Monday, November 19, 2007

The IRS Man Behind the Bonds Indictment

How often do you a see a long feature article on an IRS Special Agent? The New York Times had one on Sunday, profiling Jeff Novitzky, who's investigative work has led to the indictment of San Francisco slugger Barry Bonds on charges of perjury and obstruction of justice.
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

Forums

Don't forget you can ask questions, give answers, or just generally say how you feel about work in JobsintheMoney's forums. You can reach them here. Yes, you have to register but that's about keeping spammers away.

How to Change Careers

Here's another story from our sister site Dice that, although it's written for tech folks, has some good pointers for anybody who'se considering as switch out of accounting.
"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

If you stay in finance and accounting long enough, someone is going to ask you to fudge something. What should you do? First, clarify the situation, then refuse to act unethically and seek input from outside sources and people further up the chain of command.

"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

"I can find my next job all by myself" is one myth that needs to be exploded, say search experts. The old conventional wisdom, "It's not what you know, it's who you know," is alive and well. So get out of your chair, into some social and professional events, and nurture your network.

Read the full story.

How Long Should Your Resume Be?

For any resume, a key to success is length - or lack of it. It's critical to understand not only how a resume is reviewed, but what its length says about your professionalism.

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

Today's Wall Street Journal has a story illustrating why tax accountants are in such demand. For those following the world of state taxes, it probably comes as no surprise that Illinois and Wal-Mart are locked in a dispute over the retailer's strategy of shifting revenues to a subsidiary based overseas, even though the unit's purpose is to receive money from stores in the Prairie State. It also mentions the state's dispute with McDonald's over a Delaware unit that owns restaurants in the Virgin Islands, and Minnesota's challenge of Burlington Northern Santa Fe's paying interest to Delaware subsidiaries doing business in Canada.

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

Even before you get to the legal issues involved in video resumes, I've never been a big fan of them. As a professional, I don't want to have to create one. As a manager, I hate the idea of having to watch a bunch of them any time I hire someone. (The legal issues, by the way, involve discrimination. Since employers aren't allowed to ask a candidate about race, sex, etc., they don't want to have the answers about race, sex, etc., presented to them via a video.) Besides that, I don't want to see how you do in a canned, rehearsed presentation. I want to see how you react to my questions, interact with other people, and in general get a sense of how we'd get along every day.

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

Penelope Trunk observes:
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

Even today, when the demand for candidates among accounting firms is approaching mythic status, you should consider the job market a buyer’s market, where employers come first. A job search shouldn't be about your search and the job you want. Rather, it should zoom right in with solutions to challenges employers face, recognizing their needs and reflecting their priorities. Targeting your search from this angle will make you stand out as the more competitive candidate, a sophisticated resource who understands how the modern job market operates.

Read the full story.

Monday, November 12, 2007

Gonna Party Like a Slowdown's Comin' On

It's not even Thanksgiving yet and the grinch is about. Apparently, fewer companies are planning on some type of holiday celebration this year. Search firm Battalia Winston says 85 percent of the companies it surveyed plan a party this season, nine percent less than last year, and the third lowest percentage in the 19 years its been asking the question. (The low point was during a recession in 1991.) Some 70 percent - 15 percent fewer than last year will be serving alcohol. Is there a link between more subdued company parties and economic worries? Battalia Winston Chief Executive Dale Winston thinks so. "Throughout the years, we've learned that the percentage of company parties is directly linked to the health of the economy. This year more businesses are opting for afternoon affairs and less alcohol than in 2006," he said.

Would You Ask for a Raise?

Our most recent poll on JobsintheMoney asked whether you'd ask for a raise in the next six months. The results were:

  • Yes - 55 percent
  • No reason to - 10 percent
  • Not in this economy! - 12 percent
  • Not sure - 23 percent
Now, we're asking about how comfortable you are taking a risk in managing your career. See the poll and vote on JobsintheMoney.

Friday, November 09, 2007

Another Way Patience Pays Off

While accountants are used to helping clients solve difficult problems, they're often less adept at resolving issues within their own firms. Reserved by nature, they tend to shy away from conflict and let situations fester. What they may not realize is the ability to resolve disagreements can be a great tool in developing their careers.

Here's our full story.

The Drama Continues

Colleges think the need for accountants is going to continue for some time:
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."

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.
Jobs await prospective accountants, engineers [Boston Globe]

Thursday, November 08, 2007

More on Social Networks

Yesterday, I wrote a little bit social networks and finance folks tend to view them as being for fun, not business. I have to admit, their feelings confirmed a prejudice of mine, even though I'm hesitant to apply it to JobsintheMoney's users. I'm an old online guy (well, 47) and I've watched people use their computers for fun and business for a long time - since even before there was a Web.

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.

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.
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.

Make a Social Network Work For You [Dice]

Success with Telephone Interviews

Telephone interviews can be trying. There are no visual cues from the interviewer, no body language to read and, in some cases, you've got to answer questions posed by a panel of voices over conference lines or speaker phones. Here's some tips on engaging successfully - long-distance or local.

