Thursday, December 27, 2007
Follow Ups Are Key
Read the conversation here.
Wednesday, December 26, 2007
Juggling Work and Hunting
The Trick to Finding A New Job Without Losing the Old One [WSJ]
Friday, December 21, 2007
You Can Drown in Water That's 1 Inch Deep, on Average
Read the full story.
Thursday, December 20, 2007
More Risk Opportunities for N.Y. Area CPAs
Read the full story.
Wednesday, December 19, 2007
See Your Future Job at GigZig
Put in your job today and GigZig shows you what people with your job are typically doing five years later. It also shows you what different proportions of them were doing five years ago (which is amusing but not really relevant because who cares what everyone with your position was doing five years ago).
You can also use GigZig to play some “What If” games. Suppose you’re a staff accountant now (median salary $41,557). If you earn your CPA, your salary will rocket to $58,118 and five years from now, you’re most likely to be a controller ($76,481) or a CFO ($120,150). Skip the CPA and you’re most likely to be a senior accountant ($54,819) or an accounting manager ($56,920).
When you tire of looking at accounting positions, you can start checking up on your siblings career choices so you have something to chat about next week at holiday gatherings.
I don’t think I’ll tell my little sister that despite her brilliant performance as “Woman eating BLT and onion rings in the diner” (scheduled to air on General Hospital the day after Christmas!!) five years from now, she’s just as likely to be a teacher, an office admin, a receptionist or a customer service representative as she is to still be an actress.
If I did that, she might, in turn, point out that GigZig is unable to determine the future for bloggers.
Introverted? Consider Accounting and Auditing...
The economy's shift toward service industries is making it more difficult for people who prefer to work by themselves to find jobs that suit them, says Laurence Shatkin, Ph.D., who co-authored the book 200 Best Jobs for Introverts. "Chances to work alone will become more scarce," he says. "Even jobs in manufacturing are increasingly being done by teams of workers."
Nearly a quarter of the U.S. population are considered introverts, whom Shatkin describes as people who often "prefer to work alone, in the quiet, and free of distractions." He and his co-authors - the editors of the career-publishing firm JIST - based their rankings for the book on a measure of how much interaction is required for each job.
However, Lynne Goldman, a Pennsylvania-based organizational psychologist who specializes in the Myers-Briggs Type Indicator, thinks the book's selection process may have been a bit extreme. (Myers-Briggs, test that identifies certain psychological differences and preferences, is used by many businesses.) "Introverts can be extroverted very well, it just depletes their energy faster than it does for extroverts, who get charged by interacting with people and things," she says. "So introverts would prefer jobs that have a greater balance between quiet work and interaction. They are fine working on teams, as long as the extroverts give them a few moments to collect their thoughts, and contribute."
Besides accountants and auditors, the top jobs for introverts include personal financial advisors - which comes as something of a surprise, given the contact the job requires with clients; real estate appraisers and assessors; and actuaries.
Tuesday, December 18, 2007
It's About My Career, Stupid
Dona DeZube writes:
A scant 12 percent of the students said salary and benefits packages would be their primary consideration in selecting an employer. But that may be because the salaries offered students fall in a tight range.And, some bits that we didn't make it into the story itself, but are still interesting:
About 22 percent said work-life balance was their primary consideration in selecting an employer. Despite the accounting scandals of recent years, only 9 percent picked "employer's reputation" as the primary consideration in their job search.Read the full story.
Other perks popular with the surveyed students:
- An active mentoring program: 23 percent;
- Availability of flexible work schedules 32 percent;
- Support of employee volunteerism/philanthropy;
- Ability to travel/relocate internationally 17 percent and
- Generous benefit package 24 percent.
Branch to Lead Deloitte's Atlanta Practice
A 30-year veteran of Deloitte, Branch was the regional managing director for Deloitte Consulting in the Southeast region and managing director of Deloitte Consulting's Atlanta office.
Since joining the firm in Atlanta in 1978, Branch worked with clients in the telecommunications and utility industries, and helped create the firm's telecommunications and media practice. In 1998 he became the European practice director for Deloitte Consulting's telecommunications and media practice. By 2000, he was the its s global practice director. He returned to the U.S. in 2004 to take up his posts in Atlanta.
He received his undergraduate degree from the University of North Carolina, and his MBA from UNC's Keenan-Flagler Business School. He's involved with several community organizations in Atlanta, including the Woodruff Arts Center and the High Museum of Art. He's also a Teaching Fellow on strategy, economy and public policy matters at the London Business School.
Ramey Heads PKF Texas Internal Audit Group
Monday, December 17, 2007
New Requirements Move Forward in Pa.
Senate Unanimously Approves PICPA’s CPA Law Bill [PICPA]
(And if you really want to read the bill, click here.)
Friday, December 14, 2007
Job Detective
A release from career book publishers JIST suggests you think of yourself as a job detective and search out clues about exactly what a company needs.
Investigate everything, says Jim Bright, Ph.D. and Joanne Earl, Ph.D., psychologists and authors of Amazing Resumes. "Learn more about companies that interest you. Gather annual reports, company brochures, trade magazines and industry directories. Use this information to develop a strategy for approaching the employer and to be well-equipped when entering the company’s hiring system," the release suggests (read the whole thing here.) Once you've got that information, you use it to form the answer to the single most important question in job searching: What's in it for Them - or as JIST refers to it: WIIFT? A great interview is one where you can discuss the ways you're going to solve a company's challenges.
JIST has published many great career books - Resume Magic, Cover Letter Magic, The Quick Resume & Cover Letter Book - but my personal favorite title in the JIST line is Jist's Putting the Bars Behind You: Instructor's Resource Manual.
