Everperform Index Insight: Seasonal trends and the Wellbeing of Accounting Managers

Everperform's data highlights a recurring trend: a notable decline in the Wellbeing of accounting managers during specific periods of the year. This insight, drawn from our comprehensive Wellbeing Index, prompts a closer look at the factors impacting this vital segment of the Australian workforce.

While Wellbeing scores may fluctuate throughout the year, certain periods consistently show a downturn. This suggests a correlation between these periods and specific workplace stressors impacting accounting managers in Australia.

Potential Contributors to Seasonal Declines in Wellbeing:

• Increased Workload:  Accounting professionals often experience peak workloads during specific times of the year. These periods may be associated with financial reporting deadlines, regulatory compliance requirements, or other industry-specific demands. The increased workload can lead to longer hours, tighter deadlines, and a greater pressure to perform, all of which can contribute to stress and impact Wellbeing.
• Speed of Change and Increased Expectations: The accounting industry is constantly evolving, with new technologies, regulations, and client expectations emerging rapidly. This rapid pace of change can create pressure on managers to adapt quickly, learn new skills, and meet increasingly demanding expectations from both employees and clients. This constant pressure to keep up and excel can contribute to stress and impact Wellbeing.
• Resource Constraints:  Peak workload periods may coincide with staff absences or leave, leaving teams operating with reduced capacity. This can place additional strain on managers who need to cover gaps, manage workloads, and maintain productivity with fewer resources.

Linking to Psychosocial Hazards:

The observed decline in Wellbeing during peak workload periods may be linked to several psychosocial hazards prevalent in the accounting profession:

• High Job Demands:  Increased workloads, tight deadlines, and complex tasks can create excessive job demands, leading to stress, anxiety, and burnout.
• Low Job Control:  Accounting managers may have limited control over their work pace and processes, particularly during periods with strict deadlines and external pressures. This lack of autonomy can contribute to feelings of helplessness and stress.
• Poor Support:  During busy periods, managers may feel a lack of support from colleagues or superiors, leading to feelings of isolation and increased pressure.

This Everperform Index Insight underscores the importance of recognizing the potential impact of workplace stressors on accounting managers, particularly during demanding periods. By understanding these trends and their connection to psychosocial hazards, organizations can take proactive steps to mitigate risks, foster a supportive work environment, and promote the Wellbeing of their employees.

Explore the Everperform Index and gain valuable insights into employee Wellbeing at hub.everperform.com or book a discovery call below.

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