publications

 ON BALANCE • FREQUENCY • THE BRIDGECPA2B ACCOUNTING FOR THE FUTURE 

(taken from the Jan/Feb 2007 issue of On Balance magazine)


Employers Win By Adapting

By Barganz, CPA, SPHR and Natasha Chambers, CPA

As a CPA, I am often asked what possessed me to pursue an expertise in human resources. I see the combination of right- and left-brain skills required for HR as balancing numbers with people. This is the equation most business owners confront.

I have recruited new employees for my firm as well as many other businesses over the years. In developing a recruitment process, a firm develops its "sales" story. This story reflects why someone should work for the business vs. another one. The story should reflect what sets the company apart from other employers. You could look at answering the following questions. Why should someone work for you? What benefits does your business offer? Do you know what today’s workforce is looking for and what new hires value?

No. 1 on the minds of people who belong to Generations X and Y is flexibility. I am often amazed at the difficulty most employers have with creating flexibility. Yet, survey after survey reveals that flexibility is one of most sought-after benefits an employer can offer.

The challenge comes in how to develop a flexible workplace while serving clients and running a business. This requires people to think out of the box and identify critical hours, needs and operating structures to meet business goals. Oftentimes we create a system that is easiest for employers to manage. We maintain a historic structure because that is how it has always been done.

Historically, someone decided that office hours should be 8 a.m. to 5 p.m., a 40-hour-workweek was optimal and that people are more productive between Monday and Friday. If you look at other countries outside of the United States you will see the U.S. is the only country that prescribes this structure. Anyone for a siesta?

Each business needs to look at its customer base to decide what hours best reflect customer needs. CPA firms break the norms January through April, yet struggle with how to balance hours the remainder of the year.

Bodilly CPAs & Consultants LLP sets an annual hours expectation for full-time employees. To address seasonality, the firm establishes annual hours vs. weekly hours for full-time employees. Full-time exempt employees are asked to work 2,200 hours a year. Employees who want to work fewer hours tell partners their annual target at the beginning of each fiscal year. From this estimate the firm can set production goals. The belief is, if the employee determines his work hours and the firm builds a staffing model around this, it results in more successful and happier employees.

Bodilly CPAs communicates that the firm has as much work as employees can do in peak season if they are interested in maximizing production hours. However, employees determine how much they want to work and when. Then partners show employees how their decisions impact production and wages.

CPA firms use a similar calculation to arrive at these numbers. This is not a secret. Why not show employees how to calculate their production goals and then empower them to make their own financial and lifestyle decisions? Only the employees themselves can place values on those decisions.

Employees can be allowed to establish and manage their own schedules and production goals. Each employee has monthly and quarterly clients. It is up to him to work with clients to complete this work in a satisfactory manner and timeline.

A recent interviewing process found that the No. 1 reason candidates want to change employers is flexibility. During a recent set of interviews at Bodilly CPAs, the firm observed the following: The candidates most interested in flexibility were those with many years of experience. They have learned to value time over money in how they spend their waking hours. When interviewing college students for an intern position, the firm found that students were not willing to work the demanding schedules usually given to interns. These candidates were also the most interested in remote access. They have grown up in an era where physical boundaries are less binding.

I have been asked by recruits how my firm makes good on its promise and doesn’t give flexibility lip service. My reply is, "Ask any of our staff." As a partner, I value the flexibility I have in creating my work schedule. I am realistic about peak season and plan for it accordingly. However, I have great flexibility in the time surrounding busy season, as long as I communicate with clients up front about accessibility and deadlines. Technology has provided employees the flexibility to work from home. With today’s technology employees can dial in to complete most of their work that does not have to be done at a client’s site.

In summary, flexibility is one of the most sought-after benefits today. Allow yourself to think about how it can be offered instead of why it can’t. The results are empowered and productive employees, a profitable firm with less turnover, and a balanced work-life environment that fosters employees to think about work as a place they want to be.


Stephanie Barganz, CPA, SPHR, is a partner at Bodilly CPAs & Consultants LLP in Madison. She can be reached at Stephanie.Barganz@cpamadison.com or (608) 664-1047.

Natasha Chambers, CPA is a manager at Bodilly CPAs & Consultants LLP. She can be reached at Tasha.Chambers@cpamadison.com or (608) 664-1040.

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