Can You Keep Your Best Finance Staff After Tax Season?

It’s a candidate-driven job market out there, as a strong economy and low unemployment rate continue with no end in sight. This makes it difficult to both source talented finance staff, as well as retain the ones currently in the fold. Considering the costs incurred during the hiring process, keeping employee morale at its highest is essential for your finance organization.

With a high retention rate in mind, here are a few insights and ideas on how to keep your most talented finance staff professionally satisfied and focused on their jobs. Leverage these tips to keep your company’s productivity rate as high as possible.

Provide Meaningful Onboarding and Employee Development Processes

When your company onboards a new hire, it’s the perfect time to introduce them to your office culture and environment. A program focused on professional development helps build employee morale, while giving employees a good reason to stay with your firm for the long haul. A meaningful training program, focused on the latest innovations in the financial world – especially FinTech – is a key portion of any well-considered employee development plan.

Continuous Employee Feedback Is Essential

The days of waiting until an annual review to provide feedback to your financial employees are waning. Instead, they want that feedback – both positive and negative – to happen on a continual basis. Developing a review process focused on the entire year ensures your employees know where they are succeeding and what things they need to improve.

Forge a Company Known for Giving Back to the Community

A study on charitable activities in the business world noted that 75 percent of workers who volunteer at the office feel better about their employer as a result. Other meaningful benefits abound, including 93 percent reporting improved morale and 88 percent getting a boost in self-esteem. Needless to say, your organization needs make giving back to the community an important part of its company culture.

Offer Competitive Pay and a Robust Benefits Package

Compensation still matters when it comes to retaining your top financial professionals. The salaries your company provides needs to be competitive at minimum, while being generous with annual or other project-based bonuses. Additionally, offer other perks including great insurance, flexible scheduling, and the ability to work from home on occasion.

If your company needs advice on building and retaining a great team of finance staff, talk to the experts at Venteon. As one of the top financial staffing agencies in Michigan, we provide the candidates able to contribute to your success. Contact us today to find out how we can provide better finance staff to your organization.



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