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Annual Report

The Story of '24:

Twenty-Four Ways Schellman Increased Our Impact in 2024

Download the Full Report

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2024 People & Talent Report

Introduction

The central theme of Schellman’s Story of ’24 was Impact. From accelerating growth through acquisitions to achieving B-Corp Certification, the year was marked by surpassing goals, generating new ideas, and strengthening connections—all of which increased our impact.

Our achievements in 2024 included groundbreaking efforts in ISO 42001, an expanded range of services, and the successful pilot of a part-time program. Alongside these advancements, we attained a 93% score for Great Place To Work, earning us certification for the sixth consecutive year.

Equally important, we formed new partnerships and strengthened existing relationships—within the firm, with our clients, and in the community. We gave generously, recharged together at Reboot, and connected through our CARES events.

Our journey over the year was rewarding, productive, and fun- and we’re excited to share it with you! Read on to discover twenty-four ways Schellman leveled up in ’24! 

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Letter from the CEO

2024 was a big year for Schellman—altogether, it was a continuation of our upward trajectory, something that would not have been possible if not for the collaboration among our people. 

Their impact can’t be understated, particularly as that was our theme for the year—Impact. In 2024, Schellman increased our impact on the industry, took steps to decrease our impact on the environment, and further optimized our impact on our clients and strategic partners. It was a year of tremendous overall growth in both external and internal ways, and this, our latest People and Talent Annual Report, reflects that. 

This is just our second attempt at compiling all the data as a testament to all the work done and the success achieved last year. Now, with a second report under our belts, it’s exciting to be able to tangibly compare all our latest progress regarding innovating new solutions, developing our culture, and supporting our clients. In this—as always—we remain committed to our three core values—People come first, Openness builds trust, Never stand still. 

2024 represented another year of building upon those three pillars, and this People and Talent Annual Report proves it. As we look forward to 2025 and its new challenges, we’ll continue to focus on upholding those three values as we strive for greater heights. Thank you for being a part of our journey so far—we can’t wait for what successes will come next.

avani-desai-signature

AVANI DESAI
CHIEF EXECUTIVE OFFICER

Letter from the CEO

2024 was a big year for Schellman—altogether, it was a continuation of our upward trajectory, something that would not have been possible if not for the collaboration among our people. 

Their impact can’t be understated, particularly as that was our theme for the year—Impact. In 2024, Schellman increased our impact on the industry, took steps to decrease our impact on the environment, and further optimized our impact on our clients and strategic partners. It was a year of tremendous overall growth in both external and internal ways, and this, our latest People and Talent Annual Report, reflects that. 

This is just our second attempt at compiling all the data as a testament to all the work done and the success achieved last year. Now, with a second report under our belts, it’s exciting to be able to tangibly compare all our latest progress regarding innovating new solutions, developing our culture, and supporting our clients. In this—as always—we remain committed to our three core values—People come first, Openness builds trust, Never stand still. 

2024 represented another year of building upon those three pillars, and this People and Talent Annual Report proves it. As we look forward to 2025 and its new challenges, we’ll continue to focus on upholding those three values as we strive for greater heights. Thank you for being a part of our journey so far—we can’t wait for what successes will come next.

avani-desai-signature

AVANI DESAI
CHIEF EXECUTIVE OFFICER

Key Highlights

Schellman Basics

  • Only Cybersecurity firm in the Top 50 CPAs

  • 500+ professionals currently serving 1,200+ clients

  • Annually perform 3,900 projects spanning 55+ countries

  • Global Accreditation for ISO 27001 & PCI DSS

  • Pioneer & leading FedRAMP & CMMC Practices

  • Purpose built practices around penetration testing & privacy

  • Advanced capabilities in Cybersecurity, Software, Cloud Computing, Fintech, and Web 3.0

Consistency & Continuity

Schellman's industry-leading client and employee retention rates foster stability in an ever-changing landscape.

100%Retention of senior managers & above

98%Retention of clients in the rolling 24 months vs Industry @ 84%

88%Retention of people for the rolling 18 months vs Industry @ 65%

Download the Full Report

IRAP

AI

DORA

SSDF

ITGC and Business Controls Testing

Key Highlights

Broadening Our Scope

Similar to years past, we continued our growth trajectory and expanded our offerings by adding five new services:

IRAP

AI

DORA

SSDF

ITGC and Business Controls Testing

Key Highlights

Balancing Profit with Purpose

B Corp certification is a designation given to businesses that meet high social and environmental performance standards, accountability, and transparency. B Lab's Theory of Change calls for a fundamental shift in how we view the role of business in society: B Corps are evaluated not just on financial performance but on their impact on employees, communities, the environment, and customers.  For Schellman, becoming B Corp certified was a natural evolution, not a revolution. Creating a positive impact has always been part of our DNA. Our commitment to our people, clients, and community has been a cornerstone of our identity from day one—B Corp certification formalizes what we've always believed: business can and should be a force for good.  

Key Highlights

Making Headlines

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Key Highlights

Making Headlines

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Key Highlights

Looking Ahead in 2025

  • We’re focused on pursuing additional ISO accreditations, expanding our services in Europe, and supporting clients in managing their third-party risks, among other initiatives.
  • We are introducing an AI engine yet preserving the human expertise that sets us apart. The result is more time for our teams to focus on complex problem-solving and delivering exceptional client value.
  • We plan to expand our certification programs and increase our cross-training opportunities to include topics such as PCI, Sustainability, and more. We are also launching our newest leadership development program, Leading With Purpose.

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  • Our team will welcome another Emerging Talent Program for those professionals entering the field from college and continue spreading our knowledge at various conferences and other speaking engagements.
  • Cross-selling will continue to be a priority. We are rebranding it as 'cross-serve' to reflect our role as strategic compliance partners to our clients more accurately.
  • We will continue to promote the new sustainability, ISO AI, and other new services in 2025.