Why Diversity, Equity, and Inclusion (DEI) Are So Vital in Your Organization!

Diversity, equity, and inclusion (DEI) are vital in your organization. These initiatives help create a positive workplace focused on innovation and growth:

  • Prioritization of diversity shows investment in employees at all levels regardless of their culture, ethnicity, gender, sexual orientation, religious beliefs, abilities, and other personal characteristics.
  • Creating equitable opportunities for advancement demonstrates dedication to every employee’s career development.
  • Providing an inclusive work environment helps employees feel welcome, valued, and respected for their contributions and results.

Emphasizing DEI in your organization increases employee engagement, performance, and productivity. The results include elevated job satisfaction, employee morale, and attraction and retention rates. These factors help strengthen your bottom line.

Discover why DEI is so Vital in your Organization.

More Attractive Company Culture

Emphasizing DEI helps create a company culture that attracts and retains employees:

  • Diversity means employees of all backgrounds are welcome, valued, and respected within your company.
  • Equity means employees at all levels have access to the unique resources and support they need to advance within your organization.
  • Inclusion means every employee has access to the benefits and support needed to help them feel like valued, respected members of your organization.

Greater Problem-Solving

Prioritizing DEI throughout your organization encourages employees to share their unique ideas and perspectives. This diverse information helps develop and implement creative solutions to complex problems. The results include elevated innovation and a stronger competitive advantage.

Elevated Employee Retention

Employees want to work for organizations that honor and reward diversity, actively help them reach their career goals, and provide effective resources and support to help them feel welcome and respected. Therefore, prioritization of DEI encourages employees to take pride in their work and remain long-term. The results include lower hiring, onboarding, and training costs.

Clearer Customer Understanding

Hiring diverse employees helps clarify what your targeted customers are looking for in the products and services they purchase. Gaining additional insight into your customer base helps fill their needs and increase sales.

Stronger Customer Base

Customers who see themselves represented in your diverse workforce are likely to do business with your organization. For instance, hiring diverse employees provides a sense of authenticity and support for customers of all backgrounds. Also, providing a voice for diverse customers’ concerns helps build better customer relationships and strengthen the bottom line.

Would You Like Help to Increase DEI in Your Accounting and Finance Team?

Casey Accounting & Finance Resources can provide you with diverse accounting and finance professionals to help increase DEI in your team. Contact us to learn more today.

Four Tips for Managing a Hybrid Work Model

Managing a hybrid work model can be challenging. Because every organization has different needs, their approaches to managing hybrid employees differ.

Having guidelines for managing a hybrid work model lets leaders know what to expect and suggested steps to take. These ideas can help.

Choose among these four tips for managing a hybrid work model.

1. Emphasize Outcomes Rather Than Output

Define success in terms of seeing specific changes within your organization and stakeholder behavior rather than how your work is proceeding. Focusing on outcomes rather than output helps your team reach the desired change with the smallest amount of initial and ongoing work.

Emphasizing outcomes rather than outputs provides many results:

  • Your definition of success is more meaningful. For instance, if you prioritize increasing your team’s number of new and renewing clients, you can tie your team’s efforts to something valuable for your organization and customers.
  • You are encouraged to learn through feedback. For instance, you can establish a metric you want to attain, decide which action should drive the desired results, take the action, and measure the results.
  • You gain flexibility. Focusing on outcomes means your main definition of scope is reaching the target value of your outcome-based metric. Therefore, you must act within the budget and timeframe to reach the intended outcome.

2. Be Deliberate About Team Interactions

A hybrid work model requires purposeful interactions between leaders and their teams when working remotely. More frequent interactions help build stronger work relationships.

For instance, leaders should allow remote employees time between virtual meetings for casual conversations as they would have if working at the office. Also, leaders should have check-in times throughout the day to monitor the well-being of their remote employees and offer support when needed.

3. Strategize Teamwork

Leaders should evaluate which tasks and projects require individual work and which require teamwork. For instance, projects with standardized metrics and routine tasks are typically suited for individual work. Conversely, creative tasks typically require team interaction.

4.  Prioritize Autonomy and Alignment

Managing a hybrid work model requires leaders to encourage autonomy and alignment within their teams. These leaders also must support their teams’ diverse ideas, thoughts, and viewpoints to improve the organization.

For instance, employees at all levels should be involved in making decisions that align with the culture. Encouraging open communication throughout the decision-making process supports innovation and company growth.

