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Role of HR: 5 Essential Ways to Improve Accountant Performance
In today’s rapidly evolving business world, accountants are expected to work quickly and accurately while also adapting to ever-changing technology and regulations. This is where the role of Human Resources (HR) becomes crucial. HR is not only responsible for recruiting accountants but also for ensuring their development and optimal performance.
Here are 5 key roles HR plays in supporting the accounting profession:
1. HR and Effective Accountant Recruitment Strategy
HR plays a major role in sourcing and selecting accountants who are not only technically competent but also possess the necessary soft skills, such as integrity, attention to detail, and analytical ability.
What does HR do?
- Creates specific job descriptions
- Administers personality and skills tests
- Conducts interviews to assess both technical and personal qualities of candidates
With a structured recruitment process, companies can ensure they hire accountants who are well-suited to both the required competencies and the workplace environment.
2. HR Support in Enhancing Accountant Competency
The accounting field is constantly evolving—due to changes in regulations, tax laws, and technologies such as ERP software. HR’s role is vital in providing the necessary training and development programs to ensure accountants stay up-to-date.
This training may include:
- Learning new accounting software (e.g., SAP, Accurate, etc.)
- Workshops on taxation or updates to Financial Accounting Standards (PSAK)
- Preparatory programs for professional accounting certifications (such as CPA or CA), often facilitated in partnership with official institutions
With the right training support from HR, accountants can continuously improve their skills. This not only boosts productivity but also minimizes errors in daily tasks.
Read Also: Human Resource: Key to Business Success in the Digital Era
3. Performance Evaluation of Accountants: HR’s Strategic Role
HR is involved in designing performance evaluation systems that are measurable, transparent, and aligned with key success indicators in accounting. This is crucial, as accountants work with data that must be accurate and reliable for generating financial reports.
The preparation of financial statements must also be timely, reflecting the level of performance and discipline of the accountants.
What is typically assessed?
- Accuracy and completeness of financial reports
- Compliance with accounting standards and tax regulations
- Ability to collaborate within the audit team and with other departments
With a good evaluation system, companies can identify which accountants are performing well and which require further development.
4. How HR Helps Maintain Work-Life Balance for Accountants
Work-life balance is essential—not only for productivity but also for employee well-being and job satisfaction. This is especially relevant for accountants, who often face heavy workloads during audits or fiscal year-end. Therefore, HR plays a critical role in creating a work environment that supports this balance.
Here are several ways HR supports accountants’ work-life balance:
Flexible Policies
HR can offer flexible working arrangements, such as remote work (WFH), adjustable working hours, and easy leave management. These policies allow accountants to balance work demands with personal and family needs.
Well-being Programs
HR’s well-being initiatives, such as stress management training and health programs, help accountants maintain physical and mental health. This is crucial for reducing burnout and enhancing resilience under work pressure.
Fair Leave Policies
HR ensures accountants have access to fair leave policies, including annual leave, sick leave, and unpaid leave. This provides flexibility for accountants to recharge after intense work periods.
Open Communication
HR encourages open communication between employees and management, including discussions about challenges in maintaining work-life balance. By listening, HR can adjust policies to better meet employee needs.
Performance Evaluation Based on Results
HR evaluates accountants based on their results rather than just the hours worked. This way, accountants can meet job objectives without sacrificing personal time or family life.
Training and Development
HR offers training to help accountants enhance both hard and soft skills, making them more capable of handling changes in the industry. This training includes skills like time management, cost of sales analysis, financial planning, and other areas supporting their performance.
Building a Supportive Work Culture
HR helps create an open work atmosphere where employees feel comfortable discussing personal challenges affecting their work-life balance. This ensures HR can adjust policies and support to align with the needs of all employees.
With these policies and programs, HR helps create a positive and productive work environment for accountants. This not only enhances employee satisfaction but also supports the company in retaining talented accountants, contributing to long-term business success.
5. HR’s Role in Designing Accountant Career Paths
HR is responsible for designing clear career paths for accountants, from junior positions to managerial roles. With a structured career plan, accountants feel valued and more motivated to grow within the company.
Example of a career path:
Junior Accountant → Senior Accountant → Accounting Manager → Finance Director
By having clear career planning, companies can more easily manage succession planning and ensure top talent remains within the accounting department.
Conclusion
The role of HR in supporting accountants is vital. From recruitment to career development, HR significantly contributes to the quality and performance of a company’s accounting team.
With strong collaboration between HR and the finance department, companies can establish a solid foundation for running operations efficiently, transparently, and sustainably.