CPA Life Mentors Count: Empowering Emerging Accountants
Jul 2, 2025
Yuri Kapilovich, managing partner of Kapilovich & Associates and creator of the Mentors Count community, discusses vital mentorship for emerging accountants. He emphasizes the urgency for support in public accounting, addressing the mentorship gap intensified by remote work. The podcast explores building a loyal workforce through development, and the innovative solutions offered by Mentors Count, creating a welcoming environment for questions. Listeners learn about nurturing professional growth through mentorship and constructive engagement.
AI Snips
Chapters
Transcript
Episode notes
Mentorship Decline in Accounting
- Mentorship used to be proactive and integral when training new accountants but has declined due to workload and staffing changes.
- The lack of mentorship stems from a shift in public accounting pressures and fewer available mentors overwhelmed by work demands.
Investment vs. Turnover Mindset
- Some firms expect new accountants to leave within 18 to 24 months, so they hesitate to invest in mentorship.
- Investing in mentoring employees can increase retention by making them feel valued and supported.
Mentor's Candid Wisdom
- A mentor told John Randolph that failing to train employees who stay is worse than training those who leave.
- Untrained staff remaining with a firm creates bigger problems than high turnover.