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​What should you do when the job market is quiet? Strategies for staying competitive
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​What should you do when the job market is quiet? Strategies for staying competitive

Posted on 29 August 2024

When the job market is quiet, it can feel challenging to maintain momentum in your career. However, this lull presents a valuable opportunity for candidates to upskill, expand their knowledge, and prepare for future opportunities. In this blog, we'll explore how you can use this time wisely, focusing on learning new skills and enhancing your qualifications, particularly in fields like payroll and accounting.

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Upskill with Payroll and Accounting software

In the payroll and accounting sectors, proficiency with software is crucial. If you're currently working in payroll, consider familiarising yourself with leading payroll systems. SAP and Chris21 are top-tier payroll software solutions widely used across industries. Gaining a working knowledge of these platforms can make you a more attractive candidate when the job market picks up again. Even a basic understanding of these systems can give you an edge in job applications, allowing you to confidently say, "I have experience with this software."

For those in accounting, expanding your software proficiency can be equally beneficial. Xero and MYOB are essential tools in the accounting world. Both offer free courses online, making it easier than ever to learn these systems at your own pace. By investing time in mastering these platforms, you'll enhance your resume and position yourself as a more competitive candidate.

Pink box with quote "Gaining a working knowledge of top-tier payroll software like SAP and Chris21 can make you a more attractive candidate when the job market picks up again."

Master advanced Excel functions

Excel is a powerful tool for both payroll and accounting professionals. If your current Excel skills are limited to basic data entry, now is the perfect time to advance your capabilities. Learning functions like PivotTable and VLOOKUP can significantly enhance your productivity and analytical skills. These are fundamental across both payroll and accounting roles, helping you handle data more efficiently.

Once you've mastered the basics, consider progressing to more advanced functions like XLOOKUP, HLOOKUP, and IF statements. These tools allow for more complex data analysis, making you a more versatile and valuable asset to any team.

There are plenty of free resources available to help you improve your Excel skills:

For those in accounting, pursuing a professional qualification like Certified Public Accountant (CPA) or Chartered Accountant (CA) can be a game-changer. These qualifications not only deepen your expertise but also open doors to higher-level positions and greater career advancement. Whether you choose to self-fund these courses or seek support from your current employer, investing in your education can have a long-lasting impact on your career.

Many organisations offer support for employees looking to pursue these qualifications, so it's worth exploring what options are available to you. If your employer provides financial assistance or study leave, take advantage of these benefits to further your career without added stress.

Grey box with quote "Mastering advanced Excel functions like XLOOKUP, HLOOKUP, and IF statements allows for more complex data analysis, making you a more versatile and valuable asset to any team."

Stay connected and informed

Even as you focus on upskilling, staying connected with the job market is crucial. At AccountAbility, we offer a range of resources to help you stay informed and ready for new opportunities:

  1. Subscribe to our newsletter: Stay updated with industry news, tips, and exclusive content tailored to help you succeed. Register here.

  2. Sign up for job alerts: Be the first to know when your dream job becomes available by signing up for our job alerts.

  3. Explore our salary guide: Keep up-to-date with market trends and benchmark your salary expectations with our comprehensive salary guide.

  4. Follow us on LinkedIn: Get regular updates, articles, and insights by following our LinkedIn page. It's a great way to stay connected with industry developments and our latest job postings.

If you're ready to take the next step, get in touch with us today. Our friendly team is here to assist you, whether you're looking to register with us or refer a friend(and earn a $250 voucher!).

In summary

A quiet job market doesn't have to mean a stagnant career. By investing in your skills, expanding your qualifications, and staying connected with industry trends, you can turn this time into an opportunity for growth. Prepare yourself now, and you'll be ready to seize new opportunities when the market picks up again.

Reach out to one of our expert recruiters here for personalised guidance on your career journey.

Other helpful resources

​A guide to advancing in your accounts · AccountAbility Recruitment

4 simple tips on how to get a promotion · AccountAbility Recruitment

4 insider tips for junior finance · AccountAbility Recruitment

How specialist recruitment agencies can · AccountAbility Recruitment

Video Library · AccountAbility Recruitment

Author Jannifer Liao, Consultant, has been recruiting accounting & payroll support professionals in Sydney since 2021.

Edited by Melanie Brown, Marketing Executive, Ambition Group Australia.

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