#Nottinghamshire Archives - Astute Financial

“In todays’ talent starved candidate pool, how many interviews is the right amount of interviews to get the best candidate?”

Born from a genuine conversation between a senior recruiter here at Astute Recruitment with a client for a Head of Finance role we are recruiting for: –

OUR CONSULTANT: “Great I’ll get the first interviews arranged, how many interviews did you want to have in your process?

THE CLIENT: “5, is that normal?”

OUR CONSULTANT: “Typically a 2-interview stage process is the norm. 3 stages are acceptable for a CFO/ FD role, but 4 interviews is getting silly, let alone 5! The candidates won’t be available for a 5-stage process, they are already interviewing for other roles which are 2 stop processes, and they will get snapped up.”

THE CLIENT: “Oh, I see, yes I’ll speak to the Directors, and we can streamline the process to 3 as we are pretty confident with the shortlist you have provided! Thank you for the advice!”

So, we wanted to raise this question.

“In todays’ talent starved candidate pool, how many interviews is the right amount of interviews to get the best candidate?”

As a niche specialist in sourcing finance professionals, our team regularly give consultative advice around this and other recruitment issues. Why do we feel the two-interview process is best?

We give you example ‘A’.

A UK Group FD needs a senior financial reporting accountant for a permanent role. The client realises that the role profile is a difficult one – someone ACA or ACCA with original practice background who is looking for their second move from practice, already having a role in industry.

We shortlisted 2 great options and the client agrees that they would like to arrange interviews in short order. We have told them that both are in play for other roles.

The client’s process.

Initial interview consisting of a presentation around key objectives in the role and around what the candidate’s envisage their first 3 – 6 months looking like. What they plan to bring in and how they would deliver specific projects etc. The second part of the first interview will be to discuss these with the FD.

The second interview? Aiming to drill into more depth about the candidate’s vision, aspirations and attributes relevant to the role and business they are interviewing for. There would be 2+ representatives from our client and a good opportunity for open, two-way questions from the candidates and the client.

Then a decision would be made, with an initial verbal offer and a ‘meet the team’ opportunity.

Example ‘B’.

A global corporate and valued client has been looking for a qualified accountant to work in their Global Head Office. Specific criteria mean that FBP and analysis skills are essential requirements.

The client’s interview process?

After shortlisting just two exceptional applicants, a first interview was conducted with the overall line manager for the team. This detailed interview enabled the manager to ask incisive questions around the candidate’s expectations, where they wanted their career to develop and why they would be great for this role.

The second interviews, which have just been concluded, consisted of online interviews with senior stakeholders the relevant candidates would be working with should they be successful! The client’s stakeholders were able to give a ‘warts and all’ appraisal of the role, the good, the bad and the ugly if you like!

The line manager specifically wanted this honesty in the process, and we entirely agree!

Then there would be a ‘de-brief’ with the feedback discussed internally and an offer of employment to one of the candidates within 24-36 hours. As the preferred recruitment partner for our client – we are completely aligned with their process, can ensure our candidates are aware of timelines and everyone’s expectations can be fully managed.

For lower level/ more junior roles across transactional finance, swift interview processes with agreed timelines are equally important to ensure that good candidates are not lost due to quicker recruitment processes elsewhere.

Key points to take away:

According to a survey 62% of finance professionals say they lose interest in a jobif they don’t hear back from the employer within two weeks – or 10 business days – after the initial interview. That number jumps to 77% if there is no status update within three weeks. Our qualified recruitment team totally agrees!

26% of respondents to the survey said they would leave a negative comment anonymously on review sites if they felt like they were being strung along, potentially harming the chances for the company to attract top talent down the road.

If a company is indecisive, it can provide a candidate with crucial insight into the company’s culture. “If the decision-making process is this difficult for the organisation – if they’re not able to pull the trigger after three or four interviews and you’ve done everything asked of you and they’re still unsure – then that’s a key indicator of what it might be like to work for that organisation and those managers,”

An often missed point in a recruitment process is that the process itself is an opportunity for the employer brand to really shine!

Not just to the successful candidate but to all candidates who are part of the process.

