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Leadership

Employee Retention Guide Logo aicpa

  Women's Initiatives Executive Committee |   Free |   AICPA |   2015 |   AICPA.org

One question all employers have asked themselves is, “How do we keep top performers?” This is especially crucial right now, with the desire for good talent at an all-time high, and fierce competition for that limited talent pool. Therefore, employers need to develop strategies for recruiting the right people — and retaining their current high performers.

Topics covered:
  • Management accounting: Leadership: Motivating & inspiring, Intermediate
  • Employee benefit plan auditing: Leadership: Motivating & inspiring, Intermediate
  • Governmental auditing: Leadership: Motivating & inspiring, Intermediate
  • Financial accounting & reporting: Leadership: Motivating & inspiring, Intermediate
  • Assurance: Leadership: Motivating & inspiring, Intermediate
  • Not-for-profit: Leadership: Motivating & inspiring, Intermediate
  • IT management & assurance: Leadership: Motivating & inspiring, Intermediate
  • Firm practice management: Leadership: Motivating & inspiring, Intermediate
  • Tax: Leadership: Motivating & inspiring, Intermediate
  • Forensic & valuation services: Leadership: Motivating & inspiring, Intermediate
  • Fair value measurement: Leadership: Motivating & inspiring, Intermediate
  • Personal financial planning: Leadership: Motivating & inspiring, Intermediate

1 Comments/Reflections

Tatenda Muranda

Tatenda Muranda Jun 2015

The article on Employee retention gave me more insight on how to retain employees in regards to my fellow subordinates. In the current economic conditions that we are currently facing in Zimbabwe the report gave more insight on low cost methods to motivate and retain talent.This is the following that I adopted that I can now do:

1. Giving out simple thank you notes to my subordinates for achieving targets on finance and administration reports

2.Creating an environment of high morale for example recognizing personal milestones e.g we have made a calendar in our department to celebrate team member's birthdays. this has brought a sense of belonging to the organisation, as we recognize each others birthdays

3. Display of photo frame of company employee of the month on front reception wall . we did it for the first time ever and other colleagues are now working harder to have the same done for them. They also feel that even if the company cannot pay financial incentives, it is still taking pride in the value of work done by its employees.

To a larger extent i believe that the major objective was achieved of sourcing ways to motivate employees through non financial means in the economic situation we are operating. However to a smaller extent  I would need to continuously research on modern ways of motivating employees and discuss that with management on the way forward as well as to involve everyone in coming up with other ways as well to motivate each other

The finance and administration team together with the organisation are in favor of the motivation techniques being adopted and are also welcoming new ideas.