New Year, New Opportunities, New You: Kickstarting Your Career Search for 2025

As 2024 winds down, professionals across the board are contemplating their next career moves. For those in insolvency or accountancy eyeing a fresh start in 2025, the question is: when is the ideal time to start the job search process? In this post, we will delve into why starting now, rather than later, could set you on a smoother path to your dream job.

 

Understanding Your Career Aspirations: The first step in any job search is introspection. What are your career goals? What kind of work environment do you thrive in? These are crucial questions to ask yourself. When you initiate the process early, you give yourself ample time to align your aspirations with potentially suitable opportunities. Engaging with a recruitment specialist quickly translates to a quicker understanding of your career goals and aspirations, which is a significant first step in the journey.

Identifying the right opportunities: The job market is ever-evolving, and opportunities come and go. By starting your search now, you place yourself in an advantageous position to tap into the current market’s offerings. Our role as recruiters is to identify potential opportunities that align with your career aspirations, and doing this early ensures you don’t miss out on any gems in the market.

The Interview Process: Securing interviews is a crucial part of the job search. The sooner you begin, the quicker you can find yourself in the interview chair, discussing your potential future with a prospective employer. This step is not just about impressing the interviewer; it’s a chance for you to assess whether the role and company align with your career goals.

Securing and Negotiating Offers: Negotiating an offer is an art. When you have ample time on your side, you’re in a better position to evaluate and negotiate offers. This ensures that when you do accept an offer, it’s the right one for you.

Considering Notice Periods: Notice periods are integral to the job change process. Depending on your current role’s requirements, this could range from a few weeks to several months. By starting early, you give yourself, and your future employer, the flexibility to work with these timelines, ensuring a smooth transition.

The Early Bird Catches the Worm: There’s a saying, “Don’t put off until tomorrow what you can do today.” This rings especially true in job searching. The early bird catches the best opportunities. Starting now means you’re proactive, engaged, and ready for what the future holds.

Navigating the New Year Rush: January is traditionally a busy time for both candidates and clients. Candidates are looking for new opportunities, and clients are returning to the office, ready to kickstart the year. However, this can also mean that the market is saturated, and the competition is fierce. By starting your search now, you navigate around this rush, placing yourself ahead of the curve.

 

The Pros of Starting Now:

  • Access to Current Opportunities: The job market is ripe with opportunities right now. By starting your search, you ensure that you have access to these roles, many of which might be filled come the New Year.
  • Extra Time for Job Searching: The end of the year can be slower for some industries, providing you with extra time to dedicate to your job search.
  • Potential for an Early Start: Depending on notice periods and how quickly you secure a role, you could potentially start your new position before the year ends, giving you a head start on 2025.

The Cons:

  • Potential for Rush Decisions: Starting early is beneficial, but it’s also important not to rush. Ensure that any decision made is well thought out and right for your career.
  • Navigating Holiday Schedules: The end of the year is filled with holidays, which can mean that key decision-makers are out of the office. This could potentially slow down the process.

 

In the competitive world of insolvency and accountancy, timing is everything. Starting your job search now positions you ahead of the curve, providing access to opportunities that might not be available in the New Year rush. It gives you the time to navigate the process, from understanding your career aspirations to negotiating offers, ensuring that when you do make a move, it’s the right one for you. Are you ready to take the leap and start afresh in 2025? The time is now.

 

If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market (now or further into 2025), I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.


My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

Why December is the Perfect Time to Start Your Job Search

As the holiday season approaches, the natural inclination for many professionals is to put off job searching until January. However, this can mean starting behind the curve when new opportunities arise. December offers a unique window to prepare, plan, and position yourself to hit the ground running in the new year.

December: The Hidden Gem for Job Seekers: While many candidates pause their job search during the holidays, employers and recruiters are actively preparing for the new year. Hiring managers often use December to pre-arrange interviews and shortlist candidates, so those who begin their search early have a strategic advantage.

