Welcome to Equis Staffing's Career News section. Our mission is to continue to provide education through thought leadership and inspire our readers with new ideas.
In an era where the IT labor market seems only to be shrinking, finding innovative ways to attract and retain top talent is essential. This includes not only seeking out highly skilled professionals and offering them fair salaries, but also creating an environment that is productive and conducive to employee satisfaction.
Regardless of the size of your business, accounting functions are an important factor of your operations. Every company in every industry requires money to operate and are taking in revenue to support the business. Being able to track past expenses and plan for future needs is critical.
Initially, small business owners may attempt to handle these tasks on their own, but may quickly become overwhelmed if it isn’t their area of expertise. Others use one- or two-person accounting teams in the beginning, but don’t always know when the right time is to scale up that portion of their operation.
Already, artificial intelligence (AI) is changing the accounting industry. Automation tools are becoming increasingly capable of performing transactional and recordkeeping tasks, reducing the need for accountants to manage these critical functions.
While many of these initial changes have the biggest impact on entry-level workers, potentially eliminating their positions, accounting leaders also need to adapt as AI and machine learning technologies become more ingrained in the industry.
Over time, it’s quite common for business analysts to desire a different career path. Maybe you were originally passionate about the field, but have become burned out. Perhaps you’re feeling stagnant in your career, or you are simply looking to take on more of a leadership role as part of a technical team. Regardless of the reason, a change in career path also serves as an opportunity, a chance to head in a new exciting direction. If you are a BA considering making a move into project management, focus on these core areas to facilitate the transition.
On the surface, offering lower pay rates is an effective cost-saving measure. After all, personnel salaries take up a lot of any company’s budget, often making it one of the first budget lines to reduce. However, in the long run, you rarely come out ahead. What could low pay rates cost your business in the long run? If your pay rates are low, you can expect vacancies to take longer to fill and your retention rates to suffer. Additionally, you may incur more in recruitment and hiring cost as a result of turnover and the time required to find suitable candidates for open positions.
In the worlds of project management and software development, Agile was a game changer. Leaders in the technical space needed a methodology that reduced the excessive documentation and unnecessary steps introduced with processes like waterfall. Agile provided IT professionals with a nimbler methodology to enhance their efforts, increasing project success through the emphasis on cross-functional teams and the embracing an iterative approach. While many IT professionals encounter Agile over the course of their career, not everyone chooses to acquire an Agile certification. By taking that step to further your education, you can make yourself a more valuable employee or job candidate.
As artificial intelligence (AI) becomes more capable, more employees will see a portion of their duties shifted over to technology-based solutions. Not only can machines be more cost-effective in many ways, but they may also achieve higher accuracy levels, leaving many accountants and tech professionals wondering how their jobs will change in the future. While automation is guaranteed to impact the accounting and tech sectors, that doesn’t mean people aren’t a necessary part of the equation. If you are wondering whether your position could be changed – or even eliminated – by technology, here’s what you need to know.
While many people use the terms boss and leader interchangeably, they don’t necessarily reflect the same concept. You can be a boss without being an effective leader, depending on the traits you exhibit. Do you focus solely on your employees’ ability to complete tasks, or are you a resource to help them grow and learn as professionals, helping them do their job better? If you are wondering which category you fall in, here are five questions you should ask yourself.
When you write a resume, focusing on your accomplishments is a major bonus. Hiring managers want to see more than just a laundry list of your skills and, by providing details about your achievements, you can highlight results you’ve generated rather than your level of competency. Writing an achievement-based resume that cuts through the clutter can seem daunting, but it may be simpler than you think. When you are ready to get started, here are three steps to follow.
When you work with an accounting recruiter, having a solid relationship is a must. This ensures they fully understand your needs, allowing them to make better matches for your vacant positions. If you want to maximize your relationships with accounting recruiters, here are five ways to do just that.
If you want to differentiate yourself from your competitors, offering an outstanding client experience should be a priority. Making sure your employees are providing a high level of service might not be a topic that is reviewed often. Nevertheless, it is crucial to your business to make sure your employees are engaged with their work and having a great experience – which translates into better services provided to your clients by your employees.
Crafting a great client experience does require some level of diligence. Accountants working in a CPA setting are going to have an ongoing relationship with clients, and the need to build a relationship as a trusted advisor who’s always looking for areas for improvement is critical. Once your CPAs are comfortable with the process, it becomes second nature.
When new technologies that could potentially handle tasks currently managed by people emerge, being fearful is common. Many worry that massive job losses are on the horizon, especially as artificial intelligence (AI) gains a stronger foothold in a wider range of industries. However, AI could also be the key to great advances, and not all of them result in layoffs. In fact, if the technology is steered properly, it could create more opportunities, not less.