When it comes to productivity and efficiency, investing in both your technology and your talent pays off.
Ongoing training, skills development, and opportunities to advance professionally regularly top the list of the best ways to retain talented workers. Combined with having the right technology in place is the number one way to boost productivity and drive efficiencies in your firm.
Smaller firms continue to struggle to fill roles, as experienced candidates are scarce, and many struggle to compete with the salaries and other benefits larger firms can offer.
The challenge is particularly acute when it comes to attracting younger professionals, who may be seeking to fast-track their career development by joining a larger firm.
Still, accounting firms can attract and retain young professionals by offering them opportunities to advance professionally, and further increase retention by providing ongoing training and skill development. They can also stand out by investing in the tools and technologies that create a competitive advantage over other firms.