Millennials have now taken over the workforce. The kids have grown up and they are now ready to face the challenges of the finance and accounting world within the trenches of your department. However, like other generations, Millennials have their own ways in doing things that may not suit your usual management ways. As we work in the midst of the COVID-19 pandemic, it is important to update your management plan to suit how millenials are adjusting to this new environment.

The accounting profession has been continuously evolving. After the global financial crisis in 2008, businesses across the globe have taken a step back to evaluate their financial strategies and accounting practices. More recently, technological advancements and the increasing number of millennial accounting professionals drive disruptions in terms of how businesses operate and how their workforce is structured.

How important is a support system in a working environment? May it be virtual or on-site, management support to employees is pivotal in the fulfillment of your goals as an internal team and as a company.

Remote work is now the new norm after the pandemic outbreak. Now more than ever, managers and team leaders are actively promoting teamwork at home for better engagement and productivity for their groups.

As economies around the world re-open this month, businesses are starting to prepare for their transition to a “new normal”, where social distancing guidelines are still part of our everyday lives. With the anxiety and dread surrounding these uncertain times, it can be a challenge maintaining emotional intelligence during the Coronavirus outbreak. 

As uncertainty crawls around the normalcy we had before the pandemic, businesses have been trying to pick their revenue up from a big dip. The diminishing opportunities for sales growth are among the many facets of the Coronavirus pandemic’s impact on the economy.