Optimise your IT

Hold on to your best talent

A new study reveals the importance of collaboration and flexibility in professional firms for retaining the best and brightest young people.

Hold on to your best talent

Is your workplace a flexible and collaborative one? For accounting firms, having such a workplace is crucial to retaining the best employees. Millennials value employers that offer greater flexibility and team collaboration according to research by professional services advisory firm PwC.

The recent PwC’s Next Gen: A Global Generational Study, found that traditional factors such as fair pay, a stable upward career path and the prestige of partnership remain essential, but were not enough to retain valuable talent long term. In the future, firms that create a workplace characterised by flexible and collaborative working arrangements will have the edge in attracting and retaining the best and brightest.

Accelerate the integration of technology into the workplace, enabling workers to harness technology in ways that give them more flexibility and increase efficiency. To millennials this is an absolute must—they expect to have access to the best tools for collaboration and execution.

PwC’s Next Gen: A Global Generational Study

Consider your own accounting practice: do your team members collaborate as well as they could, especially at tax time? If some of them are working offsite, the motivation might already be there, but the tools are lacking for effective collaboration.

A more flexible and collaborative working environment is one where connecting with clients and colleagues is simple and intuitive. IP telephony – internet and phone all bundled as one seamless service in the cloud – is a tool that can foster employee collaboration in ways never before possible. For example, you can bring in colleagues on client conference calls instantly, wherever they are located. IP telephony also enables easy video conferencing, making face to face contact between team members possible across multiple sites.

If you want to hold onto your best people, technology tools that help engender job satisfaction are important. As the PwC report recommends in its conclusion: “Accelerate the integration of technology into the workplace, enabling workers to harness technology in ways that give them more flexibility and increase efficiency. To Millennials this is an absolute must – they expect to have access to the best tools for collaboration and execution.”In


In summary
  • Millennials value employers that offer greater flexibility and team collaboration
  • Accounting and legal firms that create such a workplace will have the edge in attracting and retaining the best and brightest
  • New-generation cloud tools can foster employee collaboration in ways never before possible
  • Integration of relevant technology into the workplace is important.

Related News

How to prepare your network for the world of tomorrow
Reach global markets
Reach global markets
How to prepare your network for the world of tomorrow

We investigate the technologies you need to prepare your global network for a disruptive decade. We’re on the cusp of a global data explosion. In its Essential Guide to Network...

2018's top technology trends
Create transformative innovation
Create transformative innovation
2018's top technology trends

From the introduction of 5G and GDPR to the mainstream embrace of multi-cloud environments, we take a look at 2018’s biggest technology trends. 1.     Building Australia’s firs...

Next-gen collaboration: How to work with AI
Liberate your workforce
Liberate your workforce
Next-gen collaboration: How to work with AI

We take a look at how Australian businesses are using AI as the next step on their digital transformation journeys to enhance collaboration and productivity. Australian busines...

VicRoads Camera
Optimise your IT
Optimise your IT
VicRoads digital transformation in the cloud and beyond

How VicRoads managed its cloud migration, improving data compliance and streamlining its digital operations. Last year, VicRoads embarked on an ambitious project to revolution...