🦜Accountants: Value Yourself and Elevate Your Pay 💸

Welcome to the latest chatter from The Accounting Parrot Newsletter!

In today’s edition, we’re jumping into a topic that’s close to my heart: the importance of valuing yourself as an accountant and taking steps to elevate your pay. I remember my first job in the accounting industry, which paid me only RM 1,600.00 a month. This low salary made it hard to feel valued as a newcomer to the profession.

Let’s explore how recognizing your worth can transform your career and improve your professional life.

Understanding the Current Landscape

As accountants, we face some major challenges in our profession. Starting salaries often fall short compared to other fields. We endure periods of long working hours, particularly during peak seasons, and face ever-increasing pressure from clients.

There's a noticeable decline in interest among students pursuing accounting careers. Additionally, people from non accountancy backgrounds find it tough to break into the field. Why are accountants still not being valued and adequately compensated?

This is clearly not good 😥

KPMG's Commitment to Change

In light of these challenges, it's inspiring to see companies like KPMG Singapore taking proactive steps to address these issues. Recently, they announced a significant commitment of over $100 million over the next five years to enhance salaries, advance technology, and invest in training programs. This initiative will positively impact more than 3,500 employees in Singapore, focusing on three key areas:

- Salary Increases: Providing competitive compensation to attract and retain talent.

- Technological Advancements: Leveraging new technologies to streamline processes and improve efficiency.

- Upskilling Programs: Offering continuous learning opportunities to help employees grow and adapt to industry changes.

For the rest of us that are not working in fancy accounting firms, what can we do to increase our value ? 🤑

The Importance of Self-Valuation

Valuing yourself as an accountant is crucial for career satisfaction and progression. Here are some strategies to enhance your self worth and professional value:

- Continuous Learning: Stay updated with the latest industry trends and technologies. Invest in courses and certifications that can add value to your skill set.

- Networking: Connect with other professionals in your field. Networking can open doors to new opportunities and provide support.

- Self Advocacy: Don’t hesitate to negotiate your salary and benefits. Know your worth and communicate it effectively during performance reviews and job interviews.

- Work Life Balance: Prioritise your well-being to maintain a healthy work-life balance. A balanced lifestyle can enhance your productivity and job satisfaction.

In Malaysia there are companies that value accountants by offering them a good salary, comfortable benefits and flexible working hours. This week we would like to share with you a cool accounting job from an exciting and supportive workplace.

Cool Accounting Jobs

This week, we’re highlighting a fantastic job opportunity that aligns with the theme of valuing oneself and seeking better pay. The featured job is for an Assistant Finance Manager at Fatfish Group Limited, located in KL Eco City, Malaysia. The position offers a salary ranging from RM 7,000 to RM 8,500 per month.

Why is this job cool? As an Assistant Finance Manager, you'll manage financial operations, prepare reports, and ensure timely payments, gaining hands-on experience in corporate finance and tax management. The role requires 3-5 years of experience and offers great perks like flexible working hours, a diverse work culture, and even a shared snack stash! 

Interested in this opportunity? Click here to learn more and apply.

Remember, valuing yourself is the first step to elevating your pay and advancing your career. I encourage you to reflect on your worth, seek opportunities that match your value, and never stop learning.

Accounting Parrot is your go to source for the latest industry trends and exciting job opportunities. Whether you're an accounting professional in Malaysia, Australia, or anywhere else in the world, we're here to keep you informed and engaged.

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