Saturday, March 14, 2020

How to Market Your Accounting Skills - Your Career Intel

How to Market Your Accounting Skills - Your Career IntelThe competition for specialized accounting talent is heating up across the country, including Houston. A shrinking talent pool coupled with growing demand is making recruitment mora challenging for companies, driving some to offer higher salaries and more competitive benefits. If youre looking to parlay your skills into a new position with a higher salary, theres no time like the present.Having the right skills and experience, however, is just part of the equation. Think of Liam Neesons classic line in Taken What I do have is a very particular set of skills, skills I have acquired over a very long career. Neeson certainly wasnt afraid to use his skills as leverage for a better offer, and you shouldnt be either.While your specialized skill set may not be quite the same as Liam Neesons, just like in Taken, what matters most is how you leverage these skills. Effectively showcasing your skills can make the difference between multipl e competitive offers and fewer, less attractive options.Job candidates with strong auditing and analysis backgrounds can position themselves for success by doing the following1. Highlight how your skills, certifications and experience benefit your employer.Companies are actively seeking professionals with public accounting experience at a mid-tier or Big 4 firm along with specialized experience in manufacturing or health care. Certifications like the CPA or CIA (Certified Internal Auditor) are a must. Listing these skills is just the first step, however. You need to explain how youve applied these skills and certifications to benefit your current employer and add value to their business.Have you reduced a process time, identified a cost savings impacting EBITA or started or grown a division? Put these accomplishments front and center on your resume. Even if you have less experience, you can still highlight examples of how you brought value to your kollektiv and organization. For exa mple, maybe you created a new Excel template to streamline internal processes that other departments adopted. Connect the dots for hiring managers so they can easily envision the value youll bring to their companies.2. Benchmark your successes.Whenever possible, quantify and contextualize your success. How much did you save in terms of reduced time or reduced costs compared to previous time or dollars? How quickly did you grow a startup or new division to profitability? For example, maybe you automated a process that reduced the month-end close process by one day or applied a GAAP principle that resulted in a three-cent increase in per share earnings. Quantifying and contextualizing success gives hiring managers a benchmark for evaluating your accomplishments and how you might impact their business.3. Tell your story.Successful interviewing is the art of great storytelling keep your anecdotes short, specific and memorable. State the problem, your solution, and then quantify your suc cess. Practice telling your story out loud and time yourself. The story should take no longer than two minutes to relate and still cover all the main points. Accountants are pretty detailed by nature its our job, after all, to pay attention to those details but sharing extraneous information during an interview can actually detract from your main message.4. Dont overlook intangible skills.Its not just accounting skills that are in high demand. Hiring managers are seeking accountants with strong leadership and communication skills and theyre willing to pay top dollar for talent with a proven track record. Approach both your resume and the interview process as opportunities to demonstrate these skills. Finally, consider the company culture of the firm where youre applying how do your intangible skills speak to the companys values? For example, if a company is known for its gruppe-oriented environment, address how your leadership will not only drive success for that company but also empower everyone on your team to succeed.Todays competitive market favors job seekers with specialized accounting skills, but these skills will only get your foot in the door. If you want to maximize your earning power, you need to show hiring managers how these skills will benefit their companies, and then back up this assertion with a clear track record of success.

