When building a tax and accounting firm for the first time, most professionals tend to make the mistake of hiring too quickly. As a result, this leads to resistance in hiring in the future, even when it is sorely needed.
As a general rule, your firm should have one employee for every $250,000 in revenue it makes.
This means if you have yet to hit $250,000 in revenue, yet you are swamped with work, it is likely that something is wrong with your pricing and packaging. These issues may need to be addressed before you hire your first employee.
Revenue
$250,000
Employees
0
Net Profit
70-80%
Revenue
$500,000
Employees
1-2
Net Profit
60-70%
Revenue
$1M
Employees
3-4
Net Profit
50%
Once you have determined you need to hire your first employee for your tax and accounting firm, there are critical steps to follow to ensure you:
We’ll walk you through these critical steps with guidelines, templates and live on-demand training so that the process of hiring your first employee is not only successful, but also scalable.
Recruiting is the first and most important part of the process of hiring your first employee. We’ll give you the job advertisement, interview questions, interview workflow, offer letter template and compensation structures to get qualified, professional team members who can represent your tax and accounting firm and deliver quality client work and get you on the path to accounting firm growth.
The first week is crucial to winning over your first new hire. If you do not have a proper new hire orientation and onboarding setup, chances are the new hire may have cold feet and decide that your firm isn’t the right fit for them or their career. We’ve put together the exact onboarding steps to set up your staff for success within their first week at your firm.
Recruiting is the first and most important part of the process of hiring your first employee. We’ll give you the job advertisement, interview questions, interview workflow, offer letter template and compensation structures to get qualified, professional team members who can represent your tax and accounting firm and deliver quality client work.
Your first hire will need constant coaching and accountability checks to make sure they are on the right track. We provide success profiles, performance review templates and incentive-based compensation structures so you and your staff hit company goals as a team. This ensures the constant provision of feedback to help individual team members, and your firm as a whole, succeed.
Hear from tax and accounting firm owners who have successfully hired their first employee to grow their team.
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