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Getting out of training contract ICAI

  • 13-01-2009 10:32am
    #1
    lucky2b5
    Closed Accounts Posts: 12 ✭


    Can someone please tell me how difficult it is to get out of a 3.5 year training contract with a chartered accountants practice. Signed up a few months ago and now want to leave. They have paid tuition fees about €2000 or so, will I have to pay back everything, will they try to stop me leaving, can they sue me, want to leave soon. Any advice at all appreciated.


Comments

  • #2
    SueWho
    Closed Accounts Posts: 190 ✭✭SueWho


    I could be wrong but I always understood it to be that you can leave at anytime and you only owe them money if they paid for you do a Masters before you started the training contract. I have only heard this by word of mouth in relation specifically to big 4.


  • #3
    pigeonbutler
    Registered Users, Registered Users 2 Posts: 666 ✭✭✭pigeonbutler


    I think either party can terminate the contract within the first 12 months. You may well have to make good any exam expenses they've paid but there'll be an element of discretion there.

    Try reading your contract to be sure!


  • #4
    lucky2b5
    Closed Accounts Posts: 12 ✭lucky2b5


    How is the firm likely to take it when I hand my notice in? Can anyone advise:
    1. Are they likely to tryt talk me out of it.
    2. Should I expect an element of bitterness.
    3. Will they make it awkward for me eg References etc.
    4. Are they likely to tell me to leave there and then as I am only a trainee and probably a cost to them at the moment, or will they expect me to work my notice?

    I really need to get out soon so any advice would be great, Thanks


  • #5
    SueWho
    Closed Accounts Posts: 190 ✭✭SueWho


    I think you should approach HR and simply be honest. Tell them that you have realised the career is not for you and that you feel it is best for you and them (which it is) that you leave sooner rather than later. Be frank and honest but be friendly and professional- after all they are human too and HR people of all should be understanding. If you have worked with any nice managers or seniors who you did get along well with you could ask them if they would give you a reference in future. Perhaps getting a reference isn't all that important if in the future you're going to be doing something totally different anyway. Good luck and don't be afraid- you are doing the right thing if you hate it.


  • #6
    Bren1609
    Closed Accounts Posts: 459 ✭✭Bren1609


    Read your contract


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  • #7
    Kanchelskis
    Closed Accounts Posts: 40 ✭Kanchelskis


    lucky2b5 wrote: »
    How is the firm likely to take it when I hand my notice in? Can anyone advise:
    1. Are they likely to tryt talk me out of it.
    2. Should I expect an element of bitterness.
    3. Will they make it awkward for me eg References etc.
    4. Are they likely to tell me to leave there and then as I am only a trainee and probably a cost to them at the moment, or will they expect me to work my notice?

    I really need to get out soon so any advice would be great, Thanks

    These things happen in all firms and handing in notice is not anwhere near as scary as people make it in their own heads. Talk to your partner and tell him the truth. He probably won't give a crap (especially as you were probably recruited during better times). I wouldn't approach HR directly as they tend to try to do things by the book. Also don't bring up the training fees - chances are they can get a refund and if they do mention it tell them you have no money.

    To answer your questions directly:
    1. No.
    2. No.
    3. No. But you don't need a reference from a job you were in for 2 months anyway. In fact I'd leave it off the cv.
    4. No idea. You are supposed to give them notice. if you want to leave sooner then mention this and they may be amenable.


  • #8
    MG
    Closed Accounts Posts: 823 ✭✭✭MG


    lucky2b5 wrote: »
    Can someone please tell me how difficult it is to get out of a 3.5 year training contract with a chartered accountants practice. Signed up a few months ago and now want to leave. They have paid tuition fees about €2000 or so, will I have to pay back everything, will they try to stop me leaving, can they sue me, want to leave soon. Any advice at all appreciated.

    Without wanting to pry into the reasons for leaving, a Chartered Accountant is a great qualification and a huge advantage in recessionary times so don't leave without considering this too.


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