[vc_row][vc_column][vc_column_text]The Covid-19 pandemic has massively changed the way accounting firms function. It has strongly reshaped the existing workforce trends and catalysed new ones, thus revolutionising how the rather traditional accounting profession functions.
The accounting profession has battled staffing challenges for several years. Bring in the Great Resignation, and the problem has only turned graver. Thus, it has become imperative that accounting firms innovate new work models to accommodate their workforce’s diverse needs.
Workforce Trends to Look Out for in the Post-pandemic World
Hybrid working
Hybrid working has already become a corporate sensation globally. QXAS’s recent survey of its accounting clients shows that over 77% of accounting professionals want to work in a hybrid manner.
Virtual communication
With the onset of the hybrid work model, the way accountants look at communication has also changed.
According to QXAS’s survey, the time spent on Microsoft Teams has more than doubled globally from February 2020 to February 2021. Additionally, an average meeting is now about 10 minutes longer.
Employee-centred approach
Of all the newest trends in the post-pandemic corporate world, this one has a solid future. As opposed to a few years ago, employees are now the focus of organisations while formulating workforce regulations.
Offshore hiring and outsourcing
Accounting practices have also been turning to outsourcing as a reliable solution to their staffing challenges. Outsourcing is critical for these firms to save costs and increase efficiency.
How Can Practices Deal with the Changing Workforce Trends and Implement Hybrid Working?
It is eminent that hybrid working is the future of workforce management in the post-pandemic era. It is, therefore, essential that accounting practices adapt to the idea and implement workforce strategies that fuel a better work-life balance for accountants.
Integrate technology
Accounting practices must integrate the latest technology into their processes to ensure a smooth hybrid working model. This includes a practical usage of digital collaboration tools such as Microsoft Teams and Zoom, security infrastructure such as VPN, social tech, guests and room booking software, etc.
Facilitate smooth onboarding
Accounting firms must focus on making their onboarding process simpler and virtually compliant. The integration of essential tech and effective coordination are key to this process.
Extensive training
In the hybrid work model, training is often a challenge. Practices, therefore, must innovate new virtual training processes to help accountants stay updated with the changing industry trends.
Better talent management
Accounting practices must work to improve their talent management strategies by implementing virtual learning and development sessions, regular seminars, town halls, and much more.
Join us for a detailed session at Accountex 2022
QX Accounting Services is delighted to be exhibiting at Accountex 2022 on 11th and 12th May 2022. Catch our CEO, Sagar Ahuja, speak in detail on the topic ‘Reimagining the Post Pandemic Workforce’ with Sheetal Shah, Partner- DSK LLP on 11 May, 4pm at the People, Talent and Culture Theatre.
Come join us for a dose of wisdom and some exciting surprises at Stand 701.[/vc_column_text][/vc_column][/vc_row]