Wednesday, November 07, 2007

How to Leapfrog the Pay Scale

It's no secret that experienced accountants and finance professionals are in short supply, and that shortage of talent is pushing up CPA salaries at all levels. Getting regular annual raises in low-double-digit percentages must be a satisfying feeling. But if you make strategic use of outside offers, you may be able to boost your pay as much as 25 percent at a pop. Better yet, you may get the opportunity do so repeatedly as your career develops.

Read the full story here.

What Goes On Behind The Mirror

I spent the last two days in a dark room in mid-town Manhattan, watching people use JobsintheMoney. This was one of those see-through mirror set-ups, where a bunch of us from the product and marketing teams could observe people give the site a try. Throughout the session, they kept up a running commentary about what they liked, and what they didn't. Back in the dark room, there was a lot of sighing and note-taking.

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

Francine McKenna has a fascinating post on Re: The Auditors about the personality traits of accountants and an alternative view of work-life balance, which - as she notes - is all the rage as a discussion nowadays. I keep trying to summarize it, but I can't do it justice. She get it all rolling with this:
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

Small and mid-sized CPA firms in the New York metro area are branching out into business consulting, giving rise to a new category of professional opportunities for accountants.

Read the full story.

Friday, November 02, 2007

Career Planning 101

What's career planning? Scot Herrick at CubeRules says:

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.

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: Dynamic Duo Drives Opportunities [Cube Rules]

Reality Check

One of the things you've got to like about Penelope Trunk is her forthrightness. This post on her Web site is from July, but that doesn't make it any less valuable. It's about the struggles of stay-at-home fathers, told from the point of view of a woman who's married to one.

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

Accounting and finance workers' confidence appears to be swinging downward more steeply than among the U.S. adult population as a whole, new surveys show.

Here's the full story.

Policies Meet Reality

If you worry about ethics for all the wrong reasons - like, say, you're concerned someone might be looking over your shoulder - reality is, unfortunately, on your side. Because it seems that while companies have been diligent in creating ethics policies, few of them actually follow up to make sure it's being observed, at least in the UK.

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.

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."
Ethics Policies Often Not Monitored [WebCPA]

Wednesday, October 31, 2007

Being an Apologist Has Its Rewards

Can a penchant for saying "I'm sorry" aid your career? That's the provocative implication of a recent survey by the respected Zogby polling organization.

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

The use of technology for business is opening up new job opportunities for California CPAs. Consider the growing number of consultancies that need CPAs to help implement and support business management software. The work can be stimulating for accountants who want to try something beyond public firms or private industry.

Read more here.

Tuesday, October 30, 2007

Keeping Track

Louise Fletcher, a resume writer who blogs at Blue Sky Resumes, makes a great point about keeping track of the work you do:
Today I'm working on a resume for a client who is having a hard time recalling details of her prior projects.

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.
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.

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?

A law firm that specializes in class action law suits is looking into a class action law suit for employees - in this case associates without CPA licenses - who allegedly worked without overtime pay at PricewaterhouseCoopers. "A successful verdict in this case could potentially change the way all Big 4 Accounting Firms do business nationwide," the law firm says.

PricewaterhouseCoopers - Class Action Law Suit Looms
[Big Four Blog

Monday, October 29, 2007

Foxes in the Henhouse

Call me crazy, but I can't shake this feeling that things I do online should have a certain degree of privacy attached to them. I know that when I post a profile in LinkedIn or Facebook, people are going to look at it. That's the point. What I don't expect is for employees of Facebook to check out the search activity of users, basically at their whim:
"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

The new job sounded perfect: a great working environment, the right amount of travel and an exciting accounting challenge. But a month after you started, you realize the working environment is toxic, the travel is non-stop and your biggest challenge is figuring out what to about it.

How to face the challenge? Dona DeZube found out.

Networking Survival

What I like about this column on networking by Liz Ryan is its focus on the dark side: All those people out there who want to "network" and "get to know you" so they can ask you for something, without any real intention of returning the favor. Networking, Ryan thinks, has gotten a bad rap because as more people have taken to it, its dynamics have changed. It's less about getting to know people and more about building a list of sales leads.

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 Thanks

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.
Read it and be armed.

10 Tips for Networkers [BusinessWeek]

Thursday, October 25, 2007

Behind the Scenes

Maybe you've heard that you can make your resume rise to the top of the electronic pile by cleverly placing keywords throughout its text before sending it in. As Sarah Needleman writes in this oldie-but-goodie from CareerJournal, it's a bad idea:
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

In case you haven't heard, starting salaries in accounting should rise next year:
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

Here's a great interview tip reported by Dona DeZube:
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."

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.
It's an out-take (Sorry, Dona) from a story we'll be posting soon.

Tuesday, October 23, 2007

Polls That Make You Go Hmmm

Our last poll asked, "How diverse is your office?" And the answers were:
  • Exceptionally 18%
  • More than average 10%
  • About average 20%
  • Not diverse at all 25%
  • I don't care 27%
Looked at another way: 28 percent said "exeptionally" or "more than average," while more than half said either "not diverse at all" or "I don't care." (Not that I want to put too much of a spin in things.) But what's most interesting is the single biggest block of voters said they don't care.

Perspective

Sometimes you just need a little perspective. And when you do, I suggest you spend a moment on the site of Despair.com, a firm that believes:
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.

