The Importance of an Onboarding Plan For Your New Accounting Hires – 4 Step Process

Having an onboarding plan is crucial to your employer brand
Having an onboarding plan is crucial to your employer brand

So, you spent the time. you’ve went through so many applicants, you’ve done so many interviews. Maybe this took weeks, or even months, you filtered through all these people, you did all these interviews, and finally you’ve got that star player hired.

The next phase is crucial to ensure that your star accountant or financial professional fits into your organisation and team. The onboarding phase is where many companies can lose that star accounting and finance professional. The last thing you want is to start to whole process over again.

Its so easy for the hiring company to just let the new hire off to “do their thing” because usually by the time you’ve hired for this person, you needed them to start working weeks ago. With the demand for accounting and finance talent its so easy to do this because time is at a premium.

In many cases accounting and financial firms don’t have time to hire, write up job specs, filter through applications and sit through interviews and then try make a decision that best fits their organisation. Nor do senior finance and accounting personal have time to train and induct new hires to the company.

However here at Martina Quinn Finance Recruitment we would highly recommend you take the time to bed in your new star accounting and finance hire to retain your new star and current staff. In this post we show you a system that works.

We are in a phase where its currently a candidate driven market and competition for finance professionals and accountants, such as management accountants and treasury accountants are hard fought for.

According to Chantal Haynes-Curley of CPA Irelandwe witnessed a cataclysmic 49% decline in student registrations across all professional accountancy bodies, a figure attributed to the 2008 economic recession and lack of training opportunities for accountancy students.”

This is part of the reason for the skills gap in the accountancy and finance profession and why we are seeing salary inflation of skilled accounting and finance roles. A tactic rolled out by many employers to try attract and retain their staff.

To ensure your new hire feels apart of the company and the team around them getting the onboarding process right is a key strategy for improving your employer brand and recruiting the best accounting and finance talent on the market.

The onboarding process is your opportunity to make another first impression after the interview
The onboarding process is your opportunity to make another first impression after the interview

The onboarding process is your opportunity to make another first impression after the interview and a chance to set the foundations for the rest of your new star hire’s experience with your company. Once the onboarding phase is completed your new accounting and finance talent should have an in depth understanding of the organization’s culture and values.

If your firm is new to onboarding or if you’re looking to improve the HR process around the onboarding process, then understanding the below steps which we have provided can help your organisation.

A clear onboarding process will help you plan a clear strategy to engage candidates, improve new hire retention, and also help current employees adapt to your organizational practices.

The Onboarding Process.

Phase 1: Pre-Onboarding

The onboarding process can be broken down into four phases. The first phase is pre-on-boarding and should begin as soon as a verbal agreement of a job offer is accepted. Getting your onboarding preparation right is crucial as at this time as your candidates are most uncertain of what lies ahead.

Small miscommunications or a misunderstanding can make candidates doubt their decision to move into the accounting or finance role and join the company. However, get this right early on in the onboarding stage and your candidates will start to feel excited about joining your company and contributing to the team.

Regular communication about any updates that are going on in within the firm will help the new accounting and finance hire left feeling energised about starting the accounting job. During pre-onboarding the help, the new hire complete all the necessary paperwork such as contracts and payroll details.

Make sure to give the new starter time to finish up with their previous employer and finish exit tasks. If they are relocating to take up the new role check in with them to see if they need help finding accommodation.

A good idea is to send some content around the company in terms of the culture of the organisation what the building looks like inside and out and what their first day will look like.

Phase 2: Welcoming phase

The next phase is to welcome your new starter to the organisation and team. Providing an orientation will help new hires adapt to their new environment. Providing the new hire with a clear picture of the company will allow them to gain an understanding of how the company’s teams operate on an everyday basis.

The majority of new hires will be eager to prove themselves and will want to get started as soon as possible, for this reason it is recommended that the welcoming phase is kept to no longer than a week.

Their first day should be kept as simple as possible. Their orientation phase will help them gain an insight into the company’s culture and show them how work practices are aligned with the culture of the firm.  Housekeeping items such as annual leave, attendance and HR policies should be discussed at this stage.

The orientation phase is an opportunity to show them eateries, parking spots, printing equipment and medical facilities etc. Introduction to their new work colleagues and other stake holders is part of the induction phase.

The welcoming phase incorporates the small mundane things that could get overlooked but it’s an important step to ensure your new hire settles in well.

Phase 3: Role Specific Training

This phase is one of the most important phases of onboarding and can be linked back to how successful your new hires will be in their accounting and finance jobs. Your new hires may not know what it takes to thrive without formal training.

Dissatisfaction and frustration can develop can be a direct result of no training or poor training which in turn can lead to high turnover rates. According to Lorman

  • Nearly 59% of employees claim they had no workplace training and that most of their skills were self-taught.
  • 74% of workers are willing to learn new skills or re-train in order to remain employable.
  • 87% of millennials believe learning and development in the workplace is important.

However, if a well drafted training plan is in place will help new starters feel welcome and shows that the company cares about their progress and development. Employees should not feel overwhelmed by the training in place.

