Thinking differently about capacity
December 28, 2023
By Jim Boomer
Chances are your firm's plans for growth are based on the number of new clients or new engagements you need to take on. However, to take on more work, you need to be able to get the work done.
In many firms, the problem isn't finding clients or work; it's finding the capacity. Unfortunately, no silver bullet exists to solve the profession's capacity woes. So, it's time to think differently about capacity and how you approach workload management.
Everyone is well aware of the pipeline problem we currently face in the accounting profession. Fewer college students major in accounting, and those that do have less interest in public accounting careers. Coupled with Baby Boomer retirements, there is a significant reduction in the talent pool, directly impacting the capacity of firms.