The Latin word "Vaco" is defined as: "To free yourself from work" or "to free yourself from a Master". Our goal is to provide consultants who have chosen a career to work "without a Master" to assist our clients with special projects and interim needs. While our consultants cannot free our clients from all of their work, they can at least make work a little more manageable and help managers meet critical deadlines.
Many of our projects fall into the following categories:
Sarbanes-Oxley Compliance
Acquisition/Disposition Accounting & Analysis
Business Process Reengineering
Financial Software Implementation & Enhancement
Audit Prep
Internal & External Financial Reporting
Internal Controls Review
Budgeting & Forecasting
Comprehensive Account Reconciliation
Forensic Audit
International Accounting
Tax Accounting
Shared Service Integration
Inventory Analysis
Cost Accounting
Interim CFOs, Controllers, Audit, Tax & Senior
Accountants
Vaco Resources provides the highest quality, senior-level financial and accounting professionals on a project and consulting basis. The internal Vaco Resources team is uniquely qualified to assist clients on strategic projects in the accounting and financial areas of their companies because of their previous background in public accounting, consulting and industry. We quickly develop effective, customized solutions for time-sensitive initiatives for our clients.
Vaco Resources is a division of Vaco, LLC. Our sister divisions are specialized to assist in the following capacities:
Vaco Financial - Vaco Financial provides specialized contingency and retained search services for finance and accounting professionals.
Vaco Staffing - provides the highest quality temporary staffing solutions to our clients for staff accountant and clerical positions.
Vaco Technology - provides information technology professionals on a contract, contract-to-hire, and permanent basis.
Benefits
The consultants of Vaco Resources enjoy an environment where performance is recognized and rewarded. Vaco's attractive benefit plan enhances an extremely competitive salary structure.
Vacation Pay
Consultants earn 40 hours vacation pay for every 1,000 regular hours worked. Once earned, the vacation pay will be paid out at the current rate of pay and will be included on the next paycheck.
Holiday Pay
Once the eligibility requirements have been met, consultants on projects will be eligible for holiday pay. To receive holiday pay, consultants must be on a project and work 24 hours the week of the holiday and the week following the holiday. Eligible consultants will receive 8 hours pay for the following holidays whether or not the consultant works that day.
An updated holiday schedule will be sent to all consultants at the beginning of each year.
The pay will be added to your time sheet that covers that holiday and will be paid out at the current rate of pay.
401(k) Plan
The Vaco 401(k) package includes investment options designed to accomodate any investor's needs. Employee enrollment is on a quarterly basis and those employed by the company who have worked 1000 hours will qualify on that enrollment date.
Long-Term Disability Group Policy
Vaco, LLC offers long-term disability through Northwestern Mutual on a group discounted basis. Our group policy could reduce the cost of Long-Term Disability insurance by 20-30%.
Referral Bonuses
Vaco, LLC offers referral bonuses for consultants who identify project opportunities and consultants placed on projects. Referral bonuses may be in the form of one-time bonuses, % of revenue on referred projects or non-cash awards. Several consultants are currently receiving this benefit and Vaco, LLC is anxious to pay additional bonuses for qualified referrals.
Eligibility
Consultants are eligible for benefits after the completion of 1,000 regular project hours. Overtime hours are not included in this calculation. If a consultant does not work on a project for VACO, LLC for 12 consecutive months, the consultant will be considered a new hire and must complete the eligibility requirements as stated above.
People
Project consulting is rapidly increasing in popularity. Many top professionals have been the victims of layoffs and many companies are hesitant to add staff in this uncertain economy. Also, many successful professionals are choosing project consulting as a career to give them a more manageable work life balance. With top talent available in the marketplace and companies hesitant to hire but desperate to get critical projects complete, project consulting may be the ideal solution for both parties.
Most project consultants are either full time consultants who have chosen consulting as a career, or highly skilled individuals who want to consult on a project basis until the ideal permanent position becomes available. Demand is high for both of these professionals. However, before deciding consulting is for you, review a few of points below to see if project work will fulfill your career objectives.
Availability
Business today happens at warp speed, and in most cases clients give very little notice when they call for help on a project. As a consultant, you need to be ready to go within 48 hours and be able to commit to the success of the project. In a short project (3-6 weeks), this commitment may be to finish the project before taking another position. On a longer project (12 weeks plus), a three week notice should be sufficient to minimize project disruption and transition another consultant onto the project. Honest communication between you and your client regarding your consulting status and changes in your permanent job search are critical to the engagement success and exceeding client expectations.
Marketable Skills
Clients are increasingly using consultants on a tactical basis with a defined ROI. Instead of coming in and evaluating general business operations, clients want professionals with specific experience who can hit the ground running with minimal client involvement. Hot skills include SEC reporting, Balance sheet review and clean-up, Cost analysis, business office troubleshooting, internal audit, corporate governance, systems implementation specialists and corporate consolidations. When evaluating your personal skill set, ask yourself if there are at least three to five areas in which you are an expert and do you foresee clients needing project help in those areas.
Replicable Project Experience
Did you just lead a systems conversion or build a shared services center for your company? Can you do it again for another company? Professionals with a proven track record of saving companies time or money are always in high demand. Quantify your accomplishments and ask an expert in the consulting field which clients are contemplating similar initiatives.
IT Savvy
How strong are my PC and system skills? In today's automated environment, the ability to navigate multiple financial packages can be critical to the success of the project. On most consulting engagements, consultants should be extremely comfortable with spreadsheet and database products and able to adapt to various financial systems.
Ability to Work in Difficult Situations
Almost all project work is challenging because consultants are tasked with entering a new work environment in a leadership role and completing engagements within defined deadlines. Furthermore, companies that utilize consultants are usually going through extreme change. Companies may be experiencing rapid growth and don't have much time to spend with consultants, or companies may be downsizing or shutting down operations and the teams are either too unmotivated to do the work themselves or critical positions have turned over and clients need a fresh set of legs to finish the job. The best consultants recognize they must be ready to step into either scenario with motivation and be committed to helping clients solve their problems.
Ability to Work with a Variety of Personality Types
It has been this author's experience that the average senior level financial project lasts approximately 13 weeks. That means a consultant that is 100% billable over the course of a year will work with four different companies and several different personality styles. Consultants have to be adaptable in each environment and find a way to accomplish project objectives with the friendliest professionals and the toughest tyrants.
Income Flexibility
Consultant income can vary greatly depending on marketable skill sets and productivity. While in this economy there are really no guarantees or permanent positions, consulting compensation fluctuates greater from project to project than permanent positions because not all engagements require all of a consultant skills.
If you feel like project consulting is something you are interested, please call the professionals at Vaco Resources to discuss market opportunities.
Contact
California
San Diego
4445 Eastgate Mall, Suite 200
San Diego, CA 92121
Phone: (858)-642-0000
Fax: (858)-642-0006
sandiego@vacoresources.com
Orange County
19200 Von Karman Ave., Fourth Floor
Irvine, CA 92612
Phone: (949)-752-9900
Fax: (949)-752-9901
orangecounty@vacoresources.com
Florida
Tampa
Hidden River Center (#1117)
8875 Hidden River Parkway, Suite 300
Tampa, FL 33637
Phone: (813)-749-2050
Fax: (813)-749-2055
tampa@vacoresources.com