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In 2024, burnout has taken centre stage in the workplace. Particularly within accounting support teams, the challenge of managing burnout has become increasingly relevant, fuelled by the rise of flexible working arrangements and remote setups The overtime dilemma
The overtime dilemma
A concerning trend has emerged, with a significant uptick in employees logging overtime hours. In our recent Market Trends survey, a staggering 50% of candidates have been logging consistent overtime, with 14% pulling in ten plus extra hours per week. This persistent culture of overwork has inevitably led to burnout among team members, prompting many to explore new career opportunities elsewhere.
For further insights from our recent Market Trends survey, see our report below.
Rethinking traditional approaches
To address this growing concern, businesses are exploring innovative strategies to support their accounting teams and mitigate burnout. One approach gaining traction is the shift towards employing contract support for short-term projects, especially during peak periods such as financial year ends or surges in workload.
The benefits of contract support
By leveraging contract support, companies can provide their existing teams with much-needed assistance during periods of heightened demand. This not only alleviates the burden on full-time employees but also ensures that projects are completed efficiently and on time. Additionally, contractors are compensated for the hours they work, fostering a mutually beneficial arrangement where both parties benefit.
For more information on how contractors can benefit your business, check out our "Why should you hire contractors?" blog.
A win-win solution
In essence, the adoption of contract support offers a win-win solution for businesses and their accounting teams. Employees receive the support they need to manage their workload effectively, reducing the risk of burnout and turnover. Meanwhile, companies can maintain productivity levels without overburdening their staff, ultimately fostering a healthier and more sustainable work environment for all.
As we get a handle on the complexities of modern work culture, it's imperative for businesses to prioritise the well-being of their employees. By implementing proactive measures to address burnout, such as leveraging contract support, businesses can cultivate a workplace where employees thrive.
If you would like to discuss this topic further, please reach out to one of our experts for a confidential chat.