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Success story: Retaining firm talent through inspiring training experiences

While being away from home on a three day training program may not be high on every young professional’s bucket list, a visit to Las Vegas usually is. Yet, few local professional firms can combine the two to offer their bright, talented people the opportunity to train, travel and experience a city with real wow factor. Local firms which are members of international alliance Alliott Group are however, capitalising on creative ways to inspire the next generation.

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Poweful differentiation in our national market

Giving our people the opportunity to travel to one of the world’s most exciting cities and to learn from experienced practitioners shows that we value current staff, but it also communicates a powerful message to prospective candidates that we can offer them the exposure to international business that they won’t necessarily get from another independent firm in Greece.
John Kleopas, managing partner Kleopas Alliott Business Consultants, Greece

Staff retention remains a key issue

The continuing war for professional services talent means that local, independent firms must up the ante when it comes to offering their brightest people, whatever their experience, attractive opportunities to progress their careers. Too many local firms see their best people leave for larger firms which promise superior career opportunities. This often leaves the firm facing significant client disruption and firm succession issues, not to mention significant head-hunter fees to replace the staff member.

Real world courses run by respected practitioners

Mindful of the pressures faced by member firms and their need to enhance their ability to retain loyal and talented staff and equip them for the future, Alliott Group has been running staff audit training and leadership development programs at different levels in North America for a number of years. Leading training firms such as CPA Firm Support Services and Upstream Academy, and tutors who are senior partners at Alliott Group member firms provide real world course materials that ensure lively, interactive sessions injected with the occasional war story! This year’s program was held at the Monte Carlo Hotel and Resort in Las Vegas and attracted nearly 30 attendees from the U.S. but also from the UK, Germany and Greece.

Adding value

"It is difficult to quantify exactly, but the cost of retaining good staff by investing in them through this type of experience certainly pales into insignificance when you consider the cost of recruitment.” Colin Farmer, partner, Alliotts, London

Putting the cost of retention into perspective

Colin Farmer, partner at London accounting firm member Alliotts comments: “While sending four staff members to Las Vegas for four days may appear an extravagant expense, we view Alliott Group training as a valuable, long-term investment in our staff. They return energised, having acquired new technical know-how and having formed peer groups with professionals from around the world. It is difficult to quantify exactly, but the cost of retaining good staff by investing in them through this type of experience certainly pales into insignificance when you consider the cost of recruitment.”

Leading training firms such as CPA Firm Support Services and Upstream Academy, and tutors who are senior partners at Alliott Group member firms provide real world course materials that ensure lively, interactive sessions injected with the occasional war story!

A powerful recruitment message

John Kleopas, partner at Kleopas Alliott Business Consultants in Greece, also met the cost of sending one of their accountants, Vangelis Bonis, to Las Vegas, and comments: “Giving our people the opportunity to travel to one of the world’s most exciting cities and to learn from experienced practitioners shows that we value current staff, but it also communicates a powerful message to prospective candidates that we can offer them the exposure to international business that they won’t necessarily get from another independent firm in Greece.”

A global service offering

Alliott Group training courses are open to member firms regardless of their geographic location and continue to provide local firms with more exciting options for continuing professional education and to lay the foundations for a motivated and internationally connected workforce.

Could alliance membership help your firm?

If you would like a chat about your firm's needs from an alliance of professional services firms, please contact us directly in confidence or view our benefits of alliance membership page for more information.

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