COVID-19 Is Teaching Accounting to Get ‘Comfortable With the Uncomfortable’Read the rest of this entry »
In the post-pandemic world, life at successful accounting firms will be very different from what it was just last year.
Partners will be more mentor than boss, engaging with staff in a more personal way than ever before. There will be a new emphasis on leadership and development. The consultative part of accounting will be center stage, as clients look for guidance and help in rebuilding their business. Technology adoption …
Companies Are Finding Virtual Recruiting to Be More EfficientRead the rest of this entry »
It takes a little getting used to, but companies are finding that recruiting executives remotely offers more than enough benefits to make up for the lack of in-person meetings.
“There are many ways where the virtual recruitment is more efficient than what we did before,” said Jacqueline Welch, chief human resources officer and chief diversity officer at mortgage-finance giant Freddie Mac.
She told The Wall Street Journal that Freddie …
Investment Banks May Start Hiring in Q3Read the rest of this entry »
Investment banks are having a strong year.
After taking belt-tightening steps last year and announcing cost reduction plans this year, the coronavirus pandemic and subsequent business shutdowns worried the industry that more draconian action might be coming.
That prospect now is much less likely. Most investment banks had a strong 1st quarter and are on track for an equally good Q2.
Reporting on positive financial news from three of the …
Big Four Firms Starting to Recruit AgainRead the rest of this entry »
After almost two months where hiring at the world’s largest accounting firms came to a near standstill, there are signs the Big Four are again recruiting.
Job posting data from Burning Glass shows unmistakable signs the four firms are beginning to again post job openings.
It’s “green shoots,” eFinancialCareers said in reporting the news earlier this month. “After recruitment plummeted relative to levels in late February, Big Four firms in …
Here's Where to Look For NewsRead the rest of this entry »
In the fast moving world of alternatives, one of the challenges is not just staying on top of the financial news, but trying to be ahead.
There’s no shortage of information. Fund managers employ highly-paid analysts using sophisticated computer programs and artificial intelligence to sift through the firehose of news and data to detect actionable patterns and trends.
But when professionals (and more than a few investors) look for news …
Banks, Asset Managers Begin Hiring AgainRead the rest of this entry »
Amidst a volatile stock market that's seen more ups and downs -- more ups than downs in the last few weeks -- than a roller coaster, more than a few banks did so well in the first quarter some have resumed hiring while their employees are beginning to anticipate year-end bonuses.
"As the pandemic persists, there are signs that banks are biting the bullet and going ahead with interviewing and …
PwC Is Again the 'Most Prestigious Accounting Firm'Read the rest of this entry »
And the award for the “Most Prestigious Accounting Firm” goes to… wait for it… PwC.
It’s the 12th straight year the US branch of the international accounting and business services firm
PricewaterhouseCoopers International has placed first on the annual list of the top 50 prestigious firms.
Produced annually by careers site Vault, the rankings are based on some 10,000 surveys completed by accounting professionals. Among the questions, participants …
Virus Stalls Global IPO ActivityRead the rest of this entry »
IPO activity that was on track to regain the momentum of the first quarter of 2018, may now end 2020's Q1 just slightly better than last year.
EY's quarterly Global Trends Report says the quarter ending today will show no more than 235 IPO deals. Better than 2019's 211, but far short of the 323 reported in 2018. The dollar value also pales in comparison: $28.5 billion this year versus …
Security a Concern For Accountants Working RemotelyRead the rest of this entry »
As the coronavirus continues to spread, a growing number of companies are telling employees to work from home.
While it is one way to avoid exposure to the virus, remote work presents a unique set of problems for companies unprepared to conduct business entirely or even partially over the internet. Besides the potential for overtaxing in-house systems and inadequate connectivity at home, cybersecurity concerns present an even greater concern. With …
4 Strategies For Hiring Accountants This YearRead the rest of this entry »
As far back as 2013 Forbes published an article headlined "Why Accounting and Finance Pros Are So Difficult to Hire." The only thing that's changed since is that accountants will be even more difficult to hire in 2020.
"That’s more of a statement than a prediction," says Accounting Today, recommending a few strategies for recruiting professionals in this highly competitive market.
Before we detail these -- you've …