Do You Need to Add to Your Hybrid Accounting and Finance Team?

Casey Accounting & Finance Resources can provide you with experienced accounting and finance professionals to help your hybrid team reach company goals. Find out more today.

How You Can Make the Most of Employee Performance Reviews

Making the most of employee performance reviews can be challenging. Many companies do not have an effective process to provide constructive feedback in a structured manner to improve employee performance.

The purpose of performance reviews is to create an accurate, actionable evaluation of an employee’s performance and develop their skills in line with their job duties and responsibilities. The goal is to identify areas in which employees can improve, practice their skills, and develop into high performers.

Fortunately, you can follow these best practices to help streamline the process of planning and conducting employee performance reviews. Following these recommendations provides structure to have these important conversations.

Follow these steps to make the most of employee performance reviews.

Clarify the Employee Performance Standards

Let employees know well in advance the standards and expectations for their performance reviews. Then, they can understand what they working toward and can perform accordingly.

Clarifying which employee activities are most important helps show the impact of on-the-job behaviors. Demonstrating the causal relationships helps show which behaviors led to positive outcomes and which behaviors led to bad outcomes. Then, employees can focus on the relevant behaviors to reach the desired outcomes.

Describe Specific Observations of Employee Performance

Share specific, descriptive feedback about the employee’s strengths and weaknesses and concrete suggestions to improve their performance. Include examples of behaviors that led to positive outcomes during the review period.

Support Open Discussion About the Employee’s Performance

Encourage the employee to respond to your feedback. They can provide additional insight into why they behaved a certain way or how they can improve in specific areas.

Perhaps the employee requires training and coaching to develop certain skills and improve their performance. Or, the employee might need additional incentives to increase motivation.

Develop an Employee Performance Improvement Plan

Discuss specific steps the employee can take to improve their performance. Include relevant resources, deadlines for improvement, and measurements of success. Then, schedule a time to follow up.

Follow Up on the Employee Performance Improvement Plan

Meet with the employee at the scheduled time to review their performance improvement plan. Evaluate whether the employee reached their key performance indicators (KPIs) for successful change.

If the employee reached their KPIs, discuss the improved performance and provide a relevant reward. Conversely, if the employee did not reach their KPIs, talk about the behaviors you observed and how they impacted performance. Uncover the causes of the underlying issues and how you can help resolve them. Create another performance improvement plan with a timeline to follow up.

Do You Need to Add Accounting and Finance Employees to Your Team?

Casey Accounting & Finance Resources can provide you with accounting and finance professionals to help improve your team’s performance. Find out more today.

Four Ways to Stay on Track with Your 2024 Company Goals

Staying on track with your 2024 company goals supports business success. Knowing whether employees are reaching scheduled milestones increases the odds of goal achievement.

Holding employees accountable for reaching company goals encourages workers to continue to attain their milestones. These methods can help.

Four Tips to Reach Your Goals

1. Ensure Each Goal Has Milestones and Deadlines

Clarify that managers and employees have copies of their individual and team goals, milestones, and deadlines. Also, ensure managers and employees understand what should be accomplished, when each task is due, and the impact on the organization.

Remind managers and employees they are responsible for completing each of their milestones and goals according to the schedule. Also, clarify you will be periodically checking in to track employee and manager success in reaching your 2024 company goals.

2. Regularly Review Progress Toward Company Goal Attainment

Ask managers to track their individual and team progress toward your 2024 company goals. Then, regularly check in with managers to evaluate how well they and their teams are reaching their milestones.

If a manager is not staying on track with their goals, talk about the underlying reasons. Work with the manager to resolve the issues, provide additional resources and support, and get back on track. Ask managers to do the same for their employees who get off track.

3. Modify Company Goals as Needed

Regularly evaluate your 2024 company goals to determine whether they remain relevant throughout the year. If your strategic plans change, your company goals might change as well.

Communicate with the relevant manager about the changes to your company goals as quickly as possible. Let them know exactly what is being changed, why, and who is impacted. Then, ask the manager to communicate the changes to the relevant employee. Follow up to ensure the changes were implemented correctly.

4. Provide Recognition and Rewards for Company Goal Achievement

Recognize and reward employees at all levels who attain a company goal. Let these employees know how much their efforts and results are valued and appreciated. Consider providing a bonus, pay increase, or promotion to help your business grow.

Would You Like Help to Reach Company Goals?