A good, professional recruitment process can provide a glowing image of the business and the way they conduct themselves. This can mean increased perception in the market as an employer brand of choice and can create an appetite in potential hires that they want to work for such a great company that take their employee selection process seriously.

It can also create an appetite amongst key recruitment partners whether internal recruiters, external HR professionals or specialist recruitment agencies/ consultants that this is a great company to flag to talented new applicants/ candidates.

“So, be Astute and to recruit the best

candidate for your opportunity.

Make your recruitment process the

best, smoothest and most efficient it can be.”

You could be attracting an A Player of the future, even a business referral!

Our Qualified Team are happy to give confidential advice if you are a client thinking about a potential recruitment process, or if

you have any other questions around recruitment.

Our Qualified Recruitment Team: –

Andy Lilliman – Recruitment Manager

Qualified Permanent – City of London & Greater London andy.lilliman@astuterecruitment.com

Richard Bowe

Interim Qualified – East Midlands richard.bowe@astuterecruitment.com

Tom Norton

Qualified Permanent South Derbyshire, South Notts, Staffordshire tom.norton@astuterecruitment.com

Harry Langridge

North Derbyshire, North Notts

Harry.langridge@astuterecruitment.com

Matthew Morgan

Nottingham City Centre and Central Notts matthew.morgan@astuterecruitment.com

This topic is discussed in more detail with some great comments from actual people – from recruiters to real candidates – discussing their experiences: https://www.bbc.com/worklife/article/20210727-the-rise-of-never-ending-job-interviews

IMPORTANTLY: BE CHOOSY!

CHOOSE YOUR RECRUITMENT CONSULTANT/ RECRUITMENT AGENCY CAREFULLY!

Recruitment consultants all offer varied services for candidates; they can vary in the way they interact with their candidates, the type of clients they focus on, the geographies they cover and of course the specialisms they focus on. Look at the website, have they any accreditations? Have they won any business awards? What are their testimonials like from candidates and clients they have worked with? How string are their reviews on Google? Check them out on LinkedIn.

A really professional recruitment consultancy will have positive testimonials, great reviews on Google, and super testimonials.

We do! A bit biased but we like to shout about what we do well.

Check out our 5* reviews from happy candidates and clients HERE.

To look at some of our candidate testimonials HERE

See what our client’s have to say about us HERE.

client range and career markets. Make sure you pick an agency that is compatible with you.

Remember it’s a partnership- both you and the consultant need to work together pro actively in order to reach the ultimate goal of securing you a new job. The measure of a good relationship is remembrance and re-occurrence over time; At Signet Resources we have had candidates contact us who we helped over a decade ago!

Here are a few words from our consultants….

‘It’s all about the partnership- It’s a two way thing’

‘The best candidate relationships I have developed start with Honesty right from the beginning with expectancies set from both sides.’

‘Keep open and direct lines of communication in order to develop honest and collaborative partnerships with each individual candidate.’

Here we have listed some key tips to help you develop and manage a really good relationship with your recruitment consultant.

Be CLEAR:-

About the specific job you want.
The areas you want to work in and contact relevant sector recruitment agencies accordingly.
Is career progression important to you? Tell the consultant!
What are the most important things you are looking for in the next job?
What are the best channels for quick communication with you throughout the recruitment process (texts/ emails/ WhatsApp)?
What minimum notice must you give?
Your availability for interview.
What areas do you need help with? (Interviews? Offer Management? CVs?).
How flexible can you be for meeting up/ online chat/ calls?
When is the best time to contact you about job opportunities?

Agreeing the above, will confer to the recruitment consultant that you are seriously looking for a new position and that you are ready to be fully active on the job market.

If you can show you are serious about looking for a job the recruitment consultant will take YOUR application seriously.

A consultant needs to know what you want. If you need advice/ help support be clear on this.

Remember recruitment consultants WANT to find you a job but they are not mind readers.

