Delivering a core function that lies at the heart of the company, the finance and accounting department always has to be efficient, not just for the sake of streamlining business operations, but also for other objectives, such as meeting regulatory standards and building external goodwill.
The activities expected from a finance department cover a wide range from basic bookkeeping to providing information to assisting managers in making strategic decisions. At the base level, your finance department will be responsible for all the day to day transaction accounting for the business.
Research indicates that employees have three prime needs: Interesting work, recognition for doing a good job, and being let in on things that are going on in the company.
In order to increase efficiency in hiring and retention and to ensure consistency and compliance in the recruitment and selection process, it is recommended the following steps be followed:
- Identify Vacancy and Evaluate Need
- Develop Position Description
- Develop Recruitment Plan
- Select Search Committee
- Post Position and Implement Recruitment Plan
- Review Applicants and Develop Short List
- Conduct Interviews
- Select Hire
- Finalize Recruitment