Challenges in Recruiting for Accounting & Finance Positions and How to Conquer Them

As The Great Resignation goes on, many employees are leaving their jobs for other opportunities. Therefore, the challenges in recruiting for accounting and finance positions continue to increase.

Many accounting and finance professionals are expected to accomplish more with fewer resources. This increases stress levels, especially during busy seasons. The inability to maintain work-life balance often leads to burnout.

As more accounting and finance professionals leave the industry or retire, fewer professionals are entering the field. This increases the challenges in recruiting for accounting and finance positions.

Because accounting and finance professionals are needed to drive business, company leaders must find ways to increase employee attraction and retention. These tips can help.

Learn the challenges in recruiting for accounting and finance positions and how to conquer them.

Loss of Talent

Many experienced accounting and finance professionals are leaving the industry. Job-related mental health concerns, such as anxiety and depression, are among the top reasons why.

Lack of work-life balance, especially during busy seasons, also contributes to the decision to leave. Constant exposure to work-related stress can lead to burnout.

Seasoned professionals are the hardest professionals to replace. This is especially true for mid-career professionals.

Increased Automation

Fortunately, you can support your accounting and finance team by implementing robotic process automation (RPA). This software emulates human actions and mimics how humans interact with technologies.

RPA can help with essential accounting and finance functions:

  • Analytical procedures
  • Financial statement preparation
  • Dual-purpose audit tests
  • Forecasting
  • Investment decisions
  • Cost allocation
  • Expense reimbursement
  • Accounts payable
  • Accounts receivable
  • Reconciliation
  • Tax reporting
  • Cloud-based applications

Providing access to the necessary tools, systems, and support helps accounting and finance professionals complete their work. This helps maintain work-life balance and positive mental health while reaching company goals.

Work with an Accounting and Finance Staffing Agency

You can conquer the challenges in recruiting for accounting and finance positions by partnering with a staffing agency that specializes in the industry. The agency has a vast network of experienced professionals with the skills and qualifications needed to help you achieve your company’s goals.

You can choose from temporary, temp-to-hire, and direct-hire workers to blend with your full-time employees. Taking advantage of this flexibility helps save money while filling your staffing needs.

Partner with Casey Accounting & Finance Resources

The loss of talent in the accounting and finance industry requires increasing use of automation to support your workforce. Working with an accounting and finance staffing agency can help you find the qualified professionals you need to reach your business goals.

Reach out to Casey Accounting & Finance Resources for help filling your recruiting needs. Get started today.

Where Are All the Candidates? 4 Ways to Attract Passive Accounting Job Seekers

Because passive candidates are well-compensated and passionate about what they do, they have no desire to look for a job. Since they are always adding to their skill set, experience level, and accomplishments, passive candidates have employers and recruiters actively pursuing them. To stand out among all the others, you need to show passive candidates what you have to offer that others do not and how working for you will benefit them. Here are four ways to attract passive candidates.

1. Focus on Company Branding

Cultivate a brand that markets your company as a choice employer. For instance, focus on what makes employees choose your business over all others. Point out your flexible schedule, extensive employee benefits, stock options and competitive compensation. Mention remote work options, bonuses, professional development, and opportunities for advancement. Ask current and former employees to write company reviews on websites such as Glassdoor. Work toward being placed on top lists and other independent review articles that show your business in a positive light.

2. Engage on Social Media

Use social media to engage with followers. For instance, search for and qualify passive candidates on LinkedIn. Use their profile information to determine whether they possess the skills, experience, and qualifications you are looking for. You may even come across links to candidates’ websites or online portfolios. You also can participate in LinkedIn Groups in your industry to engage with potential candidates and introduce them to opportunities. Additionally, you can use LinkedIn Recruiter to target your search and reach out to passive candidates. Along with LinkedIn, you can create and share content, including job openings and company information, on Facebook, Twitter, and Instagram. Your followers can share content with their networks, promote your information, and encourage others to work for you. You may respond to comments and interact with potential candidates to build relationships and encourage interest in employment.

3. Ask for Employee Referrals

Encourage your employees to provide referrals. Because people typically associate with like-minded individuals, your best workers should be able to recommend other top performers. Also, since people enjoy working with others they know, referrals are more likely to accept an interview. They have greater access to insider information about company culture, job responsibilities, and other pertinent details that may help them during the interview. You may even create an employee referral program that rewards both parties when a successful hire has been employed for a specific length of time.

 4. Search Your Database

Use your database to search for past candidates who may be interested in a job change. If they interviewed with you before, they should know about the company, department and culture. Candidates also may have gained skills and experience that can benefit your business. Those who were treated well and impressed with your company will be more open to working with you.

Find Passive Candidates Through Casey Accounting & Finance Resources

Find passive candidates through a leading Chicago staffing firm. Reach out to our top recruiters today!

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