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3 Ways to Improve Retention in Finance and Accounting

September 14th, 2016

You’ve found fantastic, hard-working, and talented employees. Now, you want to be sure to keep them with your company. It’s not as easy as it seems in the finance and accounting job market, where employees aren’t expected to grind it out at a job that isn’t fulfilling to them. The good news is that there are some benefits you can provide your employees to keep them happily contributing to your company and content to stay for whatever the future holds.

Continued Education and Training Programs

A great way to keep employees excited and excelling at your company is to provide them with continued training or educational programs. Hold seminars, workshops, and even courses to allow your employees to stay ahead of the trends in the finance or accounting world. Whether you bring speakers or workshops to the office, pay for webinars, or obtain group rates for conferences, this workplace perk will not only make your employees realize their value with your company, but it also helps bolster their knowledge and experience base to better perform at your company.

Flexible Schedules

Flexible work schedules have grown in popularity over the last several years, and it can be especially relevant for the financial and accounting industries that have periods of down time. Allow your employees to work flexible hours, or even in flexible locations (from home or remote). This little bit of freedom is extremely rewarding and valued by your employees and there are plenty of ways to monitor productivity.  You can also look at rewarding performance with extra PTO or vacation days.

Fair Compensation

Chances are, you already pay your employees a competitive salary or wage. Now, be sure that you are giving them opportunities for yearly reviews and opportunities for increases in their compensation. While monetary rewards are not the only way to reward employees doing great work, (look at the other ways above), it is a significant factor in retaining your talented and goal-oriented employees. Set up a performance-based bonus or raise structure, and make the criteria clear. Every little incentive works in improving morale and performance, so small raises or compensation bonuses will be exciting to your employees.

Improve Retention Today!

If you’re looking for the top talent that is ready to make a lasting impact on your organization, contact Concorde Personnel today. With our great team of recruiters, we are a top staffing agency in White Plains and can find the talent that will help you now!
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