In the world of finance and accounting making mistakes are extremely frowned upon. This is because one mistake could cost a company thousands, hundreds of thousands, and even millions of dollars. There are a lot of finance job opportunities available, but you can squander your chances of getting one of these jobs if you have a reputation for making a lot of errors.
Table of Contents☰
How to Handle Big Time Mess Ups at Work
If you are prone to mistakes, a San Francisco finance recruiter will be able to find out. However, if you make a mistake you don’t have to have an anxiety attack, but there is still a certain way you should respond should you make a critical, or not so critical mistake in the workplace.
1) Severity Matters
Maybe you left a word out of a report; maybe you forgot to cc one of the executives on an email, or maybe you left a zero off the balance sheet and it cost the company 500 thousand dollars. As you read over those errors, even you respond differently to each.
That is generally how your employer will respond. If you left a word out of a report, maybe even a couple of times, your job may not be in jeopardy. However, if you cause your company to lose a half of a million dollars, one time, it will probably be job searching time.
2) What To Do:
Own up your Mistake
The moment you realize that you have made a mistake, bring it to your supervisor’s attention so that a solution can be developed. If you wait to tell, you are potentially making the situation even worse because the mistake continues without a solution and the trust is damaged between you and your manager.
To repair your reputation, you need to keep your manager in the loop of what you are doing and have someone else reviewed your work, before submitting it as final.
Learn from your Errors
Every experience, whether good or bad should be a learning experience. At the end, it is important to learn from our errors and identify the core reason that has resulted in the error. The reason could be your carelessness or inadequate knowledge of the job; wherever be it, once you know the reason, work on the weakness and transform it into your strength. Remember learning is for life; when you stop learning, you stop growing.
Finally Fix your Mistake
Don’t allow anyone to work on the project that you have messed up. Take full charge of the task and fix the errors with a lot of attention and precision. Also don’t wait for anybody to remind you, rectify the project as soon as possible. Your promptness towards the task will restore the confidence of the organization on you.
As humans, we are prone to make mistakes. What is important is to rise above the situation, and take every error as a challenge to get better. Keep a track of your mistakes and make sure you never repeat the same mistake twice. As we accept victories with pride, it is important to take complete ownership of our mistakes and resolve them at the earliest.
The biggest assets for any organization are those who are ready to learn and grow, so no matter what the situation or problem, keep growing. 🙂