You want to be prepared, but as you've already recognized, you don't want to overstaff. Mentoring programs are becoming increasingly common in the workplace and offer a great opportunity for accountants not only to help shape a junior employee's career but also to contribute to the success of the company. While a variety of options exists, several strategies that relate to compensation, career advancement and corporate culture stand out as effective in improving employee recruitment and retention. An MBA can be an important asset given the growing need for expertise in areas beyond the accounting department. Internships can be an excellent way to recruit and retain skilled labor, boost internal morale by bringing in people with enthusiasm and fresh ideas, and develop strong ties with local colleges.
Time management is a common problem in today's fast-moving business environment.
Workloads are increasing dramatically as accounting professionals are expected to take on broader, more strategic responsibilities. Your first experience leading a team can be challenging, but ultimately it will be an important step in your professional development. As cross-functional teams become more prevalent in the business world, you will gain valuable new leadership abilities. Copyright 2001 Strategic Finance Magazine. All rights reserved.