Why you should hire a temporary worker for Year-End Closing
The Benefits of Temporary Workers in Year-End Closing
1. Cost-effective Support
Temporary workers provide a cost-effective solution to manage the increased workload during year-end closing. Employing temporary workers allows businesses to scale their workforce without the long-term commitment and expenses associated with hiring permanent employees. They can fill in resource gaps, ensuring that the closing process is completed efficiently and within the required period.
2. Flexibility in Staffing
Year-end closing often requires additional resources for a limited period. Temporary workers offer the flexibility to ramp up staffing levels during peak periods and scale down once the process is completed. This flexibility helps optimize staffing levels, ensuring that regular employees are not overworked and can focus on their core responsibilities.
3. Expertise and Specialized Skills
Temporary workers bring a diverse range of expertise and specialized skills to the table. They can provide valuable insights and knowledge in areas such as account reconciliation, financial analysis, and financial reporting. Their experience and familiarity with year-end closing processes can help streamline operations and improve the overall quality of financial reporting.
4. Trial Period for Potential Hires
Hiring temporary workers during the year-end closing process allows companies to evaluate their skills and suitability for permanent positions. This trial period provides an opportunity to assess their performance, work ethic, and compatibility with the company's culture and values. It helps reduce the risk of hiring the wrong candidates and ensures a better fit for long-term positions.
5. Short-term Assignments for Retirees and Highly Qualified Individuals
Top 3 Temporary Workers in Year-End Closing
Temporary workers can fulfil various roles in the year-end closing process, contributing to its success. Here are some key roles they can play:
1. Account Reconciliation Specialists
Account reconciliation is a critical aspect of year-end closing, ensuring the accuracy and completeness of financial data. Temporary workers with expertise in account reconciliation can contribute to this process by reviewing and reconciling financial accounts, identifying discrepancies, and rectifying errors. Their diligence and analytical skills are invaluable in ensuring the integrity of financial statements.
2. Financial Analysts
Financial analysts play a crucial role in analysing financial data and preparing reports for decision-making. Temporary workers with a background in financial analysis can assist in reviewing revenue and expense trends, identifying potential areas for improvement, and providing insights into the company's financial performance. Their analytical expertise helps management make informed decisions based on reliable financial information.
3. Financial Report Preparers
Temporary workers can also contribute to the preparation of financial statements, such as the income statement, balance sheet, and cash flow statement. They can assist in compiling and organizing financial data, ensuring that it aligns with accounting standards and regulatory requirements. Their understanding of financial reporting guidelines contribute to accurate and compliant financial statements.
Conclusion
Temporary workers play a valuable role in year-end closing, enhancing efficiency and flexibility in finance. Their cost-effective support, expertise, and ability to fill resource gaps contribute to a smooth and effective closing process. By leveraging the benefits of temporary workers and implementing best practices, businesses can optimize their year-end closing operations, ensuring accurate financial reporting and informed decision-making. Embracing the value of temporary workers in year-end closing can be a strategic move towards achieving financial success and growth.
Find your next accounting and finance contractor
Hiring contractors can have many benefits for your business. You’ll be able to address your unique business needs and find a contractor that offers the skills and flexibility you require.
Does contracting sound like a good fit for you? In this blog, we’ve outlined nine reasons why you should consider a temporary employment contract.
As a specialist recruitment and executive search firm with over 30 years’ experience, we've helped many professionals find their next exciting opportunity, whether that's within global organisations or growing SMEs. Search for your next accounting or finance contract opportunity.
Signup to receive the latest discipline specific articles
Related articles
Teaser
Finance & AccountingContent Type
General
25/04/24
Summary
Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons
by
Neil Burton
Teaser
GovernanceContent Type
Fintech
18/04/24
Summary
The role of risk and compliance in financial services As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine
by
David Clamp
Teaser
Executive SearchContent Type
General
18/04/24
Summary
Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b
by
Tracey Alper
Related jobs
Salary:
£27,000 - £30,000 per annum
Location:
Harrogate, North Yorkshire
Industry
Manufacturing
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Marks Sattin are currently recruiting a Senior Accounts Payable Assistant on behalf of a well established business based in Harrogate.
Reference
BBBH180382
Expiry Date
01/01/01
Author
Yasmin CloughAuthor
Yasmin CloughSalary:
£350 - £450 per day
Location:
Manchester, Greater Manchester
Industry
Consumer & Retail
Qualification
None specified
Market
Commerce & Industry
Salary
£350 - £450
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Payroll Consultant | Hybrid | Up to £450pd - Outside IR35 | Manchester
Reference
BBBH180380
Expiry Date
01/01/01
Author
Jamie MillerAuthor
Jamie MillerSalary:
£450 - £550 per day
Location:
City of London, London
Industry
Real Estate
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£350 - £450
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
Our client is a reputable real estate firm seeking an experienced Senior Finance Manager on an interim to perm basis for an initial 6 month basis!
Reference
BBBH179895
Expiry Date
01/01/01
Author
Jaden AlieAuthor
Jaden AlieSalary:
£28,000 - £30,000 per annum
Location:
Wythenshawe, Greater Manchester
Industry
Manufacturing
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Payroll Specialist | Wythenshawe | Office Based | £26,000-£30,000
Reference
BBBH180378
Expiry Date
01/01/01
Author
Evie CoatesAuthor
Evie CoatesSalary:
£150,000 - £175,000 per annum + Equity, Bonus and Benefits
Location:
West Midlands
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin executive search is working with a PE-Backed Environmental services business
Reference
TA 3268
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£27,000 - £28,000 per annum
Location:
Bristol
Industry
Insurance
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Accounts Assistant | up to 28k DOE | 4 days onsite - 1 from home
Reference
BBBH180376
Expiry Date
01/01/01
Author
Ali ArslanAuthor
Ali ArslanSalary:
£50,000 - £60,000 per annum
Location:
South London, London
Industry
Consumer & Retail
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
TEMP TO PERM FINANCE MANAGER FOR A FASHION RETAIL COMPANY
Reference
BBBH180370
Expiry Date
01/01/01
Author
Chelsea MillsAuthor
Chelsea MillsSalary:
£17.41 - £19.75 per hour
Location:
Bath, Somerset
Industry
Education
Qualification
None specified
Market
Commerce & Industry
Salary
£150 - £250
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Varied Credit Control position - £17.51 - £19.75 DOE - 2-3 month initial contract
Reference
BBBH180375
Expiry Date
01/01/01
Author
Ali ArslanAuthor
Ali ArslanSalary:
Negotiable
Location:
City of London, London
Industry
Investment Management
Qualification
Fully qualified
Market
Financial Services
Salary
£80,000 - £100,000
Job Discipline
Newly Qualified Finance
Contract Type:
Contract
Description
Fund Controller - Infrastructure/Renewables - 6m Fixed Term Contract
Reference
BBBH180368
Expiry Date
01/01/01
Author
Paul RocheAuthor
Paul RocheSalary:
£60,000 - £70,000 per annum
Location:
Crewe, Cheshire
Industry
Transport & Logistics
Qualification
None specified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Commercial Finance Analyst role for a well established business in Crewe offering hybrid working paying a salary of up to £70,000.
Reference
BBBH180009
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan Jones