First published 2020 via Mpya Finance website
The labor market for financial consultants is becoming increasingly agile. It is high time to start taking advantage of this fact. A company’s finance department that is already changing for a future where the exchange of skills takes place at a higher pace not only gets an edge over competitors – it also becomes a more attractive workplace for the sharpest economists.
I see an increasingly clear pattern among those who decide to become financial consultants. These are people who do not want to stagnate, who instead chase new opportunities to develop. In the role of financial consultant, you know that the intervals between assignments will be tight. By often being new to a workplace, you can sharpen your existing abilities and at the same time acquire new ones. Thus, you will also do a better job with the clients who hire you. Financial consultants who regularly change assignments are a source of supply of new energy. Now, more finance departments are also beginning to discover that a continuous rotation of resources helps to make the department a more dynamic and forward-driving force in the organization. There may even be an intrinsic value to have as a routine to, for example, once every six months switch a resource.
I know that there is still concern that an increased turnover of the labor force will also lead to increased disarray. Or, in the worst case, to the organization as a whole losing momentum. It is inevitable that there will be some loss of knowledge in the event of a transition. You have to be prepared for that. But the dynamism added by these transitions is often far more valuable to the finance department’s ability to act within the organization, and as long as there are good procedures for handovers, the fears are generally often exaggerated.
In addition, several of the most routine tasks have already been automated, tasks that required habit and years of learned patterns. The finance department of the future does not hire a qualified consultant to make debit and credit. These are not value-adding efforts, either for the consultant or the customer. Today’s financial consultant is instead connected to ensure that the systems that have taken over debit and credit work as efficiently as possible. If a finance department uses the latest technology and the ”right” skills, benefits are created for the organization’s results but also for the employees’ personal development.
Long-term approach contributes to development and continuity
For financial consultants with this mindset, it has often meant a sense of insecurity. Being between assignments was a strain, both for the salary account and one’s own well-being. Our financial consultants, on the other hand, work on the same terms as the permanent colleagues of our clients. We make sure that our employees have a sense of security that gives them more room to challenge themselves. This means that those who are hired through Mpya Finance also stay longer in the consultant role, which also means that we can offer a greater breadth of experienced consultants.
Never be the ”smartest” in the room. This is a motto that even a financial manager should keep in the back of their minds. Anyone who carries out a continuous exchange of skills not only creates a challenging and dynamic workplace for employees. It also leads to the fact that as a manager you are constantly faced with new ideas, and thus always forced to evaluate and update old truths.
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