CFODailyNews.com » Recession’s opened new doors for most A/P staffers

Recession’s opened new doors for most A/P staffers

May 29, 2009 by Jared Bilski
Posted in: Benchmarking, Efficiency, In this week's e-newsletter, Latest news & views, Management issues

A silver lining in the economic downturn: More A/P staffers are becoming involved in strategic departmental activities — and moving away from low-value tasks.

Due to layoffs, furloughs and hiring freezes, the recession has given more employees the chance to expand their daily tasks and take on more challenging work.

A recent survey from the staffing firm, Accountemps, found that 77% cited at least one opportunity that the recession has afforded them.

Check out the chart below for more details on the types of expanded roles A/P workers have taken on lately.

cfodaily_chart51

Although most employees crave more challenging work, it’s important not to go overboard and burn out staffers — especially if monetary rewards are not an option.

Formal recognition and low-cost gift cards for an “Employee of the Month” award can foster friendly competition and show employees you appreciate their hard work.

There are also plenty of other low-cost perks that work in lieu of monetary raises.

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