Everybody learns differently and at different paces, provide different types of learning techniques such as blended learning and self-paced learning. All learning materials should be stored in readily available access point such as an intranet or other cloud storage solution.

Phase 4: Transition to their new role.

Your new hire is ready to leave the nest and get stuck into their new accounting and finance job. The last phase is designed to set your new hires for success by setting out clear expectations for their new team members.

Set SMART goals for new starters which will help them visualise what success looks like. After six weeks a performance review is recommended so you can recognise their efforts while also providing feedback to help improve performance.

Onboarding ensures your new accounting and finance star hire fits your team. The process helps your new team member understand the company’s values, culture, and work. It improves employee retention and also your employer brand.

Onboarding ensures your new accounting and finance star hire fits your team
Onboarding ensures your new accounting and finance star hire fits your team

Our Solutions

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide, with over 18 year’s experience building excellent finance teams. Reach out to the team here in Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

Accounting and Finance Professionals Want Remote Working Options.

Accounting and Finance Professionals Want Remote Working Options.
Accounting and Finance Professionals Want Remote Working Options.

A recent survey carried out by the Financial Services Union in partnership with University of Limerick shows that 88% of respondents say they would like to work from home some of the time.

This is a significant number of accountants and finance employees in the industry seeking more flexible remote working options. The survey results also show that just over 70% said their employer did not provide financial support for costs associated with working from home.

The findings indicate a desire to have hybrid work from home solutions. Dr Michelle O’Sullivan of the Kemmy Business School at University of Limerick said the research points to several issues that employers should prioritise to improve the experience of remote working work. “These include a home working allowance for the costs of remote working,”

According to the president of CPA Ireland Áine Collins said “Remote working will bring tremendous benefits including increased productivity and a better work life balance. Remote working will also support regional growth by supporting SMEs, something CPA Ireland have called for in previous years.”

Remote working for accounting and finance professionals allows for increased flexibility and autonomy. According to INC, nine out of 10 employees who currently work remotely plan to do so for the rest of their careers.

Advancing technology coupled with the recent pandemic has accelerated hybrid working models. Technology such as videoconferencing software, collaboration platforms, and cloud services keep people connected and allow staff to have meetings and complete projects from anywhere, anytime.

Employers also benefit from remote working opportunities as it can be used as a tool to attract and retain talented accounting and finance personal. In this current market attracting and retaining top finance and accounting personal is paramount to succeeding and growing your business.

What are the benefits of working remotely?

Work/Life Balance

Remote working offers better work life balance, by not working in an office daily, empowers employees to feel in control of their life, to plan home and work tasks. This gives a sense of achievement and makes employees more productive.

Simple things can make employees feel more empowered by remote working such as:

  • There’s no rush to catch a train, bus or sit in traffic
  • They don´t have to carry files or your laptop
  • They can take a break when you need one
  • There are no stressful office politics
  • They get more family time

Flexibility and freedom.

Working from home can allow employees to plan their day to suit both their work and home life, if they carry out the set hours at the right time. Having the flexibility to attend medical appointments, watch the kids’ hurling match, or take elderly parents shopping can lighten the load.

By not having to ask for permission or fit in with other team members takes pressure off too. When an employer provides employees this kind of autonomy it builds trust and gives more job satisfaction.

Cost Saving

Inflation and rising fuel prices can be tackled by remote working
Inflation and rising fuel prices can be tackled by remote working

You can’t escape it; rising fuel prices and inflation are hitting everyone’s pockets right now. However remote working allows employees to save on fuel and maintenance costs of their vehicles. Other costs such as parking, lunch, snacks, formal clothes for the office all add up. 

Remote working saves on these expenses, which can add up to a substantial amount. This means more disposable income available for other things, which is always a good thing.

Save Time

Working from home naturally saves on time when commuting to and from the office. Remote working also allows accountants and finance personal to manage their own schedule. Some people work better in the mornings than in the afternoons.

Others come alive and are brimming with ideas in the evenings. Scheduling for their own time that allows employees to work when suits is a real benefit. If you are an accounting or finance employee working remotely, make sure the time you’re working doesn’t affect your colleagues and you meet deadlines doing this can allow you to work when you wish.

Peace and Quite

The traditional office can be noisy and full of distraction. People are talking, phones are ringing and in general there can be a hive of activity going on. This is great from a social point of view to meet and chat with colleagues, however many people find this environment distracting.

Some people need complete and utter silence to focus. Remote working provides this opportunity which allows you to be more productive. Silence is golden to many people.

Location, Location, Location.

A good internet connection allows us to work from anywhere.  Remote working has greatly benefited from better broadband infrastructure
A good internet connection allows us to work from anywhere.

We can work from anywhere as long as we have a good broadband connection. Working remotely in the finance industry means you don’t have to be bound to a city that you don’t enjoy living in.

If a spouse, partner, or roommate must be based or allocated in a particular location, remote working allows partners to keep their job and home life separate.

Health and Happiness.

Commuting daily, spending hours in traffic and looking for parking isn’t the best or healthiest way to spend our time. Remote working has the advantage of not encountering viruses or germs from coughing and sneezing of others. Its what the majority of us did during lockdown.

