1,000 staff promoted at BDO

1,000 staff promoted at BDO

980 team members step up at BDO on the back of strong financials, in what has been a very satisfying year for the top six firm

NEARLY 1,000 STAFF have been promoted by BDO in the run-up to Christmas.

The 980 promotions, outside of the firm’s partners, are across its disciplines and support functions.

BDO saw revenues climb 3.8% to £405m for 2015/16, while profits leaped 22% to £80.3m. It won the Global Firm of the Year in the 2016 British Accountancy Awards.

“Attracting talent is important, but rewarding and retaining it is even more so,” said managing partner Paul Eagland. “2016 has been a year of targeted growth and investment for BDO, and our success has been down to the hard work and determination of all our people.”

The promotions come at a time of change for the firm, as England took on the role from Simon Michaels in October. It is also grappling with increased technological change and new demands from clients during a time of political, social and economic upheaval.

“The pace of change in the accountancy profession is remarkable. Technology, regulation, automation and globalisation are shaping our future, but it’s the people behind these innovations that can really drive value for our clients,” Eagland added.

“Businesses don’t just want a ‘numbers person’ handling their accounts. They rely on business advisers to challenge their thinking and provide innovative, joined-up solutions that help them succeed. All the promotions we’ve awarded this year are reflective of the extra mile people go to ensure our clients get the very best advice and service.”

BDO has previously stated that it was looking to hire or promote 25 people to partner level in 2016/17, from the start of its financial year in July. It has already filled 18 posts.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource