The official blog of Abacus Group — a place to share our knowledge and thoughts on trends in recruiting

January 03, 2017

Moving Up: Five Employee Promotions for 2017

employee-promotions-2017
To kick off 2017, we are proud to announce five internal promotions in our New York City Headquarters. Effective January 3, the following employees now have new responsibilities at Abacus Group: Charles Amato, Jason Fleischer, Melissa Perez, Dianne Perlman, and Gennaro Vitale.

December 07, 2016

Thoughts on Cultivating Public Accounting’s Future Leaders

accounting-future-leadersAccounting industry publication Accounting Today recently reported on an October AICPA Leadership Academy conference. The Academy, which provides “a self-examination of leadership, what that means, and how that impacts personal life, career path, and the CPA profession,” organized a forum for young Accounting professionals to learn about becoming leaders and to share their opinions.

November 04, 2016

Handling an Employee Resignation – No Counteroffer Necessary

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Voluntary turnover is on the rise. Just like employees are encouraged to handle resignations gracefully, managers are, too. Managers should accept resignations with a level-headed, inquisitive, and strategic approach that will not disrupt the company or damage relationships.

October 18, 2016

Think Twice before Reacting with a Counteroffer

think-twice-before-making-counterofferVoluntary resignations are increasingly common as job seekers regain control of the market. According to compensation survey data and consulting firm Compdata, voluntary turnover has grown steadily from 9.1% in 2011 to 11.6% in 2015. Therefore, managers should prepare to effectively handle the occasional loss of top-performing employees without extending a counteroffer.

September 13, 2016

Reduce Employee Turnover with a Data-Driven Approach

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Employee retention has reached an eight-year low point, which has damaging implications for income and productivity across all industries. According to employee management expert Dr. John Sullivan, there is a solution to more effective employee retention: enriched data.

March 08, 2016

Investing in Your Financial Services Career Requires Putting Opportunity First

finanical-services-career-investmentInvestment priorities and objectives vary among Banking, Asset Management, and Alternative Investment professionals, but, regardless of their functions or levels of experience, these professionals do have one thing in common regarding investments: the necessity to invest in career development. Abacus Group’s Angelo Caraftis recommends putting opportunity first to invest in your career.

February 04, 2016

Two-Thirds of Millennial Employees Will Change Jobs by 2020

deloitte-millennial-survey
Such is the latest news from Big Four Public Accounting Firm Deloitte, based on its survey of 7,700 full-time employed, college-educated professionals aged 34 or younger. A deficiency of loyalty, coupled with the fact that Generation Y now comprises the largest segment of the United States workforce, poses a serious business challenge.

January 27, 2016

Alleviate the Woes of Busy Season with Better Communication

busy-season-communication
It’s that time of year again—Public Accounting Tax Season. We know that this is a hectic time in the profession. According to various supervisory professionals cited in a recent Journal of Accountancy article, improvements to communication will go a long way.

May 18, 2015

The CEO’s Role in Employer Branding

ceo-employer-brandingWe have always maintained the significance of promoting a strong employer brand and have talked about the ways in which a business can highlight specific economic, psychological and functional aspects to attract a target group of professionals. Beyond its execution (How can we do it?), the concept of employer branding has newly been discussed in terms of ownership (Who’s responsible?).

October 16, 2014

Newly Appointed and Aspiring CFOs: Get Your Company Where You Want it To Be

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A Tuesday publication from AccountingWEB, “6 Steps to Becoming a Star CFO,” really caught our eye this week. The article’s author posits that the key to addressing your paramount concern – “Is your company where you want it to be?” – lies at the intersection of effective people management and a winning compensation strategy.