Charity Times - Tuesday, 19th June 2018
REGULATION Government criticised over rule-change delay for charities A number of accountancy bodies have written to Matt Hancock to express their concern about a delay in updating charity accounting rules in England and Wales, which is causing “unnecessary confusion and regulatory complication”. The ICAS, ACCA, CIPFA and ICAEW are calling for the reform of charity accounting rules in England and Wales to now be made as a matter of urgency and have written to the secretary of state for Digital, Culture, Media and Sport to express concern about the UK government’s continued delay in updating the charity accounting regulations applicable in England and Wales. They are concerned that the 2008 Accounting Regulations have not been updated to refer to the Charities SORP (FRS 102), meaning that some charities are required by law to comply with the out of date SORP 2005. They say that the SORP 2005 is based on accounting standards which have now been withdrawn by the Financial Reporting Council, so the charities affected are now in the extraordinary position of being required by regulation to comply with outdated accounting rules. According to the Charity Commission, in its 2016 publication Charity reporting and accounting: the essentials, not for profit organisations can overcome the issue by using the principle of a ‘true and fair override’. Accountancy Daily Regulator freezes accounts of Jewish poverty charity The Charity Commission has launched a statutory inquiry into a Jewish Orthodox charity and frozen its bank accounts amid concerns about potential conflicts of interest. Combined Funds Limited, which was set up to advance Orthodox Judaism and relieve poverty, was the subject of a compliance case last year in response to concerns that it had been operating for a long time without registration. Regulatory concerns over governance and administration that arose during the registration process have now led the regulator to make an order under Section 76 of the Charities Act to the charity’s bank, restricting any application of the charity’s funds without the prior written approval of the Commission. The charity’s registration application is currently on hold pending the outcome of the inquiry. Separately, the Charity Commission is investigating Asthan Babe Ke Trust, whose objects include advancing the Sikh religion and the relief of poverty, about “serious regulatory concerns that the charity has not been properly managed by its trustees, as a result of an internal dispute”. Civil Society Third Sector Charities want regulator to help solve sleep-in care crisis A group of 34 charities and other organisations want the regulator to lobby government on the sleep-in back pay crisis facing social care charities that some say could cost the care sector £400m. Organisations including the National Council for Voluntary Organisations, Learning Disability Voices, a coalition comprised of over a fifth of the providers of UK care services to people with learning disabilities, and VODG, which supports more than 1 million disabled people in the UK, have written to Charity Commission chair Baroness Stowell urging her to take action on the crisis. “Since the government has the statutory duty to fund care services for the most vulnerable through the Care Act, and given that they have never funded sleep-in shifts at the National Minimum Wage rate, if they do not act now it will be charities who are left to pick up the government ’s tab . . . Smaller charities will likely be forced to close their doors permanently – effectively abandoning vulnerable people. This is a matter of public interest," write the signatories. Charity Today Civil Society Third Sector LEGAL Animal charity in row with whistleblower The League Against Cruel Sports is locked in a legal dispute with a former employee who claims he was dismissed for revealing that its pension fund invested in companies that have been involved in animal testing. Jordi Casamitjana, who left the charity in April this year, is crowdfunding to raise money for legal representation. He hopes the case can be used to add ethical veganism to the beliefs protected under the UK Equality Act. In a statement posted on the League Against Cruel Sports website, interim chief executive Andrew Knott denied Mr Casamitjana was dismissed for whistleblowing about the pension fund. "The reason for his dismissal is different from that which he states but clearly this is confidential information which we are respecting,” Knott wrote in the statement. The Observer Third Force News TECHNOLOGY Charities will be profoundly affected by A.I. A new research paper from the Charities Aid Foundation (CAF) examines how artificial intelligence (A.I.) will have wide-ranging and “profound” implications for civil society. Rhodri Davies, head of