Needed: Job Detective [JIST]
Thursday, December 13, 2007
How Promoting Women Pays Off
That's too bad, because having more diversity in the management and executive ranks seems to have a positive impact on company performance, he says.
His conclusion:New research from strategy consulting firm McKinsey has found a direct link between company results and women at the top, and has unearthed evidence of better than average financial performance by European companies with the highest proportion of women in influential leadership roles.
Across the pond, US research body Catalyst has found that Fortune 500 companies with the highest proportion of female directors are more profitable and efficient than those with the lowest.
Moving forward: women on top [Accountancy Age]Accountancy firms may have done much to promote the ethos of diversity and equal opportunities. However, if this is not translated into more female partners, the annual haemorrhage of newly qualified accountants to other sectors is likely to increase.
Those firms that provide the support and opportunity for women to effectively climb the partnership ladder will be the ones that will ultimately win the war for talent.
Two Words, Ben. Just Two Words: "Hedge Funds."
Read the full story.
Wednesday, December 12, 2007
Another Wrinkle for Smaller Companies
John Fodera, a partner at New York-based accounting firm Eisner, seems unmoved by that last argument. He told Financial Week:
that Section 404 is pushing public companies to place the proper level of resources - manpower in this case - into their accounting departments to deal with such issues as transparency and tax compliance. “Over the years,” he argued, “accounting departments have been a bit leaner than they have needed to be.”But Christian Dufresne, CFO and treasurer of Spire Corp., a $20 million electronics maker, notes that finding candidates who understand auditing and can set up proper controls is a challenge unto itself:
“It’s hard enough to find one guy, and I have to have a couple,” Mr. Dufresne lamented. “Adding two or three people is a drag on cash flow, and it makes your business less profitable.”Like other companies, Spire has centralized its business operations as it prepares to operate under SOX 404, which among other things requires company executives to certify the internal controls in place to ensure their financial reporting is accurate.
That centralization can't be helping CFOs in their quest to find accountants to join their companies. It's removing some of the flexibility they might have had when they could post professionals at different locations. It's not a huge deal, but it's one of those details that makes a tough challenge tougher.
SarbOx writ small: Newbies struggle [Financial Week]
Tuesday, December 11, 2007
Staying Afloat While Switching Careers
New York Times columnist Marci Alboher relays some helpful tips this week, through a Q&A interview with financial adviser and writer Jean Chatzky. Her advice is equally applicable to individuals aiming to launch their own business, or those planning a career shift.
In a nutshell, Chatzky recommends practicing frugal living long before leaving your current job (so the shock to your lifestyle won't be so great when you do), making a habit of saving, and keeping some form of health coverage to escape pauperization in case you're hospitalized while out of work. There are also tips about where and how to seek credit for a new venture.
Finding the Money to Move Out and Up [New York Times]
Grant Thornton Acquires Pa. Consulting Group
Gebert said the skill sets of the GR Consulting professionals will fit nicely with Grant Thornton's focus on clients with between $100 million and $2 billion in revenue, as well as add deeper representation of industries such as health care and financial services. He said the GR Consulting professionals have particularly deep skills in areas such as governance and risk management, internal audit, operations improvement and information technology.As for Goldenberg Rosenthal itself, Managing Partner Jay Weinstein said because GR Consulting operated independently and with a different client base, its departure should have no impact on its former parent.
Grant Thornton buys Goldenberg Rosenthal's consulting group [Phila. Business Journal]
Big Four Diversity Programs: A Wrap-Up
Read the full story.
Monday, December 10, 2007
Reality Check, Anyone?
So imagine our surprise when our poll asking "How much career risk are you comfortable with?” got these results:
- I would change jobs without looking back - 39%
- If I see a good job, I go for it - 43%
- I am often looking for another job - 11%
- I look at job ads, but am afraid of getting caught - 8%
Friday, December 07, 2007
Healthy Salary Outlook in California
The recruiter predicts controller, senior finance analysts and account managers will be among the hottest jobs in Los Angeles, San Diego, Sacramento, San Jose and Orange County. A controller can expect to earn 4 - 5 percent more next year than in 2007. "There has been an accounting shortage for these positions," says Brett Good, Half's district president for California and Arizona. "That remains a pressure point for skills sets in the marketplace."
The crisis in the sub-prime mortgage market may further boost demand both in California - and beyond - as governmental agencies consider regulations to prevent a re-occurrence. Good sees similarities to the aftermath of corporate scandals of five or six years ago that led to passage of the Sarbanes-Oxley Act in 2001. "There are rumblings from a regulatory standpoint," he says.
As such, skilled controllers - who have initial oversight over auditing and similar functions - may play a particularly important role in upcoming months.
Focusing on 'Special Needs' Families
Take Pasadena-based Regina Levy, who's made a business out of helping families with special needs children understand how they can secure treatment and what they can write off. In some cases, that's helped them save tens of thousands of dollars.
Read the full story.
Thursday, December 06, 2007
Scholarships in Virginia
Finance Staffers Glum, But CFOs Plan Hiring
Read the full story.
NABA Names Executive Director
He comes from Grant Thornton International, where he's been director of quality control since 2006. He's also worked at the AICPA as, among other things, manager of minority initiatives and director of CPA Examination Strategy.
National Association of Black Accountants, Inc. Names New Executive Director [NABA - PDF]
Wednesday, December 05, 2007
Positioning Your Online Self
Job hunting these days is all about being found online and creating a digital profile for employers to find you. Most companies are now researching candidates before and after the interview so it's in your best interest to give them something positive to read. With millions of you now on Facebook, its a good idea to refine your digital trial.He gets into the importance of participating in appropriate interest groups and using add-ons that can help in your search. And, of course, there's the importance of good networking - which in the online world means having the right "friends."