Monday, March 9, 2020

13 Ways to Survive a Major Organizational Change at Your Company

13 Ways to Survive a Major Organizational Change at Yur Company Its Thursday morning. Youve been rocking your week youre finally feeling in a groove after being at your company, or in your role, for less than 12 months. And its not just at work youve gotten your commute time down to a science, things have been calm and easy and effortless at home. Your attitude is opening up doors youre excited about a meeting next week in which youll be presenting to your senior leadership kollektiv, something that you were never allowed to do at your previous job with that micro-managing anfhrer Overall, youre feeling just good and solid in this role and wherbeie you are in life.Then it happens Just before you start your Thursday ritual of asking your neighbor where you should head out for lunch you and your team get a vague Team Update meeting set for 3 p.m. that afternoon.That afternoon you come to find our that you team is moving under a new VP, or maybe the department is being restructured en tirely. Maybe your babo you who LOVE is moving to a different team. Maybe your project is being put on hold and that upcoming senior leadership meeting is canceled until further notice. Your day-to-day work might change as people in your office are shifting around or a business strategy takes a turn. Change could break the status quo of your company, but change initiatives are usually intended for organizational development or positive culture change.Maybe youve known this kind of organizational change and development was going to happen for a while. Or maybe the planned change is a complete surprise to you, and you dont like your new day-to-day operations. Either way, change in organizations happens to the best really all of us and way mora than wed like.So theres no point in trying toresist change. A resistance effort is futile, butreadiness for change can prove invaluable foremployees.So how do employees navigate the seas of organizational change and change strategies of a comp any? Here are 13 things you can do to learn, grow, and come out fromchange in organizations sharper and stronger.1. purple drank on a friend at work or outside the office (like, a real friend). If you have someone who you can fully trust feel empowered and allow yourself to become vulnerable to this person. If you dont have someone at work consider using this as a moment to work to get closer with your colleagues its unlikely that will build a strong foundation of trust overnight so find a person who you can share your thoughts, concerns, and feelings with. Organization development, culture change and changes today-to-day operations can be tough, so lean on someone for support. You may also want to consult ahuman resource representative if the planned change to theorganizational culture or the newstrategy is unbearable.2. Be positive. Change initiatives arent easy to swallow always. Sometimes a human resource representative can help you navigate the organizational change process, bu t you need to keep positive about organizational change and developmenta. Maybe you are frustrated because your personal growth is stalled or a project has been back-burnered or youre now existing under a VP who you simply dont see eye-to-eye with or youre just having difficulty managing change. Thats often an unfortunate result of restructuring/organizational development and can make venting or whining or simply being negative really easy. Thats what your trusted close friend is for to everyone else you must be positive. The worst thing you can do, I repeat, the worst thing you can do during a reorg is to be negative constantly.3. Create multiple channels to stay plugged into.One of the things people struggle with the most during an organizational change is communication and flow of communication. One of the best ways to manage this is to have multiple channels to share and receive information. Leverage your manager and direct reporting structure but dont discount the information t hat your partners in operations, marketing, or IT have with regards to the organizational change process and your day-to-day work. This is a great place to lean even more on those friends or closer colleagues, but you dont have to be best buds with someone to exchange information during a change. A simple question of, Hows your team managing this change?or How are you doing with all this change? can unlock a wealth of information.4. Ask questions. If your company is implementing change, you should ask questions. Along with those partner teams, in general this will be a time during which youre going to have a lot of questions. You should feel empowered to ask them. But do so at the right time. Sometimes its in the 50-person meeting, sometimes its at 815 when you run into your manager popping her lunch into the fridge. Feel it out. Successful organizational change only occurs when everyone understands whats going on.5. Listen to answers. Regardless of if youre asking at question over coffee or when your boss seems to be in an open mood or to your close friend in sales department, asking a question is no good if you dont listen intently to the answer. Overall, listening is truly an underutilized skill in the workplace and it can be incredibly powerful when things are in transition. But its not just something to be aware of when youre trying to get some insight to when your team will have a new leader, listening to how someone answers anyquestion is particularly powerful during times of change. Everyone is going through this change not just you. Theres immense power in giving someone the space to process and verbalize