policy and programme leader for the Giving Thought thinktank at CAF, says the technology will offer “new ways of achieving mission,” change civil society organisations' governance and internal processes, and present new challenges for society including malicious fake news and algorithmic bias which perpetuates discrimination. Mr Davies says the challenges posed by A.I., as outlined in Machine-Made Goods: Charities, Philanthropy and Artificial Intelligence, may mean a need for additional support from funders and infrastructure bodies, as well as from government and the technology industry. Civil Society Charity Digital News FUNDRAISING Charity's simple methods achieve a great deal Meryl Davies, the chief executive of Contact the Elderly, speaks with Charity Times about how the organisation achieves much using simple methods. The charity helps isolated older people meet each other regularly and make new friends through a network of around 11,000 volunteers who host monthly tea parties for older people on Sundays. “The organisation has continued to diversify its funding sources, without over-diversifying,” notes Davies, adding “As a small organisation you have to be fairly focused. You can’t have all the fundraising streams going when you’ve only got a small fundraising staff." Charity Times EVENTS The importance of Small Charity Week Pauline Broomhead, the co-founder of the FSI, a charity she set up with Emma Harrison focused on providing small charities with the best learning opportunities to secure a sustainable future, writes for Civil Society about events taking place during Small Charity Week 2018 (June 18th - June 23rd) and why it is important to celebrate smaller charities and community groups. She writes: “It’s vitally important after eight years of cuts when councils are increasingly prioritising their diminishing resources on statutory services that the most vulnerable have access to a broader range of support . . . For the most part, it’s small and local services run by small and local charities and community groups that provide this vital link in the chain for those in need." Civil Society CAMPAIGNS Schools providing pupils with toothpaste and soap A survey carried out by In Kind Direct shows that one in three teachers are providing pupils with products such as toothpaste and soap, while 80% of primary school teachers have seen a rise in the number of children arriving at school unwashed or not looking presentable in the last five years. Across the UK, 18% say they intervene on a weekly basis – with the rate as high as 50% in London. Nicola Finney, headteacher at St Paul’s Primary School in Stoke on Trent, says buying basic hygiene products for pupils is becoming part of year on year budgets, adding: “Staff are even buying extra bits to distribute it to families when they go shopping.” Daily Mirror The Independent Recycling can be rewarding New “recycling reward” machines are due to be installed at Maidstone services in Kent this week which will issue 5p vouchers for empty plastic bottles and coffee cups. The trial is being run by environmental charity Hubbub and is backed by 13 Kent local authorities, Highways England, Shell, Costa Express and Roadchef. The machines will be introduced at dozens of other service stations if they prove effective in reducing the amount of litter in the area. Daily Mail John Lewis trialling buy-back clothes scheme John Lewis is trialling a buy-back service for customers’ unwanted clothes to help reduce the 300,000 tonnes sent to UK landfill each year. More than 100 customers are testing the scheme that allows them to sell clothing back to the department store, regardless of its condition. Martyn White, sustainability manager at John Lewis, said: “We already take back used sofas, beds and large electrical items such as washing machines and either donate them to charity or reuse and recycle parts and want to offer a service for fashion products.” The Daily Telegraph The Guardian The Times Daily Mail More litigants in need of a lawyer Staff at the Personal Support Unit charity, which advocates on behalf of people embroiled in civil court proceedings who cannot afford lawyers, say the numbers they see needing help are multiplying. The charity says more than 240,000 "litigants in person" have been aided in the past five years. Yorkshire Post INTERNATIONAL End of the road for Granny’s Finest Netherlands-based non-profit Granny’s Finest is to shut down production after seven years of selling hand knits to the Dutch consumer, according to reports. In a letter to knitters, the company said that it had been advised to file for bankruptcy. Granny’s Finest was established in 2011 with 20 knitters – the idea was to give people living in pensioners homes something to do with their days and to counteract loneliness. Dutch News OTHER Northern Ireland primary wins award A rural primary school in Northern Ireland has been named as the NSPCC’s school of the year at an awards ceremony in London. St Columb’s Cullion school in Desertmartin was nominated for the title by NSPCC Schools Service Advisor Lisa Norris for their work with the charity. Belfast Live