Apathy: If we don't take care of the customer, maybe they'll stop bugging us.
And my personal favorite:
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:

  1. 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.

  2. 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.

  3. 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

Personally, I don't mind meetings that involve food. Actually, I kind of like them. If I'm bored, I can at least comfort myself with the idea the business is paying for the food, and if I'm intrigued or engaged or both - well, it's nice to feel intrigued and engaged when I'm doing something else I like, which is eat.

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.

Oh Joy! Breakfast With the Boss [NY Times]

Wednesday, October 17, 2007

Guess Who's Conservative?

Penelope Trunk goes deep to look at Gen Y and the Big Four after hearing from BusinessWeek that the Top three places to work in the eyes of Y-ers are Deloitte, PricewaterhouseCoopers and Ernst & Young.

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.”

The Real Deal about Gen Y: They’re Inherently Conservative [Brazen Careerist]

Waiting for the Right Offer

One of our users wrote:
"I've been offered a job at one firm, but also interviewed for a position at another, a place where I'd prefer working. How do I hold off replying to the first firm until I have a sense of what's happening at my first choice?"It's possible to parlay one job offer into two, but first things first.
And our expert, Robbie Miller Kaplan, replied:
Get in touch with the first firm and thank them for the offer. Ask if you can give them your answer within a week. There's nothing wrong with making them aware you've been in discussions with someone else, and saying you'd like to extend other firms the courtesy of letting them know you've got an offer on the table.

Now it's time to contact the second firm. Make a follow up call to its hiring manager and let him or her know you're still interested in the position. Ask if they're close to making a decision. If they're not, tell them you've been offered a position with another firm, without revealing too much detail. Courteously - always courteously - point out that you have a decision to make and ask them to share where they are in the hiring process. You can say, "Your opportunity is my first choice and I'd like to have a sense of where you are so I can respond appropriately." Ask if you're the leading candidate, or one of many?

Based on their responses, you'll have a good idea of where you stand with both firms.

No matter whose position you accept, follow up in writing with both hiring managers. Always decline offers graciously. You never know if or when your paths will cross again, or whether a more enticing position may one day present itself. And get all your offers in writing, even if you have to write to confirm them yourself.
If you've got a question about your career or your job search, write me and I'll get you an answer.

Monday, October 15, 2007

Valuing Values

The blog Sox First offers a worksheet for squaring your values with your organization's. Why is this important? There are probably a lot of reasons, but Leon Gettler puts it this way:
When ethics scandals hit, it tends to be the fault of certain individuals inside the organization. More often than not, they have allowed their own personal values to infect the organization.
His worksheet's brief and worth a look.

Personal values, organizational values [Sox First]

Wednesday, October 10, 2007

Don't Let This Happen to You

Just when we thought the need to exercise care when using an employer's computer for non-work purposes was well ingrained, along comes yet another cautionary tale.

Most media attention that's gone to the now-infamous Craigslist gold digger post has focused on two entities: The initial message's still-anonymous author, a self-described "spectacular" beauty soliciting advice on how to land a husband with an income above $500,000. And, the zinging response it brought from an investment banker who labeled her proposition a bad trade because "your looks will fade and my money will likely continue into perpetuity."

But the value we see in this exchange lies in the experience of the third party: a JPMorgan banker who carelessly allowed his name and corporate signature to appear on the message when he forwarded it to friends. Eventually, the banker's email – complete with his identifying information -- found its way to Dealbreaker and a host of other finance blogs widely read by his industry peers.

To make matters worse, many of the downstream sites named the JPMorgan banker as the author of the unabashedly sexist, if well-deserved, riposte to the gold digger's plea. A JPMorgan Chase spokesman told the New York Times that the man worked there but was not the author: "He had forwarded the e-mail message to friends, and the signature setting on his e-mail accompanied the response when it wound up on blogs."

There is no indication that the banker has been summarily fired – as was a Bear Stearns analyst in April, just hours after a profile of him appeared in the New York Post (sans last name or employer, but bearing his real photo and real first name). Still, our guess is the JPM banker's career won't be helped by his newfound fame.

The lesson, as summarized by the Times:

“Your workplace computer does not exist as a tool for forwarding jokey things,” said Will Schwalbe, an author of “Send: The Essential Guide to E-Mail for Office and Home.”

We concur. But if you simply can't wait until you get home (or if you're a banker and never get home), then at least do the forwarding from your hotmail or other Web-based email account. That way, your employer's name, your corporate email address and your corporate signature won't be attached to it.

Acquisitive Craigslist Post Reddens Faces All Around [NYT]

Tuesday, October 09, 2007

Other Numbers

Tighter short-term credit isn't affecting hiring plans of small-business owners, who continue to view tight labor markets as their principal challenge, the National Federation of Independent Business found in its latest monthly survey.

That bodes well for the overall U.S. economy, which has been adding jobs at a relatively anemic pace in recent months. The entrepreneurs surveyed by NFIB were more optimistic than a sample of 580 CFOs of mostly mid-size organizations polled in a quarterly survey by Duke University and CFO magazine, released in September.

On the one hand, 9 percent of owners in the NFIB survey said loans are harder to get and none said they are easier – the most negative reading on credit conditions since 1993. Yet a mere 3 percent of those surveyed cited the cost and availability of credit as their single biggest business problem; just 5 percent reported problems obtaining desired financing, compared with 37 percent who reported all their credit needs are being met.

