News and advice on management and the business environment

Top-selling UK artist Tinie Tempah has revealed that he would be an accountant if he weren’t a rapper. Plus, one in five people find their accountants’ jargon difficult to understand, a new survey finds.


You have the career rappers want

Judging from the success of TV series such as The Voice, it seems nearly all of us harbour fantasies of becoming a pop star. So, what does an actual top-selling recording artist dream about? Being an accountant, of course. Yes, Tinie Tempah, the 27-year-old British rapper who’s had more No.1 singles in the UK than Queen, told the Telegraph that his greatest aspiration was to be an accountant. “Even my accountant doesn’t want to be an accountant — he wants to be a rapper,” Tempah joked. Realizing that a career in the music industry was a long shot, he set himself a deadline. If he didn’t get a recording contract by age 20, he’d study accounting. As luck would have it, he got signed just four weeks before his 20th birthday and the rest is history. But who knows? At his age, there’s still plenty of time for a career change.


But I don’t speak accountant

Financial jargon might be great shorthand to use with your peers, but here’s a reminder that just because you know exactly what you’re trying to say, it doesn’t mean everyone else does. One in five people who use an accountant admit they find a financial professional’s language difficult or very difficult to understand, according to a UK study by Pulse Accounting. What’s worse, more than one-quarter (26%) say that asking questions is no help at all, because the accountant’s answers still leave them as confused as before — or even more so.


Director pay is up

Looking for a side gig? Board directors in Canada saw their pay increase about 7% between fiscal 2013 and 2014, to a sum of approximately $7,500 each per meeting, finds a Korn Ferry Hay Group report. The report, which looked at S&P/TSX 60 companies, determined that the number of meetings boards hold has stayed fairly consistent from year to year, but directors are now expected to work more hours and are exposed to more financial and reputational risks, which has boosted compensation demands. Resource companies spend the most on total board costs, while banks tend to spend the least on a per-meeting basis.


What bosses think of millennials

They may be more narcissistic than prior generations, but they are well poised to drive the future of business. That’s what the majority of hiring managers had to say about millennials in a US poll conducted by freelance platform Elance-oDesk and consulting firm Millennial Branding. Nearly seven out of 10 (68%) hiring managers surveyed say millennials have skills that prior generations do not, 82% commend this group for being technologically adept and 60% say they are quick learners. The survey also found that 28% of millennials are already in management positions and more than half (53%) of employers have a hard time finding and retaining generation Y talent.