Author Posts

The Importance of Emotional Intelligence in Finance

Employers in every industry – even tech – say they’re now hiring for emotional intelligence. But what exactly is emotional intelligence? Why exactly is it so crucial? And perhaps most importantly, how do you hire for it? Today we’ll take a look at the issue and provide tips for finding finance candidates that have the right mix of hard and soft skills. What is emotional intelligence?

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Hire Fast, Help Your Business

A tight labor market and increasingly choosy candidate pool is creating a sense of urgency among employers to hire quickly, or lose top talent to their competitors. As unemployment continues to drop, candidates have additional career options and are more willing to leave their jobs for what appears to be greener pastures. This exodus of qualified professionals can be expensive—and stressful—for all companies involved. So, who are the most eligible candidates, and how are businesses quickly engaging with them?

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Accounting Interview Questions and Answers

Most people make two devastating mistakes when being interviewed: failing to listen to the question and attempting to answer questions with virtually no preparation. Practicing for your interview is a key component in the application process and can make or break your chances for getting the job  you want. Below you will find fourteen of the most frequently asked interview questions, regardless of  job classification.

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Are you qualified for a career in finance?

If you’re considering a career in finance, you’re probably wondering what it takes to qualify for an entry-level job in the sector. Careers in finance are plentiful and varied, so you’ll find finance jobs in just about every industry and organization. Below is a sample of entry-level jobs as well as a look at the education and skills needed to get your foot in the door. Financial data analyst Financial data analysts study information, identify relevant insights, and compile them into financial reports.

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The Gender Gap in the Finance Industry

In the U.S., the average woman working full-time makes just 80.5% of what her male counterpart makes. Individual choices and personal preferences on the part of workers partially cause this disparity. One Harvard study from 2018 found that the female workers within their study favored flexibility, work/life balance and family leave more than the men in the study. The men in the study favored the marginal wage increases in exchange for working more and/or less favorable hours and shifts.

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Financially Planning for Longer Lifespans

In 1970, the life expectancy for a U.S. resident was 70.81 years. By 2016, that number increased by nearly eight years, to 78.69 years. Meanwhile, “full retirement age,” as defined by the Social Security Administration, has crept up from age 65 (for those born in 1937 or earlier) to 67 (for those born in 1960 and later). As people continue to live longer, yet retire around the same age, it becomes increasingly important to shore up and stretch retirement savings longer.

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Career Advancement for Accountants

The accounting profession is constantly evolving and incorporating new practices, technologies, and trends. You’re always learning new things at work, but it’s also important to keep your skills relevant with a combination of education and professional development. This is crucial to establishing and advancing within your accounting career. According to Accenture, 80% of accounting and finance tasks will be delivered with automation by 2020.

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4 Kinds of Toxic Managers and How to Cope

Being a manager isn’t easy. The technical skills a person relies on early in their career don’t always translate into the core skills needed to lead others. If they did, anyone could be promoted and adored by their employees. Of course, we know that’s not the case; toxic managers walk among us. Usually, a terrible working environment is the direct result of having an ineffective leader. Take a look at these four types of toxic managers you may encounter in your career.

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Succession Planning: How to Identify Leaders

For an organization to grow and continue to meet its goals, it needs a plan in place to identify and develop leaders. Many companies have programs in place for leadership development, but to properly identify leaders is perhaps even more important. It can also be more challenging. When companies identify leaders early in their careers, they have more opportunities to develop their skills. Good leaders are cultivated over a career, not in a period of one to two years, so it’s crucial to start early.

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