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Staff training

Andrew Don examines the myth that continuing professional development is good for the finance team, but not business.

All good employers train their staff, right? Those who complain that they invest in training only for employees to take their new skills to other employers are missing the point.

This will always be a risk, especially today when employees no longer see their employer as offering a career for life. But failing to invest in training finance teams is a false economy that will cost businesses dearly.

Adrian O’Connor, founding director of specialist recruitment consultancy Global Accounting Network, says: “While continuing professional development (CPD) is important in any profession, accountancy is a sector where keeping abreast of developments is absolutely crucial. Aside from constant changes in legislation, the digital revolution in particular is affecting the skills required of professionals working in finance teams, and training and coaching is vital to ensure that they are fit for the future.”

This is an extract from the Business & Management Magazine, Issue 267, September 2018.

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