Advantages of a December Job Search:

  • Getting a Head Start on Your Competition: The job market can become saturated in January as everyone begins their search at once. By starting in December, you position yourself ahead of this rush, making it easier for recruiters to notice you and for your application to stand out.
  • Proactive Interview Scheduling: Companies are already planning interviews for early January. By connecting with a recruiter in December, you can be one of the first candidates considered and scheduled for these interviews.
  • Time to Prepare: Preparing your CV, updating your LinkedIn profile, and outlining your career objectives can take time. By starting now, you’ll be ready to seize opportunities in January without the stress of last-minute preparations.

Why Working with a Recruiter in December Matters: Connecting with a specialised recruiter before the holidays helps ensure that when January begins, you have a clear strategy and are ready to move quickly. Recruiters can offer insight into upcoming roles that may not be publicly advertised yet and provide personalized advice to make your profile shine.

How to Approach Your Job Search in December:

  • Schedule a Planning Session: Use December to talk with a recruiter about your career goals, preferred roles, and key achievements. This allows the recruiter to match you with the right opportunities as they come up.
  • Revise and Refine Your CV: Focus on updating your CV with any new projects or skills you’ve gained over the past year. Tailor it to the types of roles you’re interested in so that it’s ready to go when opportunities arise.
  • Stay Connected: Even though December may seem quieter, recruiters are actively working to identify candidates for January openings. Stay engaged and responsive to messages so you’re ready when an opportunity comes your way.

December is often overlooked as a prime time for job searching, but by starting early, you position yourself ahead of the competition. Don’t wait for January to flick the switch. Begin the process now so you can be prepared and ready to secure the best opportunities when the new year starts.


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

Be First in Line for 2025 Opportunities

As the festive season kicks off, most professionals shift their focus from work to holiday celebrations, delaying job search plans until January. However, what many don’t realise is that the end of the year is the perfect time to get ahead of the competition and secure early interview slots for the upcoming year.

Why December is a Prime Time for Job Seekers: While it’s true that December is quieter in terms of immediate interviews due to holiday events and year-end breaks, many employers are planning their hiring strategies and scheduling interviews for January. By waiting until January to start your search, you risk falling behind the candidates who began preparing in December.

Key Benefits of Starting Now:

  • Early Access to Opportunities: Companies often use December to assess their staffing needs and set up interviews for the new year. Candidates who are proactive and start conversations now can tap into these early opportunities.
  • CV and Profile Preparedness: Updating your CV takes time. By completing this now, you ensure that when hiring picks up, you’re ready to apply without delays.
  • Increased Visibility with Recruiters: Recruiters like myself are actively looking for motivated candidates to introduce to clients planning for January. By connecting now, you increase your chances of being the first person considered for these new roles.

How to Make December Count:

  • Reach Out to a Specialised Recruiter (Levitate Recruitment): Partnering with a recruiter who specialises in your field can help you streamline the job search process. We can identify potential roles, provide insights, and put you in front of decision-makers before other candidates even start looking.
  • Revamp Your CV and Online Profiles: Take advantage of the downtime in December to fine-tune your CV, LinkedIn profile, and any other professional platforms. Highlight your recent achievements and skills that align with the roles you’re targeting.
  • Define Your Career Goals: Use this time to reflect on what you want in your next role. Are you looking for more flexibility, a higher salary, or opportunities for advancement? Knowing this ahead of time will make your job search more focused and effective.

Don’t wait for January to start your job search and risk missing out on the best opportunities. Starting in December means you’re first in line when the market becomes active again. Reach out today, and let’s make sure you’re ready to kick off 2024 on a strong note.


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

The Work’s Christmas Party – Be aware!

It’s that time of year again! The work Christmas parties are all booked in. Christmas is a time of celebration and is a good excuse to throw a party at work to close out the year. The work Christmas party has something of a reputation for being a place where people drink too much and possibly do something they might regret, which is made even worse when your job is involved.

At Levitate Recruitment we typically receive two or three calls in December/January from individuals looking for a new role citing the Christmas party as a reason they are seeking a new job.

