Industry jobs for the select few

Article Abstract:

Employers are increasing their recruitment of newly-qualified chartered accountants with relevant commercial experience. According to recruitment agencies, tight competition for the services of such accountants has led to substantially higher salary offers for those with the relevant background, with those with two to three years industry experience being offered jobs that pay as much as 31,000 and 35,000 pounds sterling. Newly-qualified chartered accountants without industry expertise, however, are not so lucky. Most are encountering difficulties in moving to the industry sector, mainly because employers seem unwilling to train those whose experience is limited to financial reporting duties in practice positions. More senior charter accountants wishing to move to industry are also encountering similar difficulties, with the few opportunities available being restricted to those with audit experience with large clients.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services

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Taxing time for job-seekers

Article Abstract:

Good jobs are still available to chartered accountants with the proper specialist skills and knowledge. Although the opportunity is not always available, companies are looking for accountants with specific skills in corporate tax, remuneration and compensation. Furthermore, the salaries of these tax specialists have become increasingly performance-related which explains cases of wage increases over the inflation rate. Surveys by the Federation of Recruitment and Employment Services show that the market for applicants with a generalist knowledge has shrunk in London and the South East but not in the Northern region. Also, as unemployment increases in 1992, perception of candidates that were put on redundancy have improved because these accountants are normally highly skilled and people with jobs are preferring to maintain their current work.

Tax consultants

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Out of the exam room and out of work

Article Abstract:

A large number of newly-qualified chartered accountants in the UK are finding themselves as part of the redundant sector of many companies. This phenomenon stems from the increase of newly-qualifieds entering the market while the demand for them is simultaneously decreasing. As redundancies escalate, salaries and benefits are either being cut or being frozen, with compensation decreasing by as much as 4.5%. These newly-qualifieds, however, are not surprised once they find themselves in the position of being redundants. They have come to expect it as part of the current economic stagnation. According to outplacement agencies, it may take an average time of three to six months before redundants land another job, usually in the field of financial services, commerce and industry.

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