My blog

Tag: government careers

  • Grace Hardy on accountancy careers: “Be yourself”

    Considering an accountancy career? Successful accountant Grace Hardy gives her advice

     

    Growing up with dyslexia wasn’t easy. School was often a frustrating experience for me. I struggled with reading, writing and spelling, which made traditional learning environments incredibly challenging. I often felt like I couldn’t keep up with my peers, and my confidence took a hit.

    The thought of spending another three or four years in a similar environment at university filled me with dread. I couldn’t afford to go to university without getting a job on the side and I was worried that doing a degree wouldn’t set me apart from others when I’d eventually have to find a graduate scheme after.

    During this time of uncertainty, my mum introduced me to the world of apprenticeships. I’ll be forever grateful for her suggestion because it opened up a whole new realm of possibilities for me.

    The apprenticeship route appealed to me because it offered a different way of learning – one that suited my needs better. It promised hands-on experience, practical skills, and the opportunity of earning money while learning. Plus, the prospect of no student debt was certainly attractive!

    I secured an apprenticeship with a Top 10 Accountancy Firm, and it was a game-changer for me. At 18-years-old I was on a £20,000 salary; I was over the moon. This gave me the financial stability I had been craving. From the very first week, I was working on real client projects and given responsibilities that expanded my portfolio and experience. Despite having no prior accounting knowledge, the firm provided comprehensive training and created a nurturing environment for me to learn and grow.

    As I progressed through my apprenticeship, I began to see the inner workings of different businesses. This exposure was invaluable and sparked my entrepreneurial spirit. I realised the skills and the knowledge I was gaining could potentially be used to start my own accounting practice one day.

    After completing my apprenticeship and gaining my AAT qualification, I decided to take the plunge and start my own firm, Hardy Accounting, at the age of 21. It was a scary but exciting move!

    The transition from employee to business owner came with its own set of challenges. Suddenly, I was responsible for everything – from finding clients to managing finances, and from marketing to delivering services. But the foundation I had built during my apprenticeship proved invaluable.

    One of the most liberating aspects of starting my own business was the ability to work in a way that suited my neurodiversity. I could structure my work environment and processes in a way that played to my strengths and mitigated the challenges posed by my dyslexia.

    For instance, I leveraged technology heavily, using speech-to-text software, dyslexia-friendly fonts, and other tools to help me work more efficiently. I also found that my dyslexia gave me a unique perspective on problem-solving, which often proved beneficial in finding innovative solutions for my clients.

    Whilst growing my business I quickly became aware of the fact that a very small number of my clients had any understanding of financial literacy – a key element of running a successful business. This was the seed that later blossomed into a full passion for the topic of financial education.

    After looking into how financial education is integrated into the UK curriculum (or how it really isn’t) I quickly realised that the situation was much worse than I originally thought. An inquiry by the All-Party Parliamentary Group on Financial Education for Young People found that over two-fifths of secondary school teachers surveyed did not know that financial education was a curriculum requirement.

    In addition to this, only two-in-five (41%) young adult respondents were considered financially literate, showing the impact that a lack of childhood education has down the line. Almost two-thirds (61%) of young adult respondents confirmed they did not recall receiving financial education at school – that math adds up pretty clearly.

    Those who were receiving financial education lessons in the UK were taught for an estimated 48 minutes per month on average instead of the recommended 30 hours. These findings made it clear that something needed to happen. In response, I started to lobby the Government for legislative change on financial education. This initiative became a crucial part of my journey, combining my accounting expertise with a mission to improve financial literacy across the board for the better of our communities, economies and people’s every day lives.

    In my business my goal was simple: to provide personalised, tech-savvy accounting services to small businesses and startups, helping them navigate their financial journeys with confidence. I wanted to create a firm that wasn’t just about numbers, but about building relationships and helping to educate business owners about finance so they could understand the ins-and-outs of their businesses.

    The accounting industry is on the cusp of a major transformation. As we move forward, I see a future where accounting is more than just bookkeeping and tax preparation. It’s about being a strategic partner to businesses and providing insights that drive growth and success. The future accountant will need to be part financial expert, part technology guru, and part business strategist.

    Artificial Intelligence is also revolutionising the accounting industry. From automating routine tasks, to providing predictive analytics. In my firm, we’ve embraced AI tools to enhance our efficiency and accuracy. This allows us to focus more on providing valuable insights and strategic advice to our clients.

