5 Ways to Use Contract Roles in Accounting and Finance
Since the pandemic, 43% of finance managers have said it’s time to increase headcount.
Growing a business leads to an increased demand for finance and accounting professionals. According to the Bureau of Labor Statistics, 750,800 new jobs in finance and business are expected to be added between 2020 and 2030.
But many businesses today are currently experiencing understaffing. An October 2021 survey of 11,000 professionals in the U.S. found 50% reported their companies as being understaffed.
To adapt to a competitive landscape and optimize operations, many financial and accounting firms are hiring contract workers. Here are 5 ways you can use contractors at your business.
Contractors Provide Support Where Needed
For just about any business need you have for your accounting or finance firm, a contractor may be able to help. Some contractors work as consultants and will work for your business for a set amount of time and provide you with feedback and recommendations on how to improve. You can use contractors to support you during busy times, work for you when your budget is limited and fill in gaps for big projects.