Forvis Mazars Presents Comprehensive Approach to Address Employee Retention Crisis in Thailand, Especially in Accounting and Finance
Forvis Mazars, a leading international audit, tax, and advisory firm, is stepping up to help Thai organizations tackle the employee retention crisis, particularly in the accounting and finance sector. With low unemployment rates, rising voluntary attrition rates, and a shrinking labor force, businesses are facing unprecedented challenges in finding and retaining skilled employees.
To combat these issues, Forvis Mazars is advocating for a strategic focus on employee development and retention. A recent survey by LinkedIn revealed that 94% of employees are more likely to stay with a company that invests in their career growth. However, only a fraction of companies have formal mentoring programs or initiatives for employee learning.
Recognizing the importance of employee development, Forvis Mazars has implemented structured training programs, both in-person and online, and collaborates with experts to educate staff on relevant topics like artificial intelligence and mental health awareness. According to Mr. Jonathan Fryer, Head of APAC Outsourcing Partner and Partner at Forvis Mazars in Thailand, investing in employee development is not just a strategic move but a moral obligation for organizations.
In response to the looming crisis in the accounting profession, Forvis Mazars emphasizes the need for accountants with advanced technological skills. As the role of accountants evolves to incorporate AI, machine learning, and RPA, candidates must adapt and learn various software applications to stay relevant in the digital age.
To assist organizations in overcoming hiring and retention challenges, Forvis Mazars offers outsourced accounting and finance services and the placement of qualified staff on a part-time or full-time basis. These solutions aim to alleviate immediate hiring pressures and contribute to the long-term stability and adaptability of businesses in a dynamic economic landscape.
By providing tailored solutions and expert services, Forvis Mazars is empowering organizations to focus on their core objectives and achieve sustainable growth in the face of talent acquisition and retention complexities.