The future of remote work in the accounting industry
Whiz Consulting Co-Founder, Kavish Singh, shares his perspective on the future of remote working for the accounting industry and what we can expect in the future.
DALLAS, Texas, USA, August 26, 2022 /EINPresswire.com/ — It has been more than 2 years since we were affected by COVID, forcing us to adapt to a new work environment. Remote work has become the new normal for people around the world. Employees and employers are looking to better understand the long-term prospects of remote work. Reactions to remote work have been mixed. A crowd applauds the work-from-home (WFH) method as it allows them to return to their families and meet their needs, while some prefer the traditional work environment. But now that we’re here uncertain of what the future holds in terms of the pandemic, because it hasn’t stopped, the question arises, “is remote working the right way to go from before ?”.
In our chat today, we have one of the leading accounting and bookkeeping service providers, Quick consultationKavish Singh, co-founder of , who shares his views on remote working for the accounting industry and what we can expect in the near future.
Speaking about the elephant in the room, Mr Kavish Singh said: “Every industry treats remote work differently. While many IT companies are embracing remote work, many are offering permanent work from home as an option for employees. However, when it comes to the accounting industry, this is still a moot point.
“Being in the accounting and bookkeeping outsourcing segment, we have been working with remote clients long before COVID. And we can say without a doubt that remote work for business owners is not a pipe dream but a very efficient way of working if the process is implemented correctly. The hurdles we faced in the early years, when we had just entered the market as a location-independent company, were difficult. We now provide our services to businesses in the US, Canada, UK, Australia and New Zealand hassle-free. We have been highly appreciated by our clients for our work and we encounter few problems due to the fact that we work remotely.
Many businesses have been a day behind and a dollar short in adapting to the pandemic. And now that with so many uncertain scenarios, it is imperative to adopt the right means to maintain efficiency and productivity at work. Some companies allow their employees to telecommute, others only allow telecommute for certain positions, and a few companies do not allow telecommute. This is because they don’t know if it will work well for them and they are afraid that employees will slack off or do something else while they are working.
“Micromanaging or not believing that your employees will not be responsible and take ownership of the task at hand is not a positive trait. Accounting is an activity that requires attention to detail and a state of mind. mind of laser focus because it is prone to mistakes and mistakes. And because of this, many feel tempted to micro-manage and doubt the work of employees. As I mentioned before, it is necessary to put in implements a proper process to help set up an effective WFH setup.A few tools that have helped us facilitate this process are online accounting software like Xero accounting and other software for time tracking, task management, and video calling.
The rise of remote work has brought about a change in the way people do their jobs. As more and more people work remotely, companies have started looking for ways to make this process more efficient. Working from home is not for everyone. Some people like to have some degree of separation between work and personal life. They feel more productive if they can come into the office, communicate with their colleagues, and leave their work at the office when they get home. Others would prefer to be able to focus on work without all the distractions of an office environment, such as noise and other people. In some cases, people need the structure of an office environment to stay focused on their work.
When asked what the solution might be to this mixed response from employees, Mr. Singh replied, “Embracing the new ‘new normal’ is the key in such a case. The new “new normal” is hybrid working. Inasmuch as accounting and bookkeeping services outsourcing company, our employees work in a hybrid model. This has been adapted due to the complexity of the work we do and the conflict of thought for remote work among employees. It gives us the best of both worlds, WFH and WFO. This allows our employees to work at their convenience while staying connected to a colleague for an important project without missing out on much-needed family time.
“Hybrid working benefits both employees and employers because it provides the right connectivity and isolation for ideal work. While accounting and bookkeeping is a process that can work well remotely, the process of strategy and planning is efficient and faster when done verbally in person. Hybrid working also enhances feedback and provides space for constructive criticism, which otherwise in a remote working structure can be misled by negative feedback.
So which hybrid model works best for businesses? “The answer to this question is subjective and depends on many factors. What works for some businesses may not work for others. The size of the organization, type of industry, budget, technical support and other factors influence it. You can prioritize remote work and allow employees to choose to work from the office as they please, or you can prioritize working from the office. You can also set up a hybrid model based on schedules, i.e. split or week by week. And finally, you can also implement the hybrid model for designated teams. It’s about how effectively you can work with your employees and maximize their productivity while maintaining their physical and mental well-being. It’s a trial and error process.
About Whiz Consulting:
A well-known accounting and bookkeeping firm, Whiz Consulting has specialists with decades of experience and expertise. They can handle everything from basic accounting and bookkeeping to reporting and consulting. They provide services to small, medium, and large businesses in real estate, media, e-commerce, legal, and other industries.