My previous guest blog for Pro-Recruitment focused on mental well-being. There is a lot of focus on this area and rightly so. The physical side is just as important, but messages about that get lost in a sea of: “exercise more”, “eat less”, “walk 10,000 steps a day”. There is a lot more to physical wellbeing. Last month I ran a workshop at Work Life, a co-working space for entrepreneurs in Farringdon, on the links between mental and physical wellbeing. Just some of the areas we covered were sleep, blue-zone diets and finding meaning in a crazy world. So a little more about all those: Sleep Most of us don’t get enough sleep, when life gets busy we carve time out of our sleeping hours and force ourselves to stay awake longer than is good for us. And there are those who get very little sleep and wear it as a badge of honour. The problem with not getting enough sleep is that it impacts our mood and performance – all kinds of performance, not just at work. It’s hard to focus on learning goals or fitness goals if you’re exhausted. And it even impacts our relationships – it’s hard to get along with people if you’re under-slept. So how can you check if you’re over-tired? Answer these questions and score yourself 0 – if your answer is rarely/never 1 – if your answer is sometimes 2 – if your answer is most of the time/always Do you wake up feeling refreshed? Do you wake up at the same time every day without an alarm? Do you fall asleep within 30 minutes every night? If you get 6 out of 6 then you’re doing great! If you’ve got less than 6 then all that means is there are changes you can make. And those changes might make a significant difference to how you feel during the day. - Go to sleep in total darkness - Get morning light before you settle down to work - Set a bedtime routine to relax you before bed - Reduce emotional tension before bed – from the programmes you watch to the conversations you have - No caffeine after lunch - Stop monitoring your sleep with apps and smartwatch – there are increasing numbers of people driving themselves to anxiety by monitoring their sleep using devices that aren’t medical-grade. Trust your own sense of self and levels of tiredness rather than relying on apps. Blue-Zone Diets There is so much conflicting information about diets. What works. What doesn’t? The reality is all our bodies are different and will respond in different ways. There are 6 areas on the planet where the proportion of people who live past 100 years old is 10x higher than the average. And in good health too, with lower levels of degenerative disease. None of them are following a fad, all the areas exhibit different diets. Some eat more fish than others. Some eat more carbs than others. These are the blue-zone diets. But there are some broad principles which are consistent between them all. - Eat with family or friends where possible - Less consumption of meat - Less smoking - Eating a high proportion of legumes - Constant and moderate physical activity - Social engagement What can you do try to improve the quality of the food your eat and how your body processes it? - Denormalise sugar & change your taste-buds – sugar is addictive - Eat 5 portions of vegetables, restrict fruit and fruit juice (think of all the sugar!) - Micro-fasts to make your body work harder at using fat stores and to give your engine a rest from always having to digest food. Finding meaning in a crazy world Action For Happiness is a fantastic organisation – its aim is to bring more happiness into everyone’s lives. And to do that sometimes we can make a big difference by taking small steps. Every month they release a calendar with little tips on what you can do that day to carve out a moment or two of joy. Find out what you can do today by checking out their calendar for June! http://www.actionforhappiness.org/joyful-june I hope you enjoy trying out some of these changes. Send me a tweet to let me know how you get along! @teamconvergent Heeral Gudka is the founder and director of Convergent Consulting, with expertise in helping leaders create inclusive environments and work in a manner that motivates themselves and those around them. She set up her coaching business after 15 years in the insurance industry, experiencing first-hand the impact that intelligent and genuine leadership has on people, and also the impact of poor leadership on productivity and morale. Heeral has worked with SAGA, Tandem, Argenta, Conyers, Dill & Pearman; Freisenbruch-Meyer, AON Bermuda, The Bermuda High School and CCS Group.
