Motivated and talented employees are absolutely essential to the growth and success of a business. Without them, productivity and overall levels of output could suffer greatly. Are you thinking about how you can retain accounting staff in your firm? If not, you need to be. Following on from part 1 of this blog series, this article finishes looking at the 6 things that your staff want from your firm in order to stay and thrive.
Retain Accounting Staff: What do people want most from an employer?
In part 1, we covered that many people want supportive management, opportunities for development and flexible working from your firm. We touched on the importance of knowing what your staff and new potential employees want from you and highlighted how this can help you recruit and retain the best workers.
In this second part of this blog series, we will be looking at the last 3 wants in more detail.
6 things your staff wants from your firm
4. Benefits and perks
People look for employee benefits and perks that will enhance their life, so it is absolutely essential that you bear this in mind when looking to recruit and retain accounting staff.
Free stuff and extra services can be the difference between someone choosing a position with you or your competitor (even if you offer a higher salary!), so look at what you can offer them.
Consider benefits (a form of non-wage compensation) such as:
- Health and dental insurance
- Income protection insurance
- Pension contributions
- Childcare vouchers
- Gym membership
- Travel assistance
- Extra holiday time
Consider perks (nice-to-have additions to a salary and benefits package) such as:
- Flexible working
- Free food
- Wellbeing workshops
- Social events
- In-house yoga
- Bring your dog to work
- An extra day off for your birthday
- An annual Christmas party where you can bring your children and grandchildren
- Cycle to work scheme (employees get a bike tax free and your firm saves up to 13.8% in National Insurance contributions)
Perks are the above and beyond offerings that may sway a great employee to place more value on you over another employer. Think of them as the icing on the cake. Take time to consider how you can make the day-to-day lives of your employees better and you’ll be sure to attract some of the best.
5. Social conscience
More and more people are wanting to work for employers who demonstrate a social conscience, especially one that aligns with their own values, so think about ways you can give back to the community or foster an environmentally sustainable environment.
Giving back could be:
- Supporting charity fundraising
- Donating money
- Paying employees to volunteer their time
- Signing up to Pledge 1% (a global movement where companies donate 1% of their staff time, product, profit, and/or equity to ANY charity of their choosing)
However you can set aside time to encourage and support your employees to work as a team within the community, the better. Not only will you be viewed more positively by job seekers and your current staff, but you will also enhance your firm’s local reputation and will become much more competitive in the market.
6. Ethical business
When they can, people look for firms that align with their own values, firms that have high ethical standards, firms that hold people accountable for their conduct and performance.
Ethical business is a very common want among job seekers as people want an employer who has a good reputation for integrity, quality, and who runs their business responsibly. After all, if your reputation will be reflected on them in the working world, wouldn’t you choose someone with a positive one?
Recruit and retain accounting staff with these 6 concepts
Employees will place different weight on what they most value from an employer but if you satisfy these 6 areas within your firm, you can cover wants that many people are looking for.
- Supportive management
- Opportunities for development
- Flexible working
- Benefits and perks
- Social conscience
- Ethical business
If you think about the workforce as a whole and how you can improve their day-to-day lives with just a few changes, you can be sure that your firm remains competitive in the market and that you recruit and retain accounting staff that will be highly motivated, productive, and loyal.