for those of you who went from just you to having an employee
what was the first hire? an admin person? professional staff?
fish wrote:what was the first hire? an admin person? professional staff?
ATSMAN wrote:My first hire was a seasonal admin person. After I offloaded initial data input, organizer preparation and mailings, completed tax return folder preparation etc. I gained enough time to be more productive preparing returns and answering tax related questions within a day. My suggestion is to take a look at all the non prep related tasks that take most of your time and figure out a way to make it more efficient and offload it to the admin person.
Right now it may be a challenge to find qualified candidates because other employers are also competing for workers.
My assistant now makes 90 K a year as she passed the EA exam.
MWEA wrote:100% on an assistant as others have stated. I’ve seen the comments in regard to professional staff being unable to compete with larger firms for talent before and I’m not disputing it as I haven’t been down that road yet, but I’m close. However, it always raises other questions in my mind.
1. Do the larger firms have an advantage because they have higher billing rates per hour to be able to pay the higher salary? Or, is the career path that could lead to management/partner status the main draw.
2. What kind of salary levels do you think a small firm would have to offer to compete for talent? A competent professional that could manage a block of clients and lower level staff that would be relatively hands-off for the owner to focus on business development and managing relationships.
That is probably true because your regular state unemployment plus the $300 extra is more than likely less than your weekly wage. BUT what this extended benefit did was to allow folks to adjust to a new lifestyle where they were saving money on transportation, baby sitting, eating out etc. and allowed them to look for other options. I have a friend whose wife lost her job last year and they have 2 small children. She was happy to watch her kids, cook all the meals at home and now got a job offer that pays $10 more per hour and is closer to their home.FYI, the actual economic statistics are that the pandemic related unemployment benefits are NOT the primary cause of businesses being unable to locate staff.
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