The market for newly qualified accountants is the busiest it has been in my five years working in recruitment and you will certainly have some good options available to you should you decide to leave practice. The first job you take outside of practice is an important decision to make, and it is a choice that you should put some serious thought and consideration in to.
What kind of job would I like to do?
As a newly qualified ACA accountant the experience will be attractive to a variety of different employers. Rather than just having the mind-set to take any job that is not external audit, decide what kind of jobyou would genuinely like to do. There is the option to move into financial accounting/financial reporting/financial analysis/internal audit etc. jobs. The first job you move into outside of practice may shape your career for the next 3-5 years. Given the amount of time you have spent studying, working long hours etc. in external audit, it is important that you move into a job type that you will genuinely enjoy and hopefully stay in for a number of years.
What kind of industry would I like to work in?
If you have spent 3-4 years working in audit you will have first-hand knowledge of companies in a variety of industries. Think about companies that you have audited that you would actually like to work for yourself and then target a job in a similar organisation. If you decide to continue your career in Dublin you are lucky in that there are a number of large employers in most industry sectors including Banking, Insurance, Funds and Multinationals. Even Irish owned SMEs and start-up companies are starting to hire again. It will be easier to secure a job in the industry sector that you audited but some companies will see that your skills are transferable and will offer you an opportunity to change sectors. Speak to your recruiter about which companies will give you this option.
Should I stay working in practice beyond my training contract?
Whilst a significant percentage of accountants working in audit will want to leave practice as soon as their training contract expires a lot will want to stay working in practice. This can be a good option for some candidates. You can progress to managerial level, manage larger teams and be exposed to more senior stakeholders in a variety of different companies. This will be advantageous to some candidates in the long term. However if you are not going to be exposed to anything new by staying on in your current role then it may be better to move on.
There is also the option to move to a different accountancy practice on completion of your training contract. Big 4/Top 7 audit firms are always looking to hire good auditor seniors. Changing accountancy practices may give you exposure to new clients and may give you an opportunity to audit clients in a different sector than you are used to. If you qualified in a Top 20 practice it may be a good idea to get a year experience in a Big 4 audit firm if the ultimate aim is to get a role in one of the big multinational/financial service organisations.
What is most important to you in a new job?
All candidates will have different motives for leaving practice. For some they will want to join an organisation big enough whereby they can constantly progress and develop over the next 5-10 years. Others will prefer to go into a role that will offer more variety and more of a mental challenge. For some newly qualified accountants after spending three years working 60 hours a week they will just want a job that will allow them to finish work every day at 5pm. Whatever your motivation, there will be different options available.
If using a recruiter be honest with them and this will result in you interviewing with the most appropriate companies for your skill set. Also speak to colleagues in years above you in practice who have left to join companies in industry as they will be able to give you first-hand information as to whate roles outside of practice really are like.
Get your CV updated
Until you interview your CV is the only document you have to describe your skills and experience. Despite all the resources available to candidates (CV templates, CV advice online etc.) some qualified accountants still cannot prepare good CVs. Your CV should do you justice and describe all relevant experience you have built up over your training contract. If you are unsure about CV layout or what to include then speak to a recruiter directly and they can help you with this process. In general your CV should be clear, concise, easy to read and very informative (facts and figures). If you have trained in audit list the different clients you have audited and describe their size (turnover, number of employees etc.) and industry sector. Recruiters see hundreds of CVs from Big 4 candidates every year and most CVs look very similar – what distinguishes one from the other is the different clients that you have worked on. Your audit clients will also be the first thing employers will look at when reviewing your application along with your educational record.
In certain cases your recruiter may get you to tailor your CV for an application to a specific role – this will significantly increase your chance of securing an interview.
Meet with a recruiter
Meeting with a recruiter in person will be much more beneficial that just having a phone call with them. At an initial meeting you can have an open and honest conversation around what kind of job you actually want. This should result in you only being put forward to jobs you would be genuinely interested in rather than being submitted to ten different jobs just because your skill set is desired by the client. Applying to jobs of no appeal to you is a waste of the recruiter’s and the client’s time and does not reflect well on you either. By meeting with the recruiter at the beginning of your job search you will also distinguish yourself from the other hundred candidates coming out of training contracts at the same time. A good recruiter will also be able to match you to a company environment that will suit your personality as well as your skill set.
