Every generation is a new generation. How can you attract generations X, Y and Z and put their talents to work for your business?

Typically, each generation of workers has its own characteristics and aspirations. You should take this into account when interviewing candidates because the work experience they will want will vary based on whether they are in their twenties, thirties or fifties.

Each generation has its own priorities

Of course, each case is unique. But it’s fair to say that younger workers often look for the following:

  • Opportunities to progress rapidly within the organization;
  • Good, progressive conditions for work-life balance;
  • Businesses that are at the forefront in terms of technological tools, ways of doing things and communication methods;
  • Businesses that encourage knowledge sharing and have a strong organizational culture, in a climate of trust and respect;
  • The possibility of relying on a mentor (a more experienced employee) in the organization and on a friendly, collegial environment;
  • More human employers and a closer relationship with the immediate supervisor.

Meanwhile, older workers are more interested in:

  • Organizations where they can share their experience;
  • Challenges in which their level of expertise is valued and contributes to success;
  • Greater leeway in their responsibilities;
  • Flexible working hours, such as the option of a four-day week.

Generational mixes: an asset

As far as possible, be open to assessing applications from different generations to broaden and enrich the potential talent pool. This will make it easier for you to find the skills profile you need.

What’s more, aiming for a generational mix within your organization is a winning factor in recruiting and engaging staff.

Each age group has its strengths, can learn from another age group and can contribute in varied and complementary ways to the success of your business. With a structure and culture that encourage collaboration among your multi-generational employees, you’ll create an engaging work environment that fosters knowledge sharing and the development of new ideas.

Cultivating a sense of belonging

Engagement is just as important as recruitment because it’s the key to retaining your employees. So, create an organizational culture that emphasizes collaboration, development and recognition. Help younger workers to progress and older ones to share their know-how.

It’s your responsibility as an employer to motivate your troops and be proactive, especially in a teleworking context. You should do so through collaboration and communication tools, as well as training and activities that help develop that sense of belonging so essential to the success of any organization.

Adapting to candidates’ aspirations

In recent years, the labour shortage has shaken up recruitment strategies. Facing an abundance of vacancies, most workers can shop around and choose the job that best suits them. It’s up to employers to be as appealing as possible, and to adapt to the needs and aspirations of candidates interested in a position.

That’s why it’s important to focus your attention on the candidates you’re interviewing and take an interest in what motivates them.

See where they are in their career path and make sure you fully understand their needs. For example, ask them what they want to achieve in the next three to five years. This will help you:

  • Assess whether your offer matches candidates’ needs;
  • Find out whether candidates are ready to commit to your organization for a given number of years;
  • Propose an integration, development and training plan that aligns with candidates’ aspirations.

To build a relationship of trust with candidates, provide them with ample relevant information about the support you’ll be providing. And of course, once you’ve hired your rare gem, make sure you keep your promises!

Looking for advice on how to optimize your recruitment and staff engagement efforts? Contact our specialists. They’re happy to help.

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The International Accounting Standards Board (IASB) has amended IAS 21 The Effects of Changes in Foreign Exchange Rates to clarify the approach that should be taken by preparers of financial statements when they are reporting foreign currency transactions, translating foreign operations, or presenting financial statements in a different currency, and there is a long-term lack of exchangeability between the relevant currencies.

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Francis Richard
Manager | CPA, M.Sc. | Assurance

Choosing a business partner for all of your accounting needs is a crucial decision.

Looking beyond the numbers, opting for a large-scale firm offers numerous advantages.

A vast array of services

An accounting firm can give you access to a wide range of services, from the production of financial statements to income tax filing, with coaching from financial advisors. It will have the skills needed for managing a multitude of accounting assignments: compilation, audit and review engagements, bookkeeping, etc. The scope of its assignments will be unlimited.

Availability of a large team

An accounting firm will have diversified teams of professionals (CPA, tax specialists, consultants, lawyers and others) that ensure service continuity in all situations. If your chartered accountant is unavailable, there’s no need to worry: their team will immediately step in.

Guidance in all areas

A renowned firm will offer you much more than just accounting expertise. It can provide you with 360-degree support by pooling under one roof services such as consulting, Canadian and international taxation, taxes, cybersecurity, business succession, innovation and R&D, digital development support and much more. By choosing a firm, you’ll be opting for a true business partner, not just an accounting service provider.

Experience and multidisciplinary know-how

With an accounting firm, the diversity of experts is a major asset. What’s more, the experience acquired during team assignments benefits all clients. Different accountants specialize in areas that contribute to improving an organization’s profitability. These services encompass a multitude of strategies, including tax optimization, effective cost management and ensuring regulatory compliance.

Tailored services

Every business has specific needs, and a firm can propose tailored solutions adapted to each situation. Whether you’re a small regional business, a growing business or a larger business looking for highly specialized services, a firm will be able to meet your needs thanks to its many resources and expertise.

Advantage of a large, well-established network

The image and reputation of a renowned accounting firm can have a positive impact on your business. The seriousness and professionalism that a firm embodies in the eyes of investors and the business community strengthen your credibility and attractiveness. Moreover, a firm will have an extensive and experienced network that can help your business forge valuable relationships.

By opting for an accounting firm, not only will you increase your chances of optimizing your profits and reducing your tax burden—you will also build a partnership that goes well beyond a simple accounting framework.

17 Aug 2023  |  Written by :

Francis Richard is an assurance expert at Raymond Chabot Grant Thornton.

See the profile

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The International Sustainability Standards Board (ISSB) has issued its first two international sustainability standards (the Standards) that become effective for periods beginning on or after January 1, 2024.

Together they mark the start of a new era of requiring reporting entities to make sustainability-related disclosures.

In Canada, the Canadian Sustainability Standards Board (CSSB or the Board) was created to work in partnership with the ISSB to drive the adoption of the ISSB standards in Canada.

As of the date of this publication, no decision has yet been made on whether and when the Standards will be adopted in Canada.

Read this document for more details.

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