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Employee Engagement Tips: 3 Ways to Engage Your Finance Team
People always assume that just because you’re an accountant you’re: 1) good at math and 2) in love with numbers. Having worked for over 4 years in audit at a Big Four accounting firm (so having met dozens of other accountants), and then nearly 5 more years in “industry” (that’s what accountants coin any job that isn’t an accounting firm), I can honestly say that these stereotypes apply to less than a tenth of all the accountants I’ve encountered in my career. The only thing that can be said about accounting is that it tends to be pretty repetitive: end of month, end of quarter, end of year, financial statement audits, tax audits, etc., it’s all one big cycle. So in between all those exciting “ends” and audits, how do you keep your finance team engaged? Here are my top three employee engagement practices for accountants:
First: acknowledge, acknowledge, acknowledge! Most of the time, an accountant’s work is reviewed by their superior and then they move on to the next task to complete the month/quarter/year end. A bank reconciliation or accurately entered invoice is rarely displayed for other team members to admire and marvel at (perhaps because that would totally affirm the stereotype that all accountants are nerds). Because of the natural isolation of accounting duties, an accountant will usually be thanked and, if lucky, perhaps even praised, in a one-on-one situation by their manager. Why not take this up a notch – recognize your awesome employee in front of the whole team! Not only will this increase employee confidence and engagement, but it will also set the bar high for the rest of the team, who will no doubt want to work just as hard to impress you and earn similar praise.
Second, don’t be a micromanager! Providing autonomy to your finance team will foster a sense of trust between them and yourself, as well as a sense of responsibility to provide them with nothing less than the best. As Steve Jobs once said: “… when you have really good people, you don’t need to baby them. By expecting them to do great things, you can get them to do great things” – and we all know how Apple turned out. outside Nuff said.
Lastly, change it up a bit! In case you haven’t noticed, the life cycle of accounting and financial reports can be predictable and monotonous for even the most passionate accountant (yes, they exist). One way to ensure your finance team stays engaged and focused is to stimulate their interest with new projects and challenges. This can be anything from job rotations after a period of time, to volunteering one of your accountants to join a company-wide task force unrelated to finance . By showing that you believe in them enough to give them new opportunities, they will in turn appreciate the challenge and enthusiasm (yes, this exists in accounting too) that you have brought to their daily work routine.
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