4 Suggestions For Prioritizing The Mental Health Of Advisory Company Employees at Work

Accounting and tax professionals are accustomed to working long hours and meeting deadlines under pressure. Advisory companies in particular may suffer from burnout, stress, and anxiety as a result of these pressures.

May is Mental Health Awareness Month, which gives advising companies a chance to emphasize relaxation and renewal. Recognizing your employees’ mental health is not just a compassionate gesture; it is a strategic business move that may improve client service, boost productivity, and foster a healthy work-life balance for all. The stress of tax season can last long after filing deadlines.

Here are four ways your company can spend money this month encouraging healthy habits.

Establish Boundaries To Lessen Stress

The excessive workload is one of the biggest causes of stress for advising businesses, particularly smaller ones. To prevent taking on more than you can manage, it’s critical to be open and honest with your team and clients about how much work you are able to accomplish. It’s important to take pauses during the day and refrain from reviewing work-related or email communications after hours.

Establishing limits can help you achieve a good work-life balance. Consider carefully the work hours and flexibility rules and practices of your company. Make sure your staff is inspired to prioritize self-care in whatever way that suits them, such as taking a vacation or an afternoon away from the workplace.

Your staff will feel empowered to take breaks, refuel, and participate in activities that enhance their mental well-being if you cultivate a culture that appreciates and encourages work-life balance. A psychologically sound workplace can result in enhanced decision-making and general performance, which can eventually raise the caliber of the advising services you offer.

Contract Out Difficult Jobs

To reduce the workload on your staff during Mental Health Awareness Month, think about outsourcing some of your tasks. By assigning non-core tasks to outside service providers, you may give your employees more mental and physical energy and time, which promotes a happier and healthier work environment.

In addition to lowering stress, outsourcing frees up your staff to concentrate on higher-value tasks that call for their knowledge and strategic thinking. Additionally, this may inspire them to take charge of their tasks and provide their clients with more interesting and engaging services.

Provide Wellness Advantages

ACCA’s Global Trends Survey 2024 indicates that 63% of businesses want their company to provide them with extra assistance in managing their mental health. By implementing wellness initiatives, you can assist your advisory business in meeting the demands of a rigorous industry. The aim of these programs is to assist accounting professionals in effectively handling the various forms of stress that they are likely to experience in their line of work.

Programs for the welfare of accounting employees may include:

• Free of charge, private therapy or recommendations
• Services for in-home therapy
• Education on mental health
• Apps and web resources for well-being are available
• Creating a mental health-positive work environment makes your team feel comfortable and supported, which increases the likelihood that they will continue to be motivated and involved in providing advisory services.

Invest In Tax Software That Uses AI

AI-powered tax software has the potential to completely transform advisory businesses, and technology has altered the accounting and tax industries. These cutting-edge gadgets improve accuracy, automate tedious jobs, and streamline procedures.

Your advice firm can drastically cut down on time and effort spent on manual procedures by investing in tax software driven by artificial intelligence. By doing this, you not only boost productivity but also reduce the possibility of mistakes, which may be a big source of stress for your company. Your staff may concentrate on offering strategic advising services and fostering client connections now that they have more time and mental capacity available.

Boost Employee Wellbeing at Your Advice Business Right Now

Give your teams the time, space, and resources they require to strike the ideal work-life balance for themselves and to produce the highest level of output your company requires during Mental Health Awareness Month. Recall that putting mental health first benefits more than just staff members; it also contributes to the success of advising businesses like yours.