Be REALISTIC:-

Salary expectations:- If you are a part qualified accountant you are not going to command as much salary as a fully qualified accountant. Yes – salaries are creeping up but be realistic!
Have a reasonable timeline to secure a new job.
Time Management: Interviews and preparation for interviews take time. Make sure you have built in time for the next few weeks to attend interviews, take calls and research companies pre-interview. If you are about to enter the busiest point of the year work wise, (year end anyone?) then now is not the time to also squeeze interviews in. The quality of interview you give could be compromised. Instead allocate a month when you know attending interviews/ do an online MS Teams or Zoom recruitment call will be easier for you!
Hours:- Can you do overtime on a regular basis if that’s key? Or do you need to be home by 5pm/ 6pm for dependants etc. Be upfront with the consultant on this and they can work with you to flag the most relevant opportunities with the right mix of flexible benefits.

Be RELIABLE:-

Keep in touch/ Regular Communication:- Return all calls/ messages /emails promptly.
Follow instructions!
Be punctual for interviews/ agreed meetings;
Provide feedback as agreed;

If you can be CLEAR, REALISTIC, and RELIABLE, congratulations! You will be a sought after candidate to any recruitment consultant and you can look forward to securing a new role soon!

BACK TO BLOGS

I would love to hear your views on this as it is consistently one of the top 3 issues senior and junior accountants have raised whilst looking for new job. If you have enjoyed this post please click here to view other posts on our website.

Recruitment is a funny old game.

No two days are ever the same!

From arranging interviews, and sourcing jobs,

To building confidence, coaxing pre-interview nerves to stop!

Earlier today, a young chap called back

Relaying his interview feedback

He’s really keen and thanked me for the interview prep

He really wants our job and hopes he gets to the next step!

Then a qualified temp role to recruit, we needed CVs!

Onto the phones to drum up great interviewees

A few calls later, we have a stellar candidate

Our client loved the profile, ‘Can they start on Monday around 8?

Then its onto reference checks,

Its important to ensure our candidate’s skills meet our client’s specs

Now to cover for a dear colleague whose very ill,

Ensuring continuity for their clients with their jobs we’re trying to fill.

Everyone is lovely and wishes our colleague all the best

So they can return soon, after having lots of rest (heart emoji)

Now its near home time for us in the office, the rest are WFH

Some are on annual leave, having a well deserved break from the phone!

Whether you’re a trainee recruiter, or a managing consultant

Recruitment is a helter-skelter, helping those needing a new move to those made redundant.

The ability to help guide those starting their finance careers

As well as to help FD’s and CFOs recruit amongst their peers

So if you’re looking for a brilliant new accountancy recruiter

Call our amazing, happy team – we really are ‘astuter’

With flexible working, and happy team vibe,

Your career in our family will really develop and thrive!

We are a multi-award winning and rapidly growing accountancy recruitment consultancy. We are recruiting for several opportunities, from Trainee Consultants to experienced Senior Consultants and Managers.

If you are looking for a genuinely original, caring, and fun team, who value integrity and honesty above all else, pop an email to Mary Maguire or Sarah Stevenson.

They will be delighted to arrange a confidential time to talk to you about what we can offer.

Remember: –

If you need to recruit

Call our team at Astute!

“A smooth sea never made a skilled sailor.”

A great quote by FD Roosevelt. We feel that the same applies to accountants.

It’s through the turbulent times though that we learn, in life and at work. When things don’t go quite as planned, we have an opportunity to learn, to become a better sailor – or, in the case of our clients, become a better business, and our candidates – to become better accountants.

Enjoy the smooth sailing when the seas are calm. But when the surf swells and storms brew, remember: that experience brings the ability to cope with headwinds.

The same is true of accountants and all finance professionals. From credit controllers who can free up much needed cashflow by reducing outstanding debtors to a strong Finance Director or Financial Controller who can win that key tender or negotiate better rates with that new tender. Hard experiences teach finance professionals how to cope in difficult situations.

Our Astute seafaring ode to accountants everywhere: –

What is a business, without an accountant at the tiller?

Assessing performance, the greatest biller?

Forecasting growth, future success,

How to improve profits, stakeholders to impress!

Through recession, through growth, the bad and the good,

None can enlighten like a great accountant could.

