With the different added struggles that have amounted since the start of the Pandemic, many people are deciding to quit their jobs in search of more flexibility, higher compensation, greater career satisfaction, and other advantages, a shift that’s being referred to as the “Great Resignation.”
What could it mean for your firm?
Here are a few tips to Stay Ahead!
#1 Rethink Your Hiring Strategy
If you are a small firm you may not be able to offer a huge paycheck as other large competing firms, but utilize the expertise of your marketing and human resources teams to develop messaging that will make your firm stand out.
#2 Outsource and Automate
You may not be able to hire all the employees you need for your business but many talented freelancers are there that you can outsource the work to and free up your team for high-value projects that are more rewarding. Talk to your IT team and solution providers to see what’s possible with your existing tools and technology so you can automate routine consistent manual tasks that are time-consuming.
#3 Develop and Upskill Your Team
Investing in upskilling your all staff, including administrative, IT, and marketing professionals—not just CPAs will go a long way toward showing them they have a future in the profession and keeping them in your firm. You should also consider technical skills beyond their current roles, such as data analytics or specialized technical certifications related to your firm’s niches.
#4 Be Flexible to Retain Talent / Don’t Ignore Firm Culture
With many employees working from home since the start of the Pandemic, the reality is that many have decided to not return to the office. Forcing these employees to return to the office will likely backfire. For those team members that struggle to be remote, you opt to manage those separately while acknowledging those remote workers who are doing an excellent job regardless of their location, which will allow everyone to be more successful. You can still maintain your culture remotely as well by celebrating milestones and birthdays.
Employees may leave your firm for a variety of reasons, but the Great Resignation doesn’t have to spell disaster. Make the most of the team you have and consider the strategies outlined above to get ahead of the Great Resignation.