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May

Return of Investment Employed PUBLISHED IN VAT

It is often (rightly) said that customers or clients who return time and again are the best thing for business. At the least, it shows the business is doing the right thing by the customer. It is also said that consultancy practices (be they legal, accounting or “other”) are “people businesses” who are only as good as the people they employ. What is less often acknowledged is that employees are a bit like customers: they can leave, and try someone or something else. There is no obligation for them to return, just as there isn’t for a customer. But if they do, then surely that says something positive about the business too. Interestingly, where the employee is client facing, it is a vote of confidence in the business’s clients as well.

 

I am happy to say that, for the second time in five years, someone in my team who had left, has returned. Now, some readers will think that I am attempting to turn water into wine with this. After all, if it’s so great, why did they ever leave? Let’s deal with that first. The one who left last summer, but returned today, took a break to travel the world. We were sad to see him go. We were able to deal with the gap, but we had not wanted one. On his return, and with the possibility of other firms offering good positions, he nonetheless came straight back. He had had time to think, outside of the day to day pressures, and he wanted to come back to a good VAT team, great tax colleagues, excellent colleagues all round, and, very importantly, really decent clients.
The earlier example involved a colleague who tried an alternative, which he owed it to himself to do. He saw what another place had to offer. He saw the comparable clients. He came back after eighteen months.
Both colleagues were an investment for us, since people businesses invest in people. That investment returned intact not once but twice. All my VAT team members are professionally qualified and understand our market segment. They understand what the clients need. Clients as a rule like continuity, but they like advisers who develop and aren’t too timid to take the plunge, or take a calculated risk. When good colleagues return to an organisation, when they risked an alternative, with no guarantee of a path back (as here) that creates a particular kind of quality.
Which is why 3rd May 2011 has been a good day. An affirmation of our business. Affirmation, as well, for our clients.
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