How is your organization dealing with the finance talent drain? Where are you finding new up-and-coming talent?
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CFO in Government8 months ago
We are doing a few things in this space as an organisation:Hiring based on transferrable skills and experience rather than expecting sector knowledge to attract a wider range of talent.
We show our organisation as whole rather than only the employee perks. For example, we offer a volunteer day off for anyone who would like to get out in the community and give something back. We offer flexible working conditions and allow staff to work around their time. The current generation of candidates are seeking organisations who demonstrate social awareness and responsibility. Having these clearly stated helps the candidate get an idea of our organisational culture.
Promoting existing staff within the organisation or encouraging them to apply for roles within other departments. This ties into our training and development culture, where with the right attitude you can train staff to succeed in roles that may not be their expertise.
Increasing staff training and development. We are intentionally increasing our training and development budgets as an organisation to invest in our existing staff and create a culture of continuous learning. We are also cross training staff within finance to ensure that we build backups for core functions and knowledge is shared between teams.
VP of Finance in IT Services16 days ago
Over the years we have been investing in Employees to manage the Talent drain. We continue to Invest in Training and upskilling the employees as well ensuring that the Internal employees are given preference for any new opportunities. Job rotation is another thing which helps in ensuring that the employees continue to learn new things which helps in retention. We have also adopted the Hybrid Working model which gives the employees the flexibility that they might need from time to time.
Moreover, employee connects, training sessions and job rotations has helped to retain talent. For new hiring we generally recruit through LinkedIn postings and external recruiters.