When Your Future Leaders Need an Extra Boost
Your team’s role has vastly evolved—you’re no longer simply analyzing balance sheets and forecasting spend the way you used to. Your partnership across the organization is even more essential today. Your team needs to have the basic accounting and finance skills to provide that same level of guidance, but they're also expected to have more digital literacy and business skills across a variety of programs, reporting capabilities and an understanding of data analytics to name a few. Now you need to couple those accounting, finance and digital skills with complementary know-how like communications and marketing to build a bright, well-rounded team.
At DeVryWorks, our solutions consultants help guide you through talent succession planning. We’ll work alongside you to help you identify future leaders, assess skills needs and orchestrate learning pathways to help empower your team. Your succession plan should be specifically designed to meet the unique needs of your team—including tactics like skill building, employee retention, diversity advancement and talent sourcing.
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Featured Content for Finance and Accounting Leaders
Business Case Template for Tuition Benefits
If you’re looking for ways to drive retention and development through inclusive policies, we can help. One of the steps you can take is to offer your employees tuition benefits. Don’t have a tuition benefits program, we’re got a tool to help you build one.
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2023 Talent Outlook Study
With so many possible development levers to pull in today’s corporate environment, how can leaders stay aware of their options and the outcomes of those options?
To answer those questions, DeVryWorks deployed a survey to a sample group of 300 managers, directors and executives. The results are in…
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Onboarding Should be an Experience, Now More Than Ever
By Jenna McCoy
In the current flexible work environment, radical evolution of onboarding has yet to occur. Organizations need to orchestrate the people and resources to cultivate deliberate and meaningful moments for new hires in order to drive timely assimilation within the organization.
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The Implications of High Inflation on Business
By Issam Abu-Ghallous, PhD and Luan Eshtrefi, PhD
One of the most challenging economic dilemmas today, which effects business leaders and consumers, is high inflation. Watch these short videos to hear more about the implications and how to prepare.
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How Leaders Can Help Empower Women in the Workplace
By Elise Awwad
Women now surpass men making up 50.2% of the college-educated labor force, up from 45.1% in 2000. While this number is positive to be sure, what’s troubling is women’s advancement in the workplace is stagnant or simply stalling at every step along the way. Read this article for six ways leaders can step up to support women on their teams, and help them achieve the career they deserve.
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Tis the Season for Triggers. Do You Know the Flight Risks on Your Team?
By Clark Barber
November through January is a critical time for your team, and resignations might be hitting hardest after the New Year. While they likely have been doing it for some time, this time of year triggers individuals to take stock of their career goals and analyze whether their work is fulfilling.
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Skills to Develop your Accounting and Finance Teams
Countless factors go into running a successful business, but few are more important than your people. To stay ahead of the competition, you need a consistent way to develop your skilled talent with a keen eye on diversity. Of course, that's often easier said than done, but it doesn't have to be.
Our digitally enabled, flexible learning pathways are designed with your team’s success in mind. While what we offer is unique to your talent needs and business, we’ve highlighted some of the more common skills areas we hear are gaps for leaders in accounting and finance.
Account and Finance Skills
Accounting Information Systems
Reducing manual processes has its perks—reduced demands on your team’s time and risk mitigation. To help your team implement digital tools for your department, you might first start with an integrated, automated accounting system. These programs can include ledgers, transaction process cycles, application controls, information security requirements and business information systems integration.
Forecasting and Budgeting
Your team is consistently working with other departments and teams to forecast and budget appropriately. Ensuring your team has the most current understanding of various processes to account for resource expenditures, long-range budget forecasting and departmental forecast planning can help mitigate liquidity risks and increase returns on excess cash.
Digital and Complementary Skills
Big Data and Analytics
Data mining, business intelligence and managing big data is something you’re likely grappling with. Accelerating your team’s ability to gather, store, report and analyze important data through skills like business analytics, social network analysis, relational database management and data warehousing, data modeling and decision trees can help them understand and report on business objectives and drive positive results.
Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA)
Finance and accounting teams are becoming increasingly more reliant on advanced technology. Giving your team the basic understanding of how these tools function can help them understand their potential impact on your business. We can show them how to develop and train machine learning models and apply linear regression to make predictions, work with control systems related to applications such as robotics, natural language processing, data analytics and artificial intelligence.
Benefits of Developing Continual Learners
By creating learning pathways for your team to cultivate the business skills needed, you’re helping to future-proof your organization. You’re also helping to empower them to fulfill a career journey that could establish them as leaders of tomorrow.
See how skills development programs can benefit your organization beyond just improving the capabilities of your team. Here are a few benefits you could see from a partnership with DeVryWorks.
Increased Innovation
Not everyone equates finance and accounting teams with innovation, but you know that's just not the case. Today your team is eager to learn new ways of approaching their work. They’re ready to build the confidence to think creatively about their routine tasks as well as new ways of making improvements. When you foster diversity of thought and encourage next-level thinking, you encourage your team to bring the next brilliant idea to life.
Honed Problem-Solving Skills
Your team is notorious for thinking ahead—it’s in their nature. Fine tuning those problem-solving skills and applying them across your organization can help your team anticipate issues and develop proactive solutions. Making your team an even more powerful partner.
Boosted Employee Engagement
Offering a development track can sharpen your team’s skills and ultimately advance their career. When your team feels they’re on a clear career path, that supports and values their ideas and aspirations, their engagement and productivity is likely to rise.
Shalom Suniula
Insurance consultant, USI Insurance Services | DeVry and Keller alumnus
My position as an insurance consultant offers an opportunity to advocate and give back to sports in a meaningful way. DeVry and Keller played a huge role in helping me prepare and understand how to transfer skills and discipline from one profession to the other.
