Professional Development Ideas for Finance Staff Management Resources

Professional Development Ideas for Finance Staff Management ResurcesProfessional Development Ideas for Finance Staff Management ResourcesOne of your keyrolesas a finance leader is to encourage your employees to pursue professional development opportunities that can help themstrengthen and refine their skills.Naturally, the more abilities your gruppe has, the better your organization functions. In plus-rechnen, since employees who have more robust skill sets also increase their chances of succeeding andmoving up the corporate ladder, professional development could positively influence their job satisfaction and your retention rates.Here are 15 ways to support staff members professional development1. Ease the path to certificationsWith all their day-to-day duties, it can be difficult for financial professionals to find time for earning and maintaining professional designations. These certifications, however, can greatly enhance their career potential - and strengthen your organization . Allot a set amount of hours for employees to devote to their continuing education.2. Offer a tuition matchAs much as many professionals would like to obtain advanced certifications or degrees, some put it off because of the costs. Consider helping to defray these expenses while also allowing flexible work options to enable individuals to balance their work and study schedules.3. Reimburse membership costsCover membership fees for professional organizations that offer networking and learning opportunities. Similarly, reimburse personnel for subscriptions to relevant publications and reports.4. Identify CPE opportunitiesIn addition to helping cover some of the costs, work with employees to identify opportunities to rack up continuing professional education (CPE) credits. Point staff toward industry associations, online courses and webinars offering CPE.5. Create a libraryStock an unused office or a corner of the conference room with books on leadership, industry and business publica tions, and certification exam study guides. In the process, youll also establish a quiet place where individuals can conduct research and review the latest news and trends.6. Provide in-house trainingSchedule monthly sessions on hot topics such as in-demandsoft skills, regulatory compliance mandates and the capabilities of your companys financial system.7. Host guest speakersInvite business and financial leaders from outside your organization to present fresh insights and ideas to your team.8. Coordinate a mentorship programThe benefits of these programs arent limited to mentees. Mentors hone their leadership skills and learn new ways of approaching tasks from their protgs.9. Talk about career pathsHoldcareer-path discussionswith employees. Work with staff to review their goals and the skills, experience and training theyll need to achieve them.10. Offer job shadowingSet up days in which your team members shadow colleagues to help them gain a better understanding of different roles and how your organization functions.11. Appoint staff to cross-departmental teamsA Robert Half Management Resources survey found a large majority of chief financial officershave seen their roles expand outside of accounting and financein the past few years. Give your team a head start by assigning them to interdepartmental work groups. This offers the added benefit of helping employees build rapport with their colleagues in other parts of the organization.12. Cross-trainLet individuals build their skills in different areas within accounting and finance, too. For example, a financial analyst may be looking to move into a business systems analyst role.13. Implement a leadership development programEncourage employees with potential by creating a leadership development program. This can help you identify succession candidates as well.14. Hold QAsAllow staff to gain from the benefit of your experience by hosting informal, brown-bag QA lunches. You also can invite subject-matter experts f rom your team and staff returning from industry events to present on hot trends.15. Lead by exampleThe best leaders inspire staff. Make sure your actions reinforce the performance and attributes you expect from your team.Any time is a good time to boost your organizations professional development efforts. It will be a win for your business, as well as your accounting and finance team.More resourcesAlong with professional development opportunities, compensation is a key factor in employee job satisfaction. Make sure the salaries you pay your accounting and finance staff are in line with industry standards and your local market. Visit our Salary Center to download a copy of our latest Salary Guide.Get the GuideRead our latest Benchmarking the Accounting Finance Function report to find out about current staffing trends for finance functions - and more.Download the Report