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benefits

Benefits That Top Applicants Want

You and your business competition are acutely aware of today’s competitive job market. There are more available positions for accounting and finance professionals than there are qualified applicants. This factor makes it imperative to find and keep high performing employees. And a healthy benefits package will help ensure that you attract and keep the best and brightest talent.

Stay Up to Date with Benefit Trends

Although more companies are considering a number of work/life balance benefits, information as we head toward 2020, looks quite traditional.  A recent MetLife study reveals that 81% of employees indicate that health insurance is a “must-have.”

This same study also reports an increase in employees who believe their employers have a responsibility toward their “health and well-being.”  This study further notes the value employees place on retirement plans and paid time off.

Recruit Benefit Providers Too!

Knowing this information, it is time to assess your current benefits as you plan for the future. One step toward assuring your options will attract and retain talent is to offer the best plans. That is, those with the best cost-benefit ratios for your business and employees. One approach is for your HR department or benefits administrator to engage in active recruitment of benefit providers.

Whether the benefits administration is done in-house or outsourced, you will want to:

  • Assure that employee satisfaction rates related to benefits are collected and reported to leadership.
  • Learn about usage rates and anticipated changes for the coming year.
  • Anticipate potential changes related to state and federal mandates.

Back to Benefits for Recruitment and Retention

Having the best benefits available for your employees is one step toward recruitment and retention. The next is to assure that employees, customers, and the general public know about your commitment. After all, the health and well-being of your staff influence that of the community. This information in itself will bring top performers to your door!

Are you looking to fill an accounting and finance position at your company?  Click here to find out how Beacon Resources can help you find the right candidate.

 

office productivity

Office Designs that Boost Productivity and Satisfaction

Employee retention, productivity, and satisfaction are foremost in every business owner’s mind. Miss on any of these success factors and profit margins sink. As does morale for employees who remain.  Up-to-date benefits and perks, plus managers who are adept with interpersonal skills, help with employee retention. Another area being touted as boosting both productivity and employee satisfaction: office designs.

Look into Office Design Results

As large, high profile corporations have moved toward elaborate, engineered spaces, there is the temptation to do likewise. Some are converting to primarily open spaces to encourage interaction. As it turns out, too much of a good thing can have mixed results. How is your leadership team going to select the right layout for your organization?

  • Consider the work functions of your various teams.
    • Do tasks require more collaborative or individual work?
    • What is the desired frequency of group-think time?
  • Look at design options that suit the work styles of different personalities and work styles.
    • Investigate the workspace needs of introverts, extroverts, and those who are a blend.
    • Consider the potential distractions of noise and lighting that may require other adaptations, such as headphone use.
    • Are there spaces for quiet minutes or a personal call?

Decide on Work Uses

Take a close look at what makes your team work well. Their days at the office can be long. Learning what makes staff feel respected contributes to engagement and productivity. Have managers and their teams describe what happens when:

  • Space and time allow them to have stimulating conversations.
  • Tasks require detail work with uninterrupted focus.
  • Employees have time for social interactions.

Is Noise Level Harming Productivity?

According to recent studies, productivity drops as much as 66% in a chaotic office filled with background noise.  Thankfully, there are ways to mitigate this. Acoustics can be adjusted through sound-absorbing ceiling tiles. Private offices can give employees quiet space that shuts out the distractions.  Consider the office layout, too. Are desks located near high-traffic areas where employees gather? Consider moving these desks closer to windows and/or farther from high traffic areas. Create barriers from the traffic for a more focused work environment.

Create Space and Policies for Varied Uses

Space design with varied use options supports work functions and individual preferences. Craft policies such as a headset or personal device use that contribute to productivity. Select Design elements that:

  • Offer convertible space to accommodate individual or small group use.
  • Bring employees together for spontaneous innovation sessions or casual conversation.
  • Allow for quiet time.
  • Add the benefits of natural light, walking space, and plant/garden areas.

Beacon Resources matches employers with highly qualified finance and accounting professionals. Click here to get us started helping you fill your newly designed office space with top-notch accounting and finance professionals.

 

office benefits

Trendsetting Office Benefits

Gone are the days when bosses made the final decision about office benefits. According to the Bureau of Labor Statics (BLS), today’s finance and accounting sector is a competitive one.  That being said, the ball is in the job applicant’s court when it comes to what office benefits applicants will accept.  Apparently, some office benefits are non-negotiable as more professionals seek work/life balance.  With that in mind, turning your office into a benefits trendsetter is needed to capture the attention of today’s in-demand job applicants.

Move Beyond the Cafeteria Approach to Office Benefits

The benefits cafeteria plan has become passé. Yes, it’s much like being in line at the cafeteria. There are limited choices portioned by the server, yet you’re hungry. You select the best option even if it’s not fully satisfying. Think instead of a smorgasbord, a wide array of options from which employees select the type and amount that reflect their lifestyle.

  • Paid leave time that matches an employee’s needs, from new parent leave to time caring for an ill or aging family member.
  • Bereavement time that respects a person’s needs.
  • Wellness options that align with a staff person’s interests and choices.

