Finance and Accounting Professionals:
Before You Join "The Great Resignation," Consider Consulting
Finance and Accounting Professionals:
The rise of remote work during the pandemic had profound impacts on how people think about when and where they want to work. As the impacts of COVID-19 recede, people across the county are leaving their jobs for a variety of reasons that include moving to lower cost of living cities, finding better work life balance, better bosses, more flexibility, more meaningful work…the list goes on and on.
The pandemic has trigged individuals to rethink what work means to them, and social media is coining this trend as the “Great Resignation.” In fact, 4 million people quit their jobs in April alone and more than a quarter of Americans plan to leave their employer as the pandemic dwindles.
Are you someone who would love to make a major change but are afraid to make the jump because of risk? Before quitting your job to become a yoga instructor or opening up a coffee shop, consider a meaningful but easy transition into consulting. Here’s why:
1. Leverage your existing skills
In a consulting role, you can leverage your existing experience versus jumping into something completely different that you may not even enjoy. We all love baking cookies at holiday time but do we truly want to turn that into a career where we’re working in front of a hot oven at 4am 50 weeks/year? Think about the parts of your job that you enjoy and look for assignments that have the good without the bad.
2. Own your schedule
As a consultant, you can largely decide which projects to take on and when and where you want to work. Many of our assignments cap at 40 hours/week. Others might require 50/week at year end but never are you working 60 hours/week for weeks on end. When you’re a salaried employee, you’re expected to work OT. Clients are frequently budget-conscious, so they monitor hours and OT closely.
3. Enhance your long term marketability
Take on projects to build new skills: new industries, new areas of finance, Publicly held, PE backed, new software. By adding up 2-4 projects over 2 years you amplify your marketability. The highest demand skills continue to be SEC reporting, technical accounting, corporate/GL accounting and for specific software: CostPoint, NetSuite, Unanet, etc.
4. Maximum compensation
“In the 25 years that I’ve been in financial search, there’s always been a market for broadly skilled, finance and accounting talent,” says Andrews & Cole President, Nicole DelToro. Companies are paying a premium that included competitive rates and time and a half for all hour over 40 in one week.
Sometimes dramatic, life altering changes are appropriate, but more often than not, incremental changes are more effective for long term happiness. Rather than jumping out of the frying pan into the fire, consider a middle step that will provide you with consistency while also giving you more control over your work life.
If you are an Accounting or Finance professional with 2-15 years of experience and want to learn more about recruiting contact: recruiting@andrewscole.com
The pandemic has trigged individuals to rethink what work means to them, and social media is coining this trend as the “Great Resignation.” In fact, 4 million people quit their jobs in April alone and more than a quarter of Americans plan to leave their employer as the pandemic dwindles.
Are you someone who would love to make a major change but are afraid to make the jump because of risk? Before quitting your job to become a yoga instructor or opening up a coffee shop, consider a meaningful but easy transition into consulting. Here’s why:
1. Leverage your existing skills
In a consulting role, you can leverage your existing experience versus jumping into something completely different that you may not even enjoy. We all love baking cookies at holiday time but do we truly want to turn that into a career where we’re working in front of a hot oven at 4am 50 weeks/year? Think about the parts of your job that you enjoy and look for assignments that have the good without the bad.
2. Own your schedule
As a consultant, you can largely decide which projects to take on and when and where you want to work. Many of our assignments cap at 40 hours/week. Others might require 50/week at year end but never are you working 60 hours/week for weeks on end. When you’re a salaried employee, you’re expected to work OT. Clients are frequently budget-conscious, so they monitor hours and OT closely.
3. Enhance your long term marketability
Take on projects to build new skills: new industries, new areas of finance, Publicly held, PE backed, new software. By adding up 2-4 projects over 2 years you amplify your marketability. The highest demand skills continue to be SEC reporting, technical accounting, corporate/GL accounting and for specific software: CostPoint, NetSuite, Unanet, etc.
4. Maximum compensation
“In the 25 years that I’ve been in financial search, there’s always been a market for broadly skilled, finance and accounting talent,” says Andrews & Cole President, Nicole DelToro. Companies are paying a premium that included competitive rates and time and a half for all hour over 40 in one week.
Sometimes dramatic, life altering changes are appropriate, but more often than not, incremental changes are more effective for long term happiness. Rather than jumping out of the frying pan into the fire, consider a middle step that will provide you with consistency while also giving you more control over your work life.
If you are an Accounting or Finance professional with 2-15 years of experience and want to learn more about recruiting contact: recruiting@andrewscole.com
Andrews & Cole is a woman-owned search and consulting firm specializing in finance and accounting professionals.
Nicole DelToro has been helping organizations (big and small) hire and retain top talent for over 20 years, while helping individuals realize their personal and professional goals by ensuring they’re working in the environment that’s ideal for their current situation. Contact her at: ndeltoro@andrewscole.com
Nicole DelToro has been helping organizations (big and small) hire and retain top talent for over 20 years, while helping individuals realize their personal and professional goals by ensuring they’re working in the environment that’s ideal for their current situation. Contact her at: ndeltoro@andrewscole.com
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Andrews & Cole, LLC
Accounting | Finance | Search | Consulting |
7315 Wisconsin Avenue, 1225W
Bethesda, MD 20814 301-327-1774 |
Andrews & Cole, LLC is a woman-owned business