Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Trainees in Contract

  • 19-02-2009 2:36pm
    #1
    goodgirl12
    Closed Accounts Posts: 38 ✭


    Can anyone tell me if an accountancy firm has to make some redundancies can they make any trainees in contracts redundant or are they completely safe until their contract runs out?


Comments

  • #2
    MonsterMob
    Registered Users, Registered Users 2 Posts: 252 ✭✭MonsterMob


    More or less safe I would assume because:

    1. As you are not qualified your charge out rate is cheaper, you could complete a job that a qualified person could do for a lower fee.

    2. You have signed a 3 way contract with the insitute and your employer and not just a contract between your employer and yourself.

    MM


  • #3
    Running Bing
    Registered Users, Registered Users 2 Posts: 3,841 ✭✭✭Running Bing


    Im starting this year and tbh Im not worried.


    Maybe I am naive but I dont see why a company anticipating widespread redundancy would take on 150 odd trainees.


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Maybe I am naive but I dont see why a company anticipating widespread redundancy would take on 150 odd trainees.

    They'll trim the herd a lot thinner than they used to but trainees are the lifeblood of any firm.

    The organs don't work without someone carrying the photocopying oxygen.


  • #5
    Fruiti
    Closed Accounts Posts: 77 ✭✭Fruiti


    They won't make you redundant I'd say but they will probably let go anyone who doesn't pass their exams on first attempt and they may ask some trainees to postpone their contract for a year (i know one firm which has already done that).


  • #6
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    Fruiti wrote: »
    they will probably let go anyone who doesn't pass their exams on first attempt

    I think think this is going to be a big thing soon enough. They'll just start looking for silly excuses to get rid of folk whether it be by failing your exams or using your email for personal use, they'll be out to get people.


  • Advertisement
  • #7
    ams
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭ams


    Babybing wrote: »
    Maybe I am naive but I dont see why a company anticipating widespread redundancy would take on 150 odd trainees.

    Trainees are being let go as soon as they quailfy as they are too expensive and a newer herd of cheaper ones are being brought in!


  • #8
    Running Bing
    Registered Users, Registered Users 2 Posts: 3,841 ✭✭✭Running Bing


    ams wrote: »
    Trainees are being let go as soon as they quailfy as they are too expensive and a newer herd of cheaper ones are being brought in!

    Thats always been the way though. As soon as most qualify its rats of a sinking ship. Thats the only reason it was an unwritten rule that there was a place for whoever wanted it....because not many wanted it.


    Just because there aren't as many jobs elsewhere now it would be foolish to believe the Big4 are going to act like a homeless shelter.


    Im just saying its a complete non-story imo.....a more accurate angle would be "more qualified accountants now looking to stay on" but that would'nt fit in with the recession hysteria the media seem to love so much:rolleyes:


  • #9
    Fruiti
    Closed Accounts Posts: 77 ✭✭Fruiti


    that's very funny!! you're so right though - staying in practice after contract was always seen as the boring, less financially viable option! it's a different story now though. i knew of people a few years ago who were let go after contract despite the boom time because they were totally incompetant but because they easily got jobs elsewhere, it wasn't seen as them being fired, rather them "choosing industry"!!


Advertisement