A lot of “fluff” jobs will take a hit after this

v638sg7k1a92bx

I work in a accountancy practice in the midlands. Last November when we were preparing for income tax deadline as clients were sending in their info, we have a large number of clients who are considered HIgh Income Earners who for different reasons are required to submit tax return e.g. they received shares in the company when it was bought out and get dividends etc etc.

A recurring comment coming up around the office when the payslips and P60’s were coming in were the high salaries people were on for “fluff” jobs as someone called it. These are not architects, solicitors or accountants but people working in large organisations, pharma and multi nationals in roles like HR and staffing or general marketing jobs on €80k per annum. You would be surprised how handy many admin type roles are pulling in upwards of €70k per year I’m not even joking.

I think after Corina virus fiasco is over many of those jobs will take a hit.

Dyr

Junior Prehistoric Grits wrote: »

I work in a accountancy practice in the midlands. Last November when we were preparing for income tax deadline as clients were sending in their info, we have a large number of clients who are considered HIgh Income Earners who for different reasons are required to submit tax return e.g. they received shares in the company when it was bought out and get dividends etc etc.

A recurring comment coming up around the office when the payslips and P60’s were coming in were the high salaries people were on for “fluff” jobs as someone called it. These are not architects, solicitors or accountants but people working in large organisations, pharma and multi nationals in roles like HR and staffing or general marketing jobs on €80k per annum. You would be surprised how handy many admin type roles are pulling in upwards of €70k per year I’m not even joking.

I think after Corina virus fiasco is over many of those jobs will take a hit.

Accountants in practice are a dying breed too and with all those P60s your clients are firing out you employer will need a lot less staff soon

Fluff, eh?

Harry Palmr

I'll bet some said the same after the 2008 meltdown and yet here we are in a world of account executives, hairdressers, tired TV producers, insurance salesmen, personnel officers, security guards, public relations executives and management consultants

The telephone sanitisers are actually quite important right now.

harvester of sorrow

Not to subtle "that 4+ years in college didnt give me the salary i was expecting, and im jealous that less educated morons are getting paid more than me"



Whatever....

v638sg7k1a92bx

Bambi wrote: »

Accountants in practice are a dying breed too and with all those P60s your clients are firing out you employer will need a lot less staff soon

Fluff, eh?

Death and taxes, the two guarantees in life.

v638sg7k1a92bx

harvester of sorrow wrote: »

Not to subtle "that 4+ years in college didnt give me the salary i was expecting, and im jealous that less educated morons are getting paid more than me"

Whatever....

Not at all, we’re actually well paid.

Raconteuse

They sure will obviously. Bloggers and influencers - big trouble.

I know people like to pretend HR is fluff but it's not really - although obviously there will be cuts in that department.

Raconteuse

harvester of sorrow wrote: »

Not to subtle "that 4+ years in college didnt give me the salary i was expecting, and im jealous that less educated morons are getting paid more than me"



Whatever....

No, given that poster's record it's more of a "haha people are gonna lose their jobs!"

FVP3

I do think many corporations are management heavy. What happens in most recessions is that the companies get more management heavy, and kick out the workers. It was ever thus.

v638sg7k1a92bx

Raconteuse wrote: »

They sure will obviously. Bloggers and influencers - big trouble.

I know people like to pretend HR is fluff but it's not really - although obviously there will be cuts in that department.

HR in general is fluff. I accept that some organisations need a hr dept to document numbers of staff, hiring, firing, timesheets, holidays but anytime things get heavy they bring in outside legal counsel and when it come to recruitment they sub contract it out to recruitment agencies (which is another thread) but for the most part HR is definitely fluff.

Bloggers and influencers have never made money to begin with so business as usual for them.

Large pharmaceutical and the like will always need HR, and health and safety admin because of regulations etc, they are not fluff jobs. Even in construction, there is huge regulation which needs admin staff

Fluff jobs are the likes of PR or silly extra staff in restaurants that are employed just massage egos.

It called the administered society or something like that everything is becoming more regulated not less.

v638sg7k1a92bx

Raconteuse wrote: »

No, given that poster's record it's more of a "haha people are gonna lose their jobs!"