    However, it’s important to note that AI isn’t replacing accountants; it’s augmenting our capabilities. The human touch – our ability to interpret data, understand context, and provide tailored advice – remains crucial. The successful accountants of the future will be those who can effectively leverage AI while maintaining personal connections with clients – allowing it to maximise our talents rather than replace them.

    For young people looking to follow a similar path in accounting, there are several key pieces of advice I’d offer. Being yourself is the best thing you can do. There are many business owners and everyone has their own approach, therefore it’s key to find something that makes you unique. What is your unique selling point (USP)? Developing soft skills such as communication, problem-solving, and leadership is equally important as technical accounting knowledge.

    Seeking mentorship from experienced professionals can provide valuable insights and guidance in this respect. Being adaptable is vital in the constantly evolving accounting field, ready to learn and adapt to new methodologies and regulations. Lastly, knowing that failure is not something negative is vital. In the entrepreneurial journey, setbacks are not just inevitable; they’re invaluable. Every failure is a stepping stone to success, offering crucial lessons that shape your path forward.

    These experiences, though challenging, provide unique insights and foster resilience – essential qualities for any entrepreneur. Embracing failures as opportunities for growth and learning is what often sets successful business leaders apart from the rest.

    Being self-employed has opened a realm of possibilities for me. I have since started the Unconventional Podcast and have launched the Unconventional Academy to help other young people start businesses and learn about financial education. In addition to this I am in the midst of my campaign to get legislation passed through Parliament to improve financial education throughout our school system – building for a better future, now.

    The road might not always be easy, but with determination, the right support, and a willingness to learn and adapt, you can achieve great things. Your journey is just beginning, and I can’t wait to see where it takes you!

  • The civil service is a ‘truly fantastic profession’: Sir Philip Rutnam

     

    Sir Philip Rutnam

     

    I worked in the civil service from 1987 until 2020; I began by working in the Treasury and my initial expectation was exceeded in terms of the interest in the work and responsibility that I was given quite early on. There’s this erroneous idea of it being a stuffy place full of hierarchy and restrictions instead I found it was a place where you were given very clear objectives and a lot of responsibility to take them forward.

    The treasury is interesting because it’s right at the centre of government but you also realise that while the Treasury has the power to say no, it doesn’t generally have the power to make things happen: it can could refuse to provide the funding but it can’t actually usually change the system of education or healthcare.

    Did I have mentors in the early days? I had very good people responsible from management giving me direction and mentors who gave me more informal advice. Like any career you do end up having to make your own way but what’s vital is to have exposure to a range of different people who have got advice and give advice and to try to learn the best from each of them.

    When it comes to what the optimal setup is within the civil service, I definitely think you need to have people with a combination of deep specialist expertise with enough capacity as a generalist to get things done within government. In my own career I liked staying in roles for a good few years in order to try to get to grips with what was happening. By the time I was permanent secretary at the transport I feel we got the balance right.  Incidentally, I believe HS2 will get to Euston in the end – and I hope without too much delay.

    The fundamental job of the top of the civil service is to help ministers – and sometimes they will have just arrived in position – to translate their political objectives into practice. It’s a question of helping ministers identify their objectives sufficiently and then work out how they are going to be turned into reality.

    I never found it difficult to be apolitical because that’s a core part of the professional skills set. You are there to serve the democratically elected government so being impartial is a precondition for being there.

    It’s important to understand that there is an enormous variety of different things you can do in the civil service: it has about 500,000 people employed in it.   People tend to think that the civil service is all about working with ministers – somewhere between Yes, Minister and The Thick of It.  There are scientific and technical jobs of huge importance.

    In the Department of Transport working for me, there were people responsible for investigating air accidents or rail accidents; people working in and running really large operational systems like licensing drivers and vehicles at the DVLA – nearly 5000 people the single biggest employer in Swansea.   We also had really large complicated computer systems: so we had IT experts, and experts in programme and project managements.

    In fact, we had everything from policy experts through to statisticians, data scientists, social researchers, economists, lawyers, actuaries, accountants, finance experts, and specialists in estate management. This is a hugely under-appreciated: if we don’t think this message is important we won’t end up with a good civil service.

    There are also lots of different entry routes.   There are apprenticeship entry routes, and other degree entry options.   There is the fast stream with the exam, which is probably one of the smallest entry routes. You can become a specialist in HR, finance, or project and programme management or commercial management.

    The fast steam certainly means that your get more opportunity subject to performance to get promoted earlier: but once you have got to grade 7 there’s no further advantage to being on that track. It is competitive but enormous efforts are made to identity talented people from a wide range of backgrounds. It’s a fantastic profession.