Through the choppy waters of business life,

A strong accountant can solve financial woes and strife.

A seasoned finance professional,

Can bring a steady hand and deliver the exceptional.

Financial accountants; “How much are we owed?”

Payrollers processing pay for those furloughed.

Credit controllers to keep debtors down,

Managing relationships with a smile not a frown.

Part Qualified and Finalists, improving analysis,

Working hard to avoid performance paralysis.

Accountants in the office or WFH,

Rest assured, their value alone,

Will see your business thrive and grow.

So #BeAstute, use the finance recruitment firm ‘in the know!’

Contact our team ‘in the know’ for your career development or to source an experienced accountant in your finance team: –

Mental Health Week Can Your Business Afford to Ignore Mental Health?

We investigate the key impacts, costs, AND savings to companies of mental health at work.

Mental health has increasingly been highlighted as a key factor in business and employee performance, success and productivity.

This year’s Mental Health Week has special importance with the global fight against covid sars 2. Millions of workers, everywhere, across the world have been impacted.

Some working remotely, some furloughed. Some facing redundancy. Some already recently made redundant.

People’s work suroundings and working conditions have been turned upside down in just a few, short months, and whilst efforts to crank up the wheels of industry are in motion, the working landscape is likely to have been changed forever.

Nearly 1 in 7 people, almost 15% suffer some degree of mental health problems at work.

Men in full time employment are half as likely as women to experience mental health problems.

Nearly 13% of all staff absences in the UK can be attributed directly to mental health conditions.

According to research, improvements to mental health frameworks at work could equate to over £8bn in savings for UK businesses alone!

In today’s uncertain ecconomy, business owners, Finance Directors and senior management are more conscious than ever to seek good returns on investment and save money and more importantly improve staff engagement, morale and resilience.

What better way than to invest in staff?

But what are the cost benefits? How can this improve my balance sheet and company performance?

According to The Mental Health Foundation, workplace interventions including employee screening and care management strategies for those living with (or at risk of) depression was estimated to cost £30.90 per employee for assessment, and a further £240.00 for the use of CBT to manage the problem, way back in 2009 alone.

An economic model conducted in a company of 500 employees where two thirds are offered and accept the treatment, an investment of £20,676 will result in a net profit of approximately £83,278 over a two year period.

So, how can employers, HR teams, business leaders put in place policies to effectively improve employee wellbeing and mental health in their workforce?

Make it personal.

Employ personalised, tailored information for staff

Create bespoke advice specific to your staff, your business and working environment

Create risk assessment questionaires

Encourage staff to watch online seminars

Implement online workshops using experts

Use experts. You don’t have to do this alone. Use businesses like Precise HR Ltd, who can give honest, tailored advice specific to your company, workforce, industry and importantly, your budget!

The cost?

Approximately £80 for every employee, for 12 months.

The saving?

According to the Mental Health Foundation, for a company with 500 employees, where all employees undergo interventions, it is estimated that an initial investment of £40,000 will yield a net return of £347,722 in savings. Mostly due to reduced presenteeism (lost productivity caused by an employee working while ill) and absenteeism (work hours missed due to ill health).

In another article by Michael Parsonage and Geena Saini, their report highlights that mental health problems in the UK workforce cost employers almost £35 billion just 3 years ago.

They broke down the overall costs as follows: –

£10.6 billion in sickness absence;
£21.2 billion in reduced productivity at work, or ‘presenteeism’
£3.1 billion in replacing staff who leave their jobs because of their mental health.

So, conclusively, the costs of ignoring mental health for your employees, simply can’t be ignored.

More useful links for detailed reports, information and advice on Mental Health issues: –

The Mental Health Foundation

Precise Hr Ltd

The Centre For Mental Health

The UK Government’s Latest Advice on Mental Health and Wellbeing

…………. Below 2b curated…….