4 Takeaways From Our What Is The Next Step For Your Finance Career Webinar
I would like to thank everyone who joined us for Pro Finance’s latest webinar about Your Career in Finance, and a special thanks to our panel speakers, Jamie Cassell (Saffery Champness), Grant Lee (PWC) and Darsh Shah (Adler Shine) for participating. I think I can speak for everyone when I say it was an entirely beneficial event, and it was a real pleasure to listen to the advice and experiences of three industry-leading Partners within the world of practice! For those who missed out, not to worry! Below I have summarised the key points from the webinar, covering Specialisms, Firms, Career Advancement and Career Progression. 1. SPECIALISMS Darsh Shah (Adler Shine) began his career in Audit, however, benefited from the internal secondment opportunities within Corporate Finance and Not for Profit. Now he is able to keep his fingers in all the pies, so to speak, assisting Adler Shine’s Corporate Finance team as well as acting as Audit RI! Grant Lee (PWC) also highlighted the difficulty in making Director or Partner without having done a secondment into another line of service or territory. Saffery Champness offer their staff broad client exposure, and Jamie Cassell encourages his staff to focus on a couple of sectors they have a strong presence in, as they move up the promotional ladder. The verdict: Grab those opportunities to gain exposure to different service lines and specialisms, early on! Afterall, another string to your bow can only further your career later on in your finance career. 2. FIRMS All three of our guest panelists came from such different backgrounds and trained and worked in firms of varying size - each of them having their own individual merits. The Big 4 not only offers global reach but can provide alternate career paths internally. A Top 20 firm such as Saffery Champness offers a gratifying and varied workload with a broad range of sectors and client contact early on in one’s career. Finally, a “big little award-winning firm” such as Adler Shine allows you to have direct say on strategy and growth due to the close Partner group. The verdict: Decide on where you gain most job satisfaction. Is it in the variety of the work? Is it the potential to move service lines or for international travel? Or do you want to directly contribute to a firm’s strategy? 3. CAREER ADVANCEMENT It was great to hear how seriously firms are taking career development, offering counselling managers, yearly appraisals, a dedicated Learning & Development department for high-quality training and CPD support, as well as the very important; salary reviews! The verdict: Make the most of your firm’s excellent training and development facilities. Accountancy practices are eager to develop their staff and help them reach their full potential quickly – so make sure you have clear objectives laid out in your appraisals and a strategy of how you are going to reach these goals! 4. CAREER PROGRESSION In order to progress and be a success, love what you do! If partnership is your long-term goal, ensure you engage in Business Development early on to get a true taster. Motivation is the key factor and having a passion for what you do – by going the extra mile people will notice you and in turn truly support your career ambitions and help you to reach them in a desirable time frame. The verdict: Differentiate yourself from your peers with your diverse experience through secondments, and never be overlooked for a promotion again! A career in finance offers an abundance of different paths you can follow, from sector specialisms to crossing service lines. Each firm has its own merits, whether it is a Big 4 or a smaller, strong independent and just remember in order to succeed it’s important to love what you do. Take advantage of professional development your firm can offer you, and if you think you’re not getting enough out of your current role - make that change today.
What Is The Next Step For Your Finance Career Webinar- Recording
Thanks to everyone who joined us on What Is The Next Step for Your Finance Career Webinar. We received some great questions from you all, we didn't have enough time to respond to all of them, but look out for further articles from Tom Eagle, who will look to share further insight into finance career paths. Keep the questions coming in, we'd love to hear about which topics you'd like us to explore going forward Share your thoughts >> If you missed it the webinar - you can view it here: If you would like a copy of the slides, they can be viewed HERE
Charity Times - Tuesday, 12th June 2018
FUNDRAISING New rules for online platforms New rules and guidance for online fundraising platforms published by The Fundraising Regulator require them to be more transparent. The new standards affecting platforms such as JustGiving mean that online fundraising platforms will have to meet the same levels of transparency as other organisations associated with giving. Stephen Dunmore, the regulator's chief executive, said: “There was a very generous public response to the high-profile incidents in London and Manchester in 2017 but in some cases, questions were raised about how the money raised through crowdfunding pages would reach the people that donors wanted to help where they had not named a charityto receive the donations. We have worked collaboratively with the online platforms to update our code and develop guidance to ensure fundraising through these channels is transparent and lawful." Necessary changes must be made by the end of August. Civil