BLOG

HR Pros: Employees Need THIS Now More Than Ever

Employee Wellness: Part 1

I Live For Busy Season… Said No Audit Senior Ever

“Do I want to literally put my life on hold and work around the clock for yet another 15 weeks of busy season? For what? Average pay and benefits?” 

Sadly, that’s a recurring conversation in the mind of the quintessential audit senior that only intensifies as they near… yet another dreaded busy season.

But at least this is a modern firm using the latest in tech right? “I attended their leadership event where they spoke about why they not only welcome but embrace the latest technological changes…”  Shortly after the first week on the job, the audit senior discovers their technological solutions are average (at best) too.

And so (wait for it)… the audit senior resigns just before January stress hits – or even worse –  during their first engagement!

And the scramble for talent is on! Managers are freaking out. Partners are pressurizing recruitment and HR. Industry-relevant experience no longer matters. Just find and “plug” in ANY senior. Is nobody available? Well, just use existing seniors that are already stretched to the max across four other jobs… We got this!

The negative downward spiral of consequences ensues… new loads of stress on existing teams that now have to cope with just three (all new) team members, instead of five. Team morale hits a new low. WIP balances get unruly. Client continuity is impacted. The list goes on…

But… there is good news! The COO just reported that utilization rates are at an all-time high! Yup, they sure are. But… at what cost?

Busy Season Band-Aids

Don’t worry! Our people come first. We got your back. We’ve installed a coffee machine on each floor. There will be a fruit delivery each morning in the kitchen (working remotely? That’s too bad). Also, we’ve arranged for you to book one 15 minute massage on us. That works out to about one minute of massage for each week of your busy season. Onward and upward!

OK, some of this may be a (slight) exaggeration and written tongue-in-cheek. But many audit seniors would agree that it’s also not too far from the truth! The fact is that firm leaders are already aware that employee wellness and mental health concerns are only increasing in importance year-on-year. 

However, add a global pandemic to the mix and suddenly employee wellness programs and support are no longer a “nice-to-have”. It’s now required.

Employee Wellness… An Opportunity To Lead

In this 3-Part Series on Employee Wellness we’ll look at the rise and importance of virtual care, leveraging virtual care as a differentiator, and key insights relating to the impact of COVID-19 on behavioral health (i.e. emotional and mental health) of your U.S. full-time professional talent.

Behavioral health research studies conducted in 2020 (more on this in part-2) thus far suggest that Employers’ attitude about mental and emotional health is not only a top priority for existing employees but job seekers alike.

If there has ever been a time for HR and firm leaders to step up and prioritize the health of their workforce, it is now. Especially as we are quickly leading up to a busy season that may be very different, given the impact of the global health crisis.

Schedule a free consultation to learn more about how our unique talent-based partnership model can help you lower stress on your existing professionals and provide you with the peace of mind that you’ve “locked-in” the best talent for your upcoming busy season, to absolutely delight your clients and without the long term sunk cost of full-time salaried employees. 

SHARE THIS POST

Leave a Reply

Your email address will not be published. Required fields are marked *

RELATED CONTENT

Blog
HR Pros: Employees Need THIS Now More Than Ever
Date: September 23, 2020
Employee Wellness: Part 1 I Live For Busy Season… Said No Audit Senior Ever “Do I want to literally put my life on hold and work around the clock for yet another 15 weeks of busy season? For what? Average pay and benefits?”  Sadly, that’s a recurring conversation in the mind of the quintessential audit […]
READ MORE
Blog
“Can I text or video chat with my healthcare provider?”
Date: September 23, 2020
Employee Wellness: Part 2 We Knew They Were Stressed. But… In April this year, mental health provider Ginger compiled a study to better understand the impact of COVID-19 on behavioral health, which includes both the emotional and mental health of U.S. full-time workers.  The data revealed that almost 7 out of 10 employees (across Baby […]
READ MORE
Blog
How To Retain Your Top Talent Post Busy Season (It's not what you think)
Date: September 23, 2020
Employee Wellness: Part 3 “My People Are Not Important”, Said No CEO Ever… I’ve never met a CEO or leader of any organization that said their people were NOT important.  However, is the better question perhaps where are their people on the priority spectrum? In part-2 of this series on employee wellbeing, we looked at […]
READ MORE
Blog
Boost Audit Profitability: Avoid These 3 Talent Outsourcing Mistakes
Date: September 28, 2020
According to Google Trends, the word “unprecedented” reached such a high level in April 2020 that it dwarfs anything seen before! It’s the word we hear repeatedly from journalists to CEOs and executives across corporate America. And just like so many other corporations, audit firms are reeling from the whiplash from this unprecedented pandemic. In […]
READ MORE
Blog
7 Key Considerations For The Virtual Audit
Date: November 1, 2020
A Call for Remote Leadership Auditing remotely, as opposed to on-site at client premises, is nothing new. Many auditing firms have been conducting remote or semi-remote audits for quite some time. However, what was unthinkable just about six months ago, was that both the audit firm and the client’s entire accounting and finance function would […]
READ MORE
Blog
“Conduct the Inventory Observation Remotely”. Wait, What?
Date: November 10, 2020
The classic inventory observation was one of those audit areas that nobody was planning on conducting remotely. At least not any time soon. Enter a global pandemic…  With travel and social restrictions, not to mention some businesses legally not being able to open, inventory observations have proved a tough challenge for audit teams to say […]
READ MORE
Blog
The Virtual & Distributed Audit Firm - Are You Ready?
Date: November 16, 2020
“Move It To The Cloud… NOW” Audit firms were already (slowly) migrating business operations to cloud infrastructure over the years and thereby, enabling an increasing amount of business processes to be performed remotely. However, the COVID crisis has served as a catalyst to accelerate digital transformation. It has now become a necessity to make the […]
READ MORE
Blog
Revealed: How Microstrategy, Tesla & Square are Accounting for Bitcoin
Date: February 23, 2021
Can we fair value the “HODL”? Crypto hedge funds reporting under U.S. GAAP usually qualify for “investment company” accounting and reporting under Accounting Standards Codification (“ASC”) 946, Financial Services — Investment Companies, resulting in the ability to fair value their crypto “HODLings”. However, what about operating companies like Microstrategy, Tesla, and Square that have now […]
READ MORE
Blog
What is a SPAC? Auditor Explains.
Date: May 12, 2021
READ MORE

GET NEW POSTS VIA EMAIL

  • This field is for validation purposes and should be left unchanged.

HIGHLIGHTS

“Can I text or video chat with my healthcare provider?”
blog
|
Date: September 23, 2020
How To Retain Your Top Talent Post Busy Season (It's not what you think)
blog
|
Date: September 23, 2020
Boost Audit Profitability: Avoid These 3 Talent Outsourcing Mistakes
blog
|
Date: September 28, 2020
7 Key Considerations For The Virtual Audit
blog
|
Date: November 1, 2020

FOLLOW US

Get SAPRO's latest newsletters in your inbox

  • This field is for validation purposes and should be left unchanged.