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How to retain top talent in accounting and finance

In the current talent drought, employee retention should be your no.1 priority. Even the top accounting firms are bleeding money: for example, Ernst & Young has spent over $2 billion since 2020 to improve its hiring incentives and give existing staff pay rises. How do you hold on to your top talent in this climate? 1. Start with the hiring process Your talent management starts before you get your new hire’s name on the contract. To make people want to stay, give them a clear and realistic job description–the last thing you want is for them to be disappointed by what the role actually involves. Keep the application process easy and straightforward, nurture your candidate relationship, and yes–offer the best package you can afford. 2. Outsource Recruitment Free up your HR team to focus on keeping your existing employees happy by outsourcing your recruitment to a specialist accounting and finance recruitment agency. This will also help you source much better candidates much faster. 3. Pair New Hires with a Mentor Many employees leave in the first weeks or months because they feel lost, so make sure they have someone they can turn to for support at all times. 4. Encourage Employee Engagement According to Pew Research, only 30% of your workforce is engaged. Boost engagement by: ● Creating a mission and values and getting everyone on board ● Holding team-building events ● Offering advancement opportunities ● Having a transparent feedback loop with plenty of rewards ● Supporting work-life balance. ● Acknowledging achievements publicly. ​Sewell Wallis are your professional finance recruitment specialists. With offices based in Sheffield and Leeds we are well placed to support any client needing to recruit an accounting and finance, HR or office support professional across the whole of Yorkshire, Manchester, North Derbyshire and North Nottinghamshire. We have dedicated Recruitment Consultants who cover all levels from Purchase Ledger Administrator and Credit Controller level, through to Financial Controller, Finance Director and CFO level. ​​Contact our team today to find out how we can provide the finance industry’s best talent to help you succeed.

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In the current talent drought, employee retention should be your no.1 priority. Even the top accounting firms are bleeding money: for example, Ernst & Young has spent over $2 billion since 2020 to improve its hiring incentives and give existing staff pay rises. How do you hold on to your top talent in this climate?

1. Start with the hiring process

Your talent management starts before you get your new hire’s name on the contract. To make people want to stay, give them a clear and realistic job description–the last thing you want is for them to be disappointed by what the role actually involves. Keep the application process easy and straightforward, nurture your candidate relationship, and yes–offer the best package you can afford.

2. Outsource Recruitment

Free up your HR team to focus on keeping your existing employees happy by outsourcing your recruitment to a specialist accounting and finance recruitment agency. This will also help you source much better candidates much faster.

3. Pair New Hires with a Mentor

Many employees leave in the first weeks or months because they feel lost, so make sure they have someone they can turn to for support at all times.

4. Encourage Employee Engagement

According to Pew Research, only 30% of your workforce is engaged. Boost engagement by:

● Creating a mission and values and getting everyone on board

● Holding team-building events

● Offering advancement opportunities

● Having a transparent feedback loop with plenty of rewards

● Supporting work-life balance.

● Acknowledging achievements publicly.

Sewell Wallis are your professional finance recruitment specialists. With offices based in Sheffield and Leeds we are well placed to support any client needing to recruit an accounting and finance, HR or office support professional across the whole of Yorkshire, Manchester, North Derbyshire and North Nottinghamshire. We have dedicated Recruitment Consultants who cover all levels from Purchase Ledger Administrator and Credit Controller level, through to Financial Controller, Finance Director and CFO level. ​

Contact our team today to find out how we can provide the finance industry’s best talent to help you succeed.

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