves a mix of core employees, contract professionals, and outsourced resources to enhance the firm’s agility, productivity, and efficiency. By utilizing a scalable talent model, CPA firms can access specialized skills as needed, focus on core competencies, and ensure continuity in staffing for longer-term projects.
One major benefit of this approach is cost optimization, as firms can reduce fixed costs while retaining the ability to scale their workforce based on demand. Additionally, a scalable talent model can improve work-life balance for core staff, increase agility in responding to market trends, enhance contingency planning, and provide exposure to new tools and technologies.
Overall, implementing a scalable talent model as part of the talent management strategy can help CPA firms remain competitive, resilient, and better prepared to meet the evolving needs of the industry.