Given the posters record???

recyclebin

HR is definitely not a fluff job in any big company. I thought you were going to talk about influencers and the like.

Foxhound38

You would be surprised at how much is on HR's plate most of the time in medium or large companies.

DM_7

I would be more focused on what happens with people realising how much money they waste on fluff they don't need to be happy.

Likes of Liffey Valley offer huge employment, take in huge money that generate lots of taxes for the government. Yet a huge amount of spend in such area is needless and outright wasteful. A lot of it comes from time filling and the idea of needing to have more stuff That would be a huge issue for the economy.

On the other side it would be good for the environment to see a reduction in consumerism mentality of our society and other more well off.

The more social activities (Cinema, eating out etc) may take over when people can go out again.

Raconteuse

recyclebin wrote: »

HR is definitely not a fluff job in any big company. I thought you were going to talk about influencers and the like.

Exact same here. Recruitment will have to be cut obviously, and some HR folk, but in a big company I'd be interested to know what other department would cover day to day HR.

Small companies don't tend to have HR departments.

Raconteuse

Foxhound38 wrote: »

You would be surprised at how much is on HR's plate most of the time in medium or large companies.

Massive amount. My friend had to work huge overtime when she worked in pharmaceutical HR.

krissovo

harvester of sorrow wrote: »

Not to subtle "that 4+ years in college didnt give me the salary i was expecting, and im jealous that less educated morons are getting paid more than me"



Whatever....

I would be one of those morons that you refer to, trust me those of us who are uneducated and earning well worked hard to progress and didn’t expect a piece of paper to land us a salary. I guarantee we put in 4x the effort to progress our careers than most college students did to earn their qualifications.

harvester of sorrow

krissovo wrote: »

I would be one of those morons that you refer to, trust me those of us who are uneducated and earning well worked hard to progress and didn’t expect a piece of paper to land us a salary. I guarantee we put in 4x the effort to progress our careers than most college students did to earn their qualifications.

As am i ....... hence the post

One eyed Jack

Junior Prehistoric Grits wrote: »

I think after Corina virus fiasco is over many of those jobs will take a hit.

You hardly needed an education to make that prediction?

There are going to be job losses in every sector of employment, and then there are going to be new employment opportunities created as a result of current economic circumstances, and all those people who are educated and qualified to work in HR and Marketing will be employed in the €70k and €80k roles again.

I’ve no doubt there will be roles for qualified accountants and qualified legal professionals too as a result of the economic recovery. Plenty of opportunities for bloggers and vloggers and influencers and all the rest of it too. Plenty of opportunities for people who actually want to work and contribute to the economy, they’ll continue to do as people who want to work have always done - upskill and train for new opportunities that either they create themselves, or are made available to them through recruitment, HR and marketing.

IndieRoar111

harvester of sorrow wrote: »

Not to subtle "that 4+ years in college didnt give me the salary i was expecting, and im jealous that less educated morons are getting paid more than me"



Whatever....

Exactly, my husband didn't go to college but works in Fintech and is on 100k basic ( 130k if he performs very well ). The technology he is dealing with generates and provides more value to society than some of these old school " non fluff " jobs the OP is idealizing.

v638sg7k1a92bx

IndieRoar111 wrote: »

Exactly, my husband didn't go to college but works in Fintech and is on 100k basic ( 130k if he performs very well ). The technology he is dealing with generates and provides more value to society than some of these old school " non fluff " jobs the OP is idealizing.

My husband this, my husband that. What have you done for yourself?

fryup

Junior Prehistoric Grits wrote: »

You would be surprised how handy many admin type roles are pulling in upwards of €70k per year I’m not even joking.

I think after Corina virus fiasco is over many of those jobs will take a hit.

don't fret, they'll all be working in supermac's after this

Salary Negotiator

IndieRoar111 wrote: »

Exactly, my husband didn't go to college but works in Fintech and is on 100k basic ( 130k if he performs very well ). The technology he is dealing with generates and provides more value to society than some of these old school " non fluff " jobs the OP is idealizing.

He was “only” on €75K 4 days ago.