As for employment, the latest survey highlights continuing labor shortages, notwithstanding slightly weaker seasonally adjusted survey numbers in September while the national jobless rate ticked up to 4.7 percent. Says the NFIB:

Seventeen percent of the owners reported that the availability of qualified labor was their top business problem, up four points from June and July….They would like to hire, but the job market is not cooperating. One in four owners reported unfilled job openings and the net percent planning to increase employment in the coming months is among the best readings in the history of the NFIB survey. The problem remains finding qualified works, cited by 17 percent as their most important business challenge. Fifty-seven percent of the owners hired or tried to hire new workers, but 84 percent reported few or no qualified applicants.

Small-Business Economic Trends - October 2007 [NFIB]

Friday, October 05, 2007

Numbers

Accounting and finance workers aren't as confident about the employment market lately. The group's Hudson Employment Index slipped 1.2 points - to 111.9 - in September, which is still 5.7 points higher than it was last September. And, the number of workers who were worried about losing their job in September hit a record low for this sector, coming in at 11 percent. This was six points lower than August.

The index for accounting and finance workers also showed:
  • There was a five-point drop to 31 percent in the number of workers who expected their company to add headcount in the coming months.
  • Fewer workers were happy with their job in September (74 percent) than in August (75 percent).
  • More workers rated their finances as “excellent” or “good” in September (58 percent) than in August (55 percent).
  • While fewer workers said that their finances were getting worse (33 percent in September compared to 34 percent in August), there was a two-point dip to 46 percent in the number of workers who said their finances were getting better.

Firms Venture into New Territories

Last month, California-based Armanino McKenna LLP ventured into new territory, launching what could be the accounting industry's first media consulting practice, Armanino McKenna Foster. The move is just one illustration of how some firms are expanding their non-accounting services.

James Rubin's article showcases a fascinating new trend among some firms. Read it here.

Thursday, October 04, 2007

Speak Your Mind

Don't forget the forums available on our new JobsintheMoney. We've just launched them, so it's a chance for you to begin asking the questions and making the comments that'll get others talking. (Does that sound impressive enough?) You can reach them here. Yes, you have to register but that's about keeping spammers away.

Semi-Annual Video Resume Post

Back in January,

When Mona Lattouf's initial job-hunting efforts didn't pay off, the recent college grad got creative.

Using a digital camera, the Orange County, Calif., resident created a two-minute "video resume" that included highlights from her paper resume and answers to common interview questions.

"It was weird to figure out what to say," says Ms. Lattouf, 25 years old. But ultimately, "I let my personality show through."

Within two to three weeks of sending hiring managers a link to her video, she received several calls back. "It was truly painless," says Ms. Lattouf, who landed a job as a junior accountant in October.

Despite this, I'm still not sold on video resumes as effective differentiators. I don't hear many firms clamoring for them - Perhaps more telling, is no one I talk to ever even brings them up. So, proceed cautiously if you're thinking of producing one. Or at least don't let it get your hopes up.

Video Resumes Are Taking Off [CareerJournal]

Wednesday, October 03, 2007

Hate Selling? Me, Too. But...

Are you Introverted? Would you rather focus on your spreadsheets or a QuickBooks problem than go out and chat people up at your next chamber of commerce breakfast or state association meeting? Bad news: if you really want to flourish, you may have to get out more.

Over on CNet, Steve Tobak writes:

I don't care if you're an IT professional, a musician, a consultant, a CEO, a recruiter, an engineer, a doctor, an accountant, or a professional athlete. You're also a salesperson. That's right, we're all in sales. You, me, your boss, your lawyer, your spouse, your kids; everyone's in sales.


You see, from time to time, each of us is called upon to sell something. It could be a product, a service, a plan, an idea, a creation, a story to a judge or jury, or even oneself (presumably for a job, not into slavery). And more often than not, it's actually very important that we succeed. I don't know why; that's just the way it is.


It's hard for me to imagine anyone being successful in life without having the ability to sell when necessary. And yet, we think of it as something unsavory or even unethical. Not only does the idea fill some people with disgust, fear or self-loathing, but to make matters worse, most people aren't even good at it.


Well, let me dispel a myth. Selling isn't a bad thing. It's got a bad rep, but that's because it's misunderstood. The purest capitalist relationship is between a seller and a buyer of goods or services. So, for every capitalist act, there's a seller involved. Selling is a noble thing. And not only can you do it, but you can learn how to do it well and with dignity.

Since I'll plead guilty to thinking of selling as being less-than-graceful - at least when I do it - I devoured this piece. The ten tips he provides are logical, approachable - and not frightening at all.

Learn how to sell--it's for your own good [CNet]


Thinking of Non-Profit Work?

Dona DeZube writes:
If you day dream about using your skills to sway the electorate, shelter the homeless or spread your religion, a move into the non-profit sector may brighten your workday. It'll also lighten your wallet.
Read her full story.

Tuesday, October 02, 2007

Networking at Church

A good article this morning in The Wall Street Journal about networking for a job at your house of worship. It makes sense that people who are regular worshipers would talk about their job search with others at their church (or synagogue, or mosque) because, if you're a regular attendee, you get to know people there pretty well. Does such a connection go with you into the interview?

