Navigating the future of work and workplace culture post-COVID

Today, accounting leaders are looking at a whole new landscape in terms of how we work and how we adapt to the future of office life after the pandemic. Remote work has become the norm for much of America (and the world) over the past year and a half. And for many, the transition was new, necessary and forced.

Right now, while many employers have remained remote, others are trying to decide what their future office will look like – whether fully remote, in-person or hybrid – and how the culture, policies and processes of their business must change accordingly.

As organizations adjust to the post-pandemic era, one thing is certain: companies will need to re-evaluate their work models to better incorporate the comfort levels of their employees, or employee retention will become an even bigger issue. . The big resignation isn’t just a buzzword and is currently being felt by CFOs and other accounting leaders across industries, largely due to team members’ preferences for working remotely and in anybody.

The future of the office: remote, in-office and hybrid models

Every industry, company, team and individual is different. And even if you can’t fulfill all the wishes, you can help your employees identify their needs that will allow them to be more effective in their daily responsibilities. For organizations still trying to decide how they want to work in the future, there are benefits and considerations for each workplace model.

From a distance

It’s no secret that most employees will want to continue working from home. While video meetings will never replace face-to-face interaction, there are obviously a number of long-term benefits of working remotely for businesses large and small: flexibility, cost containment, and no distractions in the office. at the top of the list. Companies that allow this option to their employees should ensure that resources and tools are readily available, including equipment, software, communication platforms, etc.

Hybrid

As the world emerges from an unexpected pandemic, many companies are changing their minds about how and where employees work. Yet some companies are reluctant to make their workforce entirely remote. There are many benefits to splitting your time between the office and home: increased productivity, reduced business costs, and increased well-being for employees. And while you might be wondering if implementing a hybrid model makes sense for your organization, consider this: 68% of adults surveyed by Morning Consult say a hybrid workplace model is ideal.

In person

For those looking forward to getting back to their office, a tentative return to the office couldn’t come soon enough. For others, a return to in-person work is necessary due to the nature of their business. When people are in the same office space, teams benefit from collaboration, socialization and productivity, but as in-person work is phased out, leaders will need to work harder to compete with best talent. The key for businesses operating in person right now is to focus even more on work-life balance and retention, which brings us to the importance of company culture.

Either way, corporate culture remains an indispensable aspect of any business.

At first glance, one might assume that COVID-19 has put a stop to corporate culture. However, even though the way we work has changed forever, the company culture remains the driving force behind a productive and satisfied team, even and especially in a virtual environment. There’s no denying that company culture is critical for accounting executives looking to find, hire and retain top talent.

Accounting leaders need to focus even more on what they provide to their team members to keep them staying. And while virtual employment makes events and other culture builders difficult, creating an environment of success, support, recognition and service is far from impossible.

The silver lining – Employees have become a priority

While this pandemic has caused a lot of headaches and sleepless nights for financial leaders (and much worse around the world), there is still some good that has come out of 2020 and beyond. Remote work, often desired by employees, has proven to be an effective way to work for many organizations who are now seeing the benefits of employee-centric policies.

Corporate culture has survived as a key element in winning the war on talent. And, if this Zoom era has taught us anything, it’s that many of the most important elements of building and growing a business can be made virtual with incredible results.

If you’re looking to grow your remote, hybrid, or in-person culture while adapting your finance team post-pandemic, download the full special report, Accounting Industry Outlook: How to Navigate Finance Post-COVID, for more in-depth advice and analysis on the future of work, implementing accounting processes, growing the business and more.