December 2022
More for Less: 4 Reasons a Four Day Work Week Could Spell Success for Your Accountancy Firm
Accountancy is a field that’s been drastically changing and evolving for some time now. Flexible working arrangements were already becoming more in demand pre-pandemic, and that demand is only growing stronger.
With cloud-based CRM solutions, automation and accounting software, the completion of financial tasks can really be handled anytime, anywhere these days. So a shift to flexible and hybrid working has become a natural evolution in the accountancy industry. But what about an even more radical change?
As many businesses gear up to trial the four day working week in the UK, could this be the answer to the your recruitment and efficiency troubles? It might seem unlikely, with less time in the working week, but if you look at the bigger picture the benefits are clear. Here are 4 reasons a four day work week could spell success for your accountancy firm…
1. Modernise and evolve your accountancy firm with industry trends
In the past few years more and more of the workforce have packed up from jobs with companies that refuse to modernise in search of more flexible employers. And it’s working for them!
So now is the time to take advantage of that. With so many people in the job market looking for flexibility, shifting your accountancy firm to a four day working week could attract more eager potential employees! A four day working week offering shows that you’re willing to modernise with business trends and understand that more accountants are looking for flexibility and a stronger work/life balance. So why not offer it?
2. Improve productivity
More hours working doesn’t necessarily mean more work being done. In fact studies have shown that a four day work week can actually improve productivity.
When employees are able to focus more on specific tasks rather than logging a specific number of hours, they’re more likely to have higher levels of focus and work in a more productive way. Your accountants can spend less time looking at the clock and more time focusing on their work, especially with the robust accounting tools offered with a bespoke CRM solution.
3. Happier employees and less burnout
More focus than ever before is being put on employee wellbeing, and business that don’t consider this tend to have a higher churn rate of employees. Studies of the four day work week elsewhere in the world have shown lower instances of burnout in employees.
With a three day weekend your accountancy employees can focus more on resting and less on trying to get everything done in a short space of time. They can spend more time with friends and family outside of work, without having to sacrifice rest days.
4. Retain employees
Finally, with happier and more productive employees comes fewer resignations. Accountants are increasingly looking for a better work/life balance in this busy industry. So if the opportunity presents itself elsewhere, they’re likely to leap at it.
By offering more flexibility, the opportunity to properly rest each week and a progressive company culture that shows an understanding of the need to have some freedom you’re more likely to retain employees. So, if you’re worried that your accountants are looking to jump ship, why not set the wheels in motion for modernising your accountancy firm with a four day working week?
The tools to offer flexibility
With a bespoke CRM that enables flexibility with 24/7 support and cloud-hosting, you could enable your accountants to do the same amount of work in four days then in five. And they’ll thank you for the additional freedom. So why not try a CRM package that enables you to offer more flexibility to employees?
Get in touch to book a free demo of Lunar CRM and see how it could help your accountancy firm evolve!