References

Lelliott, P., Tulloch, S., Boardman, J., Harvey, S., & Henderson, H. (2008). Mental health and work. Retrieved from gov.uk/government/uploads/system/uploads/attachment_data/file/212266/hwwb-mental-health-and-work.pdf

Stansfeld, S., Clark, C., Bebbington, P., King, M., Jenkins, R., & Hinchliffe, S. (2016). Chapter 2: Common mental disorders. In S. McManus, P. Bebbington, R. Jenkins, & T.Brugha (Eds.), Mental health and wellbeing in England: Adult Psychiatric Morbidity Survey 2014. Leeds: NHS Digital.

ONS. (2014). Full Report: Sickness Absence on the Labour Market, February 2014. Retrieved from webarchive. nationalarchives.gov.uk/20160105160709/http://www.ons.gov.uk/ons/dcp171776_353899.pdf [Accessed 28/07/16].

Sainsbury Centre for Mental Health. (2009). Briefing 40: Removing Barriers. The facts about mental health and employment. Retrieved from ohrn.nhs.uk/resource/policy/TheFactsaboutMentalHealth.pdf

Knapp, M., McDaid, D., & Parsonage, M. (2011). Mental Health Promotion and Mental Illness Prevention: The Economic Case. Retrieved from gov.uk/government/uploads/system/uploads/attachment_data/file/215626/dh_126386.pdf [Accessed 02/07/16].

Your CV Profile –

Increasingly for candidates, anything that can flag a CV to a potential employer is great.

But what to include? What to specifically cite? How to keep things concise but genuinely show you have made a difference and why you stand out?

Below is part of the profile for an experienced Finance Director who Astute Recruitment has worked with for a number of years.

Experienced SME Finance Director with a proven track record of success, supporting strategic objectives with financial acumen and operational pragmatism.
Facilitated ‘fundraise’ with PE – pre and post-acquisition
Pro-active manager and influencer, empowering staff to take ownership
Providing coaching, training and mentoring to build cohesive teams and business partnering senior management.
Proven experience working alongside MDs and Senior management teams driving businesses forward
Focussed on achieving individual targets and company objectives and offering excellent relationship management skills.
Experienced in financial and corporate management to ensure the achievement of commercial goals within budget.
Extensive SME experience and management of external relationships with banks, insurers, suppliers and investors.

“Driving business projects to deliver business strategy”.

This is someone who one of our Directors has personally known for a while and who has sat on both sides of the client/ candidate fence. Their words and the way they succinctly covered their key attributes was great and we wanted to share this.

The candidate identifies specific, key deliverables and specific, defined savings they have made to the business and specific ways they have delivered success in their previous roles. They did this citing in percentage terms, the differences to the profit and balance sheet of their company. Where they had saved time – they cited the exact amount of time. They were clear that they had taken ownership of the improvements cited.

Another key part of this is to ensure that all the Job Boards you are registered with and your LinkedIn profile also all reflect accurately the most up to date version of your CV. Often we discover a candidate’s online profile varies to the latest CV they forward to us. Consistency in all things applies – especially in terms of your own candidate CV, personal profile and branding online.

For obvious reasons – we cannot state the identity of this eloquent person, as they are still in a permanent role!

Nor can we cite specific deliverables or critical success factors for confidentiality, but if you are reading this and your business needs someone like this – let our Qualified Team know and we will gladly facilitate an introduction!

We hope the above provides some inspiration for those struggling to write up / update their own profiles/ CVs.

Astute’s Team!

Richard Bowe – Senior Consultant Interim Qualified Accountancy

Tom Norton – Senior Consultant Permanent Qualified

Andy Lilliman – Recruitment Business Development Manager

Sarah-Louise Wykes – Manager, Interim Transactional Finance Staff, Part-Qualified to Qualified Accountants

Charlotte Sproat – Permanent Transactional Finance Staff, Part-Qualified to Qualified Accountants (Derby, South Derbyshire, North Leicestershire, Staffordshire, South Notts)

Debbie Jackson – Permanent Transactional Finance Staff, Part-Qualified to Qualified Accountants (Derby, North Derbyshire, North Nottinghamshire)

Have you heard about our Triple-Point Guarantee? Article featured in AGENDA magazine’s Autumn Edition 2018

Astute Recruitment in Queen Street is re-inventing the way recruiters are seen with a unique ‘Triple Point Guarantee’, which offers clients £500 in cash should their vacancy not be filled in time.

