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The benefits of working as an interim accountant

Working as an interim is not an option that is considered by everyone.

For many accountants, permanent employment has been the only choice and interim assignments have never been on the radar. However, depending on your circumstances, interim assignments could offer a very tempting alternative.

Working as an interim in the accountancy sector is no exception. There is an ongoing and healthy demand for accountancy practice interims and a large population of qualified and experienced accountants work on this basis.

For accountancy practices experiencing a short-term spike in workload or suffering an unexpected loss of key employees, an interim can provide a short-term, flexible solution that buys some much-needed breathing space and time to think.

For accountants, working as an interim demands flexibility and adaptability. Interims must be able to quickly and easily integrate into new teams and surroundings to begin adding value at the earliest possible opportunity. Not only does this require some refined interpersonal skills and empathy, but interims also need to be confident and robust.

What are the benefits of working on an interim basis?

There are, of course, many factors to consider when considering what interim assignments have to offer. It also depends heavily on your point of view or situation.

However, some of the obvious benefits are clear, irrespective of circumstances.

Filling a gap

For those individuals who prefer the permanent employment option, the idea of working as an interim may not have occurred. However, when the worst happens, and people are made redundant or lose their permanent jobs for another reason, the interim option is one to consider.

Not only does it get you back into work quickly (most interim or temporary positions tend to be urgent, needing people to start as soon as possible), but it also provides an excellent opportunity to prove your worth and secure a longer-term or even permanent, position with the business.

Motivation

For some, the variety and change associated with interim assignments remove the monotonous and mundane cycle of working in the same position for the same company, day after day, year after year. The idea of a fresh challenge in a new environment is a key motivator for those individuals that struggle with being in the same role or company over a more extended period.

Personal development

The opportunity to gain experience by working for different companies, in different environments and on different projects is also a guaranteed way of developing your knowledge, experience and skillset. This, in turn, raises your stock as a potential interim with specialist skills and experience.

Financial reward

The interim option is very much driven by supply and demand. Where the role is more generic, and the availability of people and skills is high, the rates are likely to be a little lower, although still favourable compared to a permanent salary.

However, where the role requires a more specialist skillset such as audit or tax, for example, then supply becomes leaner, and rates increase as a result. In some cases, daily or hourly rates can be 20% to 30% higher than a comparable annual salary.

The same can be said about the complexity of the role or the level of responsibility associated with the position. The more complex the role or, the higher the level of responsibility, the higher the rate is likely to be.

The key to negotiating rates for an interim position is to fully understand the value you can add to the company or the project. Your skills and experience will determine how attractive you are to the company. Being able to demonstrate skills or knowledge in specific areas will increase your marketability, as will a track record of completed projects and assignments along with the achievements gained. The better the track record and the stronger the knowledge, the higher the price.

At Public Practice Recruitment Ltd, we can help you to understand whether the interim or temporary option is right for you and, if so, what hourly or daily rates may be available to you.

Are you looking for an interim accountancy job?

If you’re looking for interim accountancy jobs, we’d encourage you to get in touch. 

We have a tremendous track record of introducing you (anonymously) to our long-term clients by highlighting your skills and attributes in line with each firm’s needs.

We will handle your job search for an interim accountancy role with the strictest confidence and sensitivity.

Call Public Practice Recruitment Ltd today for a confidential chat on 03335 777 787 or upload your CV here.

 

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