Society Charities will need help with transition to lower cash society The Charity Finance Group and the Institute of Fundraising are calling on the government to work with the sector and ensure charities are supported with the transition to a society in which people use less cash. Both bodies have submitted written responses to HM Treasury’s consultation on digital payment technologies, which closed last week. The Charity Finance Group noted the potential impact on small charities in its submission. “According to the Charities Aid Foundation, 'loose change' donations are worth around £320m a year. 1p and 2p coins and therefore worth millions of pounds to the charity sector, and many small charities will be dependent on the giving generated through this loose change,” it said. Civil Society REGULATION Look to the cloud for compliance help A new cloud-based platform seeks to support charities with governance and compliance by providing the means for assessment and management of performance and identifying where improvements are required. The Charity Excellence Framework platform creates a unique model for each charity, based on size, location, role and activities. There are eight diagnostic questionnaires and reporting via a dashboard tracking more than 20 key metrics. Reports are optimised for specific priorities. Founder Ian McLintock said the platform is "easy to use, low workload and low cost" and "Revenue from it will fund even more ambitious plans.” UKFundraising Regulator probes possible losses at charity The Charity Commission has launched a statutory inquiry into Mountain of Fire and Miracles Ministries International amid concerns about potential losses, after the charity, whose objectives include the propagation of Christianity through channels including seminars and conventions, repeatedly failed to file financial information on time and two sets of accounts were qualified by its auditors. Accountancy Daily LEGAL Bible Society fined over data breach The Bible Society has been fined £100,000 over computer security failings that allowed hackers to access the personal details of more than 400,000 supporters. The Information Commissioner's Office (ICO) said the details of supporters - including addresses, phone numbers and bank details - were compromised by attackers who guessed the “weak password” of one of the charity’s databases. Steve Eckersley, head of enforcement at the ICO, said: "The Bible Society failed to protect a significant amount of personal data, and exposed its supporters to possible financial or identity fraud . . . Our investigation determined that it is likely that the religious belief of the 417,000 supporters could be inferred, and the distress this kind of breach can cause cannot be underestimated.” The Swindon-based charity says no supporter donations will be used to pay the fine and it will use funds generated in other ways, includi ng sales and investments, to pay the penalty. A Bible Society spokesperson said: “We remain vigilant regarding cyber security threats and have taken all possible steps to ensure that the risk of a future breach is minimised.” Financial Times The Daily Telegraph IT Pro Portal Third Force News Third Sector Civil Society Hospice's reputation damaged by fraudster The impact of fraud by a hospice chief executive has been detailed by the charity's chair of trustees. Graham Leggatt-Chidgey, the former chief executive of Butterwick Hospice in Stockton-on-Tees admitted spending more than £90,000 of the charity's money on designer goods. Judith Hunter said the hospice has seen a reduction in fundraising and donations of £100,000 since Leggatt-Chidgey's arrest. She did however say: "On a positive note . . . following the court appearance last month, the community sense of outrage is now turning into support for the hospice." Leggatt-Chidgey, described in court as a "skilled fraudster," was jailed for four years. Northern Echo BBC News CAMPAIGNS Charity wants better illegal eviction training for police Safer Renting , an advice service for tenants backed by four London boroughs, has called on the Metropolitan Police to improve training for its officers to ensure they are aware it is a criminal offence to landlords to evict a tenant without a possession order. It follows an incident in which a landlord in Chingford was not arrested after allegedly forcing his way into a family’s home with a crowbar and used violence to drag them down the stairs. The Met said: “Should an offence be alleged under the Protection from Eviction Act the role of the officer attending is to compile a report for the local authority.” The Observer Homelessness ‘could end in a decade’ Crisis has published a report claiming that a £10bn plan could end homelessness in Britain within a decade. The proposals involve the construction of at least 100,000 social homes each year for 15 years. Other measures include forcing prisons and hospitals by law to prevent people in their care from becoming homeless when they leave. The plan, called ‘Everybody In: How to End Homelessness in Great Britain,’ is endorsed by the Archbishop of Canterbury and Dame Louise Casey, the former national homelessness tsar. The Independent Schools are failing black pupils, says charity boss Dr Tony Sewell, chief executive of Generating Genius, a charity which supports talented young people from disadvantaged backgrounds to realise their potential in STEM (science, technology, engineering and mathematics), considers universities minister Sam Gyimah’s comments about the failure of Oxford and Cambridge to take in more