In Pursuit of Profit
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It typically takes age and perspective to appreciate the true value of time and reorient ourselves to using our time more wisely.
In business, time measures efficiency, productivity, and the amount of human capital needed to operate a business. There seems to be a never-ending quest to find that next tool which will save and costs. From optimizing workflows, to new software solutions, and now how AI can be implemented, businesses are trying to free up time by removing mundane tasks from the workload. These tools aren’t really “time savers,” but instead seek to shift how time can be spent toward higher skill tasks that can add more value to the bottom line.
As businesses look to cut costs and streamline their operations, one area has often escaped the scrutiny it deserves - the time cost of meetings.
What is your recourse if you cannot remedy performance issues? How do you set up future hires or service providers for success to avoid these kinds of issues in the future?
We’ll cover these topics in our guide to accounting management:
In recent months we have solidly come to understand that for better or worse the typical office work model we were once accustomed to has been permanently changed and we may never see the corporate world fully return to the office full-time. And yet, even as we begin to look forward to 2023, this question of whether accounting work will move back into the office still remains.
Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.
There is no doubt that our work is more satisfying and fulfilling when we are experiencing joy in what we are doing. Here are a few reminders about finding the joy in your work:
Gig work can trace its origins to before the creation of the internet. However, over the last decade companies like Uber and Lyft have steadily led the push in the mass acceptance of the gig economy. In 2020 as lockdowns swept the nation, hundreds of thousands of new gig jobs became available virtually overnight thanks to Amazon, DoorDash, Grubhub, Instacart, and Shipt. The pandemic accelerated a shift that was already well on its way to becoming the next big trend in work.
But the quickly burgeoning gig economy was not isolated to takeout and grocery delivery. Professional gig work also grew exponentially as workers were laid off and left their traditional office jobs to manage personal responsibilities. According to a Harvard Business Review article on Thriving in the Gig Economy,
Approximately 150 million workers in North America and Western Europe have left the relatively stable confines of organizational life — sometimes by choice, sometimes not — to work as independent contractors. Some of this growth reflects the emergence of ride-hailing and task-oriented service platforms, but a recent report by McKinsey found that knowledge-intensive industries and creative occupations are the largest and fastest-growing segments of the freelance economy.
The pandemic forced most companies to go remote for what was originally anticipated to be a 2-4 week stint. Over two years later, many companies still have remote employees, at least to some degree.
Hybrid working has become the new normal and small business owners continue to struggle with the added challenges of how to manage remote workers. While office-based businesses have largely adapted to managing a remote workforce, other types of small businesses continue to wrestle with the increased demands of location-divided staff.
Communication challenges, technology barriers, and access to key information remain difficult among small and mid-sized companies trying to learn how to manage remote teams virtually. If this describes your business, our guide to managing remote workers will give you the tools needed to be successful in this new era:
There is no doubt the US workforce landscape continues to experience significant changes. The business challenges of the last few years have caused many companies to rethink how they can best execute their operating plans. With more and more companies outsourcing their accounting functions, there are a few important things to keep in mind to ensure a beneficial outcome.
After another difficult year, savvy employers have come to realize that supporting their office staff needs to be a top priority to combat labor shortage woes as financial uncertainty continues. With 85% of employees open to new job opportunities (even if they are not actively looking), employers understand how important it is to proactively work to retain employees.
As the year comes to an end, organizations are asking themselves, “How can I support my accounting and finance staff next year?”
Does your company have the monotonous “Monday morning meeting?” that employees dread all weekend because it never results in anything productive?
Even if it doesn’t, chances are there are still some meetings that leave employees asking themselves, “Why did I even bother preparing for that?” or “Why did I have to be there?” or “Couldn’t that have been an email?”
This is a problem because disorganized, distracted, and downright pointless meetings are more than just an annoyance. According to the Harvard Business Review, wasteful meetings result in:
An article from our Accounting and Finance Recruiting Team
With our professional and personal lives becoming more blended than ever and younger members of the workforce feeling less of a need to compartmentalize the two, social media has become a territory ripe with both risk and opportunity.
These days everyone knows that what is posted on social media is fair game, and voicing unpopular opinions, sharing inappropriate content, or being hateful online can cost a job seeker the job. And while people posting or sharing those types of things may not be concerned with how they will be perceived, most job seekers do care what a prospective employer may think of them.
This is especially true in more buttoned-up industries like accounting, finance, banking, financial planning, and business consulting. Career-focused professionals looking for their next role will ask questions like:
Our accounting and finance recruiting team answers these questions regarding how your web presence affects hiring decisions: