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5 ONBOARDING (MUST DOS) TO DEVELOP YOUR NEW ACCOUNTANCY OR FINANCE HIRES

Leave a Comment / Clients

The Accountancy and Finance landscape has changed drastically in the last couple
of years. Job opportunities are becoming more flexible with the rise of remote
or hybrid work and the four-day work week, which started as a trial in the UK
this week.

Even the way companies find and assess new candidates for roles has evolved,
with an increasing number of virtual and video interviews.

On top of all these changes, hiring managers and employers are also facing new
challenges in employee retention, with the “Great Resignation” now causing
significant talent turnover.

In a skills-short Accountancy and Finance environment, it’s important to ensure
you’re taking every precaution to not only find the right new employee but
prepare them for long-term success.

A successful onboarding strategy could be the key to providing your new team
member with all the support, guidance, and insights they need to thrive in your
company.

Here are the onboarding strategies you can use to empower your Accountancy or
Finance hires.


1. START WITH PREBOARDING

Employee “preboarding” is essentially an introductory step before the more
intensive onboarding process begins. Today, as the competition for Accountancy
and Finance talent continues to grow, talented candidates are increasingly
looking to work with employers who make them feel valued.

Just as your new team member will be working hard to prove you made the right
choice by bringing them on board, you want to demonstrate they’ve made a good
choice by deciding to work for you. An introduction email as soon as your
candidate accepts your job offer can set you off on the right track. You can
even use this email to give your new employee some useful information.

Start by welcoming your candidate onto the team, and let them know the names of
some of the people they will be working with. Next, include valuable information
your employee might need, such as videos showcasing information about your brand
identity.


2. ADJUST THE ONBOARDING PROCESS FOR DIFFERENT ROLES

Certain parts of the Accountancy and Finance onboarding process will be the same
for all employees. You’ll need to introduce every new team member to the company
culture in your business and the kind of values you’ll expect them to adhere to.
However, this doesn’t mean an onboarding process should be entirely
one-size-fits-all.

Adjust the steps you take in the onboarding process based on your new employee’s
needs. For instance, ask yourself what kind of software and tools the team
member will be using from day one, and provide them with video guidance on
setting up new accounts.

Think about the specific members of staff your new employee is going to be
working with, and arrange for a video or group meeting where you can all get to
know each other in an informal and friendly setting.

Creating a streamlined and personalised process for each employee will ensure
your new candidates aren’t overwhelmed by information that may not be pertinent
to them when starting their new role.


3. FOCUS ON INCLUSION

The needs of today’s Accountancy and Finance employees are beginning to change.
While all team members want access to great development opportunities, a good
salary, and fair benefits, they’re also looking for an immersive company culture
and a sense of inclusion within their teams.

Today, 64% of employees say diversity and inclusion is a crucial consideration
in their decision to take a job offer. As soon as a new candidate agrees to join
your team, start focusing on how you include them.

Ask new hires about their preferred pronouns and names, and introduce them
immediately to the people they will be working with. Allow your employees to sit
in on video meetings even before their role officially starts if you’re not
going to be sharing sensitive information, and add them to your group messaging
boards.

Make sure every team member feels like a crucial part of the team, regardless of
whether they’re working in the office, remotely, or on a hybrid schedule.


4. BUILD A PLAN FOR DEVELOPMENT

Great onboarding isn’t just about welcoming a new Accountancy and Finance
employee into your team and ensuring they have all the information they need
about your business. You should also be looking for ways to build a foundation
of a long professional relationship between your company and your hires.

Around 93% of employees say they would happily stay with a company for longer if
they felt their managers were investing in their careers with training and
development. During the onboarding process, you can begin helping your employee
see a future with your brand by working on a professional development plan
together.

Set up a one-on-one meeting where you discuss what the future might look like
for your new team member and what kind of goals they’d like to achieve. Discuss
how you can help your employee reach new heights in their career and what your
training opportunities look like.


5. COLLECT FEEDBACK REGULARLY

Finally, the only way to ensure your onboarding process is having the right
impact on your Accountancy or Finance employees is to ask them about it.
Collecting feedback is an excellent way to determine whether you’re giving your
new team members all the support and guidance they need.

Ask your new hires what they feel you did well in the onboarding process and
what they would like to change if given a chance. Pay attention to productivity
levels after your employees start their new role, and look at how they might
change when you add further steps to the onboarding process.

The feedback you get should guide your future onboarding strategies, helping you
build a more comprehensive experience for every new hire.


GREAT ONBOARDING STARTS WITH THE RIGHT HIRE

Remember, a great onboarding process can be a powerful tool, capable of
improving new hire retention by around 82%. However, excellent onboarding
processes will always start with the right hiring decisions. Improve your
chances of bringing the right people on board by working with a specialist
Accountancy and Finance recruitment team like RD Financial Recruitment.

If you want to find out more call us on 01753 621902.

Best regards

Paul Ryan ACMA,CGMA
paul@rdfr.co.uk

RD Financial Recruitment Limited
St Stephens House, Arthur Road, Windsor, Berkshire SL4 1RY
Tel: 01753 621902  www.rdfr.co.uk
http://uk.linkedin.com/in/paulryanacma


HOW WE CAN HELP?

RD is different from other recruitment consultancies because it is managed by
qualified accountants. Due to our accountancy affiliations, we have access to a
pool of candidates which other consultancies cannot access. If you want to find
out how we can help you call us on 01753 621902 or email us
at recruit@rdfr.co.uk

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