black students or those from less privileged backgrounds. He says that issues arise far earlier in such students’ academic lives and notes government data that reveal large numbers of black students who do well at primary school “not only fail to progress but end up going backwards” at secondary school. He says the issue should serve as “a clarion call” to secondary schools which are leaving black and disadvantaged students “ill-prepared.” The Daily Telegraph Council converts phone box into nightclub for charity Kingsbridge Town Council has turned its traditional red phone box into a tiny nightclub where one clubber at a time can pay £1 to use a dial-a-disc type record system - with all proceeds donated to local charity @115, a provider of diverse activities for adults with disabilities. BBC News OTHER Charity leaders honoured Charity chief executives, founders and chairs honoured in the Queen’s birthday list include British Asian Trust chair Manoj Badale and Sickle Cell Society chief executive John James (both OBEs); She Speaks, We Hear founder Akeela Ahmed,Playskill founder Andrea Clarke, Ipswich Housing Action Group chief executive Halford Hewitt, Refugee Action founder Colin Hodgetts, and Oldham Mountain Rescue leader Mick Nield (all MBEs). Rosemary Powell, aged 103, who has been a poppy seller for the Royal British Legion since 1921, also received an MBE. Civil Society Small Charity Week beckons . . . Small Charity Week kicks off on June 18th with a day devoted to raising the profile of small charities everywhere. The week continues with support and fundraising opportunities, and the FSI Small Charity Big Impact Awards, and wraps up on June 23rd. Small Charity Week
How The World Cup Changed How We Think About Interviews
With the world cup just around the corner, what can we learn from a recruitment perspective from some of the teams taking part? Germany - Efficiency Much to the irk of England fans, the German football team is a gleaming example of ruthless efficiency and careful planning. It is no secret that the Germans play the same formation from children so that by the time they reach the senior's everybody is well drilled in what is expected of them, practice makes perfect after all! It is also no secret that the coaching staff pore over data in the months leading up to big tournaments. Such data analysis helped Jens Lehmann save two penalties against Argentina in 2006 sending them through to the next stage. So how can you harness the efficiency of Germany? Practice your interview technique rigorously until you know it inside out and do your research. Investigate the company you're interviewing with. Memorise the key people within the company, their movements within the market and any other noteworthy things they've done recently. Practice like Germany and you’ll succeed like Germany. England - Optimism Despite England’s chronic underachievement on the global footballing stage, you’ll always hear “We’ll win it this year”. Often derided as complete delusion the sheer optimism of England is one to be lauded. Ok so we haven’t won a major tournament since ‘66 and the thought of a penalty shootout sends shivers down the spine of the entire nation but this really could be our year, couldn’t it? So how can you harness the optimism of England? The power of positive thinking! Now, this doesn’t mean suppressing negative thoughts that typically creep up before an interview but rather addressing these fears. In doing this you can dispell the niggling thoughts of inferiority, embarrassment and anxiety by focusing on the positives aspects that disprove these initial nerves. Resulting in double positivity! Now go out there and get that job! Brazil - Passion It’s not a world cup without Brazil now, is it? The infamous yellow and blue kit evoke memories of style, flair and success. The Brazilians absolutely love football there's no doubt about it. Brazil have won five times, and are the only team to have played in every tournament. What’s their secret? Passion. Being passionate about what you do or what you want to do will make your life a whole lot easier. Regardless of what you do putting passion into your work ultimately lays the foundation for success. An enthusiastic approach speaks volumes and demonstrates to people that even when things get tough you are committed to sticking it out and completing the task to the best of your ability. So next time you walk into a job interview show a little passion. Passionate people approach tasks full of enthusiasm and don’t stop until they’re 100% happy with the results. Iceland - Tenacity Aww, the little guys. Good on them, they’re here for a good time not a long time. Should be a pushover right? Well, unfortunately, and much to England’s embarrassment at the last Euros Iceland were anything but a pushover. But how can the smallest ever nation to take part in a world cup manage to take on and defeat some of the world’s biggest footballing nations? Tenacity of course! It’s a dog eat dog world when it comes to finding a new job.UK job seekers have to apply for an average of 27 positions just to get one interview, now that is a lot of rejection! Don’t get disheartened by rejection learn from it and use it to your advantage! Be more like Iceland, don’t pay attention to the statistics and people dismissing you immediately. Know your strength, play to it and don’t give up! Your determination will be recognised and success will ensue. If you can embrace all of these team’s qualities success will follow (hopefully you won’t have to do it all again in four years time though!)
Kim Vs Trump: 5 Steps to Resolving Office Place Conflict
Today marks a significant moment in history, the summit between Kim Jong Un and Donald Trump. The world watches on through its fingers in a kind of confused curiosity as these two leaders meet to try and broker some sort of ‘peace’. There has been much posturing, insult slinging and egotistical tweeting in the build-up to this summit leading many to question its authenticity. However, is there anything we can take away from this unprecedented meeting? I’d like to think so… Ok so the negotiation of peace between two old enemies who both have access to weapons of mass destruction and ultimately the lives of the entire globe in their hands is quite complicated (luckily we’ve got two experts handling that) so let's apply the concept to a workplace. Kim works in accounts payable and Donald is on the admin team. Both harbour ideas of grandeur and self-importance and unfortunately this has led to a workplace personality clash. It’s come to a head and it seems as if no solution is possible without the eradication of the other one from the company. Both finally realise their careers are at stake so agree a meeting before HR get involved. How do they go about ending this bitter feud? Five simple steps will help. 1. Talk to the other person Believe me, it may sound obvious but talking to the other party and hearing their issues first hand is key to finding a resolution. There may be other parties involved trying to push their own agendas and spreading fake news when two factions are at loggerheads. Time to sit down in a neutral environment away from prying eyes and be frank with each other. Be sure to leave egos at the door though! 2. Actively listen There’s no point talking if nobody’s listening! While everyone wants to talk and get their point across it is important that both sides take time to listen. And I mean really listen, not just nod and smile while thinking about what’s for tea. Actively listening involves making mental notes of problem areas. After points have been presented and listened to it may be that there is a simple solution to the initial problem and that both parties are more similar than different. 3. Agree on the problem together Now that all the dirty laundry has been aired it is time to really drill down and identify the underlying issues behind the conflict. It may seem like the problem is over the borrowing of a pen but really it's more to do with respect and communication. It must also be said that there should be absolutely no finger pointing or trying to put more blame on one side than the other. This will result in a spiral of further resentment and disagreement and no solution will be reached. Both parties should reach an agreement on what the problem is together and once they’ve done this… 4. Reach a solution together That's right, finding a solution together! Once the underlying cause of the feud has been realised together it's time to find a solution that makes the both parties happy. This one may require a bit of compromise and it may be hard to swallow pride but look at the bigger picture. Once you understand the other sides gripes and have worked out a solution that works for everyone things should be a lot smoother in the office. 5. Build on that success Finally, build on that success. The hard bit is done and the previously unachievable has been achieved. Now you need to keep building on this newly found peace. It’s going to be a “yuge success!" Sharing success and working together more frequently builds up trust and shows the other person that the past is truly in the past. Embrace the success and reflect on a job well done! Co-workers will now look on with a mixture of admiration, fear and jealousy of your newly formed superpower and both parties can sit back safe in the knowledge that they are “Winning again!”
Tax Managers – When is a good time to move In-House?
The age-old myth would tell us that someone from Practice can move in-house at any point in their career. In fact, this may well have been true a few years back. In 2011, we saw many people Tax Seniors, Tax Assistant Managers, Tax Managers, Tax Senior Managers and Tax Directors move in-house. We even identified some Tax Partners moving in-house. Alas, it's 2018 and the market has changed. No longer can you move in-house at any point in your career. The ripest time to move in-house is either upon qualification or whilst you are still a Manager or (junior) Senior Manager in Practice. As a seasoned Senior Tax Manager in Practice, you can get to crossroads, you are either being pushed to do Business Development (which is not why you got into tax) or you are being targeted within an inch of your life to hit certain targets to get to Director. Some people think this is the prime point to jump in-house. As recruiters, the honest answer is, you are an expensive resource for someone who has no proven in-house exposure, compared to those who have 2-3 years’ experience in-house and are at the same level as you. You may well be put forward for roles and if you know the Head of Tax, you may well get an interview, but when the CFO and CEO sign off business cases and meet you for a final interview, the person with the in-house experience that is in the same or less money than you, ultimately may get the job. Don’t get me wrong we are not saying it is impossible to move if you are at this level, it’s just much more difficult and you may be waiting a while for an interview. As a Director or Partner, it is rare that you will enter an -in-house role (unless you are seconded to the business for being a great asset in everything you have done for them already), the number of roles at this level are slowing down and the competition is rife. Someone who is already a Head of Tax will have the edge over someone who is straight from Practice. There is also a big disconnect between the average Head of Tax remuneration and that of a Big 4 or Top 20 Partner, who are too expensive to make the switch (unless of course, they are willing to take a hefty pay cut). So, in essence, the best time to move in-house, in my opinion, is between 1 – 5 years PQE as this is a prime spot for those of who are still willing to learn, are still keen to soak up information and your salary hasn’t reached a level where you price yourself out of the market compared to those with industry experience who will most likely be on less money that you as a basic salary.
6 Undeniable Signs you should start looking for a new job
Feel like you're stuck at a dead end? Here are six undeniable signs you should start your search for a new job. 1. You are bored There’s nothing worse than feeling bored at work. Time drags, you’re constantly clock watching and find yourself doing literally anything to get through the day. On the whole, people need mental stimulation, a challenge, a goal to work towards. Boredom is such an issue in the workplace and shares many similarities with feeling stressed. Emotionally, people feel trapped and helpless when bored at work because they have fewer ways to occupy themselves as they would in their free time. Interestingly, in 2016 Frédéric Desnard took his employer to a tribunal for giving him so little to do that he became “bored out of his mind”. Your employer owes it to you to have a steady flow of tasks that are suitable to your skillset and title. 2. You are stressed As I mentioned earlier stress shares a lot of similarities with boredom. Whilst the difference is an overload of work rather than a lack of it the effects are the same, helplessness, a feeling of being trapped and ultimately unhappiness. In an evergrowing age of connectivity, people are finding it harder to detach their personal lives with their work lives, which in turn, has led to an increase in stress-related illnesses. In fact in the UK, 12.5 million working days were lost due to work-related stress, depression or anxiety in 2016/17. If you’re feeling stressed or burnt out it then maybe it’s time to find a new job. One with better work/life balance and wellbeing incentives. 3. You aren't making progress If Jimmy the Tea Boy has progressed to Senior Exec with his own office and company car and you’re slogging away in the same position after the same amount of time then you need to start to look elsewhere. Lack of advancement is one of the leading causes of people searching out new employment. Employees need to keep moving forward and a key indicator of how they are progressing in their job title. If you don’t have set goals to work towards and a clear path to progress then what’s the point? It’s easy to become disenfranchised with your employers and the company if you’re not progressing. Find somebody who’s going to challenge you and reward you fairly for your contribution. 4. You are underappreciated You have a big project, you put your absolute everything into it and get it completed on time. You’re chuffed to nuts with your efforts and give yourself a well-deserved pat on the back, you are expecting a phone call, email or a face to face well done from your boss. You wait, and wait, and wait a little bit more… Slowly it dawns on you that no recognition is coming and the daily grind continues. Your masterpiece is a mere speck in the distance as another large project comes across your desk. A simple “thank you” or “great job” from higher-ups goes a long way, it costs nothing and takes a couple of minutes. If your boss can’t see your worth and is unwilling to acknowledge your hard work with a simple gesture then maybe it’s time to find a new job. 5. You are underpaid Doing a little bit of research on your worth can pay dividends, literally and figuratively. If you are busting your gut doing a skilled job for very little pay then something has to give. Knowing your self-worth is key here. There are a number of surveys and wage calculators out there that can give you an average banding of what you should be earning or even better speak to a recruitment consultant who will be able to give you an even greater insight into salaries. Time for a frank an honest conversation with your higher-ups on why you should be earning more and what you bring to the company. If your boss is unwilling to meet your valuation or even compromise with little explanation as to why then maybe it’s time to look for a new job. 6. You are reading this article Ok, ok maybe I’m being a little presumptuous. However, if you are reading this because you are unhappy and looking for another job then please do get in contact with us. Our specialist consultants are more than happy to discuss career paths, salaries and current opportunities.