Facebook, it turns out, has a bunch of networks that show up when you search on "accounting" or "CPAs," though I haven't gone through all of them. On LinkedIn, which doesn't have networks beyond your own, plenty of accountants are around if you search on those keywords. MySpace says it has 622 members of its accounting network.
Of course, you should bear in mind people you might want to work for may well look at your online profile. Proceed accordingly.
Tips to job hunt with Facebook [Secrets of the Job Hunt]
N.Y. Area Litigation Experts in Demand
Considering the increasing regulation and financial responsibilities corporations and accounting firms face, it isn't any wonder having legal expertise can pay off for CPAs. Between the number of banks, investment companies and CPA firms in the New York and New Jersey region, the growing litigiousness of business, and the shakeups underway in the financial industry, the area's litigation specialists are under considerable demand.
Read the full story.
Tuesday, December 04, 2007
Which Way Does YOUR Head Tilt?
Gesture your way up the corporate ladder [Boston Globe]Reiman said some of the worst body language flaws in the corporate arena are easily fixed: Getting into others' personal space, slumping onto a chair instead of sitting up straight, not enough or too much eye contact, looking angry, adjusting clothes during the interview, or, perhaps, a woman adjusting her panty hose.
And what about that head tilt?
"If you are going for a job in accounting, law, medicine, or another field bound by a strict code of ethics, tilt your head to the right," she said. "Trying to become America's Next Top Model? Tilt to the left."
Lingerie After Accounting
Scots Girls Who Are Queens Of The Undieworld [Daily Record]Clare, 29, and Fiona, 32, were having an after-work drink which led to a discussion about their dreams. They then hatched a plan to leave their jobs and created Boudiche.
Clare said: "We worked together as finance managers and one day after work, while having a drink, we joked about what we'd be doing in five years.
"We both said we'd like to have our own business and we had the same dream of running a lingerie boutique. It seemed like fate."
The next day the pair met to draw up a business plan and after winning financial help, they opened the doors of Boudiche 10 months later.
Matchmaker, Matchmaker, Get Me a Job
Read the full story.
Monday, December 03, 2007
Retention and You
Yes, I know telemarketing and recruiting don't have tons to do with accounting (though LaSalle does have an accounting and finance practice). But I do think this discussion has more to do with human nature than any one professional field. The biggest takeaway is something I've heard about a lot: People are more inclined to stick around when they feel like they're an integral part of the company. To a lot of people, that kind of vibe is more important than money.
It also puts people in a good bargaining position if want something to change, but aren't sure switching jobs is going to address their feelings. I've felt that way, liking where I work but bothered by some dynamic or another. I've found managers - at least good ones - tend to be open to conversations about changing the way I work, or modifying my responsibilities, especially when I steer the talk along the path of improving performance and satisfaction. When you're not asking for more money, it's easier to position the discussion as being between two professionals seeking a better way to reach their mutual goals.
So, read this. There's some good ideas in here.
Readers, Experts Talk About Employee Retention [WSJ - $]
Is this Job Offer for Real?
- Fake job offers often contain poorly written text, unrealistic salaries, and almost always ask you to respond to a free, public email account like Yahoo, Gmail, AOL, or Hotmail.
- Fake job offers often ask for unnecessary personal data like contact information, social security number, phone number, passwords, bank accounts, etc.
- Fake job offers often contain attached files, some of which can be dangerous to open.
- Fake job offers often "spoof" or pretend they are coming from Web sites like JobsintheMoney or other job boards when in fact they are not. When employers contact you, the reply-to address will never be from JobsintheMoney or a free e-mail account, but rather directly from that employer's own work e-mail account.
Friday, November 30, 2007
What's Your Responsibility Quotient?
If you’ve never run across a similar scenario, give it time. It’s the nature of life that if you’re a public accountant vehemently against abortion, your firm will land the audit work for the National Abortion Rights Action League and give the assignment to your team. When that happens, will you suck it up and do the audit, or beg off the assignment?
Do you consider corporate social responsibility when you job hunt? Check a company’s carbon footprint or charitable donations? Is it enough to know that your employer would give you two weeks off every spring so you can travel with your church to support an orphanage in Kenya, or do you actively look for a company that provides relief to African orphans?
Two recent surveys got me thinking about all this: The first, from KPMG, asked college students what their primary consideration was in choosing an employer and 57.4 percent said career opportunities. A scant 9 percent rated employer’s reputation as their top consideration.
The second survey, from Robert Half Management Resources, asked chief financial officers to rank the importance of corporate social responsibility programs. About 30 percent said they were “very important,” 25 percent said they were “not at all important,” and the rest were somewhere in the middle.
Can we conclude that most companies don’t care much about charity or volunteerism and that applicants don’t really care, as long as the job they’re offered has solid growth potential?
I suspect that for most of us, finding a socially responsible employer, or the decision to stay with an employer that moves in a direction we don’t like, is similar to choosing between a hybrid and a regular car. If the price is right, we’ll go with the hybrid, but if the price difference is large enough, fiscal consideration will outweigh good intentions every time.
Just who would you work for? It’s easy to say you’d hit the Add sender to blocked senders list if the Devil emailed after seeing your resume at JobsintheMoney, but it’s not always that obvious - or that easy.
Ethics Trouble Ahead
During the past 12 months, more than half the employees surveyed said they had seen ethical misconduct of some kind. And more than two in five didn't report what they had observed as one in eight experienced some sort of retaliation.Those aren't insignificant findings, and they make it more likely you'll bump up against some kind of ethical dilemma in the course of your work. Since being forewarned is being forearmed, you might want to take a look at this item by Dona DeZube about handling ethical questions when you're confronted with them.
