Keeping Them Satisfied

Fifty-seven percent of accountants in a recent survey said they plan to stay with their current employer once the economy improves. But almost one-quarter (23%) plan to look for a new job.

The survey, by Ajilon Finance, also found that less than 2% of accounting jobs nationwide have been cut during the recession.

Ajilon offers employers these tips to improve retention:

• Use creative incentives. Flexible work hours and arrangements, as well as low-cost incentives like free movie tickets or discount cards, can be great ways to show employees you care at minimal expense.
• Don’t forget performance reviews. Just because your company has deferred raises and suspended bonuses doesn’t mean you should do away with employee reviews. Employees need to know their achievements and hard work are noticed.
• Create a positive work culture. Promote an environment where ethical leadership is promoted and teamwork is encouraged. Reward hard work and create opportunities for employees to engage with one another. Have senior staff interact with and mentor junior staff, and enable client contact and senior exposure to new staff so they can prove their on-the-job abilities. Employees who feel they are an important part of a company are less inclined to leave.

Source: Ajilon Finance, ajilonusa.com.