Forvis Mazars Offers Comprehensive Solutions to Address Employee Retention Crisis in Thailand’s Accounting and Finance Sector
Forvis Mazars, a leading international audit, tax, and advisory firm, is taking proactive steps to help Thai organizations address the employee retention crisis, particularly in the accounting and finance sector. With low unemployment rates, increasing voluntary attrition rates, and a shrinking labor force, the challenge of finding and retaining employees has become more daunting than ever.
Recognizing the strategic importance of employee development and retention, Forvis Mazars has implemented a comprehensive approach to tackle this pressing issue. The company emphasizes the need for organizations to invest in their employees’ career development, as evidenced by a recent LinkedIn survey showing that 94% of employees are more likely to stay at a company that invests in their growth.
Mr. Jonathan Fryer, Head of APAC Outsourcing Partner and Partner at Forvis Mazars in Thailand, highlights the importance of investing in employee development, stating, “By providing employees with the necessary tools and resources to grow professionally, we are not only enhancing their career prospects but also fostering a loyal and engaged workforce.”
In response to the evolving workplace dynamics, Forvis Mazars has introduced structured training programs, both in-person and online, to equip its staff with the skills needed to succeed in a rapidly changing environment. The company also collaborates with industry experts to provide training on topics such as artificial intelligence, Web3, and mental health awareness.
Furthermore, Forvis Mazars emphasizes the role of managers in creating a supportive work environment by adopting coaching and mentoring practices. The company conducts regular well-being surveys to assess employee satisfaction, evaluate the working environment, and provide necessary support to enhance the overall workplace culture.
Addressing the specific challenges faced by the accounting profession, Forvis Mazars recognizes the need for accountants to possess advanced technological skills. With the increasing integration of AI, machine learning, and RPA in accounting practices, the company emphasizes the importance of continuous upskilling to bridge the talent gap and ensure the profession remains relevant in the digital age.
To assist organizations in overcoming hiring and retention challenges, Forvis Mazars offers innovative solutions such as outsourced accounting and finance services and flexible staffing options. These solutions aim to alleviate immediate hiring pressures, improve performance, ensure compliance, and contribute to the long-term stability and adaptability of businesses in a dynamic economic landscape.
Mr. Fryer concludes, “Through our tailored solutions, we aim to support organizations in navigating the complexities of talent acquisition and retention. By providing flexible staffing options and expert accounting services, we empower businesses to focus on their core objectives and achieve sustainable growth.”
With its proactive approach to addressing the employee retention crisis, Forvis Mazars is setting a benchmark for organizations in Thailand to prioritize employee development and create a supportive work environment to ensure long-term success in the face of evolving workforce challenges.