Remote working can also improve our mental health by limiting time with co workers who have a negative mindset. Incidents of workplace bullying and perceptions of hostile work environments especially those in minority groups have decreased according to Høgh et al., 2021.

Office Set Up

One of the biggest advantages of remote working is that employees can set up their office or workspace as they want it. Staff don’t have to worry about colleagues complaining if there untidy or too organised. They can have the temperature of the room just the way they like. They can open the window or leave it closed. Working from home allows employees to be more productive in their own environment

Employer Benefits To Remote Working

Remote Working Saves Company’s Money

With fewer people in the office on a daily basis companies could consider downsizing their office to cut costs on overheads such as rent, electricity and heating. More efficient workspace usage allows companies to save money according to a study carried out by Stanford.

In the study a participating company saved $2,000 per employee on its office space rent, simply by using the space more efficiently.

Increased Productivity

According to Forbes remote employees of 35-40% on average are more productive than their office counterparts
According to Forbes remote employees of 35-40% on average are more productive than their office counterparts

According to Forbes remote employees of 35-40% on average are more productive than their office counterparts and have measured an output increase of at least 4.4%. This is quite a significant number and something that employers should take note of.

Retention

Based on Forbes research 54% of employees say they would move employers for a role that offered more flexibility. After a remote work agreement has been offered turnover reduced by 12%.

Providing flexible remote working solutions can also be used to attract top accounting and finance talent. Remote working isn’t prevalent in the finance and accounting industry however being a leader in this area could offer employers with an advantage.

In a recent poll we asked, “Should all accounting and finance professionals have the option to work remotely?” with 98% voting yes. The desire for remote working is there among the accounting and finance professionals of Ireland.

Our advice is to use this knowledge and implement into your recruitment strategy in order to attract and retain top talent.

Our Solutions

If you’re a jobseeker looking for flexible remote working options get in touch with our team of accounting and finance recruiting professionals. They will be able to provide you with the best advice for your recruitment strategy.

If you are a jobseeker our accounting and finance recruiting professionals will be able to help you further your career in an environment that best matches your needs.

Contact us today.

Accounting and Finance Recruiting Trends in 2022

Accounting and Finance Recruiting Trends in 2022
Accounting and Finance Recruiting Trends in 2022

Its nearly July of 2022, we can’t believe it either. time flies when you’re having fun. While we were having fun, we have noticed a few trends in the accounting and finance recruitment industry and accounting and finance jobs in general.

Luckily the pandemic caused by Covid -19 hasn’t affected the accounting and finance jobs market and in fact the market hasn’t been this strong for quite some time. Jobseekers are in a position of strength where they can almost pick and choose where they work to certain extent.

For organisations to attract and retain the best available accounting and finance talent businesses must keep up to date with the latest current industry trends in order to fill available accounting and finance jobs.

Keeping on top of the latest accounting and finance recruitment trends places you in the best position to securing top accounting and finance talent to deliver your projects. Employers need to know what jobseekers want so hiring managers can speak the same language and present the company in a way that resonates with top accounting and finance talent.

To help companies navigate through the changing trends in recruitment we have compiled a list of hiring trends that will shape your future accounting and finance teams.

Remote Work

Working remotely is here to stay. If there is one positive to take from the global pandemic, it’s the realisation that we don’t need to be in the office or production unit all the time. Covid – 19 really accelerated this for businesses.

Accountants now expect to see an element of hybrid and work from home options in accounting and finance job descriptions. It’s vital for all businesses to be set up in a virtually connective/collaborative environment.

Remote work, work from home and hybrid work are becoming popular
Remote work, work from home and hybrid work are becoming popular

Using the latest technologies and software available to make communications between accountants and finance managers is paramount. Providing these amenities will instil confidence in your current workforce and help attract more high-quality accountants.

To ensure productivity is at the same level or even higher, employers should record all processes and workflows with appropriate tools. An accountant’s location shouldn’t impact on the quality of their work, nor should it hamper the company but enhance both employee and employer.

Wider Pool of Talent to Select From.

Thanks to hybrid and remote working options hiring managers can cast their hypothetical net further afield to attract the best accounting and finance talent for their business. Geography is no longer an issue which bodes well for companies who have suffering due to skill shortages in finance.

In some cases, international borders won’t be a problem for hiring managers as they look outside their own country to find the best accountants. This is especially true for highly technical specialist accounting and finance jobs.

Excellent Workplace Culture’s

Following on from the ability to implement work from home and hybrid working policies the virtual workplace opens the door to a wider field of talent as we discussed in our precious points. Businesses are no longer limited by hiring local talent as your recruitment campaigns can now be taken global.

With this relatively new feature available to businesses, access to talent will have increased as competition for the most suitable accountants will have heightened. Other accounting and finance firms will also be leveraging virtual collaboration technology to attract the best talent.

To compete with these firms, you as an employer need to offer more than just a great salary as this has its limits. More and more accountants want an excellent package that makes them feel like they are valued and taken care of.

Your company's culture is important when trying to attract to the right candidate
Your company’s culture is important when trying to attract to the right candidate

The best means of achieving this is by developing a world class work place culture that current and past employees can share on employer review sites such as Indeed and Glassdoor.  Establishing a standard set of values that are included in the company’s mission and vision statement will give potential hires something to think about.

Living and upholding these standards in your company’s day to day operations is also important as you don’t want to be seen to just be paying lip service. A culture that allows your accounting and finance personnel to grow, learn and opportunities to be promoted is also something that attracts accountants.

A culture where accountants feel at ease about raising issues, highlighting room for improvement, or suggesting new process ideas should be encouraged. This all ties in and contributes to your employer brand.

Building A Strong Employer Brand

Accounting and finance candidates are savvier than ever. They have access to vast amount of information about your company and brand and will spend a lot of time researching your company before they even apply for a role. We wrote a blog about this recently.

If you are worried about your employer brand you can invest in developing content for your social media and website to highlight what a great place your company is to work. Reacting to negative reviews in a positive manner and genuinely looking after your staff will help you attract and retain accountants to develop your employer brand.

Having a poor employer brand will make it difficult for you attract those top accountants to grow as an organisation.

Diversity and Equality

People care about what their employer stands for. Social justice campaigns are quite frequent nowadays and interests in these campaigns have sparked people’s interests. Many of those affected or interested in social justice campaigns could be your next hire.

Questions from candidates during interviews around diversity and equality in the workplace shouldn’t surprise interviewers or hiring managers. Having a policy around diversity, equality and inclusion embedded in the organisations mission and vision statement and the company’s cultural will make answering this question easier and make you sound more genuine.

Diversity and equality in an organisation are beneficial to your company
Diversity and equality in an organisation are beneficial to your company

Diversity and equality in an organisation are beneficial to your company and its also healthy for your teams and your management hierarchy.

Our Solutions

Recruitment as an industry is fast paced and the changing dynamics of recruitment for the accounting and finance segment is rapid. Trying to keep up with the accounting and finance industry recruitment trends while trying to run your organisation and the day-to-day operation behind the business is challenging.

Luckily there is a solution to this problem and that is to partner with Martina Quinn Finance Recruitment to source top accounting and finance talent. We have over 20 years of combined experience in building high performing accounting and finance teams.

We are always keeping our finger on the pulse to ensure you get the accounting and finance talent your business deserves. Contact us today for more information.

Accounting and Finance Company Research – A Guide

The Importance of Accounting and Finance Company Research
The Importance of Accounting and Finance Company Research

Accounting and finance jobs are competitive, doing your homework by looking up the business is crucial during the job search. Particularly when you get selected for an interview and your knowledge of the company will be quizzed. 

Doing your research will also be important when accountants decide what type of company, they want to work for and when they are ready to apply for that Accounting and finance job. 

With information so readily available in today’s world, employers, hiring managers and the companies they work for have come to expect candidates to have a good deal of understanding for their business.

Understanding the company’s business, goals and current projects will give an advantage over your competitors for the accounting and finance job up for grabs. Showcasing your proactive, sociable, and knowledgeable about their company will help you stay in the minds of the interviewers.

For your own sake, being familiar about the day-to-day operations of the company will also give you a better idea of whether or not you would enjoy being employed there and also if the company’s values match what you value.

Below is a list of how to do company research and get to know your future potential employer.  A quick Google Search will verify that there is a wealth of information out there about the business however It can be difficult to know where to start.

The research process can be broken down into the following:

  • Their website
  • Their social media
  • Their reputation
  • Their culture
  • Their financial health

Their website:

This is a place where accountants can get a feel for the business. The about section will provide you with a great introduction to the company. Where they started, their growth over time, where they want to be in the future and what their goals are. It can also show how many locations they have and where their headquarters are located.

Social Media:

Using LinkedIn and other social media accounts can provide a great wealth of information about the business and the accounting and finance jobs they are hiring for. Their social media will also provide a great deal of insight into their history, events branding, company tone and voice. Social media can also provide you with information on their reputation, and how they handle negative press.

Reputation:

Using tools such as Indeed and Glassdoor provide an invaluable resource as they provide information such as employee reviews, salaries and interview experience from those who sat in the hot seat.

When preparing interview answers this can be useful. However, take these reviews with a pinch of salt and not as gospel as people can be disgruntled about conditions and personal scenarios can lead people to vent frustration on these sites. 

When people are unhappy about a product or service they purchased, we tend to tell more people about a negative experience compared to a positive experience with a product or service. The same principle applies to Glassdoor or Indeed Reviews.

People who weren’t a good fit for the company and didn’t get a position with the company they interviewed for won’t be singing that companies praises. We need to be careful about what we read on these sites.

Google News

After conduction a quick search on Google check out the news section of the search provided by Google. This will provide you with recent company news and developments, which can arm you with a set of talking points for the interview and give you an idea on their reputation.

Bringing a company’s reputation into an interview is something you may not want to do, however having this knowledge can be of a huge benefit to you during the whole process. Questions like do senior managers take hours, days, or weeks to respond to queries or to approve actions?

Do current staff have a positive outlook for the future of the company or are they worried about closures and redundancies, if they are hiring chances are the business is thriving but it’s always good to know about the company’s situation before applying for a role.

Their culture:

Knowing what a company’s culture is like before applying may help you save some time. If the company culture doesn’t match your needs, you won’t apply. Finding out about a company’s culture can be more difficult to obtain.

Using your network can help you gain a valuable insight into their culture. Knowing information about the business values and unique characteristics goes a long way to determining whether or not you will find it be a good fit for you.

Having information on a company’s culture can help you ask your interview questions when it comes to that part of the interview.

Knowing details about an accounting and finance company's culture during the job search will go along way
Knowing details about an accounting and finance company’s culture during the job search will go along way

Financial Health

Knowing the financial health of a company will allow you to make a clear decision to either apply for the accounting and finance position or not apply. If the company is solvent, shows adequate operating efficiency and is profitable then you should apply for the open accounting and finace job.

There is no one perfect method to determining a company’s financial health or sustainability. Being an accounting and finance professional, you probably already know this. However, taking a look at a company’s liquidity, solvency, profitability, and operating efficiency can indicate if a company is thriving or not.

Liquidity:

This is the amount of cash and easily-convertible-to-cash assets a company owns to manage its short-term debt obligations. Quick ratio is a metric used to measure liquidity. A quick ratio lower than 1.0 is often a warning sign, as it indicates current liabilities exceed current assets.

Solvency:

Relates to a company’s ability to meet its debt obligations on an ongoing basis, not just over the short term. The metric used to measure solvency is debt to equity ratio.  A downward trend overtime in debt-to-equity ratio is a good indicator that a company is financially strong.

Operational Efficiency

This is that measures the profit earned as a function of operating costs. The greater the operational efficiency the more profitable the firm is.  The metric used to measure this is operating margin. It indicates how well the company is being managed.

Profitability

To survive and be successful a company must be profitable and maintain being profitable. Net margin is the ratio used to measure profitability. A large net margin indicates a company is in a position to commit to capital growth and expansion.

Doing this type of financial research isn’t something to bring up in an interview however its good have knowledge of where the company stands before applying for the accounting and finance job.

Take Aways

The more organised and prepared you are about the company the more you’ll know what to expect when it comes to the interview. Doing the research before you apply for a position is the best protocol.

This will be of huge benefit to you if the hiring manager wants to get someone in place quickly. You could find yourself in an interview the same week as you applied which can leave you with little time to prepare for the interview.

Do your due diligence before apply for accounting and finance jobs
Do your due diligence before apply for accounting and finance jobs

Additional Support

Your recruitment agency of choice should have a strong inside track to their client employers and should always provide you with relevant employer information to give you that competitive edge in interview.

Reach out to the team in Martina Quinn Finance Recruitment for the best advice and support in your career move contact us today.

Focus on the ‘soft skill’ to excel your finance job search

Soft skills to excel your finance job search
Soft skills to excel your finance job search

There is no doubt about it, today’s finance marketplace has never been more competitive. Add in remote working and the competition for positions increases.  In the space of two short years the working world has changed significantly. As employees we need to change and adapt with it.

You are not just a qualified accountant; you are a well-rounded individual with personality that can add value to organisations. In today’s world this is more important than ever as employers want personnel that can fit well with their established teams to complete deadlines on projects.

Accounting and finance organisations want you to slot into their cultural fit because according to breathe employees are:

  • Happier
  • Stay longer
  • Engaged with the company
  • Have increased productivity

Another change in recent years is the rise of social media. It is now common for finance companies and hiring managers to look you up on LinkedIn, Facebook, Instagram, Twitter and TikTok before they shortlist you for interview. 

Accountants are problem solvers who shine behind the scenes and have impressive skills but what can sperate you from your competition is your “soft skills”. How your present yourself professionally is an important factor when trying to win the job race.

Get ahead of other accounting and finance professionals by upgrading your soft skills
Get ahead of other accounting and finance professionals by upgrading your soft skills

So, what are these soft skills that help me get ahead in your career?

Adaptability:

To work and perform well in most environments you will need to be able to adapt to changing situations and be open to new technologies and ways of thinking. This soft skill might be a new way of thinking or a change of mindset for an accountant.

It’s natural for people to resist change and revert back ‘’to the old way’’ of doing things. Being open to change and being flexible may help you get that promotion your after or that new role you have dreamed of.

Interpreting Body Language:

Reading a room and your ability to pick up other people’s body language can help pick up on unspoken issues.  This social skill may help you come across more empathetic to colleagues by altering your verbal messages.

Having self-awareness of your own body language can also influence the way others respond to you. According to Indeed “Being highly aware of your own body language can influence your productivity and reputation in your workplace”

Listening Skills:

The ability to listen and truly take on what is being said in a conversation, presentation or meeting is really a vital skill in today’s workforce. Listening and active listening is more than just nodding your head, making umm sounds and making eye contact.

Listening is about taking on board what is being said engaging with the content of the conversation. Taking on necessary action if action is required and refer back to the speaker if further clarification is needed. This is a simple soft skill but requires attention and concentration.

Self Confidence:

Not to be mistaken with arrogance or cocky but having self-confidence about your own abilities from past experiences and your qualifications is something you will need to get ahead in your career.

The ability to have confidence talking about previous positions and your performance in those positions during interviews will carry you a long way in your accounting and finance career.

Sociable:

Having the ability to hold a conversation with people from different backgrounds is an important skill to get ahead in your career. At conferences or any other events, you never know who you could meet, it could be someone who could have a great influence on your career.

Having strong social skills will help you integrate into different teams quickly. According to a recent study by HR Digest, people who have the added advantage of social skills along with their technical skills have more job opportunities and higher wages.

Soft skills such as being sociable can excel your finance job search
Soft skills such as being sociable can excel your finance job search

Developing soft skills can be difficult especially if your introverted by nature. However, by joining sports and social clubs you can meet like-minded people which can help develop this skill.

These soft skills will help you in your career to get ahead. If you feel that you’re lacking in any area there are courses out there to help you. To progress in your career don’t get too comfortable, push yourself to get to the next level of your finance career.  Always seek out the best opportunities for you and your growth.

For more career advice get in touch with us today.

Prepare for Accounting & Finance Interviews

How to make a great impression

Congratulations! you have landed an interview. Your CV jumped out and caught the attention of the hiring company, you’re one step closer to landing that dream job. Now its time to prepare for that interview and make a lasting impression.

We have got you covered, below we have tips on how to make that lasting impression. We have broken it down into three steps

  1. Before the interview
  2. During the interview
  3. After the interview

Part of our jobseeker service offering at Martina Quinn Finance Recruitment and STEM Recruitment Partners is interview preparation. 

Accounting and Finance interview

Before The Interview

Research The Company

Its obvious but its something that should never be
overlooked. Know everything on their website from their about us page, latest
news. product and services they provide and everything in between, know their website inside and out.

Don’t forget to check out their social media and take note
of key milestones, events, updates, or announcements. This will give you a
greater understanding of what the goals of the company are and will cover you for the inevitable ‘’What do you know about us’’ question. 

Research The Interviewers 

Often you might have information on who will be interviewing
you. Make use of LinkedIn and find out where they studied, where they were employed
previously and what groups they are members of.

This will help you build a rapport with your interviewer or
interviewers. Building a rapport early makes you stand out helps make a lasting impression.

Prepare Questions and Answers

‘’Fail to prepare. Prepare to fail’’ A famous quote from Roy
Keane, spoken in a different context but it also applies for interview
questions. Common interview questions such as

  • Tell me about yourself?
  • Why do you want to leave your current role?
  • What interests you about our company?  

Will allow you to demonstrate who you are your experience, knowledge and value that you can bring the hiring company. Here is 21 common interview questions from Pass my interview.com

Know the job description

Read the job description multiple times and highlight what skills it emphasises. Match skills you have with the job description and have examples of how you used those experiences in past and current roles.

Use the STAR model to explain technical situations

STAR is an acronym for

  • Situation
  • Task
  • Action
  • Result

In the world of Accounting, Finance and Taxation its very easy to get bogged down by the technical details when answering a question. By using the STAR model, you can explain how your technical capabilities helped the company overcome a problem or situation.

Prepare examples of your work

It is common to be asked about specific work you have carried out in previous roles such as projects completed. Think of work you have done in the past that is relevant to the job description.

Gather a list of intelligent questions to ask the interviewer.

It’s not all one-way traffic when it comes to interviews, they provide a platform for you to understand the company better and understand the people in the company better. Interviews allow the employers to know if the candidate is serious about the position.

The interviewer will be expecting you to ask them questions, here is a list questions compiled by the Business Insider to ask the interviewer it may help you on the day. 

During The Interview

Get Your Outfit Ready

Make sure you have your formal outfit ready the night before the interview. Don’t be scrambling around the house looking for your belt just before your about to leave. Have everything ready, you have enough to be thinking about.

Bring Copies of your CV and a Notebook

Take five copies of your CV to the interview with you just in case there are multiple interviewers. This shows your organised and considerate. Having a notebook allows you to take notes of key information that the interviewer is telling you. This shows you are interested and serious about the role, however, don’t use a tablet or phone to take notes as this may be seen as ignorant or rude.

Arrive Early

Be at the interview 10 – 15 minutes before the interview. Do a recon of the commute a few days before the interview so you know where the building is, how busy is the traffic, where you can park and how long of a walk you have to get there.

Make a great first impression

First impressions last, people say it for a reason. Make sure you look professional check your clothes for stains and your shoes are shined etc. Try and display confident positive body language, give a firm but not too tight handshake and remember to smile throughout the interview.

Treat Everyone As If They are The Hiring Manager

This goes without saying but nerves can interfere. Just remember to treat everyone with respect including front desk staff, security personnel cleaning personnel, security etc. Your potential employer may ask for feedback from other employees and as we said earlier first impressions last.

Respond Honestly to Questions

It may be tempting to decorate your skills and achievements in our experience interviewers find honesty respectable and refreshing. Focus on key strengths and again use the STAR model to deflect questions you may think show weaknesses.

Bring Them Back to your Skills and Achievements

When asked a question use it to your advantage by bringing to examples of how your skills and experience helped your past companies. Keep your answers focused and concise as your time is limited in an interview.

Do Not:

Speak negatively about past roles or employers as this makes you come across as adverse in an interview. If you feel your not getting what you want out of your current role, try focus on the skills and experience you have gained and what you want in the short and long term.  

