How Small Accounting Firms Can Attract Top Talent

Posted by William Jones
7
Jun 14, 2017
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Needless to say, most small accounting firms can’t really attract employees like big companies because of a lack of financial resources, but in no way does that mean that small accounting firms in Perth are out of the race.

If you are the owner of one of these firms, here are 5 ways in which you can beat even the biggest competitors in the market while hiring.

Personalised benefits

Since your firm has a very limited number of employees, you might want to think about coming up with some personalised and attractive benefits for them. For instance, most employees look for telecommuting and flexible working hours in a company so that they can bring a healthy work-life balance. You can also buy them some drinks on a Friday evening or bring on a masseuse to relieve their stress during the tax season. You need to be creative in these aspects. Also, make sure that you state these perks in your job postings or while interviewing candidates.

Small Accounting Firms in Perth

Promote professional development

In a recent survey, more than 60% of workers said that in addition to salary, opportunities to learn new things and grow were the predominant factors determining their job satisfaction. Precisely for this reason, whenever you are accounting professionals, make them aware of how their career will develop in your company. It’s hugely beneficial when employees frequently attend conferences and classes, stays up to date with the latest accounting software and share it with the whole team. To enhance their professional growth, you can also provide them mentoring or individual coaching.

Talk about small things

Sure, the biggest and the most renowned companies will offer attractive compensation packages and name recognition, but there are several things which they can’t offer. Some of these things are:-

Access to a wide range of opportunities: Your employees will have the chance to try out new roles and take on diverse responsibilities. This flexibility doesn’t exist in large firms. For instance, an accountant in a small firm can try their hands on audit, tax, consulting and business valuation whereas big organisations want their employees to specialise in one particular area.

Open door policy: Needless to say, healthy communication is hugely important in a workplace which is why having open channels between the office hierarchy and department will only boost morale and productivity.

Visibility: Most people, who work in a big accounting firm, feel that they are a cog in a big machine. This isn’t the case in small companies where it’s easier to get heard and make a difference. This is due to the fact that the layers of management in a small company are pretty shallow and employees get to see how the business is done and how they attract candidates for entry level accounting jobs in Perth first hand. All this exposure will only serve them better in the future.

So it’s quite evident that small accounting companies have plenty to offer to accounting professionals. To beat the big names in the market, make sure to highlight the many benefits of working in a more intimate environment.
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