It’s important to know how to behave at a work’s Christmas party, so here are some tips;

  • The most important thing to remember is that the party is technically still an extension of the workplace, even if you don’t get paid to attend. Whether the party happens at your actual workplace is irrelevant; what matters is that you’re essentially representing your employers and so should behave in a professional way.
  • The party will more than likely involve some senior figures within your firm, which makes it even more important to behave appropriately. Make sure you know who they are, and if possible, say hello and thank them for the party. Not only is this good for scoring brownie points, but it should also help to remind you to behave yourself.
  • Use the party as a chance to mingle with colleagues you don’t work closely with rather than just sticking to the same group. An office party is a great place to chat to colleagues you don’t spend much time with, or just haven’t gotten to know yet. Parties are a perfect networking opportunity, especially if you’ve been thinking about promotion recently.
  • Try to stay away from office gossip wherever possible. It’s fine to make small talk with your colleagues and would be rude not to, but try to avoid speaking negatively about other people, or spreading rumours about them.
  • You may have an issue with one of your colleagues. The Christmas party is not the best place to try to resolve it. You are all there to enjoy a party and not discuss frustrations with each other. It’s best to avoid them and try to resolve the situation once you are back in the office on a workday.
  • Alcohol; we all know our limits. It’s easy to get carried away especially when there may be a free bar. Having too much to drink is the most common reason for things going wrong.

Enjoying yourself at your office Christmas party shouldn’t feel like a challenge, but it’s important to remember that it’s not a regular party with your regular social circle. It’s an extension of your workplace, and so you should still act in a professional way. Using the opportunity to show yourself as a professional, sociable employee makes much more sense than doing something regrettable. Be sure to have a good time, but don’t forget who you’re with.

Remember, what happens at the Christmas party does NOT always stay at the Christmas party!

For advice about your career options, contact Levitate Recruitment. We are specialists in assisting practice-trained accountants and insolvency professionals secure new opportunities across the UK and Overseas.

 

Building Your Personal Brand: Laying the Groundwork for Future Business

In the competitive world of insolvency and accountancy, building a strong personal brand is essential for long-term career success. For young professionals, taking deliberate steps to develop relationships and establish a reputation early on can pave the way for future business opportunities. Here’s how you can build your personal brand and cultivate valuable connections both internally and externally.

Introduction to Personal Branding

Personal branding is about defining and promoting what you stand for as a professional. In the insolvency and accountancy sectors, a robust personal brand can distinguish you from your peers and position you as a go-to expert. Building your brand is not just about showcasing technical skills; it’s about forming meaningful relationships that can lead to referrals and business development opportunities in the future.

Building Relationships Internally

Your journey to a strong personal brand begins within your own firm. Developing connections with colleagues and mentors can provide a solid foundation for your career.

  • Engage with Colleagues: Participate in team projects, attend social events, and seek out mentorship programmes within your firm. Building rapport with your peers and superiors can lead to lasting professional relationships.
  • Think Long-Term: Understand that colleagues may move on to other firms where they can become valuable contacts for referrals. Maintaining good relationships with current colleagues can pay dividends in the future.

Building Relationships Externally

Networking outside your firm is equally important. Here’s how you can expand your professional network:

  • Attend Industry Events: Participate in seminars, conferences, and industry-specific events. These gatherings are excellent opportunities to meet other professionals, share ideas, and make connections.
  • Join Professional Societies: Become a member of industry-related societies and professional organisations. Active involvement in these groups can increase your visibility and credibility in the field.
  • Volunteer for Speaking Engagements: Offer to speak at events or write articles for industry publications. Sharing your expertise publicly can enhance your reputation and attract potential clients or partners.

Networking Strategies

Effective networking is about quality, not quantity. Here are some tips to build genuine relationships:

  • Prepare an Elevator Pitch: Have a concise and compelling summary of who you are and what you do, ready to share when you meet new people.
  • Be Approachable: Show genuine interest in others and be open to conversations. Networking is a two-way street, and building relationships requires mutual respect and trust.
  • Follow Up: After meeting someone new, follow up with a personalised message to reinforce the connection and express your interest in staying in touch.

