Challenge: Nurturing the right skills and mindset to drive future growth
High growth companies need people with advanced technical skills to leverage the best of the new and emerging technologies. But it is also vital to encourage those soft skills that enable people to work effectively with each other and the business to add strategic value, such as creativity, collaboration and leadership.
Just as the finance function needs to focus on training and developing its own future talent, it needs to take a more strategic view, demonstrate outstanding technical and commercial skills, and play an influential role in board level conversations around talent. Effectively partnering with other key functions within the organisation and advising on the strategic agenda, the CFO and the finance team can help steer the organisations through change, which is critical to its growth.
Apprenticeships can deliver some great opportunities to nurture this talent. Through the Apprenticeship Levy, organisations can develop and up skill their entire workforce with measurable return on investment - one of the criteria for being awarded lucrative public sector contracts will be the number of apprenticeships.
Highly skilled and motivated staff are fundamental to the long-term success of a high-growth businesses. As such, recruiting and retaining the right people is a concern for the business as a whole, its efficiency, growth and profit. For further insights into securing talent and skills for future growth, download the People power report for more.