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
Improve your chance of finding a job during COVID-19
Improve your chance of finding a job during COVID-19
Taken from : How to land a job during COVID-19 by Michael Malone (Galway Daily) With Level 5 set to last for around four more weeks and uncertainty about what restrictions will be in place in the coming months, those in search of a new job may feel they are facing an uphill battle. But for those on the job hunt during the pandemic, it is important not to give up. That’s according to Sarah Hayes of Sigmar Recruitment, who says that there are a number of things people can do to improve their likelihood of finding a job. “Look at what is in your span of control and be proactive,” says Sarah. “The labour market has turned on its head since March and is constantly changing with government restrictions being implemented. “But it’s important not to give up as there are companies still hiring.” Top 6 tips to improve your chance of finding a job during COVID-19 1. Analyse the market Where are the jobs right now? Well, there are certain sectors that have been decimated by the pandemic, but others are still going strong. For example, DPD have just announced that they are expanding their operations and will create 700 jobs before the end of the year. Sigmar is hiring most across Manufacturing & Engineering, Technology & IT, Construction, E-Commerce, Customer Service, Health & Safety and Supply Chain & Logistics. The Lifesciences/ Pharmaceutical sector is busier than ever right now, with resumed elective surgeries, vaccine development, diagnostic testing and respiratory device production. Many companies are looking for multilingual speakers, for whom there is a great demand. So if you speak more than just English, there are opportunities out there. Familiarise yourself with who is hiring – keep an eye on the news, set up job alerts on the jobs boards, follow companies on LinkedIn, identify a recruitment consultant that recruits in your area and ask them to keep you updated on the market. 2. Market yourself Your cover letter, CV and your LinkedIn profile are your primary tools to market yourself. Prepare your CV, spend time on it and ask a recruitment consultant to help you to get it right (they will do this free of charge). Your CV and cover letter should always be tailored for the role you are applying for. Look at the job spec and mirror it back in your CV. It is also extremely important to keep your LinkedIn profile up to date. Make sure you have a profile picture, create a compelling summary, add your projects, populate the skills section, and remember when recruiters and even bots are searching for profiles they search for keywords and buzzwords. If you don’t have these, then your profile might be missed. Change your status to ‘Open to new opportunities’ and get active on LinkedIn – don’t just sit back and wait for someone to contact you! Connect with hiring managers and HR professionals in the companies you want to work for, send them your CV directly and ask them whether they are hiring. You should also follow the company pages so that new job announcements will show up in your news feed, in case you miss your dream job! 3. Network online Joining groups and forums relevant to the job you are looking for and skills that you have can be a great way to build connections and relationships with people who have similar profiles. Networking can be a great way of finding a job – some experts say that over 70% of jobs are found by networking. So as well as keeping an eye on the best recruitment websites, get networking and boost your chances of finding that dream job! 4. Upskill It’s a great time to identify gaps in your skillset and upskill – look at jobs being advertised online and see if you can identify any particular skills/qualifications that you are missing that might help with securing that job in the future. In lockdown, many people are finding themselves with much more free time than before – so what better time to look for online courses to close those gaps in your knowledge, learn a new skill set or even a new language. There are countless apps and online courses out there – so find out where you’re lacking and get learning! 5. Open up your search Perhaps one of the more positive things to come out of the pandemic is that people are becoming less tied to one location, as companies are learning that working from home is not only possible, but also beneficial for many people. There are a lot of remote working positions out there now, so don’t just limit yourself to searching for a position in your direct locality. Open up your search and keep an eye on jobs advertised in different locations but can be worked from home. 6. Step out of your comfort zone To stand out from the crowd, you may have to be creative. With Covid-19, there has been a shift towards video interviewing but Sigmar is also seeing an increase in video applications. Get yourself in front of a camera and talk through your CV and reasons for applying for a particular position (remember, like in your CV, to tailor your answers depending on the job!). You can send this video along with your CV, or directly to a hiring manager through LinkedIn. When it comes to interviews – most are taking place virtually. Therefore it is important to ensure you are prepared – make sure you have been sent the link in advance! It is also important to check that you have a good internet connection, that your camera is working and positioned appropriately, your background is professional, you are dressed appropriately. Look directly at the camera to make eye contact, and let them know that you’re the ideal candidate. If you do all of this, you give yourself every chance of landing a new job, even in the most unusual of times.
