Holding onto staff employers’ biggest challenge

accounting/

10 February 2016
| By Nicholas |
image
image image
expand image

Finance chiefs believe their biggest challenge is holding onto key accounting staff, a survey finds.

Recruitment firm, Robert Half, revealed that 42 per cent of finance directors and chief financial officers (CFOs) were concerned about their ability to retain accounting staff, with 41 per cent also citing managing employees' workloads as a challenge.

Robert Half Asia Pacific senior managing director, David Jones, warned employers that effective management of key staff was essential for success.

"For financial leaders, retaining valued employees and managing workloads can be challenging and play a critical part in delivering growth which is their number one priority," he said.

"In order to strengthen their position in a highly competitive market, finance executives must respond to sector trends and ensure that they recruit, retain and manage their best talent effectively.

"Overworked employees are more likely to experience higher stress levels which can lead to burnouts and the decision to leave the business.

"It is therefore important that managers intervene in a timely manner by either redistributing tasks or by bringing on board an additional staff members temporarily to ensure business continuity is guaranteed."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3