Untangling The Transition

Hiring a contingent workforce may be your perfect solution to lessen the chaos.

Tracy Shick discusses how consultants, contractors, and temporary employees can help you!

Gaining Clarity During Uncertain Times

Tracy Shick describes the costs you save when you hire a contingent workforce.

Why Hire Contractors?

Why hire contractors? Our VP of Project Resourcing, Tracy Shick, discusses the benefits of using contractors over hiring a full-time employee. https://dms.licdn.com/playlist/vid/C4E05AQGNRhbMIts_ow/mp4-720p-30fp-crf28/0/1661970997318?e=1699020000&v=beta&t=i8QtCaiUrqjS0oKEybe-0flGModa9n1Tb6uegwtwkg4

Lease Accounting (ASC 842)

Lease Accounting (ASC 842) The lease accounting standard is a substantial change in lease accounting under which all companies will need to record leases (including operating leases) on the balance sheet. https://www.youtube.com/watch?v=XHOmBV4js_E Our experience in helping clients adopt ASC 842 has presented common challenges that all companies will eventually have to face. We have explored issues that often arise and have identified them. IFG SOLUTION GUIDE Common Challenges Gathering all of the necessary data can be time consuming: Identifying the existing leases while obtaining necessary documentation is often a time consuming project. It is not uncommon or unusual for companies to find that there are hundreds of leases; in addition to the leases and added amendments, we often need information on the fair value and residual value – the underlying asset – along with the incremental borrowing rate information. Working to obtain this data is often an arduous process and takes more time than anticipated. Difficult to apply: ASC 842 is a significant standard with many technical provisions. While not as theoretically challenging as the revenue recognition standard (ASC 606), we have found that most companies have some complex issues to sort through. These issues may include: Real estate lease with rent abatements Construction allowances Rent escalations and other clauses such as the landlord’s right to terminate the lease early Many companies have equipment leases that include maintenance & variable components that may be disconnected from one another. New application requirements: Calculating the lease asset (termed: “Right of Use” asset) and lease liability along with the expense associated with leases is complex and typically requires a new accounting application. Like any system implementation, companies must plan and budget for the time and expense of acquiring and implementing a lease accounting system. Reading through leases can be laborious: To properly apply ASC 842, all the leases and relevant amendments must be understood from 
end-to-end. Practical expedients: The standard provides for several practical expedients upon adoption that we highly recommend employing. MEET OUR ADVISORS

Turn A Virtual Interview Into Real Success 

Now more than 90% of initial interviews are conducted virtually, so ensuring you’re as well-equipped for this type of interview is essential.  While virtual interviews and in-person interviews can feel very different, the core preparation is the same. However, there are some differences you need to keep in mind. Our Virtual Interview Guide to Success You are responsible for creating a distraction-free environment. That includes things like: If you take the time to prepare your environment, you will not only minimize the likelihood of issues, but you’ll also feel more confident. Set yourself up for success by preparing for what you can control. Good luck!   

Top Tips from Professional Recruiters 

Congrats, you got an interview!  Now, it’s important to stand out effectively to be a top candidate. Your resume has gotten you to the interview stage, but your ability to land the job will be dependent on how you convey yourself throughout the interviews. Remember to be engaging and enthusiastic!   The best interviews feel just like conversations. Tip #1: Align your experience to the job description A good interview is an interview where you feel well-prepared. One of the best ways to prepare is to look at the job description of the role that you’re interviewing for and align the responsibilities in the job descriptions to your own experience During the interview, highlight examples from your experience that directly correlate to the skills and responsibilities of this position. You are exemplifying why you’re the perfect match.   Our Tips For Interview Success Tip #2: Showcase your personality If you’ve made it to the interview stage, that means the hiring manager has already reviewed your resume and wants to learn more. Your resume already conveys your experience and technical skills, but it doesn’t convey your whole self. The interview is your opportunity to showcase your personality and demonstrate what makes you unique i.e., your motivation, confidence or leadership skills.  Especially in a competitive job market, this is ultimately what will set you apart from other candidates and make a lasting impression on the interviewer.  Tip #3: Be enthusiastic! Although we’d all love for our interview process to be short and sweet. It’s likely that you’ll need to go through many interviews in your job search. It’s important to bring the same level of enthusiasm to the tenth interview as you do the first. Treating every opportunity like it’s your dream role helps keep your mindset positive. Every interview is an opportunity to meet someone new and tell your story.  Enthusiasm is contagious. Bring a positive mindset to every interview.  Have you heard that good interviewing just takes practice? It’s true!  Interviewing is just like everything else, the more confidence you have, the better you will perform.  As recruiters in the industry for decades, this is what we see successful candidates do best.