Trends in Construction Recruitment
Trends in Construction Recruitment
Trends in Construction Recruitment (Ireland): Marcel Skolimowski and Aileen O Boyle from our Technical team discuss: - COVID-19 effects on industry dynamics - 2023? Is that when construction will be fully back - Can offsite work increase in this sector? - Temps & contractors as a current industry trends View our latest Construction Jobs
“K-shaped” Workforce Patterns Begin to Emerge with Major Spike in Flexi-labour
“K-shaped” Workforce Patterns Begin to Emerge with Major Spike in Flexi-labour
The latest data from Sigmar Recruitment’s Employer Sentiment Report suggests that most companies plan on hiring more contingent labour in order to deal with the extended market turbulence. Having surveyed 1000 Irish based companies, 91% of respondents said they are more likely to hire temps or contractors than before COVID-19. Commenting on the results, Barry Rudden, Director, Sigmar Recruitment says; “This may signify a fundamental shift in how workforces will be constituted moving forward as employers are wary of future market shocks. Whilst demand has rebounded since March, companies just don’t know how the market will react to a possible second wave of infections, topped with Brexit fears, so there are still challenges ahead for organisations and as a result they are hesitant to commit to permanent hires.” One third of all companies surveyed said it was likely or highly likely that they would increase the % of temp/contract staff they already engage. “This is the norm in early stages of an extended recovery. Seeing this trend emerge at polar ends of the labour market is indicative of a new K-Shaped labour market.” says Rudden. He adds; “When viewed, in parallel with the explosion of the gig economy in the last decade, we now see increasing demand for temporary or contract workers in most white-collar industries, not just the traditional area of office/administration roles.” Companies surveyed expected requirements for temp/contract talent to be highest across IT, engineering & life sciences, accountancy, and HR along with office/administration. Hiring on a temporary or contract basis gives organisations an opportunity to ‘try before you buy’ i.e. hiring initially on a temporary basis before converting to permanent. “Given companies’ uncertainty at present, this model is potentially a perfect solution that enables businesses to ramp up and meet demand while the future looks uncertain. At the same time, it enables jobseekers to find work quickly. In our corresponding survey of 3500 candidates, the majority said they were more likely to consider temp or contract work than before the COVID-19 pandemic struck,” says Rudden. Flexible labour in demand at polar ends of the economy; powering growth in recovering sectors and offering interim cover for harder hit sectors 91% of employers plan to expand contingent worker numbers as increasing uncertainty looms 82% of candidates would consider temp or contract positions if given more flexibility, like remote working Further, 82% of candidates said they would be more likely to consider temp or contract work if they were offered flexibility, such as remote working. This is significant change in attitude considering 60% of respondents had not worked in a temporary or contract capacity in the past two years. Rudden adds, “It likely not only reflects the impact of the current crisis in terms of people having lost employment but perhaps a wider acceptance that flexibility may be required as we move forward.” Whilst market uncertainty prevails, what is certain is that we are in the midst of an extended period of transformation in the workplace with blended workforces i.e. a mix of permanent and temp/contract staff perhaps becoming the norm. “Prior to COVID-19 there were already several examples of major multinationals with a significant proportion of staff engaged as agency temps or contractors. We predict an increase in such models being used by other businesses going forward,” says Rudden. For a copy of the report, contact Barry Rudden on +35314744612 or email firstname.lastname@example.org
Trends in Engineering Recruitment (Video)
Trends in Engineering Recruitment (Video)
Marcel and Emma from Sigmar Recruitment chat about trends within the Irish Engineering recruitment market as well as on talent attraction and retention. What are skills and qualifications are currently in the highest demand and how did COVID 19 impact the industry? If you are looking for a job in engineering or medical devices email your CV to Emma Ward - email@example.com