IndieRoar111 wrote: »

Hi Boardsies,

Long time lurker, first time poster here. Please advise me on our current situation it would be much appreciated.

We have gone sale agreed on a 3 bed house in Dublin for 345k, the asking price was 360k. We are now having 2nd thoughts with all that is going on as we may get a property dirt cheap if we wait. Here is our current situation below to help advise us.


Current situation:
Age: Both of us are 31
2 kids
Currently renting a 2 bed house @ 1500pm
Combined income: 100k
Job security: My job is not safe but my husbands is, his job is 75k per year.


Potential future situation:
House price: 345k
Deposit: 160k
Mortgage per month 720e ( 10 year fixed )


The house is in an ideal locations and has all the extras we desire if we would buy a house that didn't have them, it is literally in walk in condition and will likely be living there for at least 20-25 years.

The impeding recession is putting us off as we may nearly purchase a place with cash if we wait ( we can easily save 2500e per month whilst renting ) .

If we go for it now we will both move in with my parents until the sale is complete which would allow us to save an additional 10k.

Any advice is much appreciated as we are stressing out.

Thank you

moonage

What about the fluffers working on porn movie sets?

They perform a very valuable role.

Heres Johnny

Salary Negotiator wrote: »

He was “only” on €75K 4 days ago.

Don't mess with salary negotiator!!
Good spot by the way, I knew straight off that 100-130k in fintech for someone that never went to college was a made up post just to have a go back at OP (stupid thread altogether though)

I'm an accountant by profession working in industry at management level, and the OP is just embarrassing with the examples given. In my experience most practice accountants would deal with small companies and wouldn't be the most clued in. Not knowing the benefits of a HR in a sizable or even smaller companies is an example of such naivety. HR can be the ones that ensure productivity/staffing levels is checked and stop idiots bringing litigation into the company. Are all HR professionals good, no, but not all practice accountants are the sharpest either.

HOWEVER, I do believe we're in for a horrific time unemployment wise. Many people are going to be laid off/made redundant. Most companies if they keep open will be looking to see who is REALLY necessary.

Rows Grower

Junior Prehistoric Grits wrote: »

I work in a accountancy practice in the midlands. Last November when we were preparing for income tax deadline as clients were sending in their info, we have a large number of clients who are considered HIgh Income Earners who for different reasons are required to submit tax return e.g. they received shares in the company when it was bought out and get dividends etc etc.

A recurring comment coming up around the office when the payslips and P60’s were coming in were the high salaries people were on for “fluff” jobs as someone called it. These are not architects, solicitors or accountants but people working in large organisations, pharma and multi nationals in roles like HR and staffing or general marketing jobs on €80k per annum. You would be surprised how handy many admin type roles are pulling in upwards of €70k per year I’m not even joking.

I think after Corina virus fiasco is over many of those jobs will take a hit.

Did your imaginary boss not ask you to sign a non disclosure or confidentiality agreement before you started this fictitious job?

moonage

moonage wrote: »

What about the fluffers working on porn movie sets?

They perform a very valuable role.

Without a fluffer, you're just a wanker :pac:

plodder

A lot of income tax was generated out of these "fluff" jobs. I wouldn't be so quick to knock them.

Also, while I wonder about some job titles you hear nowadays, "not architects, solicitors or accountants" is a very limited view of the breath and complexity of modern business.

Donald Trump

I'm sure that AI can easily replicate the counting of beans OP.

v638sg7k1a92bx

plodder wrote: »

A lot of income tax was generated out of these "fluff" jobs. I wouldn't be so quick to knock them.

Also, while I wonder about some job titles you hear nowadays, "not architects, solicitors or accountants" is a very limited view of the breath and complexity of modern business.

Those are regulated professions whereas HR is not.

plodder

Junior Prehistoric Grits wrote: »

Those are regulated professions whereas HR is not.

What's so great about regulated professions?

v638sg7k1a92bx

[Deleted User] wrote: »

I'm an accountant by profession working in industry at management level, and the OP is just embarrassing with the examples given. In my experience most practice accountants would deal with small companies and wouldn't be the most clued in. Not knowing the benefits of a HR in a sizable or even smaller companies is an example of such naivety. HR can be the ones that ensure productivity/staffing levels is checked and stop idiots bringing litigation into the company. Are all HR professionals good, no, but not all practice accountants are the sharpest either.