While many job seekers may rely on prayer for support and success, career experts warn against discussing faith when meeting with hiring managers or executive recruiters. "You don't want to turn it into a religious conversation," says Kevin Zwetsch, a partner with the law firm Fowler White Boggs Banker in Tampa, Fla. "You're veering off the path of what you're there for."

An exception might be if your involvement in religion can promote your candidacy, adds Mr. Zwetsch. For example, if you mention that you are a deacon at a church during a job interview, "that demonstrates leadership and community involvement," he says.

But he warns that "if you go any further, employers will get skittish," because recruiters are prohibited by law from asking candidates questions about their religious beliefs unless they pertain to the job at hand. "[Religion] is one of those taboo topics," he says.

How Faith-Based Networking Can Aid Job Searches [WSJ - $]

Women and the Glass Ceiling

Do women linger below the glass ceiling because of their own lack of ambition and self-promotion? That seems to be the feeling of many employment lawyers and consultants in Europe. Our sister site eFinancialCareers summarized a story from Financial News on the topic.

This is a pretty Euro-centric story - it doesn't quote any American sources - but I run it because I hear people closer to home express very similar opinions. What the story doesn't address very well is how ingrained attitudes toward women can be at the highest levels of business - still.

Women Don't Pressure Glass Ceiling, Some Say [eFinancialCareers]

Friday, September 28, 2007

A Downside of Career Networking Sites

Employers are increasingly turning to the Internet not only to research job applicants, but to reach out to an applicant's past colleagues and other business associates.

From a job-seeker's standpoint, professional networking sites like LinkedIn and Jobster are a two-edged sword, The Wall Street Journal says. The downside is that it has become fairly easy for a prospective employer to contact "job references you can't control." On the plus side, Web-savvy candidates may benefit by taking steps to populate their online networks with people who can be trusted to say good things about them.

If your online profile is clean and you are connected to people through social networks who would say favorable things about your abilities, it may help you land the job,

the newspaper says, citing Jason Goldberg, Jobster's chief executive. Goldberg describes the networks' impact on candidates as "kind of a caution and an empowerment."

Contacts gleaned from both professional networking sites and social networking sites like Facebook and MySpace let recruiters and hiring managers go beyond the traditional practice of speaking only with references supplied by the candidate. The story goes on to warn:
Such reference checking exposes job seekers to certain risks. Many site users routinely connect online to people they have only a glancing relationship with -- say, someone who simply works at the same company -- and there is no guarantee that the references will be favorable.
For example, the article quotes a headhunter saying he ruled out a candidate for sales director of a large company, after contacts he found on LinkedIn and MySpace told him the individual "was tough to work with and get along with."

But the Journal also cites a business development manager whose LinkedIn profile and associated network helped him land a job earlier this year. And LinkedIn Corp. itself quietly did 23 reference checks on Dan Nye before hiring him as its own chief executive in February.

Job References You Can't Control [WSJ]

Zen and the Art of Hearing Criticism

I have to admit that when I came across the blog Zen Habits (thanks to Lifehacker), I thought Oh, touchy feely advice from people that go ohmm…. Completely unfair, I know, especially because there's much to zen that intrigues me even if there's more that I don't understand. But I wanted to admit this upfront because I think many people have a similar knee-jerk reaction.

Anyway, Zen Habits is a delightful and sincere blog written by Leo Babauta that covers
achieving goals, productivity, being organized, GTD, motivation, eliminating debt, saving, getting a flat stomach, eating healthy, simplifying, living frugal, parenting, happiness, and successfully implementing good habits.
It's one of those blogs that has a lot to it, and even if you're not into "zen" or posts on meditation, eliminating debt or eating healthy, there's plenty of other material that's worth looking at.

Take, for example, the post on accepting criticism "with grace and appreciation."

How do you deal with criticism? I think the first reaction for most of us is to defend ourselves, or worse yet to lash back.

And yet, while criticism can be taken as hurtful and demoralizing, it can also be viewed in a positive way: it is honesty, and it can spur us to do better. It’s an opportunity to improve.

We all face criticism regularly - from our boss, from co-workers, from clients, even from subordinates. Sometimes it's malicious. There are people out there, unfortunately, who use criticism as a weapon. But often it's a part of the dialogue of getting things done, and in that context Leo's absolutely right when he says criticism can be valuable. His advice on the subject is a bit lengthy, so I'll just include his subheads here.

Stop Your First Reaction
Turn a Negative Into a Positive
Thank the Critic
Learn from the Criticism
Be the Better Person
Of course, on the other side of the conversation should be the notion of criticizing with grace and appreciation. When you get those kind of dialogues going, they can be almost fun.

How to Accept Criticism with Grace and Appreciation [Zen Habits]

Speak Your Mind

Don't forget the forums available on our new JobsintheMoney. We've just launched them, so it's a chance for you to begin asking the questions and making the comments that'll get others talking.
(Does that sound impressive enough?) You can reach them here. Yes, you have to register but that's about keeping spammers away.

