1. Recruitment, Selection, Training and Retention of Quality employees
Most organizations face challenges in the recruitment, training, and retention of their employees. It becomes difficult, time-consuming and expensive in getting the right person(s) for in-house accounting team. Moreover, once the time flies, it becomes one of the most arduous tasks for the management to retain the talent. Sometimes, it also becomes difficult to train/convince employees to follow planned structure as per their processes and procedures. So, completing the work within deadlines with desired quality in this competitive environment may be a difficult task due to high turnover of the employees.