Category: Blog

Looking at the Long-Term Costs of Audit Layoffs During COVID-19

Introduction We are living in a historic moment. The novel coronavirus and COVID-19 continue to impact societies and economies around the world. The pandemic is challenging the status quo, and forcing innovative action. We witnessed the signing of an unprecedented economic stimulus package in the United States. And we’ve watched unemployment levels skyrocket, despite attempts to limit layoffs during COVID-19. Across every sector and industry, business leaders face a difficult decision: where to cut costs. For many, the logical solution is reducing staff and limiting payroll expenses. But those who choose to layoff employees, particularly experienced auditors, will face more…

Purpose in the Modern Workplace

Why Today’s Leaders Are Investing in Meaning Introduction The average person will spend one-third of their life at work. That adds up to 90,000 hours or more over the course of a lifetime. And that number is only going up. In the information era, today’s workforce is always on. They’re connected to their work through an endless series of digital channels and devices. Considering this, it should come as no surprise that 9 in 10 workers would willingly take a pay cut if it meant engaging in more purposeful work. As such, companies must embed purpose in every aspect of…

The Hidden Costs of Traditional Staffing Solutions

And the unique benefits of strategic staffing solutions Anyone who has survived their first busy season knows that workflow in the financial sector exists in a constant state of flux. Each year, HR departments stare down the same problem: how to staff up for peak seasons without burning out full-time staff.  While supplemental and temporary employees provide a buffer for your full-time employees, it also takes time and resources to recruit, onboard, and manage them. In addition to being more expensive—many seasonal auditors can make 75% of their annual salary in just a few months—there are also less quantifiable costs…

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