Don’t wait for someone to approach you – be proactive and contact a recruitment consultant yourself. It is nice to be approached about a job and feel as though you are being headhunted for a specific role, however often the recruiters with the most jobs for you will not have the time to search through LinkedIn for hours to find suitable candidates. By registering your details with a good recruitment consultant you will ensure that you are kept aware of all suitable job opportunities that may arise. Even if you are not looking for a role immediately the best way to find out about good jobs is by having a relationship with the recruiter that will be speaking to these companies. Also, recruiters that have worked with companies for a number of years tend to be able to influence clients into meeting candidates that they have met and can personally recommend.
By applying to a job through an agency you should be able to gain a competitive advantage over applicants that apply directly. Your recruiter will be able to give you advice about the company, the work environment, the hiring manager and also be able to conduct interview preparation with you. They will also be able to keep you better informed of the timelines involved in the process and will be able to ensure the hiring manager makes a quick decision if you are interviewing with a couple of different companies.
What salary can I get?
Naturally the salary you attain in a new job is an important factor when making your decision about what company to join. Luckily as a qualified ACA accountant in Dublin you can expect to receive a good salary in the current market. Companies in different industries pay different various salaries so have a look at salary guides for an idea of what you may be eligible for. Sometimes companies will offer lower salaries at first but with a view to increasing your remuneration and benefits as you progress whereas other companies will offer a higher salary initially but will offer no salary increase or no room for career progression over the next three years. Be open minded regarding salary and listen to the advice of your recruitment consultant as well as from fellow colleagues, managers etc. The first job you take outside of practice is an important decision and taking a short term view in terms of salary expectations may not be the best move in the longer term. Also, in reality a couple of grand difference in salary is going to make little difference to your monthly take home pay.
Should I take a contract job?
A lot of candidates will only consider permanent jobs when looking to change. Whilst this is understandable in some circumstances (mortgage application etc.), ruling out contract roles can seriously limit your options. The majority of large multinational or financial services companies in Dublin tend to offer contract roles initially. In general these tend to be permanent in all but name and will be extended beyond the initial fixed term contract. Again your recruiter will be able to offer you advice around which companies will make you permanent and which ones won’t.
I plan on going travelling after my training contract ends
On completion of a training contract or within a year of qualifying, a large percentage of accountants will go abroad to travel or to work. Depending on your personal circumstances you may be better off staying in your current practice for six months before going away whereas in the majority of cases it may be good to try and get 6-12 months industry experience before going away as this will make your CV look more marketable when you decide to return to Ireland. Of course this is dependent on individual circumstance and jobs on offer.
If I fail my FAEs?
If you fail your exams you will still have a significant number of options available to you. The first thing you should consider is whether you plan on repeating your ACA exams the following year. If this is the case, the best option will likely be to stay working in practice as no company in industry will offer you the amount of study leave that you will get in practice. If you are unhappy in your role maybe consider joining another audit firm that will offer a new environment and new clients to work with.
A good option for a lot of candidates is to change to ACCA. This is still a prestigious qualification that will be hugely beneficial to you over the course of your career. You will be exempt from most exams and should be able to qualify within a year. The exam format is much friendlier to people in full time jobs than ACA exams are. The majority of accountants that train in industry will undertake ACCA exams rather than ACA ones. If you want to stay doing ACA maybe consider taking a contract role until next summer and then take a couple of months off to study for your FAEs once again.
You will still have lots of options available to you to move into industry. You have the same amount of work experience as those that are qualified and your skillset will still be in demand to employers. You may not command the same salary that qualified accountants can but you will still get a good package. You will also have a year’s experience in industry (rather than another twelve months in practice) and when you qualify next year you should be able to command the same salary as your work colleagues who pass the exams this year.
If you have any questions on your present position or are interested in roles that Sigmar has on offer please contact our team – email@example.com or call 01-4744600.