After The Interview

Ask About the Next Stage

Ask the interviewer about what the next stage in the process are. This shows enthusiasm for the role and will allow you to prepare for the next stage in the process.

Send a thank you email.

Send a thank you email to the interviewer, showing your appreciation for taking time out of their busy schedules. This shows that you are considerate.

We provide free jobseeker consultation to ensure you are placed in a role that fits your needs and values. 

How to Attract Top Finance Talent

How to attract finance talent in today’s high demand market.
Attracting top finance talent is becoming more difficult

How To Attract Finance Talent In Today’s High Demand Market

Every organisation is feeling it, finding talented finance professionals in Ireland, such as Financial Accountants, Financial Analysts, Management Accountants and Tax Accountants has never been more difficult. During the pandemic it was expected we would be entering into a recession, luckily this hasn’t been the case. 

At this moment in time finance jobs in Ireland are plentiful however finding finance professionals for these roles is proving to be difficult.  The market for talent hasn’t been this strong for talented accountants in many years.

Employers are struggling to find experienced talent for open positions. However, we are off to a positive start to 2022 according to Chartered Accountants Ireland. In Q3 of 2021 job vacancies were up 42% than in the same period as 2019.  At Martina Quinn Finance Recruitment we see evidence of this continued growth in 2022 with many organisations looking to fill vacant positions.

Accountant and Finance Professional
n Q3 of 2021 job vacancies were up 42% than in the same period as 2019. 

Below we have some tips on how to attract the best accountants in this competitive marketplace.

1. Highlight Your Career Development Programme

Attract ambitious accounting and finance talent by highlighting your development opportunities. Showcase how you can help potential new hires make the next step in their career.

2. Get a Referral Programme.

Companies with a referral programme find candidates who’ve been referred are more likely to accept a job offer. This can be from 2.6% to 6.6% according to Glassdoor.  Also, employee referrals account for 10% or reported job interviews. Finance professionals hired from referral programmes tend to stay longer as they know what to expect from the organisation in terms of culture.

3. Bulk Up Your Benefits

If your company are on a pay rise ban, it can be difficult to attract top talent. This is where you will have to think outside the box. Post pandemic we know that demand for remote or hybrid working models are six times higher according to the Irish Examiner

Remote or hybrid working options is now a ‘’must’’ to include your benefits package. Pension schemes, performance bonuses are standard. Utilizing a ‘’promise to stay bonus’’ Travel or leisure benefits or guaranteed career progression scheme could be a way to attract top performing talent.

4. Asking What Do Finance Professionals Want?

Increased salary and bonuses might not always be a huge influencing factor in getting the finance professional you deserve. Simply asking potential hires what would it take to move to your company could be enough to getting that new hire.

5.Your Company Is a Wise Move

You need to sell your company as wise career move for potential hires. Your company is a place where accountants can grow and develop their career, skillset and experience. If potential hires see this it can build your company’s brand as a place to grow and develop and in time make the recruitment process easier over time.

Attracting new talent comes down to having a specific plan in place, being genuine, honest, authentic, and respecting the role of the accounting and finance professional. Hiring managers need to respect the abilities, skillset, problem solving nature and dedication the finance processionals have. 

For more information on how Martina Quinn can help you find top talent click here.

Our top interview tips for accountants

2022 is shaping out to be a tremendous year in terms of job opportunities for qualified accountants and senior finance professionals.  Remote working, pent up hiring demand with employers and major new multinational investments are providing the perfect environment for career advancement.  However, you got the get through interview processes first, to land that dream job.  

Here are our top interviewing tips to guarantee the best outcome possible

  1. Know your CV = Practice a 5-minute summary

Know your CV inside out, be able to talk an interviewer through your experience from education to current role (practice doing this in under 5 minutes, this will ensure your summary is concise)

  1. Know the employer

Spend 30 minutes on the employer’s website, look at glass door reviews, look at their social media presence, check employee profiles on LinkedIn to see where they come from and how they explain their roles in the organisation.  The more research the better prepared you will be for the ‘what do you know about us’ question and the more informed you will be on whether this company is right for you or not. 

  1. Know the job spec

Get a full job description and if using a recruiter (which we highly recommend) get them to summarise what the hiring manager wants in a nutshell.  Match your experience by being able to provide examples that reflect the job spec requirements

  1. Prepare 5 scenario-based question response

List your top 5 selling points (hardworking, great leader etc) and have 5 examples to illustrate these points.  Make these interesting ‘short stories; that engage the interviewer.  I consider myself a great leader and here is an example of how I turned around a non performing team with low moral in my time in COMPANY X …. Etc.  

Make sure to give a positive outcome (use stats and growth figures where possible)

  1. Arrive 5 minutes early & Dress smart

Always put your best foot forward and don’t be late.  If interviewing by video, have a professional background, clutter free and dress well.  You get 1 chance to impress 

  1. Demonstrate your value

Make sure you sell your sell yourself by demonstrating your relevant experience and why you believe you are a great match to the role and organisation. Ask your recruiter for more support around this

  1. Ask questions (Prepare the 3 most important to you)

Interviews are a 2-way street and you need to know if this is the right role and company for you. Ask about career paths, technology, team plans etc.  

