Minders

Minders suit the role of your firm’s senior production managers. They oversee technical staff, but can also play a communication role. They ensure everything is functioning smoothly and efficiently across the firm. They are good communicators and excel at managing grinders, while also bridging the gap between client managers and production staff. They often focus most of their time on strategy and leading.

Grinders

Grinders are the production staff. They work well on their own, are good at taking instruction, and like to keep busy. As tax and compliance work inches closer and closer to automation, some firms outsource their technical staff. Grinders are the ideal role for outsourcing, as they are the ones with technical knowledge.

What is the right balance of finders, and grinders?

Obtaining the right balance of finders and grinders is key. When you achieve it, you create a powerful synergy that drives your firm toward success.

• It’s not a one-size-fits-all. Finding your firm’s equilibrium means weighing your production and communication needs, and then hiring accordingly.

• Keep your budget in mind. Finders and minders are usually more expensive than a grinder. So, if you focus all your efforts (and money) on finders you might run out of money before hiring the right minder or enough grinders.

• Consider personality traits. Accountants who excel at routine may not have strong interpersonal skills: they’re grinders. Accountants who have people skills should be placed in a position that takes advantage of their strengths: talking and dealing with clients.

By tailoring each hire to the right role, you can concentrate on the highest effort and salary on the most important role for firm growth: finder and minders.

How to hire for each role

To fill each role, you must recruit the right people.

Finders must have the strongest communication skills in accounting because they interact with clients. They should speak clearly, and align with the mission of the firm.

Minders are reliable, experienced accountants with the knowledge, but not necessarily the people skills. They could be paired with a skilled finder in a client meeting, to help explain more technical details.

Typically, accountants fresh out of school are grinders. They’re ready and willing to put in the time and effort to get the work done. But, they don’t necessarily have interpersonal skills. Three things to look for in grinders:

• Attitude: You can teach people skills, but you can’t teach them the right attitude.

• Ability: Assess each candidate's abilities through a series of tasks.

• Speed: Hiring someone too slow (or too fast) can translate into increased billing of the client, writing off their hours, or at worst, egregious errors.

What’s the outcome of structuring your team on these 3 roles?

Structuring your firm and your team under the umbrella of these three roles is crucial to your ability to grow your business.

When done correctly, leaders who hire strategically and put finders, minders and grinders in their correct roles, can stand back to watch their firm grow.

• Employees are happier, and there is less turnover

• The owner works fewer hours

• The firm is making more money

• Happier clients refer their friends

Bottom line: get the grinding off your desk, and focus on hiring the right people, for the right role.

Hiring the right people allows you to cut out the ‘busy work’ your employees don’t like doing. It provides opportunities to develop stronger customer relationships. And it steers your internal team on a path of personal growth.

This article is a recap of our recent webinar, the 3 roles crucial to your firm's structure, featuring Ed Chan (Chan & Naylor and WIZE Mentoring). You can watch the full recording here.