Posted by Recruitment Consultant, Sigmar on 4 December 2017
Six Benefits of Working Over the Christmas Period
Six Benefits of Working Over the Christmas Period
No annual leave left? Or maybe the high demand in work has meant you’ve been requested to come in? Don’t worry, whatever the reason there are some benefits to working over the Christmas period. Getting Ahead of Work The best part of being one of the few people working this time of year is that you will have the peace and quiet you need to get things done. Catch up on work and get a head start on work for the new year. With the phone not ringing constantly and emails not flooding your inbox, it’s an opportunity to get some headspace to really get ahead of your workload. Getting a Seat on Public Transport For anyone who commutes to work this will really feel like a Christmas miracle. Having your own seat and maybe even a seat for your coat and bag is a really nice perk to working this time of year. Avoid Unappealing Christmas Parties This time of year brings a lot of nights out and they’re not always nights out you’re in favour of. Working gives you the perfect excuse to turn down any unwanted invitations for a Christmas session. Although, if you do want to go, working shouldn’t stop you. Just pace yourself and be sure to stay hydrated and get enough sleep. Christmas Organised If you’re working over Christmas chances are you’ve known about it for a couple weeks or even months, so you’ll be organised well in advance. It’s a great feeling coming up to Christmas knowing you won’t be part of the mad Christmas Eve rush to buy last minute presents. Being Recognised as a Team Player Maybe you were asked to work over Christmas because of workload or because of staff demand. Accepting you have to work and coming in with a smile, will go a long way with your supervisors and colleagues. It might be fun! It’s Christmas and everything this time of year is joyful! Take the time to treat yourself and indulge. Get that Christmas latte or treat yourself to a fancy lunch or a delivery to the office. Whether you will be working or not, Sigmar Recruitment would like to take this opportunity to wish you a happy Christmas and every success in 2020.
Lessons Halloween Can Teach a Job Seeker
Lessons Halloween Can Teach a Job Seeker
Because it’s Halloween we thought we would have a little fun and come up with 5 ways job seekers can learn from this festive season and apply it to their job search. Carve Out a Plan Approach your job search like carving out a pumpkin at Halloween. You need to carve out your plan before you can start applying for jobs. This is the time that you decide exactly what you want to do, the type of company you want to work for, the type of salary you are looking for etc. Once you know what you want, it’s time to get your CV together. Job seekers need to be specific in their applications, so having a plan will definitely improve your application. You can’t just apply for batch of jobs and hope for the best. Know what you want and demonstrate your interest in your application. A hiring manager can always tell when someone applied without any real interest or plan in place. Do Things That Scare You Halloween is a time where we enjoy being scared and job seekers should use this same approach. Looking for a new job is an opportunity to come out of your comfort zone and try something new and that can be scary. Maybe you would like a career change, or work in a new location or just work in a completely different type of company? As a job seeker you have the ability to push yourself to new boundaries so don’t be afraid to be afraid. Sometimes a little fear is a good thing. Trick or Treat Job seeking is kind of like trick or treating. We’re not saying you should trick anyone who doesn’t give you a job but remind yourself of the concept. Don’t be afraid to knock on a few doors to ask for what you want. Kids look for sweets on Halloween and they’re not afraid to ask for it. You should approach your job search like this. Don’t be afraid to put yourself out there and ask people for what you’re looking for. Contact some old colleagues or college friends and see if they know of any opportunities. You could even approach HR managers directly on LinkedIn and ask if there are any available positions. It doesn’t hurt to ask. Be Inspired and Have Some Fun! Looking for a new job is not all doom and gloom. Halloween is a great time for creativity and so is job seeking! Get excited about your new venture and explore different options and be inspired by other people working in your field. This is a time for you to shoot for the stars. It may seem scary at first but when you start seeing available jobs that match what you’re looking for and jobs that you match the criteria for, it’s starts to get really exciting! Enjoy it. Enjoy finding new opportunities and discovering what your options are. We hope you take something from these tops this Halloween and Sigmar would like to take this opportunity to wish you all a safe and happy Halloween.