Thursday, September 27, 2007

Let's Be Friends

We've all heard there are reasons to keep work and personal lives separate. But the Cincinnati Enquirer says:
More than half of executives and 63 percent of employees report that job performance improves when co-workers are friends outside the office.

Employees who have buddies at work are more eager to come to the office and enjoy their workday, which translates to higher productivity, said David Araldi of the staffing firm Accountemps, which conducted the nonscientific survey.
It's a fascinating article, which seems grounded in the real world.

Friendly co-workers can boost productivity [Cincinnati Enquirer]

Looking for a New Job - Discreetly

Elizabeth Taylor excepted, most people change jobs more often than they do mates. But no matter how many times you do it, looking for a new position when you already have one can be tricky.What behavior is reasonable and what crosses the line?

Read the answer here.

Tuesday, September 25, 2007

Making Yourself Stand Out

Penelope Trunk has a great write-up on personal branding over on Yahoo Finance. She points out that people who specialize tend to get better job offers, because they develop a reputation for certain areas of expertise. (She also points to a good definition of personal branding, authored by blogger Dan Schawbel of Personal Branding Magazine.
Personal branding describes the process by which individuals and entrepreneurs differentiate themselves and stand out from a crowd by identifying and articulating their unique value proposition, whether professional or personal, and then leveraging it across platforms with a consistent message and image to achieve a specific goal. In this way, individuals can enhance their recognition as experts in their field, establish reputation and credibility, advance their careers, and build self-confidence.
Trunk's foundation for building a personal brand are pragmatic: know what you're very good at, know what people think of you, and meet the right people. But her most important point might be in a simple sub-head: "Admit It - You're Special."

For some reason, a lot of people toiling in the financial trenches don't like to face the fact they bring a lot to the party. Even if you regard yourself as nothing more than an "average" accountant who shows up on time and checks his work, don't kid yourself about how much bosses like those things. My worry is too many people won't think about personal branding because the term sounds too "aggressive." But it's not. Personal branding is simply a way for you to position yourself as someone who's worth hiring

Three Steps to Building Your Brand [Yahoo Finance]

Recession-Proof?

That Robert Half survey has me wondering: Could compliance be moving accounting toward becoming a recession-proof career?

Going and Going and Going...

Sometimes it feels like this job market is the Energizer Bunny. With all that's going in the economy lately, a lot of CFOs are still planning to hire accounting and financial staff in the fourth quarter:
Both company expansion and bulked-up compliance mandates were cited as driving hiring demand, along with a tight market for accounting and finance talent. "The most experienced candidates are receiving multiple employment offers, and more organizations are extending counteroffers to retain top performers," said Max Messmer, chairman and chief executive of Robert Half International, in a press release.
Here's the full story.

Monday, September 24, 2007

Take our Salary Survey

We're conducting an accounting and finance salary survey. Over the next few weeks, we'll compile your responses and report the results so you can see how your pay ranks against others in your field. To complete the survey, you've got to be a registered job seeker with JobsintheMoney. Take the survey here.

Poll Results

So, will all the troubles in the credit markets impact your job? Our most recent poll breaks down like this:
  • Yes 49%
  • No 33%
  • Not Sure 17%
Let me know what's on your mind. Just post a comment below.

Latest Sign That Accounting Is 'Sexy'

The Big Four's no-holds-barred efforts to appeal to new college graduates are paying off. That's music to the ears of HR departments and managers of CPA firms as they scramble to add and retain staff.

Accounting firms snagged the top three places in Business Week's second annual ranking of the "Best Places to Launch a Career." In a lengthy accompanying story, the magazine credits the Big Four's urgent focus on figuring out what today's twentysomething generation wants from a workplace, and giving it to them:

They are among the first to rethink how to recruit college grads, keep them happy on the job, or just keep them at all.
Deloitte & Touche, which placed first among 95 large employers covered, asked employees to submit short videos about what it's like to work there. The best– including a rap video – will be used in Deloitte's campus recruiting programs.

The campus recruiting Web site of runner-up PricewaterhouseCoopers includes a "faux sitcom" performed by real employees. It shows a young female associate enduring awkward interactions with older co-workers, followed by each party explaining what went on from their perspective. Third-ranked Ernst & Young uses Facebook to let prospective employees talk freely with real ones. (The remaining Big Four firm, KPMG, placed 11th.)

Business Week based its ranking on separate surveys of college career services directors, the employers they picked as the best, and college students. The number of employers examined nearly doubled from 2006 and many top picks (including PwC) were newcomers, making year-to-year comparison difficult. But the rise of the Big Four CPA firms is unmistakable. The 2006 favorites were Walt Disney, which fell to seventh this year, and Lockheed Martin, which came in ninth.

"This year accountants became sexy," Business Week proclaims. The article goes on to say:

The employers that did best in our ranking recognize that they have to accommodate this new generation. Many of them are trying to appeal to Gen Y by making themselves more transparent, flexible, responsive, even nurturing.
The Best Places to Launch a Career [Business Week]

Friday, September 21, 2007

More Good News for Auditors

Auditing client companies' books was the traditional raison d'etre of public accounting firms. The growth of newer services such as consulting, merger advice and compliance testing has reinforced the market power of both CPA firms and the professionals who work in them.

Here's the full story.

