Infographic: Do You Have the Right People on Your Financial Team?

Infographic: Do You Have the Right People on Your Financial Team?

How do you know if you have the right people on your financial team?

Do they know your industry?
Finding financial team members who understand the ins and outs of your industry can be difficult—and if they lack that knowledge, they could make mistakes or overlook new options or changing requirements, which could cost your organization in lost hours or fines.

Do they have the right skills and experience?
If your employees lack adequate skills and experience, that means a lot of training and management time for you, which increases your operational costs. On the other hand, hiring— and keeping—top-end accounting staff typically requires paying them high salaries.

Will they stay?
Every time an employee takes substantial time off or moves on to another job, you have to go back to the beginning— back to hiring and training another newcomer, which is a costly and time-consuming process. In addition, employees sometimes take critical knowledge with them, leaving you in a scramble to figure out how to plug the gaps they’ve left behind.

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