Turn Your Perks into Policies

Perks come and go, based in part on popularity, with the other being funds. Focus on the perks that do both, adding value to your bottom line while gaining employee favor. Use a trial period to determine if a perk does both. If it does, convert it to a policy.

Relax Some Personnel Mandates

The keyword here is “relax” as employees’ innovation and performance improve when workplace stress lessens.

Get Feedback

Gather employee input on a regular basis. Do so in team and individual meetings. Request feedback about work processes, relations with leadership, and ideas for improved production.

  • Conduct periodic surveys to assure your workplace benefits and policies are keeping pace with employee preferences.
  • Make note of anecdotal opinions that come your way—they’re sure to mirror what staff are talking about.

Click here, for 5 Office Productivity Boosting Perks

 

take your dog to work day

Celebrate ‘Take Your Dog to Work’ Day Everyday

June 21 is National Take Your dog to Work Day, a celebration of our canine pals.  Currently, nine percent of U.S. businesses allow pets at work every day.  Take Your Dog to Work Day was created by Pet Sitters International (PSI) to celebrate the great companions dogs make and promote their adoptions.  Since 1999, Take Your Dog to Work Day has been celebrated annually on the Friday after Father’s Day.  The day encourages employers to experience the benefits of pets in the workplace for one day to support their dog loving employees.

What is it about dogs at work that create a fun and positive environment?  According to a Virginia Commonwealth University study, having dogs at work increases job satisfaction, lowers stress and boosts employee loyalty. Dogs also remind employees to take breaks keeping them healthy and alert. Plus, the perk alleviates the guilt many people feel about leaving their dogs at home alone all day.

Read on to decide if your workplace is ready to make Take Your Dog to Work day a permanent employee perk.

Pets as a Perk and a Benefit

A wide variety of workplaces now welcome pets at work. They’re doing so because of the benefits for employees and work outcomes. Employees are serious about the perk of having a pet at work according to a dog food survey that noted:

  • Almost one quarter of over 1,000 participants said they’d be more productive with a pet at work.
  • Over one-third would take a pay cut or give up vacation time to have their dog at work each day.
  • Close to half would change jobs or career to work in a pet friendly workplace.

What benefits are pet-friendly workplaces witnessing?

Both studies and anecdotal observations describe reductions in stress levels and increases in job satisfaction.

  • Employers note increased loyalty and employee retention.
  • The workplace becomes more companionable and interactive.
  • Those with pets take regular breaks, a positive health benefit.

Keep the Office Safe and Clean

Provide for employee well-being while assuring pet-friendly provisions by:

  • Requiring pets to be trained, vaccinated, neutered, and able to interact well with other pets and people.
  • Having a pet rest area, exercise space, and cleaning materials for ‘oops’ moments.
  • Requesting each pet parent to provide space in their work station for their animal.
  • Noting common areas that are kept pet-free.

Consider Workplace Contracts

Prior to instituting pet-friendly workplace policies check in with:

  • Lease holders to assure terms accommodate pets.
  • Liability insurers to determine if there are limitations or riders to put in place.
  • Other pet-friendly workplaces for their advice on lessons learned.

Take Your Dog to Work Day is a day to celebrate our furry friends in the office, but many companies are now embracing this perk year-round.  Incorporating Take Your Dog to Work Day into your year-round perk program is beneficial provided you use judgment and create consistent policies.

For more morale boosting perks, check out 5 Office Productivity Boosting Perks 

 

professional development

Pros of Professional Development

With finance and accounting unemployment rates hovering around 2%, astute employers are expanding employee retention initiatives to remain competitive. Designing professional development plans that encourage job satisfaction are top of mind for many employers interested in upping their employee retention strategy.   Providing professional development training encourages employees to perform better and prepares them for greater responsibility.  Additionally, it can also help attract top job candidates.  Investing in your employees is beneficial to the entire company and can boost the bottom line.

Match Professional Development Options with Learner Interests

Provide a variety of educational and training options to match employee learning styles and interests. These include:

  • Extended professional development options, such as:
    • Finance and accounting certifications.
    • Accredited and continuing education courses.
    • Goal-specific in-house mentoring.
  • Sound-bite learning that can be readily integrated within a workday. These can be conducted independently or led by anyone wanting to advance their training abilities.
    • YouTube sessions.
    • Video and audio tutorials.
    • Short skills sessions to advance digital knowledge, soft skills, customer awareness, and others.
  • Invite employees who are enrolled in courses, conducting certification studies, or have attended a conference to:
    • Hold lunch and learn sessions with colleagues about lessons they are gaining.
    • Provide Q & A opportunities to share:
      • First hand insights about studying online.
      • Seeking certification.
      • Balancing learning with work and home life.

Consider Return on Investment Planning

As you plan on investing in employees, you want to assure that your organization gains as well. Consider options for protecting business interests while providing for professional development.

  • Establish a contractual agreement for tuition reimbursement. This may include:
    • Expected duration of continued employment following course completion.
    • Partial or full payback of tuition if employment ends.
  • Request employees engaging in professional development to mentor new staff or prepare internal social media posts about lessons learned.

Overview

When employees can perform their jobs more efficiently, they become more confident and motivated.  Confidence and motivation leads to greater employee retention.