Partner with Casey Accounting and Finance Resources to hire accounting and finance professionals who can help reach your 2024 company goals. Start the process today.

Sought-After Soft Skills in Today’s Accounting and Finance Talent

Accounting and finance talent who have sought-after soft skills are assets to your team. These skills help your employees effectively interact and complete their work.

Accounting and finance professionals who can effectively manage their time, communicate, collaborate, and solve problems provide substantial value to your organization. As a result, you should strengthen these soft skills within your team.

Look for these sought-after soft skills in today’s accounting and finance talent!

Time Management

Effective time management is required for accounting and finance talent to complete tasks by the deadlines. These activities require understanding how long processes should take and properly planning workloads.

You should work with team members who have difficulty with time management. You might make the following suggestions:

  • List each task and its due date.
  • Prioritize the tasks for each day or week.
  • Set a reminder for each task.
  • Work on each task at the scheduled time.
  • Check off each task after completion.

Communication

Your accounting and finance talent must effectively communicate to complete their work. For instance, your team members must be able to share financial information with non-financial professionals in ways they understand. Your team also should explain why the information matters, its impact on the company, and specific actions an employee could take to improve the numbers.

You might practice developing your team’s communication skills by roleplaying financial discussions where you represent an employee from a different department. You also could ask your employees to write out explanations of financial reports and how they impact specific departments within your organization.

Collaboration

Your accounting and finance team’s success depends on everyone working together. Having each member contribute helps reach common goals.

You can encourage collaboration by recognizing specific ways your team members help each other. Positive reinforcement supports the repetition of the behaviors you want to see.

Problem-Solving

Accounting and finance teams are focusing more on advisory services. Therefore, these professionals should be able to solve unique, increasingly complex problems.

Talent who can navigate unexpected challenges provides additional value for your organization. Therefore, you should encourage your employees to focus on finding solutions before coming to you with problems. These actions support critical thinking, decision-making, and problem-solving.

Are You Looking for Accounting and Finance Talent?

Time management, communication, problem-solving, and collaboration are among the most sought-after skills for today’s accounting and finance talent. Actively developing these skills helps your team increase their value for your organization.

If you need help with adding talent to your team, include Casey Accounting & Finance Resources in your hiring process. Get in touch with us to learn more today.

Helping Your Employees Prioritize and Set Strong Goals

Helping your accounting and finance employees prioritize and set strong goals is essential for business success. Planning what your team should achieve in 2024 helps create a foundation for success.

Working with your employees on goal-setting provides steps that inspire and motivate them to attain your organization’s long-term vision. The results include increased employee engagement, productivity, and performance. These factors elevate employee morale, attraction and retention, and your bottom line.

Implement these tips to help your accounting and finance employees prioritize and set strong goals!

Develop SMART Goals

Your employees’ goals should be specific, measurable, attainable, relevant, and time-bound (SMART):

  • Specify what should be achieved and why it is important.
  • Clarify what the measurements of progress and success will be.
  • Make sure each challenge can be overcome in a reasonable amount of time.
  • Focus on the benefits of each achievement for the employee and the organization.
  • Develop a sense of urgency to remain on track and reach each objective.

Create Similar Goals for Employees with Similar Jobs

Maintaining consistency in goal-setting for employees with similar job duties and responsibilities supports an environment focused on growth. Having employees work toward similar goals supports healthy competition to reach milestones and objectives. These activities help minimize employee frustration and resentment.

Monitor Employee Progress Toward Goal Attainment

Regularly check in with each employee to determine whether they are on track to reach their goals. Allow time to answer questions, provide constructive feedback, and offer support.

If an employee misses a deadline, help them determine what happened and how the issue can be resolved. Then, reset the deadline and follow up at the given time.

Reward Employee Goal Achievement

Recognize and reward each employee who reaches a goal. Include the steps taken to attain the objective and the impact on your company. Also, consider giving the employee a certificate, additional paid time off, bonus, pay increase, or promotion for their hard work.

Honoring employees who attain goals shows you value and respect their contributions and results. These actions encourage employees to continue their behaviors and increase their value to your organization.

Do You Need Help with Hiring?

Developing SMART goals provides your employees with guidance and motivation to increase their value for the organization. Also, creating similar goals for employees with similar jobs supports healthy competition to reach the objectives.

Monitoring employee progress toward goals helps your team stay on track and reach their objectives. Also, rewarding your employees for goal attainment encourages them to continuously increase their performance and elevate your company’s success.