their thoughts on a topic and not rush them through a response by sharing your thoughts immediately.Part ofhaving areadiness for change and change strategies means being ready to listen and better understand the goals for theorganizational culture andorganization development.6. Learn about the company.Timesof change create good moments to refresh yo ur understanding of your organization since, after all, it may have evolved since you were researching its values during your interview process (you did that right?) Take a moment to ensure you understand a few basics What your companys key priorities are, how it makes money, and what matters most right now. Listen to earnings calls if your company reports them (and dig a few quarters back to get a 12 month+ view), spend time on your companys intranet, and research your companys top hits on the News sections of search engines. Managing organizational change means knowing your company well.5. Learn about your industry. Your immediate world and organization might be changing but what about your industry? Are other shake-ups happening? What are key experts predicting for the next five or 10 years? (You know a few experts in your industry, right?) Youre probably started to follow your company on Twitter and via News Alerts before your interview (if youre not, get on that) but add in com petitors and thought leaders to the mix, stay up to date on mergers and acquisitions that might be impacting the landscape, also figure out what other industries may impact yours and keep an eye on those (Hint Tech impacts everything) Managing organizational change also means knowing your indsutry well.8. Have compassion. Organizational changes are difficult for everyone, not just you. This includes your manager, your VP, and their bosses. Be sensitive to the fact that everyone might be a little on edge or confused.9. Tune into whats changing but dont push every step of the way.Dial up your senses, tune into conversations, ask good questions, but all with that compassion--know when to not ask a question or accept it when your manager says, Look, I want answers too but I simply dont know. I dont think well get anymore information until next month. Back off, keep charging ahead on your own tasks, and follow up next month.10. Get comfortable with self-promotion. Before you run off to c harge ahead on your work, make sure youre making it clear to your manager and superiors what this work is and the value youre adding. If youre not comfortable highlighting your accomplishments, a transition is a great time to refine this skill. Dont perceive this as you being on the chopping block, but do be aware of portraying yourself in the best light possible. To achieve this you need to ensure your manager knows what it is that youre doing. Do a bit of self-promotion and obere extremitt her with short sound bites that she can take into those meetings. Tip Always try to ladder up your results and performance to align with the companysor your departmentsgoals.11. Get involved in a horizontal side-of-desk project. For some organizational changes mean extra work, for others it may mean that work slows or seems to stop altogether. One way to proactively spend your time so that youre still making an impact is to get involved in a project or a team that isnt 100 percent related to you r day-job. Feel it out with your managersometimes bosses like to be looped in beforehand if this will take any time from your 9-5but things like recruiting for your alma mater, getting involved in a diversity group, or leading a team volunteer event can really help make you stand out and make a transition more comfortable.12. Understand HR policies.Ever feel like 6 months into a role you realize that you dont know the severance policy or how much PTO youll get paid out should you decide to leave? Youre able to ask these questions whenever you like, and many companies have online portals that you can find this information, but lets be real it can be awkward to ask about HR policies and sometimes the portals are difficult to navigate. This is where an organizational change can create an interesting opportunity. You can ask for a refresher in light of all the changes and specifically ask to connect with HR to be sure you understand all the policies.Again, you can ask these things any d ay of the year but sometimes we get stuck behind our human concerns and emotions and not wanting to suggest anything. Asking questions amidst a change can sometimes feel easier since theres a reason for the refresher.13. Trust your gut. Well all face many restructurings in our careers. Sometimes the changes are fantastic, sometimes they result in poor outcomes, sometimes theyre somewhere in the middle. If you have a gut feeling about something or someone tune into it. Only you have your own vantage point so only you can make the right decisions for how to navigate a situation. Tune into your feelings and instincts, talk with someone if you need to, and make decisions based on your needs, wants, and desires.You cant often control when, how, and into what your company changes though you can control your reaction and if you are conscious of yourself you might be able to help influence the outcomes for the better of everyone. So ask great questions, listen intently, tune in, trust your gut, and youll come out on the other side of this one too.--Jane Scudder is a certified leadership and personal development coach she helps individuals and groups get unstuck. She builds and leads original workshops and training programs, consults with organizations of various sizes, and is Adjunct Faculty at Loyola University Chicago. Find out more atjanescudder.com.