In Pursuit of Profit
Read our expert article below or sign up to get articles sent to your inbox.
Of course, you need to find the right technical skills, industry relevancy and appropriate experience level or education. But there are soft skills to consider too, such as communication, creativity, emotional intelligence, maturity in their experience, and career goals. These soft skills are every bit as important because they can play a critical role in a potential employee’s ability to succeed.
Research increasingly shows that hiring people for “cultural fit” (seeking out individuals who align with your company’s unique culture and values) is an essential part of effective strategic hiring. My own recruiting experience backs this premise. Over my 45 years in the recruiting industry, I’ve found that the most important factor in hiring isn’t technical skills. 12/20/2023 4 Ways to Inspire your Accounting Team
Research shows that inspired employees are more productive, and I think we can all agree colloquially that we have felt that before in roles where we were inspired to do our best work. Inspired teams are highly productive, innovative, strong, and resilient. For all of us who lead or influence at any level of an organization, we would be wise to consistently stoke the fires of inspiration for our teams.
Why? Because it requires a balance of both technical and financial knowledge to accomplish and because issues can arise during a migration that are time-consuming to fix. As a result, both apprehension and confusion typically surround the topic of migrating to a new accounting system.
So, how do you migrate accounting systems smoothly to avoid a headache? The key is in taking the right steps before, during, and after the migration to ensure a positive outcome. Take the time needed to effectively plan for not only the most fun parts of the new venture, but to think through key accounting considerations that can aid in promoting growth and mitigating financial risk.
There is skepticism around whether special skills are required to recruit well, how much experience plays a part in the process, and if the benefit justifies the cost.
11/17/2023 How to Handle Excess InventoryOriginally published: 1/12/2022 Updated: 11/13/2023 Census Bureau data indicates that U.S. retailers were holding onto $732 billion in inventory in July of 2022, which was a 21% increase compared to the year prior. Held inventory peaked in the US at the end of 2022, and while companies have made strides to work some of that down in the more than a year since, it remains high in many industries with consumer purchasing still depressed by economic conditions. If your company is carrying an abundance of inventory, it is important to act quickly to get it off your books and out of your warehouses. Use this guide to understand why excess inventory is so costly, and what to do about it! 11/9/2023 Where are All the Accountants Now?
For the last few years, it seems like every accounting article has mentioned the shortage of accountants in one way or another. Business leaders, recruiters, and accountants themselves are bemoaning the ongoing accountant shortage. In a time when people have a hard time agreeing about anything, the consensus these days among everyone talking is unanimous – the scarcity of accountants has become a serious problem. And yet, the proposed solutions continue to fall short of addressing the problem in a meaningful way because they fail to take into account why accountants are actually leaving.
11/3/2023 The Intersection of Accounting and AI – The Complete Guide to What Business Leaders Need to Know
It is situations like these that proponents of AI in accounting are hoping to reduce (or eliminate entirely) by using AI applications like automation and machine learning. As our team explains when discussing the future of accounting, Technology can be used to augment accountants’ responsibilities, increasing efficiency and improving job satisfaction. AI is currently the most transformative force in the accounting industry, and with good reason! AI allows accountants to do better work faster, improving accuracy, scalability, data availability, and collaboration to drastically improve business outcomes. But increased accuracy and efficiency are not the only benefits that AI has to offer. AI use in accounting can also improve job satisfaction, providing more fulfillment in the work that accountants do. Reducing the amount of busywork accountants are responsible for frees them up for more strategic activities, allowing them to act in more of an advisor role instead of just a number crunching capacity. This shift can greatly help to retain accountants amid the current labor shortage.
|
SUBSCRIBE:DOWNLOAD:DOWNLOAD:Categories:
All
Archives:
April 2024
|
Services |
Company |
|
12/29/2023