If you need help with hiring, Casey Accounting & Finance Resources can provide you with skilled professionals who can help reach your business goals. Reach out to us to learn more today.

Three Team-Building Exercises That Can Help Your Team Grow

Team-building exercises are designed to help your team grow. The games and activities are created to build teammate relationships and support a positive company culture.

The goal of team-building exercises is to help teammates get to know, respect, and trust each other as they collaborate to achieve a desired outcome. The targeted skills include motivation, creativity, communication, and problem-solving.

Regularly organizing team-building exercises helps your team develop their skill sets and strengthen their commitment to their roles. These suggested activities can help.

Choose among these three types of team-building exercises to help your team grow.

1. Communication Exercises

Help your team to develop their communication skills with any of these exercises:

  • Blind Retriever: Divide your team into small groups. Provide each group with a blindfold. Have each group blindfold one member, then guide them to an object.
  • Building Blocks: Divide your team into pairs. Provide each pair with a pack of cards that have a different question written on each. Have your employees take turns asking and answering the questions.
  • Circle of Appreciation: Have your team form a circle. Ask each employee to share one thing they appreciate about the teammate to their left.

2. Creative Thinking Exercises

Support your team in developing their creative thinking skills with any of these exercises:

  • What’s My Name?: Provide each team member with a note card that has a famous person’s name on it. Have your team members walk around and ask each other questions to figure out each other’s person.
  • Design Battle: Divide your team into small groups. Provide each group with a product or service. Ask each group to create a poster for their offering.
  • Idea Day: Ask your team to share creative ideas to update company processes and procedures, develop new products or services, or create other business ideas. Choose the most beneficial idea to develop and implement as a team.

3. Problem-Solving Exercises

Encourage your team to develop their problem-solving skills with any of these exercises:

  • Barter Puzzle: Divide your team into small groups. Provide each group with a jigsaw puzzle that has a few pieces removed and given to other teams. Have the groups find ways to barter for the pieces needed to finish their puzzles.
  • Business Simulations: Divide your team into small groups. Provide each group with the same scenario involving a business problem, resources, and a deadline. Compare the solutions after the deadline passes.
  • Solution Day: Schedule a meeting for your team to share creative solutions to problems your company is facing.

Do You Need Help with Growing Your Team?

The goal of team-building exercises is to help your team grow. Depending on your goals, you might choose communication, creative thinking, or problem-solving exercises to enhance your team’s skill sets.

If you need help with growing your accounting and finance team, include Casey Accounting & Finance Resources in your hiring process. Get in touch with us to learn more today.

The Important Role Feedback Can Play for Employee Engagement

Feedback plays an important role in employee engagement. Sharing concrete examples of what an employee does well, how they could do better, and specific steps for improvement helps elevate performance.

Employees who implement feedback given understand exactly what they are working toward. As a result, these employees are likely to stay engaged as they finish their tasks. The results elevate your bottom line.

Discover the important role feedback can play in employee engagement.

Ongoing Communication

Feedback requires regular communication with your employees. Sharing ideas, perspectives, and suggestions to approach tasks helps minimize conflict and elevate performance.

Ongoing communication helps your employees feel heard and respected. As a result, your employees should effectively collaborate and remain engaged as they work toward their goals.

Employee Motivation

Sharing feedback shows you want the best for your employees. Therefore, your employees should feel valued and appreciated. They also should be motivated to stay engaged in their work as they improve their performance.

Minimal Errors

Sharing feedback helps ensure tasks are completed correctly. Not having to go back and fix mistakes saves significant time and money. The results include greater performance and productivity.

Stronger Leadership

The implementation of feedback helps your employees become more focused leaders. Leadership development is an effective method to increase employee engagement, performance, and retention.

Employees who consistently receive feedback can elevate their performance. As a result, these employees can take on additional responsibilities, grow into more senior roles, and provide additional value for your organization.

Tips to Provide Feedback

Implement these tips to properly provide feedback to your employees:

  • Provide specific examples of what your employee does well and what areas they could improve.
  • Include as many details as possible.
  • Remain nonjudgmental.
  • Focus on coaching to improve performance.
  • Show you have the employee’s best interest in mind.
  • Encourage your employees to engage during feedback conversations.

Do You Need to Hire Accounting and Finance Employees?

Feedback can play an important role in employee engagement. For instance, implementing feedback supports ongoing communication and provides motivation to improve performance. Also, regular feedback provides guidance to minimize mistakes and a strong foundation for leadership. These results help strengthen your bottom line.

