Episode description

In this episode, Rob Brown discusses the transformative impact of private equity on the accounting profession, particularly in terms of talent acquisition and retention. He highlights how private equity-backed firms are reshaping the traditional accounting model by offering new roles, competitive compensation structures, and accelerated career paths. Brown emphasizes the need for accounting leaders to adapt their strategies to attract and retain top talent in a rapidly changing landscape.

Big takeaways

1. 70% of top performers at traditional firms would leave for private equity-backed firms.
2. Private equity is a major disruptor in the accounting profession.
3. The traditional model of recruiting and promoting talent is becoming obsolete.
4. Private equity firms are reporting 40% lower turnover rates than traditional firms.
5. New roles and career paths are emerging in private equity-backed firms.
6. Today's professionals seek opportunities to create impact and lead projects.
7. Compensation structures are being redesigned to include equity participation.
8. Investing in non-technical skills is crucial for talent development.
9. Career ecosystems are being built to support talent growth and retention.
10. Accounting leaders must proactively adapt to the changing talent landscape.

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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.

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