HOWEVER, I do believe we're in for a horrific time unemployment wise. Many people are going to be laid off/made redundant. Most companies if they keep open will be looking to see who is REALLY necessary.

In my experience and in reality, most accountants in industry are not real accountants and cant read a P&L and Sheet and just bluff their way through the general ledger accounting roles that they work in.

If you knew how stupid your post was you wouldn’t have said it. Practice accountants are the most clued one because they understand the financials most and their technical ability is far superior than accountants in industry because they need to be aware of constant changes in tax legislation, companies act and accounting frameworks.

What a silly post you just made.

v638sg7k1a92bx

plodder wrote: »

What's so great about regulated professions?

It means they get to look down on people on other jobs.

v638sg7k1a92bx

Donald Trump wrote: »

I'm sure that AI can easily replicate the counting of beans OP.

Good one. Never heard that before.

10fathoms

So you're a fluffer for the fluffers is what you're saying?

The irony of your post gave me a headache.

Junior Prehistoric Grits

Junior Prehistoric Grits wrote: »

In my experience and in reality, most accountants in industry are not real accountants and cant read a P&L and Sheet and just bluff their way through the general ledger accounting roles that they work in.

If you knew how stupid your post was you wouldn’t have said it. Practice accountants are the most clued one because they understand the financials most and their technical ability is far superior than accountants in industry because they need to be aware of constant changes in tax legislation, companies act and accounting frameworks.

What a silly post you just made.

You're only looking for an argument, but sure, why not...

I started off in practice. Most people in practice are grunts/apprentices and leave once they get experience. The others are partners who make a good living, or those they promised to make partners and never quite worked out until they realised they were too old to transition.

Most people in large practices are pigeon holed and wouldn't know how to prepare a set of accounts from scratch to save their lives and test for 5 items until they fit the audit criteria. The joys of double entry is largely lost on them. Small practice accountants tend to know lots about hair dressers and corner shops. Well done them.

Have you heard of CPD? And I work in management, where most accountants aspire once they tire of working for chicken feed that practice provides.

Any finally, why are you referencing P60s (they've been obsolete after 2018).

Junior Prehistoric Grits wrote: »

In my experience and in reality.

I think there's medication for that belief.

v638sg7k1a92bx

[Deleted User] wrote: »

You're only looking for an argument, but sure, why not...

I started off in practice. Most people in practice are grunts/apprentices and leave once they get experience. The others are partners who make a good living, or those they promised to make partners and never quite worked out until they realised they were too old to transition.

Most people in large practices are pigeon holed and wouldn't know how to prepare a set of accounts from scratch to save their lives and test for 5 items until they fit the audit criteria. The joys of double entry is largely lost on them. Small practice accountants tend to know lots about hair dressers and corner shops. Well done them.

Have you heard of CPD? And I work in management, where most accountants aspire once they tire of working for chicken feed that practice provides.

Any finally, why are you referencing P60s (they've been obsolete after 2018).

I think there's medication for that belief.

Exactly, and what tax returns are filed in November 2019? Would it be your 2018 form 11?
Perfect example of another industry accountant who thinks they’re the bees knees but haven’t a notion.

Donald Trump

Junior Prehistoric Grits wrote: »

Good one. Never heard that before.

Sure you don't even need a degree to be an accountant.

If daddy is an accountant and you have either mastered addition and subtraction, or can push buttons on a calculator, then you can be out billing as a fully qualified accountant at 21 or 22.

Junior Prehistoric Grits

Junior Prehistoric Grits wrote: »

Exactly, and what tax returns are filed in November 2019? Would it be your 2018 form 11?
Perfect example of another industry accountant who thinks they’re the bees knees but haven’t a notion.

Months ago. The figures since Jan 1st 2019 are available instantly. But, you do bring up a good point practice accountants deal with old information, only useful for filing out tax returns. AI will continue to erode into such work. You're basically a form filler.