If you need help with hiring accounting and finance employees, include Casey Accounting & Finance Resources in your process. Reach out to us to learn more today.

Interview Red Flags to Be Mindful of When Hiring

Being mindful of red flags when interviewing helps you make effective hiring decisions. Adding the right candidates to your accounting and finance team helps reduce hiring, onboarding, and training costs.

Discovering red flags during the interview process decreases the number of candidates who advance to the next step. Narrowing down your candidate pool helps you make more informed hiring decisions.

Be mindful of these four interview red flags when hiring.

1. Disinterest in the Job

A lack of interest in the role indicates the candidate likely does not anticipate remaining with your organization long-term. The candidate might just want an income source until they can find a position that better fits their interests.

If the candidate cannot provide a clear source of motivation to work for your company, they likely do not care enough to stay for an extended time. Therefore, you should focus on other candidates instead.

2. Speaking Negatively of Previous Employers

A candidate who shares negative opinions of previous managers, colleagues, or coworkers might be difficult to work with. The candidate could have a poor work ethic, lack accountability for their actions, or have difficulty getting along with others. As a result, you should continue to look for a different candidate.

3. Lack of Questions During the Interview

A candidate who asks questions during an interview is interested in the job and company. They want to learn as much as they can to determine whether the role and organization are a good fit for their goals and qualifications.

As a result, a candidate who asks no questions likely is not invested in working for your company. Therefore, you should find other candidates to interview.

4. Questionable References

An inability to reach any of the references a candidate provided suggests the references might be fictional. Because professional references are highly responsive, you should be able to get a hold of them within a reasonable amount of time.

Listing questionable references implies the candidate might have poor interpersonal skills and be difficult to work with. As a result, you should focus on other candidates instead.

Would You Like Help with Interviewing?

Be mindful of interview red flags such as disinterest in the job, speaking negatively of previous employers, a lack of questions during the interview, and providing questionable references. Candidates who display any of these issues might not be a good fit with your organization. Therefore, you should look for other candidates who could provide more value to your company.

Casey Accounting & Finance Resources is available to help you interview accounting and finance professionals. Contact us today to get started.

Four Ways You Can Support Your Employees and Their Mental Health

Increasing sources of stress at work and at home are adversely impacting employees’ mental health. As a result, many employees are struggling with anxiety, depression, and other mental health concerns. Ongoing exposure to stress can lead to burnout.

As an accounting and finance manager, you must take steps to support your employees and their mental health. These suggestions can help.

Choose among these four ways to support your employees and their mental health:

1. Model Healthy Behaviors

Demonstrate healthy behaviors you would like to see in your employees. Examples include prioritizing self-care and maintaining boundaries.

For instance, you might share that you are taking a walk to clear your head, engaging in a therapy appointment after work, or planning a staycation for the following week. These behaviors support mental health and help prevent burnout.

2. Offer Flexibility

Provide your employees with the flexibility required to fill their changing personal needs. Examples include working remotely, having a flexible schedule, and taking additional time off as needed.

Regularly talk with your employees as they go through transition points. Find out whether your employees require additional support and how you can help them out.

3. Support Employee Connections

Regularly check in with your employees to see how they are doing. For instance, find out how your employees are handling their workloads, whether they have any questions or concerns, and whether they have any issues to address. Also, ask whether your employees require additional support and how you could best provide it.

Actively listen to your employees. Also, ask follow-up questions to gather more information. Additionally, repeat what you heard to check your understanding. Plus, respond with empathy.

4. Normalize Mental Health Discussions

Talk with your employees about mental health concerns. Because virtually everyone experiences problems with their mental health at some point, open discussions help reduce the stigma.

Be honest about your own mental health struggles. Include your methods for gaining support, such as taking antidepressants and seeing a therapist twice weekly.

Create a safe space for your employees to share their own mental health issues. Provide as much support as possible.

Discuss employee benefits that provide mental health support. Examples include employee resource groups (ERCs), meditation groups, and counseling services.

Do You Need Hiring Support?

Modeling healthy behaviors, offering flexibility, supporting employee connections, and normalizing mental health discussions help support your employees and their mental health. These actions increase employee engagement, performance, and productivity. The results include greater job satisfaction, employee morale, and attraction and retention rates.

If you are struggling to hire qualified accounting and finance professionals, Casey Accounting & Finance Resources can provide support. Reach out to us today.