The Role of Social Media

Social media platforms, particularly LinkedIn, play a crucial role in building your personal brand.

  • Connect with Industry Professionals: Use LinkedIn to connect with colleagues, mentors, and other professionals in the insolvency and accountancy sectors.
  • Share Insights and Achievements: Regularly post articles, insights, and updates about your professional journey. This keeps you on the radar of your connections and showcases your expertise.
  • Engage with Content: Comment on and share posts from others in the industry. This not only broadens your network but also demonstrates your active participation in industry discussions.

Long-Term Relationship Building

Building and maintaining relationships is an ongoing process. Here’s how to keep your network strong:

  • Regular Updates: Keep your contacts informed about your career progress and achievements. This helps maintain the relationship and keeps you top-of-mind for future opportunities.
  • Offer Value: Share useful information, make introductions, and provide support to your network. Offering value strengthens your connections and fosters goodwill.

Balancing Technical Expertise and Personal Relationships

While technical skills are fundamental, personal relationships often determine business success.

  • Technical Proficiency: Ensure you continuously develop your skills and knowledge to remain a trusted expert in your field.
  • Relationship Building: Invest time in building relationships based on trust and mutual respect. People are more likely to refer work to those they know and like.

Final Thoughts

For young professionals in insolvency and accountancy, building a personal brand is a strategic investment in your future. Start early, and focus on developing relationships both within and outside your firm. Remember, business development often hinges on personal connections as much as technical expertise. By taking these steps, you’ll be well on your way to a successful and fulfilling career.


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

Easiest Way to Get a Pay Rise: Ask!

Asking for a pay rise can be daunting, but sometimes, the simple answer is to ask. However, asking for a pay rise isn’t just about making the request; it’s about being prepared and professional. Here’s a guide to help you navigate this important conversation and increase your chances of success.

Ask but Go Prepared

Preparation is key when asking for a pay rise. Before you even schedule the conversation, take the time to gather data, practice your pitch, and identify the right moment to make your request.

  • Gather Data: Research the market rate for your role and experience level. Use job adverts and salary surveys to benchmark your salary, but be cautious as these figures can sometimes be exaggerated.
  • Practice the Conversation: Rehearse your pitch with a trusted colleague or mentor to build confidence and receive constructive feedback.
  • Know the Right Time: Timing is crucial. Aim to ask during performance reviews, after a major achievement, or when you’ve taken on additional responsibilities.

Why Are You Worth What You Believe You Are Worth?

To justify your request for a pay rise, you need to clearly articulate why you believe you deserve it. Highlight your achievements, contributions, and the value you’ve added to the company.

  • Concrete Examples: Provide specific examples of your accomplishments. Show how your efforts have positively impacted the company’s bottom line, efficiency, or overall success.
  • Value Added: Explain how your skills and experience benefit the company. Make a compelling case for your worth by tying your contributions to the company’s goals and objectives.

Use Market Research Wisely

While it’s beneficial to use market research to support your case, remember that job adverts can sometimes inflate figures. Use this information as a benchmark, but rely more on your personal achievements and contributions.

  • Benchmark Salaries: Compare your salary with industry standards, but be realistic about the figures.
  • Realistic Expectations: Set a minimum figure in mind and have a buffer that would be acceptable. This range shows flexibility and understanding of the company’s constraints.

Highlight Your Demand Tactfully

Letting your employer know that you’re in demand can strengthen your case, but it must be done tactfully.

  • Approached by Agents: Mention that you’ve been approached by agents, indicating your market value, but avoid using it as a threat. The goal is to demonstrate your value without appearing disloyal.

Consider All Factors, Not Just Salary

Never make a decision based solely on salary. Consider other important factors such as job satisfaction, growth opportunities, company culture, and work-life balance.