Thursday, September 20, 2007

Diversity as a Solution

I've been thinking a lot about Myra Thomas's article on the risk of minority women leaving accounting. In particular, this passage:
One African-American woman CPA, who's also a firm partner with two decades in the profession, who spoke with JobsintheMoney on the condition she remain anonymous, observed that "to really move the needle" in diversity practices "requires a culture change and personal values to change, which is a huge undertaking - similar to changing race relations in America."
I talk to a fair number of consultants who specialize in diversity. (The fact that I'm married to one such consultant helps.) They're men and women, black, white, Hispanic and Asian. What they tends to echo this woman's comment. We won't really approach diversity, as a solution as opposed to an issue, until we see the idea surround and knit itself into our culture, both in the office and in life more generally.

This is a huge idea, and it's not the kind of thing that can be planned for and scheduled. It can be encouraged, which is what corporate diversity programs tend to do, but it can't be mandated and it can only be enforced to a certain point. Sure, you can "hold managers accountable" for diversity goals, and discipline workplace harassment, and develop mentoring programs and networking programs. But all those programs do is provide minority professionals with certain career-development tools. Despite what you might hear around the microwave, these programs tend not to give people an undue advantage or free them from the pressures involved in doing good work, or bringing in clients, or whatever it is they're supposed to do for their firm.

These programs also don't address the grumbling around the microwave, which is a huge if insidious part of the quiet discrimination faced by professionals of color. Indeed, nearly 80 percent of the JobsintheMoney users who responded to a March 2006 snap poll said their company was not serious about diversity. People seem to believe firms run diversity programs because they have to. They want to show they're fostering a friendly work environment, because it looks good to potential employees, might help retain existing ones, and might also impede certain lawsuits. I'm not saying firms really are this cynical, but the perception is they're exactly that.

I realize I'm not saying anything new here, and I certainly don't have any answers to all this. But I do think diversity is the kind of thing we should be talking about more - not as an issue, but as a solution.

Choosing a Resume Consultant

t's a daunting task for anyone to prepare a good resume, especially if you're the kind of person that has difficulty expressing yourself on paper. If you are one of those people, or just figure you'd like some help, does it make sense to hire one of the countless writers out there who profess to be resume professionals?

Read the full story.

Wednesday, September 19, 2007

Do Minority Women Have a Reason to Stay?

For many minority women, cultural challenges and a feeling of exclusion make it easy to leave their current firms. They can empower themselves to succeed, but many are asking if it's worth it.

Read the full story.

Tuesday, September 18, 2007

Campuses Are Still Hot

This week, our poll question asks whether you think credit-market problems will affect your job. The Wall Street Journal says for most accountants, the answer is probably "no."

Hiring at the Big Four accounting firms is running at record levels, and recruiting efforts are being ramped up as growing demand collides with a talent shortage. The University of Illinois at Urbana-Champaign said job postings for accounting majors in 2006 more than doubled from 2004.

The paper goes on to talk about how the Big Four's recruiting: More video (Deloitte plans to put 14 videos featuring its employees on YouTube) and more contests (E&Y asks "Why should people become accountants?" on 75 college campuses. Winners get $1,000 and maybe an iPhone.)

Recruiters Take Hip Path to Fill Accounting Jobs [WSJ]

Monday, September 17, 2007

An Ethics Question in the Forum

One of our readers, a CPA who goes by the name of Cosmos, posted a question in our new forums about the ethics of balancing a client's books when they're not really quite balanced, and coding items in ways that might not be appropriate. He's looking for others to weigh in. Read his post and add your comment here.

Poll Results

Of course, when we relaunched JobsintheMoney, we asked what you thought of the design. The answers were:


  • Four stars - Excellent 61%

  • Three stars - Good 21%

  • Two stars - Fair 8%

  • One star - Poor 10%



You can only learn so much from a poll. So, if you have comments about the design, please let us know. Just post a comment below.

Thursday, September 13, 2007

A Blog on Certification Woes

Building on the popularity of the Internet as a form of communication for younger CPAs and accounting students, the New Jersey Society of CPAs' Web site now features the “Exam Cram Blog.”

Scott Sandford, a society student member who currently works for Deloitte's tax practice, uses the blog to relate the travails of studying for the CPA exam. Check it out here.

Sandford chalks up the blog's following to the commiseration factor. He muses about flash cards and the best snacks for studying, and in between snarky comments offers a realistic view of obtaining the CPA certification. “I offer a peer’s perspective on the process,” he says, “and people can see what I am going through right at the moment. What our professors told us was correct. Sudy and be diligent and that’s the best way to pass.”

Sandford has already sat for - and passed - three sections of the test, but in a recent post he says he had to reschedule the date to take the fourth section, as he knew he just wasn’t ready. “I’ve had my stumbling blocks, but I know this will help in my career," he says. "At Deloitte, advancing in the tax practice means getting the CPA, going on to law school or getting a master’s in tax, and I see that as the next step for me.”