Benefits of Using a Recruitment Agency
Benefits of Using a Recruitment Agency
What is the best job to apply for? Do I have the right experience? Is my CV presentable? How do I prepare for this interview? Job seeking can be daunting and it can be very hard to answer all these questions yourself. The natural inclination for many is to look at job hunting as a numbers game and send your CV to as many companies and vacancies as possible. Surely, by the law of averages, you will get in somewhere, right? This approach is outdated and will extend your job-hunt time significantly while putting you in danger of missing out on that perfect job. Using a reputable recruitment agency offers you dedicated professional assistance to guide you through the process from start to finish while offering a wide variety of benefits; CV Help Recruiters invest their time in you and your CV. Your CV is your first opportunity to make an impression with the decision makers in the company you are applying to. Therefore, it is important to go through it with a fine-tooth comb to ensure your skills and experience are a match to the specific job requirements. Recruiters are well-versed at teasing out relevant information that may correlate to the specific job specifications from your employment history. You will then be advised on how to make your CV stand out from the others, with the aim of securing an interview with your desired company. Relationship with the Company and the Hiring Managers Sigmar Recruitment has established long-standing relationships with large multinationals, SME’s and start-ups across a variety of industries. Our recruiters have a direct line to the HR departments and decision makers in the companies that we hire for. We know when the jobs are coming up, what they are looking for both in terms of specific job requirements and cultural fit. Through liaising with hiring managers, our recruiters are able to ascertain the real requirements for the job, exactly what they are looking for in a candidate. Navigating Recruitment Management Systems Direct applications are becoming a thing of the past. If you have applied direct to a company, we cannot represent you for that company for a period of 6-12 months, under their Recruitment Management Restrictions. This means that an application that you haven’t put any thought into can hold you back from applying to your dream company for several months. Further to this, it is important to note that an application isn’t role specific and Recruitment Management Restrictions could apply even if you simply create a profile on a company website and don’t necessarily apply to any jobs. If you see a role advertised that is of interest – Contact your dedicated Sigmar Recruitment Consultant to see about them submitting an application on your behalf! Feedback A recruiter can provide you with timely feedback at every stage of the process, offering both formal and informal feedback. On the contrary, a direct application can often result in frustration whereby you, being any one of a hundred applicants on that day, apply directly and hear nothing back. Recruiters have a direct line of contact to the hiring manager expediting the process. Recruiters can also forward on your thoughts on the business and interview panellists after the interview, which may be able to put you in an even better light. Interview preparation So, the recruiter has submitted your (now amazing) CV to your dream company, and you have secured an interview… Now what? You will be provided with extensive interview preparation to ensure that you will be fully prepared to wow the interviewer. Over a coffee or a brief meeting at a time that suits you, you will go through mock interviews, be provided with insights on what the companies are looking for, what type of questions they ask and offered guidance on how best to answer them. You will walk into the interview confident and ready to knock ‘em dead! Negotiate on your behalf Negotiating salary and benefits can be unnerving, so why not leave it to the experts? Recruiters spend five days a week negotiating terms, conditions, salaries and rates. Recruiters are well-versed, they know what to ask, how to ask and what is attainable. It’s Free The service that recruitment agencies provide for the candidate is free of charge. The company that hires you will be charged a fee when you start working but this will in not affect you in any respect. If you are looking to move jobs or simply want to see what’s out there contact get in touch with us by email or call. If you are coming from a different background/industry/location pop onto our website: www.sigmarrecruitment.com and reach out to any of our dedicated Recruitment Consultants.
