Learning about Talent Management from Accountants?July 31st, 2007 |
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Great article on Economist.com that we picked up from Jim Holincheck’s blog. The article discusses how the big four accounting firms (Deloitte Touche Tohmatsu, Ernst & Young, KPMG and PricewaterhouseCoopers) are leading the way when it comes to employee performance and talent management. Some great observations in the article and well worth a read. Of particular note is how these firms are attracting top performers and the importance of employees having a clear career path.
When people are the number one asset — makes sense that they’d focus in this area. As the article says “their product is their employee’s knowledge and their distribution channels are the relationships between their staff and clients.”
I definitely see this forward-thinking approach to talent management among the accounting firms using our solution. Actually, this holds true for professional services firms in general as they have a unique number of challenges including an educated workforce and the tightest market for talent around. Those professional services firms that “get” talent management now will continue to succeed and thriving despite labor market condition in the coming years.
What challenges do you think are facing professional services firms? Are the accounting firms getting it right?
Tags: HR, professional services, talent managementRelated posts
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