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Showing posts with label Accountancy. Show all posts
Showing posts with label Accountancy. Show all posts

Wednesday, 17 June 2015

Accountancy firms excludes working class job applicants

Accountancy firms excludes working class job applicants

Many of us will have heard the news this week – it seems that some sectors are deliberately favouring upper class applicants for jobs within their companies.
Accountancy, sadly, is one of these sectors, according to results from the government’s social mobility watchdog , where top accountancy firms have found to be “systematically” excluding working class applicants from their workforce.
The Social Mobility and Child Poverty Commission has report shows that 70% of job offers from elite accountancy, financial services and law firms in last year went to graduates who had been educated at in private or selective schools.
Alan Milburn, commission chair, said;
“This research shows that young people with working-class backgrounds are being systematically locked out of top jobs.
“Elite firms seem to require applicants to pass a ‘poshness’ test to gain entry. Inevitably that ends up excluding youngsters who have the right sort of grades and abilities but whose parents do not have the right sort of bank balances.”
However, the report did note, that the accountancy profession did support more flexible routes to qualification, with the CIPFA being singled out as being one of the UK’s professional accountancy organisations that backs the Association of Accounting Technicians.
It is not too long ago that we wrote about the inequality in wages between gender and this is also something else that has to – and no doubt, will – change.
As the commission said, this report was a “wake up and smell the coffee moment”; let’s hope that employers take note and going forward, some form of action can be taken if it is found that candidates have been selected not on merit and hard work, but purely by background.
Have your say and join in the conversation on Twitter with us @OmnitasTax – we would love to hear your thoughts! Follow us on Facebook too and we will keep you posted with all of the latest accountancy and tax news, and of course, some great tips for small businesses.

Tuesday, 24 March 2015

Is public trust in British business still dangerously low?

Is public trust in UK business still dangerously low?

Polling and Research Company research YouGov have just released their findings following their recent survey regarding public attitude towards business.

The results do not make for happy reading.

Some six years on from the financial crisis, trust in corporate Britain remains at worryingly low levels. Asked how much they trusted various sectors and professions, the public revealed the extent to which trust between business and customers has been eroded.

Whilst 81% trust teachers and 89% trust nurses, only 49% trust managers of small firms. Entrepreneurs are trusted by just 30% of the public.

What are your own experiences and thoughts? Is trust affecting your business?

In this new economy, a positive trust rating is highly prized by both buyer and seller. Transactions are humanised and social media allows experiences – good or bad – to be shared locally and around the globe.

Addressing the lack of trust in business should be a priority for government, policy makers and, of course, for business owners themselves.

The price for not addressing this will be the emergence of a society that risks turning permanently against its wealth creators, and a society that goes down that road will very soon face a number of serious challenges.

A new economic system based upon trust, transparency and accessibility is one we at Omni strongly believe in.

We would love to hear your thoughts on the matter. If you are a business owner, how do you build trust with your clients? Is the interactive way in which we all research our purchases and decisions a good or bad thing?


Tweet us @OmnitasTax and let us know your thoughts, or join in the conversation on Facebook – we are here to help and offer impartial free of charge advice to UK businesses, however big or small they may be.