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What is not changing is the need for accounting practices to employ staff who are relevant in this brave new world, understand technology can assist with the challenges in the modern accounting practice. Today’s youth have been born into the digital age and are at home with technology from birth. In an environment where you want to assist your business clients with how to best integrate their financial data, young people offer unparalleled advantage. A multi generational workforce ticks all the boxes for cleverness, in the new millennium.

 

Accountants have lamented to me, that years ago, they took cadets on and trained them to work up through the business. Over the years, this practice has diminished and now some accounting firms are finding themselves without a pipeline of relevant young accountants. Costs of training and employment have made the internal programs unviable for small firms and now they are left out, in the cold, trying to locate new employees.

 

Nine2Three have looked at this issue for accounting firms and have created an accounting pipeline. Through our N2T UGrad Plan, we have highlighted young accountants, still at university with perhaps 2-3 years left of study, who are keen to work part time in an accounting practice while they study. These ‘junior’ employees are cost effective, being utilized through Nine2three as an on-hired employee; the accounting practice only pays for the hours they work, which includes all superannuation, public liability, professional indemnity, payroll management, taxes and of course is totally tax deductible. Students can start as basic admin workers if needed, or bookkeeping, document management and client follow up.

 

The young person works in your business, learning from you and bringing with them, strong technological ability, new ideas from university, not to mention keenness and motivation. After study, you have the option of offering full time work (knowing that the graduate already understands your business, systems and processes) or engage another student. Practices can even have a number of students working on different days while they study. The options are endless, if you think outside the box. Thirty percent of the top ten global companies that utilize graduate employees are accounting firms.

 

Think about utilizing Nine2Three to develop your accounting pipeline and place your business in the best spot for future growth. Send us an email or 'contact us' form to learn more.

 

Alternatively if you are an accountant, register for our database to receive job alerts in regards to Accounting roles in your local area.

 

 

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