The findings are in the Ethics Resource Center's 2007 National Business Ethics Survey. Polling a total of 3452 employees in the business, government and non-profit sectors, the survey found that 23 per cent of employees observed conflicts of interest, 21 per cent witnessed abusive or intimidating behavior and 20 per cent witnessed lying.
Ethics danger signals [SOX First]
What to do With Ethical Questions [JITM]
It's Not About Balance - It's About Reality
Given the stereotype of the overworked number-cruncher, it's no surprise posts for CPAs are wanting for candidates. Even without the pressured working conditions, other, often more lucrative opportunities are luring accountants away from the CPA fold. According to the 2007 CPA Examination Summit white paper from the National Association of Black Accountants, the wider financial world is drawing more young people of all backgrounds out of accounting. Better salary offers play a part, as does the perception getting the MBA is easier than earning CPA licensure.
Read the full story.
Thursday, November 29, 2007
Audit Opportunities Expand As Private Companies 'Go Bright'
Initially, SOX drove many public companies to "go dark" - buy up nearly all their shares in order to exempt themselves from the law's costly requirements. Now, accounting and finance experts are noting the opposite phenomenon: A significant minority of non-public companies are voluntarily choosing to comply with key provisions of SOX - a trend that could be called "going bright."
Read the full story.
Wednesday, November 28, 2007
Online Interviewing Help
Here's a press release.
'Responsibility' Reporting Poised to Widen?
Read the full story.
Tuesday, November 27, 2007
Then There's THIS Juggling Act...
OK Juggle readers, let’s hear it. How do you handle the competing demands of work, chores and children — and still make time for sex? Have you been successful in carving out time for yourselves as a couple, or is this something that has fallen by the wayside?The comments range from the resigned to the pragmatic, with some cynicism thrown in. If you work long days (tax time's coming), you may want to read about a slice of juggling home and office that is more whispered about than actually discussed.
Juggling Career, Kids and a Sex Life [WSJ - $]
About Agencies
Don't apply for jobs for which you are not qualified. I realize there are some job seekers who are down on their luck right now. But the worst thing you can do is blame somebody else. Make your own luck. Do something unique to stand out. If there is a job you want, go get it. Prove to the company that you are the RIGHT person for the job.I hate employment agencies [Secrets of the Job Hunt]
N.Y. Area Accountants Feel Wall Street's Pain
Read the full story.
Monday, November 26, 2007
On the Road Again
New student-focused web site provides info on becoming a CPA [AccountingWeb]
More Than Numbers
Whatever occupation you get into, be not afraid to re-invent yourself. For many years, the accounting profession struggled to remake itself after waking up to the fact that the world had changed and that our long-held notions of fair reporting had to keep up with the evolving business realities. One does not need to be thrust into a life-threatening situation before re-inventing himself; he only needs to be excited by the new role that he will assume. The best financial controller who worked for me was not even a CPA. He was not even an accountant by profession. He was an engineer. But he totally transformed himself into a financial controller because he saw in that role a lot of thrills and joys that many who went to accounting school could not see.Quo vadis, young CPA? [Inquirer.net]
One Part Inspiration and 9 Parts Silk Screen
Straight up, no bones about it, no way to dispute it, if they can read People WILL Read What's On Your Shirt!Damn I Need A Job
Put something about yourself on your shirt and not only will they read it they will strain to see it. They will position themselves for a better look. Stand in line at a fast food joint and at any given moment someone will be checking it out. I'm telling you people can't help it.
With a brief description of your skills and what you're looking for (a cover letter basically) on your shirt you will be getting interviewed constantly in the minds of people who read it! If they happen to know of something that might be a match it will occur to them to say something!
Wednesday, November 21, 2007
More on Video Resumes
They are simply a slower and more inconvenient way of screening candidates - and unless you're talented on camera (which is irrelevant for 99.9999% of all jobs) you might damage your chances of getting the job.Video Resumes Are Not the Answer [Blue Sky Resumes]
Getting Credit When Credit is Due
Read the Full Story.
Tuesday, November 20, 2007
How Clothes Make the Accountant
You think this stuff doesn't matter? Read the story here.
Monday, November 19, 2007
It Just Looks Like I'm Late...
This article in The Wall Street Journal looks at people who are habitually late, though it doesn't offer many tips on how to change. But the comments that go along with the story make for interesting reading.
I'm Not Really Late, I'm Just Indulging In Magical Thinking [WSJ - $]
The IRS Man Behind the Bonds Indictment
Among government officials and antidoping authorities, Mr. Novitzky is heralded as a pioneer. They credit him with helping to change how the illegal distribution of performance-enhancing drugs is prosecuted. They describe him as a tenacious and methodical investigator whose work has always held up in court.
>>A Harvest of Trash and Turmoil for an Agent Fighting Steroids [NY Times]
Friday, November 16, 2007
How to Change Careers
"No matter what field you're in, the jobs all require the same behaviors, tools and disciplines," says Ford Myers, president of Career Potential LLC in Haverford, Pa. "The key is identifying the ones that you're good at and finding where you might be able to use those same skills."This means that you should start by thinking about jobs where your accounting skills could be useful. Maybe it's managing a non-profit, for example. Or maybe you want to build on your accounting background by getting an MBA. If you like managing people, maybe general business management is the way to go. Whatever you do, to change careers to going to require the motivation to reeducate yourself, and the patience and perseverance to keep at it during the time it takes to navigate the transition.
Changing Careers for Fun and Profit [Dice]
What to do With Ethical Questions
"It's very important at the moment you're asked to do something unethical that you voice your concerns," says Kathleen Downs, division director for Robert Half International in Orlando. "You have to explain why you're uncomfortable and how you feel about it, so you can gauge whether you perhaps misunderstood what you were asked to do."