The service is being offered to companies with a permanent role available which choose Astute as their sole recruiter for an agreed time period and is the first policy of its kind to be offered by a recruiter anywhere in the UK.

Mary Maguire, MD of Astute Recruitment said: “We really want to set ourselves apart from our competitors and demonstrate our commitment to offering value and high standards of service.”

“We work across the East Midlands with a great number of SME’s locally, so anything we can do to support our clients and make a real difference to their business, we will embrace and the Triple Point Guarantee is exactly that.”

“As well as the £500 payment, we also offer free replacements and pro-rata fee rebates if a candidate leaves the role in the first eight weeks of placement.”

“We pride ourselves on being able to place the right people in the right roles – this policy demonstrates how confident we are in this and gives clients peace of mind.”

Astute has worked to secure more than 1500 jobs for local businesses and is continuing to go from strength to strength, hiring three new consultants in the last six months and launching a highly successful commercial division.

With Christmas round the corner and the realisation that another year is over, families will be getting together recounting the year gone by and looking ahead to 2018. Christmas also affords some time to reflect on aspirations – personally and professionally. Many try and quit bad habits. A lot vow to keep attending that expensive gym beyond the first week of January! (Guilty!)

The holidays are a prime time for a lot of people to take stock of their lives and often their careers. How many of us are truly 100% happy in our job? Maybe that promised payrise hasn’t materialised AGAIN.. Or maybe the promise of flexible working has been pushed to one side too many times. Perhaps the realisation that actually promotion opportunities won’t be around the corner as you were told on interview? A lot of us spend more time at work than with our children, husbands and wives. Surely we deserve to be happy? Surely everyone deserves to work in a business where their emotional wellbeing and personal development count and not just profits?

If you find yourself pondering any of the above the team here at Astute would be delighted to offer some impartial and completely confidential support and advice. Often it is not just about changing job but actually communication and letting your supervisor/ Finance Director/ Managing Director know you are unhappy? The examples above are genuine cited from many an accountant, credit controller, administrator and more as frustrations.

Sometimes no matter what you do or say – the situation doesn’t change and you are left in a position where you are feeling frustrated and unappreciated. If that’s the case, its great to reach out and speak to a third party who will be able to give you some impartial and constructive advice- Particularly if you have been in one job for a long time.

So – this Christmas – enjoy a glass (or two) of wine, embrace the warmth of loved ones, but also take a moment to think about your own goals and aspirations for the forthcoming 12 months. Then come January – reach out and do something positive to make 2018 a truly memorable year for you and your families.

hffk

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Mike

2 years ago

Highly recommended! Josh and Sarah have been fantastic at Astute. They've found and placed me in 2 jobs now between them, both really responsive and excellent at keeping you up to speed with things. Very knowledgable about the roles and happy to talk to companies with any queries you have.

C R.

Great agency one of the best ones I've worked with! Liz has been a great help and support in helping me towards a new direction in my career life. She is very attentive and keeps me in the loop at all times! She makes the extra effort to work with my preferred requirements for work and even if it isn't completely attainable she meets me in the middle and does as much as she can to help! Also Liz is very funny might I add

and I'm happy that I can now put a face to the name after all these years! Thank you again Liz for all your help and support!

Christine

Josh and the Astute team was very swift to help me to find roles that matched my profile. They are really reliable and will help through every step of the recruitment process going out of their way to assist and follow up when needed. Could not find a better recruitment agency!

Helen Pinegar

Fantastic recruitment agency.. Josh was extremely enthusiastic, encouraging and clearly knowledgeable about what was needed from both the employee and the employers point of view. Extremely supportive especially in regards to interview preparation and endeavoured to procure feedback promptly. Wouldn’t hesitate to recommend Astute in the future to both candidates and recruiting businesses particularly for the right fit for the role!!!

Lisa Leigh

I have worked as a candidate for Astute and they have been excellent. Super friendly service and professional agents keen to fit the right person to the right job. It has been a pleasure dealing with them and I would happily work for them again in the future. Highly recommend this agency.

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