Employment News You Can Use

November 2009

In This Issue

• Convert slow time to retraining time
• Getting in IFRS shape for the New Year - take our poll
• PWGSC provides clarity to Federal Department Users of THS
• Keep your finance job, save the world!
• Giving Back: Community service in action
• Candidate Corner: Preparing a straight-forward no-nonsense resume
• Job Postings

Convert slow time to retraining time
Practical advice on emerging from the recession in fighting form
by Frank Colantonio, CA, Director, Continuing Education, The Canadian Institute of Chartered Accountants (CICA)

The recession continues to affect a significant number of professionals with job loss and fear of job redundancy. Many organizations are finding it necessary to re-structure, which translates to cutting back on their most important assets - employees. It’s a time to focus on survival strategies for many companies, and even though conventional evidence clearly shows that those investing in people and training are less likely to fail, HR and training budgets are easy targets for cost cutting. Read the full article, or download the pdf retraining_time.pdf.

Getting in IFRS shape for the New Year
According to the Canadian Accounting Standards, “You [public company accountants] may be able to put off your New Year’s celebration plans until the last minute, but you cannot delay planning for your transition to International Financial Reporting Standards (IFRSs).” In fact, like a well-paid professional trainer, the ACAS’ August 2009 Bulletin #8 does a great job of prescribing just the right IFRS fitness regime to get you in shape by January 1, 2010 – in time to establish the one year comparative period you’ll need when you start transitioning to IFRS in 2011. Read the full bulletin or download the pdf IFRS.pdf.

If you work for a privately held company and are still wondering how relevant IFRS is for you, CMA Canada reports, "The Strategic Plan of the Accounting Standards Board (AcSB) includes a separate strategy for the development of financial reporting standards of private enterprises.”  A complete outline of the exposure draft of the revised standards is available on the AcSB website under documents for comment.

Take Our Poll: Compare your IFRS fitness to others. Get instant results!

As of October 21, 2009, only 7% of all participants reported being “all set!” for IFRS while a full 22% “hadn’t even thought of it.” The good news is that more than a quarter indicated they were “making progress.” Remember, take it one day a time, and ask for the help you need, and you will get there. Take our quick poll.

PWGSC provides clarity to Federal Department Users of THS
A memo was recently sent out by PWGSC to all users of THS, providing some clarity on how the vehicle can be used more effectively and efficiently to procure quality resources. Here is an excerpt:

"In the past, Public Works and Government Services Canada (PWGSC) recommended that Federal Department Users invite the three lowest rate Suppliers to submit resumes. Due to recent decisions made at the THS Advisory Committee, the actual number to be invited is left up to the Federal Department User. Please keep in mind however, that the lowest rate Supplier's resume(s) must be reviewed first. Should that particular resume not meet the THS requirement, justification must be put on file as to why and then the second lowest rate Supplier's resume(s) can be reviewed and so on until eventually a resume is selected."

Please keep in mind that if a THS process exceeds two weeks, the suppliers’ posted rates are no longer valid and they could be asked to start the process over. To avoid that from happening, it may be in your best interest to follow PWGSC instructions and invite as many suppliers as you can initially. For additional information, please email

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Manager, Client Services, Lannick Contract or call him at 613-566-7048 x4.

Keep your finance job, save the world!
Socially responsible business jobs for accountants
by Mark Swartz, MBA, M.Ed., CareerActivist.com, Author, Speaker and Sustainable Career Specialist

Where are some of the best jobs for finance professionals despite this turbulent market? In companies that are serious about Corporate Social Responsibility (CSR), ethics and Green initiatives. The more committed a business is to the realm of "sustainability," the likelier it is to value the integrity and risk management disciplines of a designated accountant. Read the full article, or download the pdf finance_job.pdf.

Giving Back: Plant a Tree. Save an Island.

Pro Count Account Executives Shannon Burton and Court Wiekenkamp joined 45 Lannick colleagues in supporting the firm’s annual Community Involvement Day: Plant a Tree. Save an Island. Lannick is committed to giving back to the community in which we live and work. By participating in the Toronto Island Stewardship Program again this October, our energetic team helped preserve one of the city’s greatest natural features from serious risk of erosion by planting hundreds of indigenous plants and trees.

Lannick is a proud sponsor & supporter of

	CGA Ontario Annual Conference & Admission to Membership & Awards Ceremony November 4-7, 2009 at the Westin Harbour Castle Hotel and Convention Centre, Toronto
	CICA Finance and Accounting Conference held at the Metro Toronto Conference in October
	CMA Eastern Ontario District Fall Golf Classic, Midwestern Ontario District Golf Tournament in September and October
	County of Carlton Law Association Civil Litigation Conference in Montebello, Nov. 19-20
	Financial Management Institute - Professional Development Days - How Government Works 2010
	Mayor Larry O'Brien's Golf tournament

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With deep expertise in professional recruitment and staffing, Lannick Group of Companies specializes in placing qualified professionals in contract, permanent and temporary roles.

Our solid relationships, dedicated service model and focus on getting the right fit™ quickly
and professionally has helped our clients and candidates succeed for 25 years.

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Lannick Group of Companies includes:

• Lannick Associates – executive search for mid to senior level accounting and finance professionals
• Lannick Contract – access to mid to senior level consultants for the public and private sector
• Pro Count Financial Staffing – permanent and temporary accounting and finance roles at the junior to intermediate level
• Lannick Legal – permanent and contract legal professionals and administrative support
• Lannick Executive Support – permanent and temporary government and industry executive administrative roles

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Market Update is published periodically by Lannick Group of Companies to keep clients and candidates informed of the latest market trends and career opportunities.

Copyright 2009 Lannick Group of Companies. Information in this bulletin may be republished with attribution to Lannick Group of Companies.

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