Returning to work from a career break
There are many reasons people may choose to take a break from their careers, ranging from maternity leave and childcare or caring for a family member, to travelling, studying, volunteering or taking a sabbatical. Or it may be related to mental or physical health issues, or extended time out for stress and burnout.
One thing all reasons for a career break share is that returning to work can feel surprisingly daunting, compounded by a loss of confidence and feelings of uncertainty and insecurity inherent to the pandemic.
Specifically for finance and accounting professionals, there may be changes to regulations and reporting standards to contend with, continued professional development (CPD) to update, rusty communication and people/client management skills to polish.
But not to worry — with planning and preparation, a smooth return to work is entirely achievable.
Here are a few key things to consider:
Is your ACCA membership up to date?
Generally speaking, you won’t be able to practise as an accountant without an up-to-date professional membership. As an ACCA member, you’re required to show that you’ve kept up to date with industry developments by taking a certain number of units of CPD — 40 per year, of which 21 need to be verifiable. CPD may take time, so make it a priority.
What might have changed?
Changes in accountancy can come thick and fast, so not matter how long you’ve been away from the workplace, it’s worth familiarising yourself with the latest accounting processes, including regulatory standards and statutory accounting formats, VAT thresholds and tax bands.
Also consider wider changes to the finance profession, such as innovations in accounting software, and an understanding of cybercrime, data security, social media usage, artificial intelligence and robotic process automation.
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What do you want to return to?
Even in these challenging times, accountants are in demand across all sectors and will be so increasingly as the world moves out of the pandemic and organisations seek to quickly recover.
A few things to consider about your return:
- Would you like the familiarity of a similar role or are you ready for a change of direction?
- Do you need to be able to work part-time or flexibly?
- If so, which route is most likely to provide this?
- Would you prefer to take part in a formal returner programme?
- Are you keen to be client facing or would you prefer a support role?
- What size organisation would you prefer to work in?
- Would you consider going self-employed, as a freelance accountant or virtual CFO, or by setting up your own or practice or business?
The transition will likely be easier if you return to a similar role, or the same role for those returning from furlough. However, if you are keen to change direction, post-break is a great time to do so.
Where else should you look for advice (and jobs)?
If you’re looking for career advice and jobs, look no further than ACCA Careers, the ACCA’s dedicated recruitment portal for its members and students, with hundreds of advice articles and thousands of jobs globally.
Also consider your own network, which can be a great source of advice and leads. LinkedIn is probably the best online platform for this; if you’re not already on it, it’s well worth signing up.
Coaching programmes and other support groups are a useful way to overcome barriers to getting back into work. For example, Women Returners offer a range of coaching programmes for people who have had a career break.