Read the full story.
Thursday, November 15, 2007
Network Your Way to the Top
Read the full story.
How Long Should Your Resume Be?
Most human resources departments are understaffed and overworked. When a company posts an opening, it's often mere hours before HR is inundated with resumes. Most get a cursory pass, lasting between 10 to 30 seconds. Yet, it's at this stage that a resume deemed too long or too crowded will almost certainly be rejected.
So, what's the appropriate length? Does your resume have to fit onto one page? Are two pages acceptable? What if you're an executive with 25 years of relevant experience? Can you use three pages then?
When considering these questions, remember this: The goal of a resume is to help you get an interview. While there are always exceptions, the majority of candidates applying to a company cold should adhere to the general tenets that define effective resumes. These are the guidelines most HR staffers are familiar with, and while few hard and fast rules govern the world of resume writing, following this general advice can improve your chances of creating a great resume.
Read the full story.
Wednesday, November 14, 2007
Why We'll Always Need Tax Accountants
If you never considered the amount of state tax revenue big retailers are on the hook for, consider the lengths to which they'll go to, er, mitigate them.
It's a hugely complex issue, with the resolution often involving discussions between corporate and state tax departments, attorneys and specialists on the ground. You don't see many articles about it in the general business press.
Why Wal-Mart Set Up Shop in Italy [WSJ - $]
Pausing on Video Resumes
Still, video resumes are kind of like the moles in whack-a-mole. The idea keeps coming up, usually in some kind of magazine feature article. (Or, of course, there's this.)
Anyway, it seems the "career video" CareerTV is getting out of video resumes. According to the recruiting site Cheezhead.com, the company said there's not enough interest from employers.
careertv to abandon video resumes [Cheezhead]
Tuesday, November 13, 2007
Blurred Lines
One of the most shocking turns in today’s workplace is that it used to be that young people went to the Peace Corps to grow. Now people go to big accounting firms because they are leading the way in retaining young workers, by infusing work with meaning. You get a mentor, you get rotating responsibilities, and you get opportunities to volunteer, on company time. A study by Deloitte found that volunteer opportunities attract a stronger candidate pool in the business sector. And Ernst & Young rewards high performers with a Social Responsibility Fellowship.She was writing about how the desire of more people to have their jobs mean something is impacting the workplace - making non-profits more business-like, and businesses more socially conscious.
Not long ago, Dona DeZube wrote a piece for us on transitioning into the non-profit world. You can read it here.
Lines blur between non-profit and for-profit workplaces [PenelopeTrunk.com]
Move to a Non-Profit with Open Eyes [JobsintheMoney]
Successful Job Hunts Begin with a Plan
Read the full story.
Monday, November 12, 2007
Gonna Party Like a Slowdown's Comin' On
Would You Ask for a Raise?
- Yes - 55 percent
- No reason to - 10 percent
- Not in this economy! - 12 percent
- Not sure - 23 percent
Friday, November 09, 2007
Another Way Patience Pays Off
Here's our full story.
The Drama Continues
Investment banking is still very popular with students and companies, but accounting, one of the most in-demand fields, doesn't have a glamorous image. "We can't get enough students to major in it," (Maria Stein, director of career services at Northeastern University in Boston) said. "It's a great career with a lot of opportunities. It's much more dynamic than students think."Jobs await prospective accountants, engineers [Boston Globe]
In accounting, "Good quality candidates are very hard to find. Companies definitely want talented people," said Bill Driscoll, New England district president for the staffing firm Robert Half International.
Salaries and demand are rising in accounting and finance, Driscoll said. The 2002 Sarbanes-Oxley legislation mandating greater financial accountability from public companies continues to drive demand for accountants.
Thursday, November 08, 2007
More on Social Networks
See, there used to be dis thing called COMPuserve, and you could CHAT vith people, and send pictoores, and rant about politics in dere forums, and people spent HOURS on dis thing, usually late at night… Vhere's my inhaler…?
Sorry. Sometimes when I talk about things like CompuServe, my niece and nephew look at me the way I used to look at my grandfather.
Anyway, by coincidence I posted a story on our sister site Dice yesterday about using social networks as part of career management. Dice is a site for technical folks, so that's what the focus is on, but I think much of the article could apply to accountants and finance folks. If nothing else, it gives you a good idea of what sites are focused on business use (that would be LinkedIn), and what sites aren't really doing much of anything (which would be Friendster.) Don wrote:
There are fewer people on LinkedIn than other social networks, but they're the right people. This well-crafted site is designed solely to help you make professional connections. It's so serious that until recently you couldn't even post a photo of yourself. Submit your resume and skills, state your intentions (looking to hire, looking to be hired, looking for freelance work, etc.), import your address book to find colleagues who are already there - and start making connections.Social networks basically repackage standard online tools in ways that help people connect. They give people a place to show off their knowledge to like-minded people - which can also be done by commenting on blogs, participating in forums, or creating a personal Web site that acts as an online resume. How valuable these strategies are varies by the industry you work in and, I think, by how comfortable you are in using them. What the networks give you is an environment where people want to connect.
Does it work? Some say it does. Janet Ryan, chief of advertising at TeeBeeDee.com, another social networking site, says she landed her job when the company's founder searched LinkedIn for a specialist to set up revenue operations just before the product launched. "By checking our mutual connections she was able to do a full reference check before we ever met, and I did the same on my end as well," Ryan recalls. "When we met in person it was like talking with an old friend, and we started working together immediately."
LinkedIn's search tools help find people like you, people who might need you, people you might need, and people who share your skills. The site also has a useful Q&A feature that lets you make your presence known by asking contacts specific career-related questions (and answering them, too). All this is free, and it's worth an hour of your time to get familiar with its look and feel.
