The knowledge, experience and expertise of your employees are the largest “asset” of most governments. It’s also easily the most expensive one: personnel costs frequently account for approximately 75% of a government’s expenses.
Having well-trained employees as part of your Finance staff is crucial to your government’s success, as they are responsible for significant tasks such as:
Another reason employees need to participate in regular training is because of continual changes in laws and regulations, accounting pronouncements, technology, and stakeholder expectations. If employees are not participating in ongoing training, then their skills are not being enhanced. In fact, they would be deteriorating.
In order to ensure that your team is well-trained and up-to-date in their knowledge and skills, employees need to be involved in continual training on laws, industry standards and technology affecting their areas.
Training also enhances employees’ efficiency, effectiveness and morale.
How to set up a training program?
Some governments maintain and enhance the capabilities of its personnel through a formal training program. Most, however, do not have a formal training program, and rather provide periodic training as a need arises, or a topic of interest comes to their attention.
Even if a government does not have a formal training program in place for all its employees, government finance departments should develop a formal training program for their Finance staff.
This program should include:
After setting up the training program for your Finance Department employees, you may want to share the approach with other departments.
For the attachment mentioned earlier, please click here to download the suggested list of training opportunities (click the link to view and download the list in Word-format).
If you have more questions related to Finance Training Programs, feel free to reach out to Kevin directly:
Kevin Harper, CPA
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