--Myra Thomas

Tuesday, September 11, 2007

Step Away from Your Laptop

I like Neil McIntyre's post about bringing his laptop on vacation. A Robert Half survey found that 38 percent of accountants take a computer - either laptop or hand-held - with them when they go off. (That's beside the 34 percent who work at night, and 37 percent who respond to e-mails or phone calls in the evenings when deadlines loom.) Neil notes:
  • I left everything when I went on vacation last month. No laptops, and the phone was off the entire time!
  • Working in the evenings is a given during busy season and sometimes necessary at other times.
  • I respond to emails if I happen to check my work address, but that doesn’t happen regularly at this time of year (see above).

A couple of thoughts struck me:

More people take computers with them on their time off nowadays, whether they're going on an out-of-town vacation or just hanging around at the local beach. I don't think anyone would argue this is a societal change - computers are all over the place, they've knitted themselves into our daily lives, and whenever you turn your head, you see people on their cell or scrolling through their PDA. You see all of these people connecting, and it's hard to resist taking a minute just to connect yourself "to see what's going on."

This means taking vacation requires a certain amount of self-discipline: Self-discipline to avoid turning on your laptop, to avoid calling into voicemail, to avoid carrying your Blackberry to the beach. Some people are better than at this than others: Lately, I've tried to put myself in the habit of leaving my laptop at home when I go away with my wife. I mean, if we're spending a bunch of money on a schooner trip or a hotel, I'd just as soon enjoy it.

Our product director, Evan Lessor points out that if you're not careful, you could come home to a nearly impenetrable inbox. Good point. To avoid that, I suggest:
  • Before you go, leave a message on your voicemail, and an auto-reply on your e-mail, saying you're be out of the office, won't be checking in, and giving the date you'll return. On mine I try to nudge people toward contacting me when I get back. And I'm sure to say "I'll respond to your message when I return."
  • Plan on using your first day back as a catch-up day. Don't schedule meetings or project deadlines too close to your return. And certainly don't think about going out for a job interview, or having your annual review.
  • If you must sneak a peek, do it a day or two before you go back to work, and just to clear out garbage messages like spam or newsletters you don't plan to read. Doing this has the added benefit of letting see what you'll be up against when you get back to your desk.
Work-life balance: Laptops on holiday [Neil McIntyre]

Will This Recruiter Get Me a Job?

Time is money. So, should you make an investment by interviewing with agency recruiters when looking for a new opportunity? The answer is yes - if the recruiter has available jobs that match your skill set and career goals.

Read the full story.

Monday, September 10, 2007

Looking Forward

Looking at all of the economic news lately, I have to wonder whether the job market's peaked. That's not to say demand for accountants is going to disappear any time soon, but it could be the high-speed chase a lot of firms have been describing could be about to hit the brakes. Why? There are still compliance issues to face, after all, and still a sense of too many jobs chasing too few professionals. But over the weekend, it seemed a lot of people began using the word "Recession" in their predictions for the economy's direction, and even though many give its occurrence odds no better than 50/50, for the first time in a long time we seem to be in real danger of suffering from more than a couple of speed bumps.

It's true the need for talent will remain, but I have to believe it's dynamics are going to morph. I can imagine a number of firms - large and small - who've managed to get by without the headcount they've wanted wondering whether they can just make do with the bench strength they've got. And some of those perks aimed at retaining top performers? They may get harder to justify.

These seem like pretty obvious observations, but then it seemed pretty obvious that people who were overextending their credit were going to get into trouble paying all that debt back one day. I don't think the accounting job crunch is any kind of reverse bubble - it's based on real supply and demand - but I do have this feeling that 2008 is going to be a year when those chasing candidates begin to slow down their efforts, even just a little bit.

Friday, September 07, 2007

Got a Story?

We're writing - Well, Dona DeZube is writing - a story about conducting a job search without tipping off your boss. She'd like to hear from people who've had to job-hunt discreetly, with any anecdotes, tips, or thoughts you might want to share. If you'd like to be interviewed, send me an e-mail, and I'll pass on your contact information. (And we'll hold your name in confidence unless you tell us otherwise.)

Building Your Safety Net

Demand for accounting and finance professionals, from both CPA firms and private industry, has been robust for so long it's hard to imagine it might weaken. But financial markets are mired in uncertainty over the near-term path of the U.S. economy. If the worst happens, are you ready for the fallout? Here are tips on how to prepare.

Read the full story.

Thursday, September 06, 2007

Shameless Self-Promotion

Well, it's not really self-promotion. But I did want to point out a new JobsintheMoney launched today. It offers a completely revamped design, continued career advice, and forums where you can post questions and opinions on networking, resumes, cover letters, general workplace issues and more. These forums, I should point out, are a place where you can really make the Web site your own, so I encourage everyone to take a look, and post about whatever interests you.

I'm pretty excited about this, mainly because it's another way to get more people talking about life in the accounting and finance worlds. The new site makes it a lot easier for you to e-mail us, to talk with other users, to ask questions, and to network.

So, I hope you'll look at it and, of course, let me know what you think.

How Do I Resign 'Professionally?'

We got an e-mail:

"We've had a management change at our firm, and I am very unhappy with my new supervisor. The one I worked with for the last five months has just disappeared. I'm planning to resign and wonder whether I can do this verbally, or must I write a resignation letter?"

Read our answer.

Don't Blow It

Of course, you want to stand out. But when you're trying to convince a firm you're the solution to their problems, there's a fine line between creative and weird.

Read the whole story.