According to Gallup analytics, only 12% of U.S. employees say their company does a good job of onboarding. This number is shockingly low for a process that gives new hires their first inside look at the company and their new role. Many employees report that they received no onboarding at all. Since many firms are […]
Management consultants are fantastic problem solvers, as shown by their high demand. Nearly two-thirds of consulting firms report being short-staffed, with 92% labeling staffing as a “crisis” for their firm. Additionally, 20% of firms are turning down business because of low staffing. To help save valuable time, management consultants need a way to organize their […]
You’ve probably heard that nearly half of all startups fail within the first five years, but did you know the odds of successfully scaling are relatively bleak? Of the startups that survive five years, only about one in 200 become successful scaleups. According to McKinsey & Company, just 22% of businesses launched in the past […]
Among all the challenges today’s accounting firms face, burnout is perhaps the most alarming. A recent survey revealed that 99% of accountants and financial professionals are experiencing some level of burnout. This can lead to increased mistakes on the job. Because burnout is measured by factors that include an emotional detachment from work and a […]
Accountants can have a harder time achieving a healthy work-life balance than professionals in other industries due to their jobs’ demanding and high-pressure nature. Common barriers to proper work-life integration include: Tight deadlines Managing multiple clients Heavy workloads Constant regulatory and tax law changes Juggling responsibilities Long hours are also a concern, with the average […]
Working in the legal profession can be demanding. Long hours are common, clients can be complex, and cases can take a toll on your emotional well-being, depending on the type of law you practice. For the first time in its history, a survey by Bloomberg Law found that lawyers felt burnt out more than half […]
The number of remote roles has tripled in the last three years, and nearly 75% of employees report that flexible work has had many benefits, often relating to improved work-life balance, productivity, and saving money. CPA firms that want to stay competitive should consider the benefits for their organization and employees, as working from home […]
Research shows that 65% of employees want to work remotely all the time, and they’re serious about it. More than: 55% say they’d look for a new job if their company stopped allowing remote work 30% of hybrid employees would take a pay cut to work remotely full-time It’s as simple as this: Professional services […]
Well over half of American employees reported experiencing at least moderate levels of burnout in 2023. That number rose to 74% when employees were asked about their levels of workplace stress. For those in the accounting world, chronic workplace stress was revealed to affect a whopping 99% of accountants, making it a critical focus for […]
Nearly three-quarters of Millennial and Gen Z employees (born between 1981 and 2012) believe they can build better skills by changing jobs rather than staying at their current organization. Considering these generations make up more than 42% of the U.S. population and nearly 40% of the global workforce, organizations that provide opportunities for continuous improvement […]
You might think that workforce productivity software (also known as workforce management software) will help your organization save money through greater efficiency, but how can you know for sure? Use this guide to help steer your decision and make a business case for your leadership team to adopt workforce productivity software. What Is Workforce Productivity […]
Strategic workforce planning leads to better business, HR, and talent outcomes – but only if your workforce adopts the planning tools that make those outcomes possible. User acceptance is a key metric measuring adoption. Once you’ve figured out the technical (e.g., features, functions), cost, and compliance complexities of implementing new workforce management software, clients are […]
