Published On: July 13th, 2022Categories: Accounting, Client Support, Recruiting, Talent Management

Successful onboarding is a critical element of a new hire experience. According to a Gallup study, study, only 12% of the respondents feel that their companies have given them a complete and impactful onboarding.

Roughly 1 in 10 employees strongly agree that their organization practices successful onboarding.

Creating a successful onboarding program entails detailing different aspects that new hires need to learn to make it easier for them to perform their jobs effectively, especially during a time of hybrid or remote work. Successful onboarding can be incredibly challenging in the finance and accounting arena as knowledge of industry-specific software, tech tools and programs are often required depending on the company or position.

Here we look at 3 onboarding strategies specific to an Accounting Executive. However, many of these onboarding techniques apply across industries and employment sectors.

  1. Standardize onboarding strategies to target productivity for both remote and in-person work

An Account Executive role has a direct impact on revenue generation that affects the company’s overall goals. Therefore, creating a successful onboarding program for both remote and in-person work will enable a new hire to have a full grasp of the company’s culture, ideals, business, clients, etc. in hybrid work situations. And standardized onboarding strategies will create a sense of belonging for a new hire as all employees will have the same life cycle.

  1. Successful onboarding builds mutual trust and aligns with the company’s vision and culture

Creating a successful onboarding program can quickly establish alignment between a newly hired Accounting Executive and the company, which will influence their relationships with the other team members. Through well-thought-out onboarding strategies, the new hire can be exposed to the company’s values, standards, work processes, etc. Having a good foundation of trust and alignment leads to higher job satisfaction, increased productivity and efficiency.

  1. Effective onboarding strategies invest in training and recruitment strategies

Employees who experience a more successful onboarding experience enhance their motivation to contribute to the company. However, when a new hire’s experience is not organized and well thought out, there is a 50% chance the new hire will start off their new role with a bad impression, or worse—they’ll leave the company.

The Accounting Executive role also includes a lot of technical aspects that require a number of training sessions, which should be part of any employee onboarding strategy. Investing heavily in training and recruitment will increase the likelihood of a successful onboarding experience and have a positive impact on employee retention. Especially in this hybrid era, it is important for companies to be able to find new ways to execute processes, applying user-friendly systems and working within industry standards that will transcend the line between working from home and in-person.

Creating a successful onboarding program that is fluid for remote and in-person work entails a lot of research, planning and organization. Even though there may be an ongoing need to adjust or pivot onboarding strategies, the return on investment is worth it.

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