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Feeling the pinch!!

mfwardukmfwarduk Just JoinedRegistered Posts: 4
I am currently working for a firm of accountants as a junior and also studying for my AAT Technician level, which the company pays for.

However, during these times of "credit crunch" the clent base has slowly been decreasing due to the fact that professional fees are the last thing people want to pay if they are having financial problems. So, we are finding ourselves with less work and there has been talk of people having to leave if this trend carries on into the coming months.

As a junior, would I be the first to go and I was wondering if anyone else is experiencing the same situation? :001_unsure:

Comments

  • *Sarah**Sarah* Well-Known Registered Posts: 172
    Hi

    I'm sorry to say that it is quite possible that they would get rid of junior staff first. How long have you been there?

    Sarah
  • mfwardukmfwarduk Just Joined Registered Posts: 4
    I have been here a year and a half, so I dont even think they have to give me much notice!!

    Matt
  • *Sarah**Sarah* Well-Known Registered Posts: 172
    hmmm check in your contract but i think most places will only pay redunancy if you have been there 2 years
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    *Sarah* wrote: »
    hmmm check in your contract but i think most places will only pay redunancy if you have been there 2 years

    Legally it states reduncy is a weeks pay for every year you have been there but thats after two years.
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    mfwarduk wrote: »
    I am currently working for a firm of accountants as a junior and also studying for my AAT Technician level, which the company pays for.

    However, during these times of "credit crunch" the clent base has slowly been decreasing due to the fact that professional fees are the last thing people want to pay if they are having financial problems. So, we are finding ourselves with less work and there has been talk of people having to leave if this trend carries on into the coming months.

    As a junior, would I be the first to go and I was wondering if anyone else is experiencing the same situation? :001_unsure:

    Hi

    Really sorry to hear of your situation what i would do is send a covering letter with your CV to all the accounting firms in your area more so small practices as they are pretty busy.

    Good luck

    Vic
  • *Sarah**Sarah* Well-Known Registered Posts: 172
    A-Vic wrote: »
    Legally it states reduncy is a weeks pay for every year you have been there but thats after two years.

    Ah ok, wasnt too sure. Thanks for clarifying Vic
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    *Sarah* wrote: »
    Ah ok, wasnt too sure. Thanks for clarifying Vic

    No Probs :001_smile:
  • blobbyhblobbyh Font Of All Knowledge Registered Posts: 2,415
    A-Vic wrote: »
    Legally it states reduncy is a weeks pay for every year you have been there but thats after two years.

    Assuming your company isn't liquidated in which case the state will pay up to a maximum of £330 per week (tax free as usual) after two years qualifying service subject to your start and finishing age at the time of insolvency.
  • mark130273mark130273 Font Of All Knowledge Registered Posts: 4,234
    well my work is not as busy as they should be..........and hes just bought a bigger premisis ?
  • 2cool2cool Feels At Home Registered Posts: 53
    I worked in practice for 15 months as a junior and i got redundancy pay - best part of £2000. May be different in other firms? I dunno?
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