Government organisations continue to face rising financial pressures, increased transparency and unprecedented demands on their services. The need for skilled, agile finance professionals who can successfully support ongoing challenges is at an all-time high. But in order to compete for talent with private sector rivals, government must transform their approaches to retaining, recruiting and training talent.
The AICPA & CIMA Global Research and Development Team has been conducting a research programme to address the current and future direction of talent management. Through best practices, proactive approaches and strategic revisions, the public sector has tools and entities that have evolved to meet the needs of the current talent crisis.
Most organisations identify the continued need for improvement and seek assistance to meet the ever-changing employability needs. The role that professional accounting qualifications play is not to be underestimated. Even in smaller organisations, which appear to have fewer opportunities, enabling people to progress through accountancy qualifications not only motivates staff but also empowers them to develop skills and competencies that prove valuable to themselves and the organisation.
Beginning with the first recruit, through onboarding, training, job changes and retirement, the CPD/CPE programmes offered by AICPA & CIMA support the financial skills and the nonfinancial competencies sought by employers and employees. These targeted resources address current and future needs.
Our research highlighted one continued challenge: identifying the right talent with the best fit from the onset. Appendix A is an interview assessment tool that can assist with that challenge.
