Gaps in your hiring are costing you money in more ways than one. Your finance department is an essential team responsible for all your business’s financial aspects. Staffing gaps can slow down reporting, compromise compliance, and create unnecessary risk. With the right approach, you can fill those gaps with top-tier talent who bring long-term value to your organization. These five practical hiring insights will help you build a stronger, more future-ready finance department.
1. Identify Critical Skill Gaps
Improve your finance department by performing a skills evaluation. Identify skills your team lacks that could negatively impact productivity and work quality. Here are some common must-have skills for a finance department:
- Analysis
- Compliance
- Reporting
- Forecasting
Fill in these gaps by hiring employees who have the needed work experience or education. You can also work to cross-train current employees. That way, you reduce the risk of new skill gaps appearing if an employee leaves.
2. Leverage Temporary-to-Permanent Solutions
You may find that you need to hire additional employees for your financial department. Hiring temp-to-perm employees is a smart strategy. It allows you to assess the new hire without committing to a full-time permanent hire. During this time, you can evaluate the employee’s skills and how they fit into the existing culture. Make permanent hire offers for the employees who are a success.
3. Look Beyond Traditional Finance Backgrounds
When hiring, be open to considering potential employees who do not have a specific finance background. Many finance skills are transferable from other professions and industries. You create a much larger applicant pool by keeping your job listing generalized. That way, you can reach higher-quality candidates and find the perfect fit.
4. Prioritize Tech-Savvy Candidates
Candidates need to have experience with technology, as modern companies utilize a variety of software platforms. Especially in the finance department, a candidate needs to have working knowledge of the software used to be successful in the role. Beyond basic accounting and financial software, familiarity with automation tools and data visualization platforms is also helpful. Being willing to embrace evolving technology helps a company stay at the forefront of its industry.
5. Partner with a Staffing Agency
Working with a staffing agency can make hiring for your financial department easier and more affordable. A reputable staffing company has a vast network of candidates. They also have experience with placing high-quality hires. Take advantage of these assets to fill out your financial department with knowledgeable and skilled employees. The staffing company will streamline the hiring process by managing job listings and pre-screening candidates.
Fill Your Finance Department Gaps
Your finance department is the backbone of your business. Ignoring gaps in your finance department doesn’t just impact productivity—it can create serious financial and compliance risks. You can protect your bottom line and improve efficiency by identifying skill gaps, leveraging temporary-to-permanent hires, and being strategic about your staffing needs. BOS Staffing specializes in connecting businesses with high-quality finance professionals who are ready to deliver value from day one.
Contact us today to start building a more resilient finance team.
