Baby Boomers have had an enormous impact on the workforce, and even though they are reaching traditional retirement age at the rate of about 10,000 per day, don’t expect their presence to end anytime soon. Boomers still make up a large segment of the population, and many of them are managers and business owners. So let’s shine the spotlight on Baby Boomers in the workforce. Baby Boomer statistics Baby Boomers represent the 75 million people born between 1946 and 1964.
Read more »With Baby Boomers, Generation X, Millennials and Gen Z all working together under one roof, understanding how to motivate each generation is key. In our white paper, Generation Optimization, we dig into generational diversity in the workplace. We outline each generation to find out how to attract them to your organization, keep them there and motivate them to do their best work. Baby Boomers Baby Boomers (born 1946-1964) are the first generation to attend college, with 27 percent of them earning degrees.
Read more »Today’s American workforce has four distinct generations working side-by-side: Baby Boomers, Generation X, Generation Y, and Generation Z. For a company to succeed, all must coexist productively. Every generation offers distinctly different challenges, strengths & work styles. The key to working with a multigenerational workforce is understanding the needs & expectations of each generation to leverage the combined potential of the group. Gen Y (Millennials) and Gen Z are the talk of the town. But what about those that came before them?
Read more »Once upon a time, staying in a job for less than a year or two carried a huge stigma. It raised a red flag to potential employers about your seriousness, reliability, ability to work with a team and loyalty. Today, that logic is outdated. Switching jobs every few years is the norm, and it’s not just Millennials that are doing it. In fact, job hopping has become widely accepted. Fast Company recommends people switch jobs every three years for the rest of their lives.
Read more »Life in the accounting and finance world is fast, hectic and constantly changing. This is especially true during high demand cyclical periods like tax season and year-end close, when the stakes only get higher, and the stress only gets worse. Creating an environment that encourages and facilitates performance, productivity and positivity amongst your employees is essential to making sure your business keeps pace. Unfortunately, many businesses stumble. This leads to workplace dysfunction.
Read more »Entrepreneurs and human resource managers obsess over hiring. To find people with the best skill set and cultural fit, hiring managers analyze handshakes and resumes, invest in personality assessments, and engage in internet sleuthing. Yet despite these efforts, bad hires happen. In fact, according to research by Glassdoor and the Brandon Hall Group, 95% of companies admit to recruiting the wrong people each year. And more than one-third admitted that they were unaware of how costly hiring the wrong person can be.
Read more »You’ve probably worked with this person before. The one who rises through the ranks of the company with ease. While their ascent may appear effortless, they’ve most likely mastered the art of getting a promotion. If your annual review is approaching, don’t wait until the scheduled date to make your case. Act now to make sure when the time comes, there’s no doubt in your manager’s mind that you are ready for the next level.
Read more »As an accounting or finance professional with the right mix of skills and experience, you’re a hot commodity. The talent shortage in the industry is making hiring harder for employers, but this demand presents an opportunity for candidates. Companies are increasing salaries and offering better benefits. Generous bonuses and greater professional development opportunities are more commonplace. Here’s a look at why, even in a job market that favors employees, working with a recruiter is more valuable than ever.
Read more »One of the best ways to learn the ropes at a new workplace or to take your career to the next level is by finding a mentor. Studies have shown that people with mentors earn higher salaries, are promoted more frequently, and report higher job satisfaction than those without. Some companies offer formal mentoring programs, while other mentor relationships may grow organically at work or school.
Read more »Think about all the money that flows out of a business. Payments go to vendors, suppliers, utilities, and rent. And every dollar that a company spends goes through Accounts Payable (AP). For this reason, AP is vulnerable to fraud from inside and outside of the business. What is accounts payable fraud?
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