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FPI: Three ways remote jobs boost your practice recruitment search

20th Mar 2023
Brought to you by
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Bright was created in 2021 when Thesaurus Software Ltd. and Relate Software Ltd. decided to join...
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Have you found this content useful? Use the button above to save it to your profile.

We’ve been doing some digging. Bright customers have told us they’re facing a real challenge when it comes to recruiting great people, so we investigated the ratio of job searchers to jobs available in major cities to create the Finance Professionals Index (FPI).  

With Manchester and Nottingham worst-hit, seeing just two applicants on average for every accounting job, we explore three reasons why practice owners and managers shouldn’t shy away from expanding their reach to bring in remote workers from other areas of the country. 

1. Access a wider pool of talent 

Okay, so we’re starting with perhaps the most obvious reason, but it’s worth highlighting as a standalone point.  

That’s because it makes a significant difference when it comes to recruitment – especially when you’re looking for specific skills, like Corporation Tax experts or a CoSec specialist.  

It stands to reason that you’ll have more luck finding that perfect person by allowing remote working; maybe your dream team is scattered all across the UK and you don’t even know it (yet!) 

But – a word of caution – keep an eye on your budget. Remote workers may expect a salary consistent with their home area’s cost of living. Be realistic about what you’re offering and what you’ll gain from expanding your search. 

2. Improve employee retention

We’ve all heard of ‘quiet quitting’ and it’s a fair reason to be cautious of fully remote recruitment strategies. However, it’s also true that remote workers are happier, more fulfilled and more productive. All of that adds up to better employee retention, which is a win-win for your practice and your team.  

Finding good people is one thing but keeping them on your team is the golden egg. You’ll save money on recruitment costs and boost your turnover.  

Remote workers are 22% happier with their jobs than on-site workers and are 13% more likely to stay in their role for around five years, per Owl Labs

3. Diversity and inclusion 

The data is clear on this one; businesses with strong diversity, equity and inclusion credentials attract better employees, improve client loyalty and overall make more money than those who treat it as a box-ticking exercise.  

So reason three on this list is a self-feeding benefit – you’ll improve your diversity and inclusion by hiring more remote workers. From making it easier for people with disabilities to access work to boosting your team’s skills with a diverse range of voices, you’ll find that the more you put DEI at the fore, the more it will benefit your practice. 

It’s not hard to be a successful hybrid workplace… 

Just make sure you’re using the right software! 

Bright makes reliable and flexible software for accountants. From payroll to tax and practice management, book a demo to learn how we can help you (alongside our thousands of happy customers sprinkled across the nation.)  

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