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Speak out.


I read your article, "Spotlight on Retention" (California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , October 2006) with great interest as I have experienced the shortage of accounting talent in private industry on a firsthand first·hand  
adj.
Received from the original source: firsthand information.



first
 basis.

As the CFO/CCO of a large private equity firm, I found it difficult to fill certain positions in the accounting and finance departments until my firm and I became more flexible with the requirements to fill these positions. To be more specific, we filled a position with the best talent available and did not get caught up with the candidate having specific private equity background. We would teach and train as necessary and found that these bright candidates could pick up the private equity industry requirements and become productive in a very short time.

On the other side of the coin, I decided to leave my firm after nearly 17 years and seek employment outside the private equity industry. With 20 years of public accounting experience, including tax, audit and business management in addition to my CFO/CCO background, I visited with many companies during my networking and interview process. Although I was able to transition to another position in a relatively short time, I found one overriding (programming) overriding - Redefining in a child class a method or function member defined in a parent class.

Not to be confused with "overloading".
 factor in my search. Each company I spoke with thought very highly of me and my background, but I did not have their specific industry experience.

Now being on both sides of the interview table I strongly believe that we create some of our own hiring shortages and long searches due to a lack of vision. I believe that if public accounting firms and private industry would take more time with their candidates before making a determination as to whether they are a fit there would be more hiring and less searching. Maybe it is asking a bit much to expect those looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 qualified candidates to redefine Verb 1. redefine - give a new or different definition to; "She redefined his duties"
define, delimit, delimitate, delineate, specify - determine the essential quality of

2.
 what a "qualified candidate" is and not complain as much about the lack of candidates available. A good accountant is creative and thinks outside the box. This should apply to the hiring process as well.

A forum for your comments, suggestions and reactions. Fire off your succinct suc·cinct  
adj. suc·cinct·er, suc·cinct·est
1. Characterized by clear, precise expression in few words; concise and terse: a succinct reply; a succinct style.

2.
 missive to: editor@calcpa.org.

Philip Posner, CPA

Sacramento
COPYRIGHT 2006 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:News&Trends
Author:Posner, Philip
Publication:California CPA
Date:Dec 1, 2006
Words:363
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