<-- Back to Building a Winning Finance Team Series

Best Practices for Attracting and Retaining the Best Finance & Accounting Talent

 
 

Well-integrated, high-performing finance teams–those that “click”–never lose sight of their goals and are largely self-sustaining. In fact, they seem to take on a life of their own. And it all comes down to selection and leadership.

Teams that 'click' always have a leader who hand selected them and creates the environment and establishes the operating principles and values that are conducive to high performance always perform the best. The evidence for this is clearly seen in organizations where a manager who creates high performance finance moves to another part of the organization, or a different organization, and within 18 months they once again establish a high-performing team. Follow the steps for your roadmap to create similarly high-performing teams.

___________________________________________________

STEP 1: Choosing your high-performing finance team

Talent mix:

  • Communication strengths
  • A and B players
  • Technical Strengths

Fit:

  • With existing team
  • Skills/interest in Laying foundation

___________________________________________________

STEP 2: Developing your high-performing finance team

Foundation:

   * Define and communicate – roles, responsibilities & goals

Focusing on Strengths:

   * Developing Team members

  • Enthusiastic beginner = needs direction
  • Disillusioned learner = needs coaching
  • Cautious completer = Needs support
  • Self-reliant achiever = Needs responsibility

Training:

   * How Strong Team Members React to a Weak Link

  • Identify the weak one – a weak link cannot hide. Strong team members know who isn’t performing up to the level of everyone else.
  • Help the weak one – choice to ignore or help, typically will help.
  • Resent the weak one – no one likes to fall behind consistently because of the same person.
  • Become less effective – carrying another’s load compromises your performance. Whole team suffers.
  • Question leaders’s ability – If a weak link remains ,other doubt leader’s courage and discernment.

___________________________________________________

STEP 3: Maintaining your high-performing finance team

Sharing Success – celebrating success 

  * Creating Fun:

  • Charge a team/sub-team/individual with responsibility for fun. Culture Club, Minister of Fun, Sustainability Team
  • Get the frequency just right. More than just once a year. Less than drinks every night.

  * Do something physical or charitable on occasion:

  • Evidence has shown that these types of activities are even more impactful for teams.

Bottom Line – higher retention, more caring, more efficient, more cohesive, client-focused, higher realization, value-add work.


If you're a hiring manager overwhelmed with the hiring process or just don't have the time to conduct a thorough search, Halcyon Finance & Accounting can carry out every step as outlined above. Feel free to review our hiring process and contact us to discuss in greater detail.

   


How can we help? Please let us know how we can support you or your business?





































































































































































































































































































_________________________