What other job deals with information that's nearly a year old and expect to get a pat on the back.

tdf7187

Junior Prehistoric Grits wrote: »

I work in a accountancy practice in the midlands. Last November when we were preparing for income tax deadline as clients were sending in their info, we have a large number of clients who are considered HIgh Income Earners who for different reasons are required to submit tax return e.g. they received shares in the company when it was bought out and get dividends etc etc.

A recurring comment coming up around the office when the payslips and P60’s were coming in were the high salaries people were on for “fluff” jobs as someone called it. These are not architects, solicitors or accountants but people working in large organisations, pharma and multi nationals in roles like HR and staffing or general marketing jobs on €80k per annum. You would be surprised how handy many admin type roles are pulling in upwards of €70k per year I’m not even joking.

I think after Corina virus fiasco is over many of those jobs will take a hit.

Jeez, evidently Russell Brennan Keane are still paying ****e wages if you think 70k a year is massive.

The accountancy profession is going to be completely screwed by automation.

atticu

Junior Prehistoric Grits wrote: »

Those are regulated professions whereas HR is not.

Professions with barriers to entry placed there by the people currently doing the job are not regulated.

It just means that people who were doing those jobs before you put barriers in your way.
In the same way that you need a certain license to be a a Dublin bus driver.

I am guessing that you would not think that driving a bus is a regulated profession - but by your definition, it is.

lawred2

I'd love people to see 'influencers' for the vacuous eejits that they are

v638sg7k1a92bx

[Deleted User] wrote: »

Months ago. The figures since Jan 1st 2019 are available instantly. But, you do bring up a good point practice accountants deal with old information, only useful for filing out tax returns. AI will continue to erode into such work. You're basically a form filler.

What other job deals with information that's nearly a year old and expect to get a pat on the back.

What a mature argument but then I forgot schools were closed this week so you’re probably up past you bed time.

When you do go back to work, ask your boss if they have an accountant and try and talk them out of it based on your very intelligent argument.

Btw, if my job in practice is under threat by AI, accountants in industry are under even more threat because you’re even more of a bean counter than me. Month end accounts, how difficult.

v638sg7k1a92bx

tdf7187 wrote: »

Jeez, evidently Russell Brennan Keane are still paying ****e wages if you think 70k a year is massive.

The accountancy profession is going to be completely screwed by automation.

We’ve been hearing this for years. What’s “screwed” is the basic compliance work like bookkeeping, payroll, Tax compliance. But that was always low value work that clients don’t want to pay for anyway. AI actually makes our job easier.

Dyr

tdf7187 wrote: »

Jeez, evidently Russell Brennan Keane are still paying ****e wages if you think 70k a year is massive.

The accountancy profession is going to be completely screwed by automation.

And they know it. Well maybe the lads in practice don't or they're hoping there'll still be enough farmers and publicans to keep them going.

v638sg7k1a92bx

Bambi wrote: »

And they know it. Well maybe the lads in practice don't or they're hoping there'll still be enough farmers and publicans to keep them going.

Farmers and publicans are A&E clients anyway.

Junior Prehistoric Grits

Junior Prehistoric Grits wrote: »

What a mature argument but then I forgot schools were closed this week so you’re probably up past you bed time.

When you do go back to work, ask your boss if they have an accountant and try and talk them out of it based on your very intelligent argument.

Btw, if my job in practice is under threat by AI, accountants in industry are under even more threat because you’re even more of a bean counter than me. Month end accounts, how difficult.

If you weren't talking jibberish before, you certainly are now. And what's with the BTW, you've not addressed any of my points in the the first place. Do that and you can move on to BTW.


Month end accounting is at least more current than working on something 11 months after the year end. And the actual month end work is done by more junior staff. You know, the likes of you that partners leverage to have a lavish lifestyle.

v638sg7k1a92bx

[Deleted User] wrote: »

If you weren't talking jibberish before, you certainly are now. And what's with the BTW, you've not addressed any of my points in the the first place. Do that and you can move on to BTW.


Month end accounting is at least more current than working on something 11 months after the year end. And the actual month end work is done by more junior staff. You know, the likes of you that partners leverage to have a lavish lifestyle.

You haven’t made a point or at least when you tried your info was factually incorrect.

What is the point you want addressed?