Make a Social Network Work For You [Dice]
Success with Telephone Interviews
Wednesday, November 07, 2007
How to Leapfrog the Pay Scale
Read the full story here.
What Goes On Behind The Mirror
A couple of things struck me: First, there's a big difference in attitudes among age groups about their careers. It seems the older people get, the more inclined they are to wait for an internal promotion rather than actively look for a new job. Younger people - meaning those below 35 - viewed switching jobs as what you do when the time comes for a new challenge or more money. And those who are in their mid twenties have a healthy sense that their job better stay interesting, or they're going to start looking.
Everyone understands the importance of connections, it seemed. In other words, they get the value of networking, even if they call it something else. People talk about "staying in touch" more than "networking," and few of these folks belonged to formal business or professional groups. They send e-mails instead. And, even among younger people, sites like Facebook or MySpace were all about fun. No one expressed much interest in using them to find a new job.
These are the highlights, and I'm still sifting through my notes. There's more to come. But if you have any thoughts about how you manage your career or look for a job - and how we can help you - please post a comment or send me an e-mail. Thanks.
Tuesday, November 06, 2007
About Balance
And I don't much like the focus the Big 4 have these days on work-life-family balance and diversity. Not because I am against work, life or family or diversity, but because I think the job is one you choose and the rest is something that you implicitly agree to adjust in order to fit in and do the job well. If I wanted to be off during the summer, I would have been a teacher. If I wanted my team to not miss me when I'm out and clients to be able to live without me when I'm away, I would have become an assembly line worker, able to turn off my job when the whistle blows. If I wanted everyone I work with to know about, respect and celebrate my personal, sexual, and lifestyle choices I would have become a nun.That alone will get some people hopping. But before you hop, read the whole post here.
Soy Conservative [Re: The Auditors]
Advisory Services Staff Up With CPAs
Read the full story.
Friday, November 02, 2007
Career Planning 101
Scot's point is that there are many things in your work you can't control: your manager, the job market, your company's performance - and I'd add even more things, like the economy, the demand for your skills (which might high right now, but...) and the joys and pressures of life in general. So, it's important to pay attention to doing the best you can with the aspects that are under your control.Career planning is really about a simple formula, given to me by one of my previous managers:
Performance + Skills = Opportunity
Performance means that no matter what the job, performance counts. This is consistent across many good managers that I’ve had the privilege of working for in my career. Performance, to potential managers of your skills, means that you will go into a position and be successful, regardless of the position.
Skills means that you have the necessary prerequisites to be able to perform in the position.
If you have skills and no performance, you are a person with potential. If you have performance, but not the right skills for a new position, you won’t be given the opportunity.
In short, a person can only control their performance on the job and the skills they acquire.
Career Planning: Dynamic Duo Drives Opportunities [Cube Rules]
Reality Check
I know that there are a lot of stay-at-home dads. But while it may seem like there are a lot who are happy, I think it’s really just that every single one of the happy ones is blogging.Flexwork, alternative work arrangements and what have you are such huge topics of discussion nowadays. But sometimes, there are unintended consequences.
My own marriage and the myth of the stay-at-home dad [Penelope Trunk]
Thursday, November 01, 2007
Accounting Workers' Confidence Slides
Here's the full story.
Policies Meet Reality
In a survey conducted by CFO Europe Research Services and the Association of Chartered Certified Accountants, 90 percent of companies reported having a written ethics policy.
Writes WebCPA:
The survey also found that the top-performing companies were likely to report they had an excellent ethical climate. However, when the survey asked about whether companies and their boards had practices and procedures in place to monitor whether they were adhering to their code of ethics and processes to provide such assurances, the results were disappointing.Ethics Policies Often Not Monitored [WebCPA]
Strategic responsibility for ethics resides a step above the CFO, with the chairman or CEO, but CFOs are more likely to be the day-to-day guardians. Moxey believes that CFOs should help fulfill this role. "I think it's something that CFOs should be very actively involved in," he said. "CFOs are the natural keepers of the corporate conscience. They are the natural people to be spearheading a company's approach to whether it's living up to its values or complying with its rules."
Wednesday, October 31, 2007
Being an Apologist Has Its Rewards
The Zogby International survey of 7,590 Americans found a strong positive association between income and willingness to apologize in a variety of situations.
People earning over $100,000 a year are almost twice as likely to apologize after an argument or mistake as those earning $25,000 or less,
Fortune magazine said in outlining the survey findings. When subjects were asked if they'd apologize when they were fully, partly or not at all at fault, in each case "a person's willingness to apologize was an almost perfect predictor of their place on the income ladder."
For instance, the proportion saying they usually apologize when completely at fault declined monotonically across five income groups, going from 92 percent of those making above $100,000 to 52 percent of those earning under $25,000. "Even when they believe themselves to be completely blameless, 22% of the highest earners say 'I'm sorry,' compared to just 13% of those in the lowest income group," Fortune says.
The article floats several possible explanations: successful people have stronger people skills, are more willing to learn from their mistakes, are more disposed to take risks without getting permission first, and are more secure and less likely to get defensive when something goes wrong.
So, although "groveling" is not the route to success, Fortune senior writer and workplace expert Anne Fischer concludes that:
taking the high road - acknowledging one's share of blame, or even accepting some blame when it isn't justified - is a trait shared by many great leaders, because it tends to build solidarity with the troops.Want a higher paycheck? Say you're sorry [Fortune]
Calif. CPAs Meld Tech, Accounting Skills
Read more here.
