What makes an accounting firm great? Broad service offerings? Service continuity Reliable corporate structure has many factors that can make a firm great or not. Still, accountants in Nottingham are essential to building the best accounting firms around the globe. F&A firms are constantly fighting to find the best accountants on the market. We want to offer you all the support you need in this competitive market for talent. These are our top tips for attracting and retaining top accounting talent to your company.
Build a Great Company Culture
Company culture is more than just creating strong mission-vision statements and formulating attractive core values. Positive company culture means creating a safe and secure environment where employees feel valued, respected, and encouraged to excel in their work. These programs include programs that allow them to learn about their respective professions and incentives programs that encourage employees to be appreciated for their work. Most managers believe that the company culture is rarely a factor in an employee leaving. Richard Pearson explains in his article that 89% of managers believe employees leave because they are offered higher pay, but 80-90% of employees leave for other reasons. Your company culture can help you attract top talent.
Define the Employee Value Proposition
Your EVP is an essential value for attracting the best talent and making your organization an employer of choice in today’s market. The Employee Value Proposition (EVP), which highlights your company’s competitive advantage over other employers, is the key to attracting top talent. Employees can also get a clear picture of the company’s goals for the future and how each member of the team can achieve them. This helps employees realize their value and fulfills their need to self-actualize.
What do your employees love about working in the group? What is it that makes you different from other employers? Are you able to offer your employees competitive benefits (tangible or intangible?) What is your organization’s impact on society? These questions will help you determine if your EVP is at its best. It is vital to address the needs of accountants in the market by implementing organizational initiatives. Contact us to learn more about how to attract and retain the best accountants.
Provide Them With Growth Opportunities
For Gen Y and millennial accountants, providing rich career progression and development opportunities is a great way to attract them. Millennial accounting and finance professionals can make a significant impact on your company and the industry. These young professionals are seeking mentors who will help them to reach greater heights in their careers. You can help them grow by giving them challenging tasks and keeping them interested in the accounts they manage. Training them to use the most recent accounting software and tools is a great way to help their career and improve their F&A services.
It is not easy to attract and retain good accountants and finance professionals. This requires constant effort. Each professional is different and requires different opportunities from their employers, so partners and owners of accounting firms should be aware.