Mentoring in Action

Source: CPA Leadership Institute Practice Management Survey

Here are the results of our latest email survey about CPA firm practice management.

Does your firm have a formal mentoring program?

Yes	55.9%
No	44.1%

If not, why not?

Other (please specify)	40.0%
No young team members in need of mentoring.	23.3%
Have considered it, but just never taken any action.	20.0%
Not sure how to get started.	13.3%
No one to spearhead the program.	10.0%
Not enough team members willing to serve as mentors.	6.7%
Do not see the need or value for our firm.	3.3%

"Other" responses included:

Have an informal system that provides guidance given the size of our firm and limited resources.
Informally there is a person who mentors new hires in the audit department.
Too small to have a formal plan.
In process of forming a formal mentoring program.
Because of the size of the firm there is no formal program. We attempt to share information and procedures as they come into question. Also try to have weekly meetings to address concerns so everyone is on the same page.
Only one CPA - the owner.
Small firm < 7 professionals.
Tried it. Staff was not interested in it after a year or two.
3 full-time, 2 part-same for 20 years.

For the original report, click here.

From CPA Leadership Institute Practice Management Survey, June 2016, //www.cpaleadership.com.