Tuesday, October 30, 2007
Keeping Track
Today I'm working on a resume for a client who is having a hard time recalling details of her prior projects.Even if you're not planning on moving, this is an important habit to get into. Louise is right that none of us have jobs for life. You may well plan on staying in your current job for years, but you never know when something unforeseen will change things. That "something" could be a colleague who got the promotion you expected, an economic downturn, a merger, twins you didn't plan to have or just a decision you don't want to work in an office all day anymore.
She's not sure of the results of her efforts and sometimes she can't remember why a project was even started. I'm concerned that her resume won't reflect her true abilities, which got me thinking ...
Do you keep a record of what you do at work? Do you track your impact, make notes when your boss compliments you, or jot down details of projects you're working on? If not, you should!
None of us has a job for life anymore --- when you come to write your next resume, think how much easier it will be if you can refer to a written record.
Some people keep notes in their calendar - whether it's on their PC or in a book. Others keep a brief diary, while still others keep all of their project files in one place. However you do it, keep track of all the things you achieve.
Write It Down! [Blue Sky Resumes Blog]
PwC - And Big Four - Under Overtime Microscope?
PricewaterhouseCoopers - Class Action Law Suit Looms [Big Four Blog
Monday, October 29, 2007
Foxes in the Henhouse
"My friend got a call from her friend at Facebook, asking why she kept looking at his profile," says a privacy-conscious source at a major tech company. Turns out Facebook employees can (and do) check out anyone's profile. Not only that, but they also see which profiles a user has viewed -- a major privacy violation. If you've been obsessed with a workmate or classmate, Facebook employees know. If Barack Obama's intern has been using the campaign account to troll for hotties, Facebook employees know. Within the company, it's considered a job perk, and employees check this data for fun.The bold-faced emphasis is mine.
From a pure-user standpoint, this makes me not want to use Facebook very much. Reading this item, I couldn't help but wonder whether there are any auditing implications in here - I mean, could Facebook one day have to account for who's looking at what
Facebook employees know what profiles you look at [ValleyWag]
Friday, October 26, 2007
It Seemed Like a Good idea at the Time
How to face the challenge? Dona DeZube found out.
Networking Survival
It doesn't have to be that way, she points out, and her article is all about how to fend off those people you'll invariably meet who think of networking as expanding their stable of favor-doers.
Two examples:
If You Get What You Want, Say ThanksRead it and be armed.
When you call on your network—or just one member of it—for help, and you get it, say "thank you." Countless helpful business leaders have spent countless hours poring over the résumés of countless job-seekers who've asked for a bit of guidance and gotten it—only to disappear into the fog, never thanking the advice-giver or acknowledging his or her contribution to the cause. A heartfelt thank-you e-mail works wonders. If you skip that step, you're asking for bad career karma for years on end and burning a bridge you can ill afford to set ablaze.
Don't Dis a Favor
One of my favorite disgusting-networking stories concerns a young lady who asked me for help with her HR résumé. The résumé was a mess, and it took me two hours to rewrite it, stem to stern. I sent back the revised version, and she wrote me, saying: "I had no idea you'd take my résumé apart and rewrite it. It'll take me a long time to type this up again. In the meantime, can you please send my old résumé to all your contacts?" Sure, no problem. Is it O.K. if I include a note saying: "I rewrote this person's résumé for her since, as you can see, this version reeks, but she's too busy to type it up. In the meantime, can you please hire her?" That should get a lot of interviews.
10 Tips for Networkers [BusinessWeek]
Thursday, October 25, 2007
Behind the Scenes
But because of recent advances in resume-search technology, some of the sneakier tactics applicants have developed no longer work. What's more, the new technology can reveal the use of these methods, potentially sabotaging a candidate's chances of securing interview invites.Even if you're not being sneaky, putting too much emphasis on searchable keywords can work against you:
Resumes with an overabundance of keywords are a turnoff for Jolie Downs, a partner at recruiting firm Paradigm Staffing of Santa Cruz, Calif. She recently received a resume via email from someone seeking a senior account executive position at a public-relations agency. A string of keywords was listed in plain view at the bottom. "It's unprofessional," she says. "I didn't call them."This is an article that's pretty on the back-end - meaning there's a lot about how hiring managers think and how their software works - but those aren't bad things to know when you're crafting a resume for a job you really want.
Why Sneaky Resume Tactics May No Longer Aid Job Hunters [CareerJournal]
Salaries Moving Higher, Again
Starting salaries for accounting and finance professionals are expected to increase an average of 4.3 percent in 2008, according to Robert Half International's 2008 Salary Guide. Public accountants, financial analysts and internal auditors are expected to see the largest gains.Here's our story.
Wednesday, October 24, 2007
It's All in How You Ask
To make sure you're not being snookered during the interview process, make a list of the things you do and don't want in your next job, covering area like work environment, travel, tasks, location, career advancement and money. Prioritize the list, then find a way to ask open-ended questions about the issues topping it. "They're not going to tell you the bad news, so you have to ask for those things you don't want, but in a positive way," says Carl Wellenstein, president of ExecGlobalNet in Downey, Calif. "If you made a wrong decision you really need to move on."It's an out-take (Sorry, Dona) from a story we'll be posting soon.
For example, one of the questions you want to ask is: To what extent do you want to train me in other areas outside my expertise? If you prefer to specialize in one area, an answer that involves training in several others tells you the job's not right for you.
Tuesday, October 23, 2007
Polls That Make You Go Hmmm
- Exceptionally 18%
- More than average 10%
- About average 20%
- Not diverse at all 25%
- I don't care 27%
Perspective
motivational products create unrealistic expectations, raising hopes only to dash them. That's why we created our soul-crushingly depressing Demotivators® designs, so you can skip the delusions that motivational products induce and head straight for the disappointments that follow!So, you can avail yourself of posters, coffee mugs and calendars that inspire:
Achievement: You can do anything you set your mind to when you have vision, determination, and an endless supply of expendable labor.And my personal favorite:
Apathy: If we don't take care of the customer, maybe they'll stop bugging us.
