Hiring new graduates is important … and dangerous

Editorial Team
10 Min Read



What number of of you’ve got heard this accounting joke earlier than: “How do you see an extroverted accountant? They’re those who have a look at your sneakers as a substitute of their very own.”

A lot of our buddies chortle at us once we say we’re within the enterprise of hiring accounting graduates. In any case, how onerous can it’s to rent “nerds” who don’t desire social interplay, they suppose? Most of the hiring managers we work with are in search of extra than simply math and technical expertise for the accounting graduates they recruit. AI is more and more dealing with the repetitive quantity crunching that junior staffers used to do.

Increasingly more corporations are in search of candidates (together with latest grads) to have well-defined folks expertise they will develop to construct shopper relationships, usher in new enterprise and turn into agency leaders. Corporations additionally need candidates to have important reasoning expertise and never simply be “robots” who comply with processes and procedures blindly with out questioning or interpretation. Listed below are a number of the different gaps and deficiencies they inform us they’re seeing amongst new graduates they rent: 

  1. They’ve good school grades, however after they come onboard, they’re gradual learners.
  2. They rush to make choices primarily based solely on knowledge. They do not have a look at the large image to see if the choice is smart.
  3. They cannot prioritize when confronted with a number of assignments and deadlines.
  4. They’re afraid to ask questions after they’re not sure about one thing. 
  5. They’re so insecure that they ask superiors for affirmation each couple of minutes.
  6. They need seniority and duty with out placing within the effort to earn it.

With a expertise scarcity prone to face our occupation for the foreseeable future, latest school accounting graduates are the probably supply of recent hires. However many corporations are additionally taking a look at older “second profession” candidates — say former academics and directors — to fill the expertise pipeline.

Second-career candidates are usually extra affected person and mature than latest grads, and so they’re higher attuned to how an expert workplace tradition works. However with no related school grades to contemplate, and an extended and costlier coaching program wanted to get them on top of things, it is much more essential to make sure second-career candidates have the aptitude for the place you are making an attempt to fill. In any other case, it should be a depressing highway for each events … and probably very expensive. Our knowledge exhibits {that a} dangerous rent prices a agency round 100% of the worker wage, however greater than that, it creates stress for house owners and the crew, lowers morale and compromises supply of shopper work. 

Easy methods to determine one of the best candidates (or at the least know the caliber of these employed)

It comes down to 2 essential attributes:

  • Are they important thinkers?
  • Have they got a working model that matches the position?  

For those who can verify off each bins with confidence, there is a excessive likelihood that the candidate will work out.

There are a number of how corporations have historically tried to measure these attributes together with evaluation facilities, group planning workouts and shows. However the best and most correct methodology is to make use of science-based pre-hire testing — particularly important reasoning checks and persona profiles.

Essential reasoning checks

Capability checks, like our agency’s Essential Reasoning Take a look at, may also help decide how the candidate thinks (i.e., causes) and whether or not or not they are a fast learner. As an illustration, the reasoning take a look at helps quantify the diploma to which the candidate can:

  • Make sense of knowledge and remodel numbers into helpful insights;
  • Perceive complicated data and separate reality from noise; and,
  • Adapt to new concepts and grasp ideas outdoors their expertise. 

Robust scores within the areas above, mixed with good school grades, imply you are on monitor for a great rent who’s numerically literate and can study quick. The desk under may also help. It outlines key questions that your crew needs to make sure of, what a important reasoning capability take a look at will uncover, and the dangers you face if a difficulty goes undetected. For a deeper dive, see Why Would I Use A Essential Reasoning Take a look at On A Graduate?

What Your Accounting Managers Wish to Know What the Take a look at Checks The Threat if Shortcomings Are Not Recognized
1. Can they study accounting ideas rapidly? Can the candidate infer guidelines, spot patterns? Gradual up-take, rework
2. Can they cause with numbers — underneath strain? Quantitative logic, interpretation of unfamiliar charts and tables Gradual responses, weak analytics
3. How do they deal with ambiguity or incomplete knowledge? Forming hypotheses, weighing competing explanations, deciding with partial data Escalations the place pointless, evaluation paralysis 
4. Can they prioritize when the whole lot is pressing? Weighing proof and penalties,  distinguishing indicators from noise Gradual output, micromanagement required

Supply: Accountests 2025

Character profiles

Totally different corporations search for completely different attributes, however on this age of AI, we want our accountants to be higher communicators. It is the non-public connection and empathy that shoppers are prepared to pay for extra so than quantity crunching and filling in bins. That is the place the “Massive 5” persona traits — openness to expertise, conscientiousness, extraversion, agreeableness and neuroticism — are available. The traits, usually recognized by the acronym OCEAN, describe a person’s conduct, feelings and pondering patterns, and are sometimes used to foretell life outcomes like job efficiency and well-being. This is extra about Massive 5 Character Traits.

Three of the 5 profile areas might be particularly helpful for evaluating latest graduates: 

  1. Have they got a shopper service orientation? (Agreeableness)
  2. Have they got resilience and might address stress? (Neuroticism)
  3. Do they cope properly with change, and can embrace new applied sciences like AI? (Openness)
What you need as an employer Massive 5 trait(s) to give attention to Subject if rating is simply too low Subject if rating is simply too excessive
1. Service orientation Agreeableness (heat/affiliation/ trusting) Indifferent, poor at constructing relationships, proof against teamwork Over-accommodating, gullible, avoids robust conversations with shoppers
2. Resilience and stress tolerance Neuroticism  (emotional stability, calmness) Simply flustered/can burn out/takes criticism personally Too laid again, underestimates threat
3. Capability to deal with change and embrace know-how Openness (change centered, mental confidence) Resistant/clings to previous strategies/avoids studying Chases shiny instruments whereas ignoring dangers, over-implementation

Supply: Accountests 2025

There are such a lot of extra areas {that a} Massive 5 profile can determine — simply consider management potential, suitability to work remotely, capability to handle a number of initiatives, capability to promote, possession of ethics and drive.

A great persona profile will assist you determine a candidate’s most well-liked working model.  It does not let you know how they’ll work, as folks can work in opposition to their preferences.  For those who see challenges in a profile, your process through the interview is to dig down and see if the candidate acknowledges them and find out how to take care of them.

Why would you are taking possibilities hiring a candidate who won’t match your expectations? Getting hiring proper each time is important to the success of your agency. Use all of the instruments out there to make sure your crew is one of the best it may be.

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