Forvis Mazars Offers Solutions for Employee Retention in Thailand
Forvis Mazars Offers Solutions for Employee Retention in Thailand
In the midst of the ongoing employee retention crisis in Thailand, Forvis Mazars, a prominent international audit, tax, and advisory firm, is stepping up to provide comprehensive solutions, particularly in the accounting and finance sector.
With low unemployment rates, rising voluntary attrition rates, and a shrinking labor force, organizations are facing unprecedented challenges in finding and retaining talented employees. To tackle this pressing issue, Forvis Mazars is emphasizing the strategic importance of employee development and retention.
According to a recent survey by LinkedIn, 94% of employees expressed a willingness to stay longer at a company if their career development was invested in. However, only a small percentage of companies have formal mentoring programs or initiatives for employee learning.
Recognizing the significance of employee development, Forvis Mazars has implemented structured training programs, both in-person and online, and collaborates with experts to educate its staff on relevant topics such as artificial intelligence and mental health awareness.
Mr. Jonathan Fryer, Head of APAC Outsourcing Partner and Partner at Forvis Mazars in Thailand, highlights the importance of investing in employee development as a strategic move and a moral obligation for organizations. By providing employees with the tools to grow professionally, organizations can enhance career prospects and foster a loyal workforce.
In today’s dynamic workplace, successful managers are adopting coaching and mentoring roles, moving away from authoritarian leadership styles. Forvis Mazars conducts monthly well-being surveys to gauge employee satisfaction and make necessary improvements to create a positive workplace culture.
The accounting profession is facing a crisis due to a shortage of accountants, with a decline in students majoring in accounting and a decrease in CPA exam candidates. To address this challenge, Forvis Mazars emphasizes the need for accountants with advanced technological skills to adapt to the evolving role of technology in the profession.
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.
Through their tailored solutions, Forvis Mazars aims to support organizations in navigating talent acquisition and retention complexities, empowering businesses to focus on core objectives and achieve sustainable growth.