2015 Fiscal Year is almost going to an end, and employers of labour are in the horizon of how to get prepared for the next fiscal year 2016. This preparation becomes imperative in the sense that, one of the best ways of attracting, maintaining, and earning the loyalty of employees is through a functional Accounting & Finance Salary Guide.
Talking of Accounting and Finance Salary Guide; the Robert Half 2016 Salary guide comes readily to mind.
It is essential to say that, the economy of United Kingdom is experiencing growth. Also, companies are experiencing growth in a commensurate measure. They are concerned about losing their employees. What then should be the means by which these employees will be retained? The advisable means is the introduction of Robert Half’s Accounting & Finance Salary Guide for 2016, which is currently available. Specifically, the guide enunciates diverse salary scales and structures for different industries. It is not basically or essentially on the recruitment of Accountants and other financial experts alone. See http://www.roberthalf.co.uk/finance-accounting-salary-guide
When you go through the guide, you find out that it is not only about salary structure, but it also covers other areas that employers will love to familiarize themselves with. There are lots of services that Robert Half Accounting & Finance Salary Guide 2016 provides, some of which are made available in the Employers portal of their website. A cursory look in this respect will reveal services such as Accounting and Finance Recruitment, Financial Services Recruitment, Interim Management and Project Recruitment, Technology Recruitment, and Administrative Recruitment. These are essentially services that are quite relevant to the growth of any organization.
Factors Prompting Employees to Leave
Employees are always upward looking, in search of good employment, that motivates rewards very adequately and which environment is accommodating. This fact tends to make them be retained. However, in an Economy such as United Kingdom’s, which is experiencing growth almost on a yearly basis has created opportunity for the new business entrants. In light of this, the new enterprises are also scouting for employees in the same labour market which is consistently experiencing scarcity. In the pursuant of their goals, organization will have to introduce measures that will attract qualitative employees into their companies.
Robert half’s Accounting & Finance Salary Guide for 2016 highlights some factors that make employees leave their employer and seek greener pasture in other work environments. There are some notable issues such as Work Life balance 30%, Career Advancement 29%, Higher Remuneration 27%, and Location 11%. These are considered to be the reason employees will want to leave their present employment.
On the other hand, the survey also considered the factors driving stronger labour market. It came out with the following multiple response, although, albeit the HR Directors. 35% higher confidence amongst employers, 33% attributable to Economic growth, 32% Higher Confidence amongst employees themselves, and 22% attributed to increased job creation in the Economy. See http://www.roberthalf.co.uk/reports-and-guides.
If you look at this grading according to the survey carried out by Robert Half (Robert Half Survey of 200 HR Directors), you will see that, employees place much premium on the Work-life balance than on remuneration. It then means that more work will have to be done by employers of labour at ensuring that they retain their staff. This is not because they have adequate remuneration, but all other factors that will earn the confidence of the employees, and confidence that the company is the best alternative that they can get at the moment.
The survey carried out by Robert Half shows that 90% of UK’s CFO is very optimistic that the Economy of the country will continue to be in the growth direction. This optimism has created openings for other business entrants in UK’s Hiring Hot like Scotland, Midlands, North, London, South East, South West, and Wales. All of these “Hiring Hot Spots” have their specific industries located in them. The resultant effect of this development, Accounting, and Finance hiring has increased as confirmed by 92% of the UK’s CFO. Skilled Accounting and Finance personnel are becoming increasingly scarce.
The pressure will, therefore, be on the CFO to strategize and establish innovative ideas that can and will attract the best of the skilled professional. It is in this area that the services and acquisition of the Accounting & Finance Salary Guide 2016 of Robert Half becomes imperative.
The concern of most CFOs of losing Top skilled employees is on the increase. 87% of Finance leaders admit that they are worried about top performing staff in their companies, leaving their employment for other companies.
The Accounting & Finance Salary Guide 2016 is recommended for enterprises, personal, and or government agencies. It is attributed to the fact that the guide is quite educative and will be useful in helping Managers of organizations to reach qualitative employment decisions.