  • Job Satisfaction: Assess how happy you are in your current role and environment.
  • Growth Opportunities: Consider the potential for career progression within the company.
  • Company Culture: Reflect on whether the company’s values align with yours.
  • Work-Life Balance: Evaluate how your job affects your personal life and overall well-being.

Be Cautious in a Buoyant Market

In a market where demand for staff is high, salaries may be inflated. However, this doesn’t always mean the opportunity is great in the long term.

  • Job Security: Be wary of moving to a company offering a significantly higher salary without considering its long-term stability.
  • Long-Term Prospects: Ensure the new role aligns with your long-term career goals and offers security and growth.

Timing is Crucial

Choose the right moment to ask for a pay rise. Performance reviews, after a major achievement, or when taking on additional responsibilities are ideal times.

Know Your Company’s Pay Structure

Understanding your company’s compensation policies and cycles is essential. Some companies may have specific times of the year when pay raises are considered.

  • Compensation Policies: Familiarise yourself with the company’s pay raise procedures.
  • Pay Cycles: Plan your request around the company’s budget and review cycles.

Practice Your Pitch

Rehearse your conversation to build confidence. A well-practised pitch will help you communicate your value effectively and professionally.

Be Professional and Positive

Maintain a positive and professional demeanour during the discussion. Focus on your contributions and future potential rather than complaints or comparisons with colleagues.

Be Ready for Any Outcome

Prepare for different responses and have a plan for each scenario. Whether it’s negotiating further, accepting the offer, or considering other opportunities, be ready to handle the outcome gracefully.

  • Negotiation: Be prepared to negotiate if the initial offer is lower than expected.
  • Alternative Plans: Consider your options if the answer is no, and plan your next steps.

Follow Up

If the initial answer is no, discuss specific goals or milestones that need to be met to reconsider the pay raise in the future.

  • Set Goals: Agree on clear objectives that can lead to a pay rise in the future.
  • Regular Check-Ins: Schedule follow-up meetings to review your progress and discuss your request further.

By preparing thoroughly, understanding your worth, and considering all factors, you can approach the conversation with confidence and professionalism. Remember, the simple answer to getting a pay rise is to ask – but doing so with preparation and a clear strategy is what will truly make the difference.


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

 

Taking Time to Reflect During your Summer Holiday: An Opportunity for Career Assessment

The Summer holidays are often seen as a time for relaxation and rejuvenation. Whether you’re planning a local staycation or an overseas getaway, the summer break offers a perfect opportunity to take a step back from your daily grind and assess your current career situation. It’s essential to use this time wisely, allowing yourself to reflect on what makes you unhappy in your current role and to formulate a plan for your next steps.

The Importance of Reflection

In the hustle and bustle of everyday work life, it’s easy to get caught up in the moment and make decisions based on emotions like frustration, anger, or annoyance. These emotional decisions can lead to hasty job changes that might not necessarily be the best move for your career. Taking a break during the summer provides the mental space needed to make more rational and thoughtful decisions about your future.

Steps to Assess Your Current Situation

  1. Identify What Makes You Unhappy
    • Take time to pinpoint the specific aspects of your current job that are causing dissatisfaction. Is it the workload, the company culture, lack of growth opportunities, or something else?
    • Write down these factors to have a clear understanding of what you want to change.
  2. Evaluate Your Career Goals
    • Reflect on your long-term career goals. Where do you see yourself in the next five years?
    • Consider how your current role aligns with these goals. Are you on the right path, or do you need a change to achieve your objectives?
  3. Research Alternative Options
    • Look into different roles or companies that might offer what you’re missing in your current position.
    • Make a list of the qualifications, skills, and experiences required for these roles and assess how you measure up.
  4. Formulate a Plan
    • If you decide that a change is necessary, develop a clear plan for your job search. This should include updating your CV, networking, and identifying potential employers.
    • Consider seeking advice from a career coach, trusted mentor or a specialist recruiter in your industry to help guide your decision-making process.

The Benefits of a Well-Considered Decision

Making a well-thought-out decision about your career can have several benefits:

  • Reduced Stress: Knowing that you’ve taken the time to thoroughly assess your situation and plan your next steps can reduce anxiety and stress.
  • Better Opportunities: By carefully considering your options, you’re more likely to find a role that truly fits your skills, interests, and long-term career goals.
  • Increased Satisfaction: Moving to a job that aligns with your goals and values can lead to greater job satisfaction and overall happiness.

Conclusion: Take Your Time

The Summer is a great time to pause, reflect, and plan your career moves. Instead of making decisions based on temporary emotions, use this period to consider your options thoughtfully. If you’re still unhappy after this reflection, you’ll be in a better position to find the right opportunity that aligns with your career aspirations.

By taking the time to assess your situation and formulate a plan, you can ensure that your next career move is a positive and fulfilling one.


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

Insolvency Practices – Mergers and Acquisitions

At Levitate Recruitment, we facilitate mergers, acquisitions, and disposals within the insolvency and accountancy practice sectors across the UK. Whether you’re a smaller firm looking to be acquired or a larger practice seeking strategic growth opportunities, we have the expertise and network to assist you.

Our Services:

Confidentiality First:
We prioritise the utmost confidentiality throughout the entire process. Your identity and details remain undisclosed until you give us explicit permission. We collaborate closely with you to determine the who, when, and how of approaching prospective targets, ensuring that no approach is made until you are fully prepared.

Expert Matching:
Leveraging our extensive experience within the insolvency profession, we offer a specialised matching service. Whether you are a small boutique firm or a global practice, we understand your unique needs and can identify the right partners for you.

For Buyers:

  • Expansion Opportunities: Looking to expand your presence into new regions?
  • Risk Mitigation: Seeking to grow through acquisition rather than starting from scratch?
  • Strategic Growth: Whatever your reasons, we can help you find the right practice to acquire and achieve your growth objectives.

For Sellers:

  • Regulatory Relief: Tired of regulatory burdens?
  • Business Challenges: Struggling to generate new business or facing fee pressures?
  • Retirement Plans: Considering retirement and want to ensure a smooth transition?
  • Exit Strategy: Whatever your reasons, we can connect you with buyers interested in acquiring your practice.

Why Choose Us?

With a deep understanding of the insolvency sector and a comprehensive network, Levitate Recruitment is well-positioned to facilitate successful introductions for mergers and acquisitions. Our clients range from independent firms to global practices, all benefiting from our personalised and confidential approach.

Get in Touch

Ready to explore your options? Contact us today to discuss how we can help you achieve your goals, whether you’re looking to grow your practice or plan an exit strategy.

 

Balancing Act: Understanding the Implications of Higher Salaries in Insolvency

The insolvency market is experiencing an unprecedented demand for insolvency administrators and senior insolvency administrators. Over the past 18 months, salaries in this sector have seen dramatic increases, with some candidates receiving offers that vary by as much as £3,000 to £8,000. In some cases, candidates are even securing pay rises up to £10,000, whether by accepting new positions or negotiating with their current employers. While this is undoubtedly a positive development, it’s essential to understand the potential risks associated with these rapid salary increases.

The Positive Impact of Salary Increases

Salary increases are a welcome change for insolvency professionals, providing better financial stability and acknowledging their expertise and hard work. It’s common for job seekers to see multiple offers on the table, each company trying to outbid the other. This competitive environment is beneficial for candidates, offering them a range of choices and the ability to negotiate better terms.

Understanding Job Offer Variances

However, candidates should critically evaluate why some firms are offering significantly higher salaries than others. It’s crucial to ask questions such as:

  • Why is this firm offering more than its competitors?
  • Is the higher salary a sign of the company’s desperation to fill the role quickly?
  • What are the implications for job security and long-term career prospects?

