Information sheet offering guidance for Chartered Accountants facing redundancy.
Professionals, including chartered accountants, are not immune from redundancy. If you are in this position it is important to get specialist advice and support. The Support Members Scheme has produced this information sheet to help you find the advice and support you might need.
Your employment rights
Redundancy issues are complex and specialist advice is essential. CABA offers ICAEW members free legal advice. You can contact this service by calling +44 (0)1788 556 366 or by visiting the Legal helpline page of the website.
Alternatively you can obtain advice from your local Citizens Advice, from ACAS or from a specialist solicitor. The Law Society’s website allows you to search for a solicitor specialising in employment law and you can also search by geographical location.
Probably the first thing on your mind will be to find a new job. ICAEW’s on-line career resource ICAEW Jobs allows you to browse and apply for jobs, sign up to job alerts and upload your CV to make it searchable by recruiters.
A range of other career resources is also available to members and they are detailed on the website.
Ask career advisors questions and share experiences with other chartered accountants using ICAEW’s Careers Community.
More general information, guidance and advice for those facing redundancy can be found on the Government’s National Careers Service website.
Use the events page of the website to find out about forthcoming events, conferences and training that might be of benefit to you.
Coaching and mentoring programmes
Enhance your career in finance with a bespoke coaching and mentoring programme from ICAEW Academy. Our industry experts can empower you and further your finance career with tailor-made professional development.
CABA also provide an extensive range of free career services including careers coaching. Members can get assistance preparing a CV, advice on interviews through to help facing redundancy or returning to work after a break.
Support and career progression advice if you are planning a career break or returning to the workplace after a break is available at career breakers. There is also access to peer support via the career breakers community.
Recently qualified accountants
Information available for recently qualified ACAs including articles on managing your career and working overseas.
The award winning library is an ideal resource for researching potential employers and finding out the latest accounting procedures by sector prior to interviews.
Building and maintaining a good network of contacts can pay dividends to your career. Online social networking via tools such as LinkedIn now plays a major role, and makes it easier than ever to stay in touch with people. Guidance on networks and networking is available on the Networks and networking page of the website.
As a Chartered Accountant you and your family can apply to the Chartered Accountants’ Benevolent Association (CABA) for financial support in times of need. If you are worried about keeping up with loan or mortgage repayments or meeting other financial commitments then you may benefit from calling CABA’s debt management and support service. You can contact CABA in complete confidence on +44 (0)1788 556 366 for independent, impartial and confidential advice or visit the website at caba.org.uk.
Someone to talk to
Redundancy is a stressful time for you and those around you. We all know that it is good to talk and you may find it helpful to speak to someone about your situation and your own particular concerns. CABA provides a free, confidential counselling service for members and their families on +44 (0)800 107 6163, whilst information and fact sheets can be downloaded from the website caba.org.uk. A webchat service is also available.
Alternatively you may want to talk through your situation with a support member.
About the Support Member scheme
CABA has a debt management and support service to help members resolve their debt issues by providing free, independent, impartial and confidential debt advice and support by experienced debt advisors including:
- Advice on benefit and tax credit entitlements to help maximise income
- Help with budgeting;
- Information on debt related matters, e.g. rights of the debtor, the enforcement powers of the creditor etc.
- Negotiating with creditors and other third parties;
- Interpretation of debt related letters, legislation, court forms, official documents etc;
- Court representation
Visit caba.org.uk for more information on the debt management service or to find out about the financial assistance and other support to members, former members and their families.
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