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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
28, June
2021

The Do's and Don'ts of Management with Remote Workforces

Remote work flexibility has become a common thing for companies in 2021 and it can ultimately lead to them retaining their staff. After the COVID-19 pandemic, people got a real taste of what working from home was like and this was probably one of the biggest adjustments companies had to make as the dust settled.
A study by the global staffing firm, Robert Half, shows that about 1 in every 3 professionals working from home due to the pandemic would look for a new job if they were required to return to the office full-time. Here at AccountingDepartment.com, we have been a fully remote company since our beginnings in 2004 and we've learned a thing or two as time went on about keeping your employees happy, engaged, and sticking around.
Today, we are going to review some of the "must-dos" and dont's management should avoid when switching to a remote workforce.

First, however, let's cover some basic benefits of a remote workforce. The most stand-out benefit for a company owner is simply winning the talent war. You have an infinite range to pick your employees from! According to AccountingFly, remote work options attracted 8x as many candidates and this could mean applicants from all over the world that can be more qualified than what your local area has to offer. In addition to this, you face higher retention rates from your remote employees due to the additional flexibility they could have by working remotely. Employees can move where they want and still work for your company.
Reducing the office space in which your company occupies can be a cost saver as well. Not having as much overhead of a building lease, electric bills, and other general office expenses can take away some of the cost burdens for your company. For more benefits of remote work, check out our other articles here.
Now it's time for the "must-dos" of remote work management.

16, June
2021

Business Liabilities Explained

Business liabilities are best defined as the financial obligations or responsibilities of a business. Liabilities.

19, May
2021

The Four Most Important Financial Statements for Your Business

As a business owner or manager, you likely spend some time generating and analyzing financial statements. However, no.

12, May
2021

5 Financial Metrics and KPIs to Help Your Business Grow

As a business owner, there are many different metrics and KPIs out there for you to follow that can give you insight.

1, May
2021

Everything you need to know about Account Reconciliation

Entrepreneurs, small business owners, and CEOs of large corporations are all responsible for monitoring an.

26, April
2021

Basic Financial Statements That Anyone Should Know

Although individual financial statements each provide different snapshots of financial health, all financial reports.

 
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