Risks Associated with Higher Salaries

While a significant pay rise is attractive, it comes with its own set of challenges:

  • Increased Expectations: Employers offering higher salaries often expect more from their employees. This can translate into increased workloads, tighter deadlines, and higher performance standards.
  • Job Security: In an ever changing industry like insolvency, companies paying above the market rate might be more vulnerable to economic downturns. This could result in redundancies if the market takes a downward turn.
  • Future Salary Progression: Be aware that being paid more than the typical market rate now can impact your salary progression at higher levels. For instance, when you move up to positions like Assistant Manager or Manager, your salary might not increase as much compared to your peers who started at a lower rate.

Making an Informed Decision

When evaluating job offers, it’s important to look beyond the salary. Consider factors such as:

  • Career Progression: What opportunities for advancement does the company offer?
  • Company Culture: Does the company’s culture align with your values and work style?
  • Work Environment: What is the work-life balance like? Is the company supportive of professional development?
  • Long-Term Goals: Where do you see yourself in five years, and does this role align with that vision?

Conclusion: Balanced Decision-Making

In conclusion, while the rising salaries in the insolvency market are an exciting development, it’s crucial to make informed decisions based on a combination of factors. Salary is just one aspect of a job offer. Consider the overall opportunity, chances for progression, the company’s culture, and long-term stability. By taking a balanced approach, you can ensure that your career decisions lead to sustainable growth and satisfaction.

 


If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

Finding the Right Balance: Office Visibility and Career Progression

Over the last few months, a recurring theme among candidates has been the frustration of not being promoted or progressing in their careers. While there can be various reasons for this, one factor that often goes unnoticed is the impact of physical presence in the office. With many firms adopting flexible work-from-home policies, it’s important to strike the right balance between remote work and being present in the office.

The Visibility Factor

Working from home offers numerous benefits – flexibility, comfort, and a better work-life balance. However, one of the unintended consequences of remote work can be reduced visibility. When you’re not physically present in the office, it can be harder for decision-makers to notice your contributions. This doesn’t mean that your work is any less valuable, but out of sight can sometimes mean out of mind.

Why Presence Matters

  • Spontaneous Interactions: Being in the office allows for spontaneous interactions with colleagues and superiors. These interactions can lead to mentorship opportunities, insights into upcoming projects, and chances to showcase your abilities in real-time.
  • Building Relationships: Physical presence helps in building stronger relationships with your team. It’s easier to establish rapport and trust when you regularly interact face-to-face, making it more likely that your efforts will be recognized and rewarded.
  • Demonstrating Commitment: While working from home can demonstrate flexibility and self-motivation, being in the office shows a level of commitment and eagerness to engage with the team and company culture directly.

Reflect and Adjust

If you’re feeling stuck in your career progression, take a moment to reflect on your current work habits. Ask yourself:

  • Am I making the most of my office days? Ensure that when you are in the office, you’re fully engaged and taking advantage of the opportunities to interact and contribute.
  • Can I increase my office presence? While it might not be necessary to be in the office every day, consider if there are strategic times or days when being present could make a difference.
  • How visible is my work? Even when working remotely, find ways to ensure your contributions are visible. Regular updates, participation in meetings, and proactive communication can help keep you on the radar.

Taking Action

If you acknowledge that increasing your office presence could benefit your career, make a conscious effort to adjust your schedule. Communicate with your manager about your intentions and seek their input on the best times to be present. It’s not about abandoning remote work, but about finding the right balance that allows you to maintain visibility and take advantage of in-person opportunities.

Final Thoughts

Career progression is a multifaceted journey, and while remote work offers great benefits, it’s important to stay mindful of how physical presence can impact your career development. By finding a balance that works for you, you can ensure that you remain visible, engaged, and on the path to achieving your professional goals.



If you’re contemplating a career move and are open to discussing your options or want to get a feel of the market, I’m here for a straightforward, commitment-free chat. Send me an email at slowes@levitaterecruitment.com to arrange a call.

My views are based on my 17 years+ of recruiting for Accountancy Practice and Insolvency professionals.

For advice about your career options, speak to Scott Lowes at Levitate Recruitment, specialists in placing practice-trained accountants and insolvency professionals across the UK, and find the right role to suit your ambitions.

 

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