  1. Engage with a Finance Recruitment Agency (specialist)

A great recruiter, free of charge will do the heavy lifting.  They should come to you with options, know the employer, give inside tips, know what the hiring manager is looking for, advise on salary and so on.

Good recruiters prep. Candidates in advance of interviews ensuring the best possible outcome.  Remember it’s a competition to secure your dream roles, a competent finance recruitment specialist can make the difference.

We just happen to know one ???? Reach out to Martina Quinn for expert advice

Candidate-focused in her approach, Martina is passionate about supporting people with their overall job-search strategy.

www.mqrecruitment.ie 

Our 5 Top Tips: How to build your career in Finance

The financial industry can provide a lot of career opportunities, if you are a recently qualified accountant or a seasoned finance professional considering the best career move, research and career planning is a must. Don’t run the risk of taking the next job that comes along because it ticks some boxes right now.  Plan, think about where you want to be now, in 3 years and in 10 years and how you will get there.  2022 is a candidate market, there are huge opportunities for accountants in Ireland with employers nationwide offering remote working and hybrids, so career choices have never been this vast.  

Here are our recommendations:

  1. Network
  • LinkedIn is the ultimate networking tool, you can connect with finance leaders across companies that peak your interest, putting your profile in front of them and engaging where appropriate
  • Now that the world is opening again you should build and leverage personal connections by going to conferences, job fairs and other events that bring finance professionals together are a must.  Reach out talk to colleagues, industry leaders and build that all important networks.  Professional networks often lead to job offers
  • Talk to the best finance recruiters free of charge and ask them to research and find suitable employers and roles based on your unique needs.  
  1. Know your market
  • Build a pool of top employers that are growing, offering career advancement, paying well, offering flexibility, building a great culture and so on.
  • Talk to Finance Recruitment Specialists to get the inside track on top employers in your filed
  1. Improve your skills
  • Identify courses & further education that can help build your career. It’s important to know what employers are looking for and how you can upskill throughout your career to give you the best career options. 
  • Most employers will support your learning and development journey, so ask about this at interviewing stages to ensure your requirements will be met. 
  1. Ask for new tasks
  • Asking to work on new projects, mentor team members, join committees and in general come out of your comfort zone, will serve you well.  The more experience you gain and then bring to the table the bigger your career prospects. 
  1. Talk to a Finance Recruitment Specialists
  • Avoid generalists and speak with recruiters (free of charge) that specialise in finance bringing real expertise and advice on how to form an effective career plan.

Here at Martina Quinn, we strongly believe in transforming lives through the world of work every day to help you achieve your career goals. We offer great advice every day and in short build careers   www.mqrecruitment.ie 

‘Flexibility’ the most important retention tool in 2022

I believe it is, and it’s not just Generation Z that see things differently, the pandemic has turned the world of work on its head and in 2022 most of the job seeking accountants and finance professionals we speak to are looking for a dynamic, flexible work environment.  Offering complete flexibility does not come without risks so employers need to plan what roles can be done remotely, hybrid, on a part time and with flexible start finish basis.

In 2022, there is fierce competition to both attract and retain finance professionals and those that adapt flexibility (with thorough planning) are already winning the war on talent. 

What should employers do?

Business leaders should embrace remote working and flexible hours. Give your employees a little leeway, and they’ll give you a lot of loyalty. Here are my top recommendations on what’s required to offer an effective flexible work environment

Remote workers environment

  • Ask for a speed test screenshot showing wi-fi speeds are adequate (If not source alternative Wi-Fi providers)
  • Is the mobile phone reception adequate (again look at alternative providers)
  • Check that the home office space is free of distraction/noise?  i.e., a professional environment
  • Ensure all equipment, laptops, printers, headsets, desk and seats are just as good as what you have on site in work environment.

Software Management tools

  • Review your CRM and software tools for remote management.  There are endless solutions out there to track login times, KPIs and overall performance.  With the right technology providing you with regular reports, managing performance remotely is not a difficult task
  • For teams collaborating remotely, the most important piece of software I’d recommend is project management system allowing real time collaboration, team tracking, and results oriented reporting

Connecting the team / Team Culture

The biggest issue with remote working can be connecting teams and building an inclusive connected culture 

  • Where possible get the team together weekly or fortnightly to work together, socialise, collaborate and have those ‘water cooler’ conversations with colleagues / managers
  • Have a weekly virtual get together (30 mins – not work related) for teams to chat and ‘shoot the breeze’
  • Ensure continuous training can be done online and via video calls.  Ensuring one to one time and communication via video calls forms part of the day to day where appropriate.  Think of it this way Facebook, twitter and so on is how the world is communicating effectively, why should it be any different in the workplace.  

It’s much less expensive to retain a productive employee than it is to recruit one. For more advice (free consultation) talk to the experts at Martina Quinn. At Martina Quinn, we are highly specialised finance and accounting recruitment consultancy. We find the best people and place them into cultures where they will thrive.

See www.mqrecruitment.ie Finance Recruitment Specialists. 

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