Consulting: If you're not a part of the solution, there's good money to be made in prolonging the problem.Okay, these aren't for everyone - but they're a good way to measure the sense of humor of your colleagues. Though maybe not your boss.
Despair.com
Monday, October 22, 2007
Breaths of Sanity in a Digital World
Some companies are seeking balance the use of e-mail, cell phones and other tech tools with genuine, face-to-face interaction. That's a fancy way of saying some firms want people to actually talk. In the Boston Globe, Maggie Jackson writes
…some progressive bosses are counterbalancing the diffusion of the digital age with innovative efforts to boost face-to-face and real-time connections. They're mandating no travel or no e-mail days, or making flesh-and-blood connections a new priority. The results are sometimes surprising - less stress, more learning, even better balance at home.
"We embrace chat and e-mail and collaboration tools," says Singu Srinivas, copresident of Needham's HiWired, a technology support start-up with 60 employees. "Those are additives to face-to-face relationship building, but they can't be a replacement for it."
And:
North Hampton, N.H. workplace consultant J.T. O'Donnell says she's hearing more about such innovations. Bosses are saying, if you have a problem, pick up the phone or meet. Stay away from long-winded e-mails.
"Companies are realizing that they have got to not replace all their face-to-face interactions, communications, and training with virtual to save money," says O'Donnell. "It's the loss of what we can't convey in e-mail and tech communications that's hurting us."
Pushing face time in the digital age [Boston Globe]
Friday, October 19, 2007
Sanity and Social Networking
Here in the online world, social networks are all the rage. In English, that means everyone who's anyone is telling you how sites like LinkedIn, MySpace and Facebook are the next big things that are going to change the way we communicate, live, work, find jobs, learn things, and attain enlightenment. Of course, there are those of us contrarians who think they're handy things to use but don't see them getting lots of people excited who aren't (a) programmers, (b) venture capitalists or (c) people who run social networking sites.
Cube Rules' Scot Herrick was speaking at a writers' conference about technology for writers when he was asked how many of these sites someone should sign up for and use for their work?
(Precisely, I thought when I read Scot's post about it. With everyone and their brother launching social networking sites of one kind or another, how are people supposed to figure out which ones to join, keep track of them all, and still get their work done?)
Scot's answer:
We face the same question as Cubicle Warriors, don’t we? Should I have a blog, join LinkedIn, go nuts on Facebook — or forget the whole thing?
I don’t think you can forget the whole thing; that would hurt your career management networking. But, there are some criteria you can use to decide how you spend your time. Here’s mine:
- The audience is everything. You should spend time on the social sites that drive sales to your target market. If tween-something is your thing, then MySpace is your place. For Cubicle Warriors, it more often is career management blogs and places like LinkedIn and (my personal favorite, because it is a career management tool) Jibber Jobber.
- Your time is everything. You can only spend so much time focusing on your network. Make sure you are spending your time where it is easiest and gives you the most bang for your buck. What’s the easiest way to stay in contact with your work associates, past work associates and friends? That’s where you go.
- Know your criteria for accepting social connections with “friends.” And feel comfortable with the criteria.
My criteria for accepting connections are simple: I know you, have interacted with you, and believe that you “get it” in my definition of competence. If you do, you’re in. If you don’t, you won’t. Simple.
Perfect.
Joining Social Sites — The Criteria [Cube Rules]
Thursday, October 18, 2007
Will Meet for Food
But Lisa Belkin, in today's New York Times, points out that business meals have their limits - or at least they should:
But I write about life-work balance, and it feels a little contradictory to conduct an interview, or attend a conference, or give a speech, when everyone involved had to sacrifice sleep to attend.I have similar qualms about working dinners. After a long day of work, why follow it up with more work? True, there is good food, and probably wine, and it beats coal mining. But if you have to be there because the client and boss expect it, or if you would rather be playing “airplane flies in the hangar” with your toddler, then it is work disguised as socializing.
Don’t even get me started on weekends and holidays. I was once invited to a conference of pediatricians over Mother’s Day. Pediatricians! Cannibalizing Mother’s Day!
Good points all. Her main thought is that nowadays work has crept into times usually reserved as personal - for having breakfast with your kids, say, or unwinding with your husband or wife after a day at the office.
Belkin advises girding yourself to say no to people when they want to "pick your brain" over a meal - something I've found is easier said than done and, depending on your job or your commitment to networking - can be counterproductive. But certainly, she makes a good argument for being selective in who you go out with.
Wednesday, October 17, 2007
Guess Who's Conservative?
The Real Deal about Gen Y: They’re Inherently Conservative [Brazen Careerist]Well, for one thing, the Big 4 are acutely aware of what young people want. Deloitte has been studying generational issues for years and Cathy Benko, Global e-Business Practice Leader for Deloitte, just published a great book, Mass Career Customization, that replace the corporate ladder motif with a lattice. And workers can move laterally or up or down on the lattice depending on their personal goals and career aspirations. The Big 4 get the best candidates because these companies have been the fastest to react to the new workforce conditions that place young people in the driver’s seat .
But here’s what else is going on: Gen Y does not admit it, but their top priority is stability. This is a fundamentally conservative generation. And in the middle of this very long article in Business Week, is an important quote from Andrea Hershatter, director of the undergraduate business program at Emory University and veteran of college recruiting:
“There is a strong, strong millennial dislike of ambiguity and risk, leading them to seek a lot more direction and clarity from their employers, in terms of what the task is, what the expectations are, and job progression.”