The next three years are likely to see an increased focus on skilled employees, according to research from specialised recruitment company Robert Half.
The priorities of upper management, chief officers, and on-floor staff aren’t always aligned, but studies over the past six months have repeatedly shown that, company-wide, the acquisition of skilled labor is going to be a high priority.
Australian Chief Financial Officers (CFOs) were asked what their key focus areas will be in 2017 and 2020, and talent management tops the agenda for the country’s finance leaders.
The majority of Australia’s CFOs are putting staff acquisition, staff retention and professional development for their employees at the top of their list. This focus on staff acquisition, retention and development bodes well for today’s jobseekers and employees eager to embrace professional development opportunities.
David Jones, Senior Managing Director at Robert Half Asia Pacific said: “A company’s success is most dependent on the performance of its staff, which emphasises the importance of talent management for any business. This means not just recruiting professionals with the right skills, but also further developing the skillsets of existing staff and retaining top performers.”
Implementing new technologies will take over as the number one goal by 2020, with 54% saying it will be their key focus by 2020. The increased focus on implementing new technologies highlights the progressively important role technology is playing in the finance function of Australian businesses.
As companies endeavour to explore new ways to streamline business practices, updating internal financial policies and procedures comes in second on the list of priorities for 2017 for 49% of CFOs, and it will be just as relevant in 2020 (48%).
With the fast-paced shifts towards a technologically-oriented workplace, with high-tech solutions to workplace issues, businesses may find it tempting to rely heavily on technology, rather than experienced personnel.
“Nonetheless, technology is only as good as the people who use it, and having a team of professionals in place today, with the right experience, soft skills and technical knowledge, is critical to navigating change and allowing a business to take full advantage of opportunities in the future,” concluded David Jones.