Doing These 10 Things will make you the Best Boss in the World – According to Google
Doing These 10 Things will make you the Best Boss in the World – According to Google
Today, 16th October is officially known as Boss’s Day. It’s a significant day considering we all have a boss or we are a boss, but what we want to know is makes a great one? You can go to great lengths to hire the best team but without a great manager the team will ultimately fail. Google is acutely aware of this, so for the last 10 years they conducted extensive research on this topic under the code name Project Oxygen. The goal? Figure out what makes the perfect manager, so companies like Google could train its leaders to be the best in the worlds. The research has paid off, as over the years Google has seen improvement in employee turnover, satisfaction, and performance. Want to know what make the perfect boss? It all comes down to these 10 behaviours… 1. A Good Coach A great boss allows their employees to solve their own problems. Rather than doing everything themselves, they teach others to do the work so they can be responsible for their own tasks. Taking the time to teach staff and encouraging them to upskill makes for a more empowered staff. A great boss allows their employees grow and guides them as much as they can. 2. Empowers Team and Does Not Micromanage Giving staff the freedom to do their job is key to being a great boss. Employees need to be trusted in order for them to succeed. Robert Gibbs, Chief Human Capital Officer of NASA is an advocate for this. During Robert Gibbs keynote at Talent Summit he explained how NASA’s raison d'être boils down to the flourishment of human kind, giving NASA the ultimate competitive advantage. Robert believes in “the power of presuming positive intent”. Belief goes a long way and sometimes to get the best out of people the best thing a boss can do is to just believe in them. 3. Creates an Inclusive Team Environment, Showing Concern for Success and Well-Being Putting emphasis on building social capital in the workplace is a trait of a great boss. Margaret Heffernan is an entrepreneur, CEO, writer and keynote speaker who understands that social capital takes time, focus and energy, but if the ingredients are right, can bind human capital to achieve success beyond measure. A great boss will know that loyalty, friendship and comradery in the workplace create a shared commitment to success, something we may struggle to replicate in the gig economy. In short, being trusting and trustworthy is the basis of creating a just work culture that inspires success. 4. Is Productive and Results-Oriented The best type of boss will motivate and inspire their team purely by just working hard at their job. If a manager is lazy and their team doesn’t really see them doing much it really just encourages the staff to do the same. Having a boss who is not afraid to roll their sleeves up and get stuck in to any given task is the type of leader that inspires their staff. 5. Is A Good Communicator — Listens and Shares Information A great boss shares information from their staff. Having a transparent boss means staff learn more and are encouraged to be transparent themselves. A great boss is a good communicator but an even better listener. 6. Supports Career Development and Discusses Performance A great boss will always encourage their staff to develop, praise them when they do well and constructively criticise when it’s needed. Sir Ken Robinson is a believer in the importance of a culture that gives us the opportunity to engage in creativity and how creativity should be encouraged in our businesses. Humans are born with endless capacities but they need to be adapted in order to become abilities. Sir Ken uses a clever anecdote about learning to play guitar to explain his theory. We are all born with the capacity to play guitar, but we don’t have the ability until we learn to play the instrument. We need to open up our employees to new opportunities to learn and adapt skills and unlock talents they didn’t even know they had. Criticism is also very valuable to employees. A great boss will always praise their staff on doing a good job but will have the capacity to explain in a constructive way when work isn’t at it’s highest standard. This kind of behaviour encourages learning and development which is a key behaviour of a great boss. 7. Has A Clear Vision/Strategy For The Team A great boss had a plan. They know where their team is, where they are headed and what is needed to reach their end goals. A great boss needs to be catalyst for the team/companies vision. When the team loses motivation or drive, the boss needs to be there to remind everyone of the strategy and keep things in motion. 8. Has Key Technical Skills to Help Advise the Team Understanding every staff member’s job is crucial to being a great boss. A great boss will appreciate the work that goes into completing tasks and is on hand with useful advice when needed. If a boss has unrealistic expectations because he/she doesn’t understand their staffs role, employees will only ever feel like they are underdelivering and when they need advice they feel their boss doesn’t quite understand the problems at hand. A boss who has the technical skills will welcome their staff seeking guidance. 9. Collaborates Across Effectively A great manager always sees the big picture. They work for the good of the company as a whole and encourage their teams to do the same. A great leader will promote camaraderie and integration and encourage everyone to come together and work on goals that benefit the company as a whole. 10. Is A Strong Decision Maker A great boss is decisive and not impulsive. They are confident in their knowledge and make decisions that they stick to. Being a leader means being brave in your actions to lead and guide others. You need to be courageousness to lead beyond the odds, stick to your decisions to be a great boss. Google have really hit the nail on the head with these behaviours. If you can promote these behaviours and train your leaders using these 10 points from Google, you’ll build teams that will trust and inspire one another to achieve success beyond measure.