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Bill Reeb talks with Steven Sacks on Management in the COVID Era

Bill Reeb talks with Steven Sacks on Management in the COVID Era

FromCPA Trendlines Podcasts


Bill Reeb talks with Steven Sacks on Management in the COVID Era

FromCPA Trendlines Podcasts

ratings:
Length:
32 minutes
Released:
Jul 27, 2020
Format:
Podcast episode

Description

CPA firms are ill-prepared for the new era of virtual, work-from-home partners and staff, according to Bill Reeb, a leading CPA firm practice consultant, in this conversation with CPA Trendlines contributor Steven Sacks.Management at all levels will need to adapt, Reeb says, requiring new processes and procedures.  But more than anything, it requires new metrics of productivity. And, most of all, new habits.After a painful, wrenching re-positioning, Reeb says, firms will emerge stronger, more agile, and more profitable than they were before.Sacks covers a lot of ground with Reeb, including:We have a lot of fictitious mechanisms we use as tools to manage.You can’t get away with what you’ve been doing to manage people in a remote-work environment.We really don’t know how to manage output from our staff in normal times.And it will be more difficult in this era of remote working.Management at all levels will need to adapt.It requires new processes and procedures.But more than anything, it requires new metrics of productivity.And, most of all, new habits.To build the right habits, we'll need the right systems.Systems to create single accountability, with one partner designated as responsible for each staffer.Firms are trying to move toward a more corporate model.Leadership is not clear when it communicates expectations.Firms need to cut the marginal workers and focus on the clients that really matter.Firms and staff need to address the fundamentals of blocking and tackling and listen to what the different generations in the firm have to say.If you want to run a good organization, you have to do the basic stuff.This is an opportunity for firms to take the hard decisions they may have been putting offThey’ll be jettisoning marginal clients.And they should be looking at picking up some good talent.The influx of new talent will allow firms the running room to eliminate some lagging personnel.The result will be a marked shift from the matrix-management model.To a more corporate, top-down, command-and-control management.With more accountability at every level.And firms will emerge stronger, more agile, and more profitable than they were before.
Released:
Jul 27, 2020
Format:
Podcast episode

Titles in the series (100)

Exclusive information. Extraordinary insight.See all podcast episodes here: https://cpatrendlines.com/category/podcast/ CPA Trendlines is the world’s only research and advisory service focused solely on the tax, accounting, and finance professions. We use a time-tested, quality-proven, proprietary blend of data, analysis, community, experience, and imagination to produce extraordinary value for our clients. Elite decision-makers from all over the world look to CPA Trendlines for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. You’ll stay more focused, save time, grow revenue in a fast-changing global digital environment, and sleep better at night. Guaranteed. Facts. Figures. Insights. Implications. Here you'll find the data and analysis you can use for your practice and your career, plus exclusive research, insights, and commentary on the most pressing issues and fastest-changing trends. We are dedicated to delivering the actionable intelligence that tax, accounting, and finance professionals need in order to identify and act on emerging issues and opportunities. We specialize in high-quality, concise executive briefings designed to help busy professionals improve their organizations, advance their careers, and enhance their lives. Our reports are relevant, timely, and to-the-point, providing the most essential information, and are digestible often in under an hour.