In Pursuit of Profit
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But are you really prepared for the time you are able to hire a top performer on your accounting team?
Are you thinking hiring that great performer will take care of all your issues? I want to share some thoughts, so you realize that hiring a star does not really solve the issues you have. My goal in sharing this insight is to help you prepare yourself and the company before you hire the great addition to your accounting team so that you can make the most of this kind of hire.
Find out what you need to know about how Washington compensation laws are changing next year:
The considerable time required to fix payroll mistakes is a significant penalty for any company to pay when an error occurs. Then, when you figure in the added cost of reduced employee satisfaction, which in turn can lead to turnover or hamper future hiring efforts, the cost of experiencing payroll problems becomes even steeper.
So, what is a good cash conversion cycle?
Why? Well, it is an irrefutable fact that there was a drop in the number of accounting degrees being obtained between 1998 and 2008, which caused a ripple that is still being felt across many organizations. On top of that, the Great Resignation made finding senior-level accounting and finance professionals more difficult because of the surge in career changes and retirements.
But what is more controversial is the possibility that employers themselves may be to blame for the tight hiring market in accounting and finance. Yes, we said it. Those of you in search of a unicorn candidate may be partially to blame for the sentiment that there is no one qualified enough for the role you are looking to fill. Let us explain…