CFC2120. The number one priority - how to develop sustainable talent

According to the Q2 AICPA Economic Outlook survey, availability of skilled personnel is back to the number one priority for finance leaders. One clear result of the Covid-19 pandemic has been the rapid acceleration of the digital transformation of our economy. Accompanying this digital transformation is an acceleration of changes to the critical skills, capabilities and mindsets that businesses need from their finance function. It is therefore vital to develop a strategic and sustainable approach to acquiring, developing and retaining a diverse pool of accounting and finance talent.

In this session, Barry Payne, Director - External Relations, Management Accounting will be joined by James Miln, Senior Vice President Finance and Investor Relations at Yelp to share insights on how Yelp has driven this change by putting together more formal development building blocks – and how Yelp has used models such as the CGMA Competency Framework to develop finance capability and talent needed to drive changes to their digital business and operating model.

Learning Objectives:

• Recognize how Yelp finance created a finance vision, established principles for its role in the broader company, and how it is adding value to the business.
• Identify how Yelp has worked with a set of competencies to translate this vision into clear functional and development goals.
• Recognize how Yelp has been able to measure investment in competencies and skills against its finance vision and principles
• Formulate a strategy for creating a vision and developing emerging competencies needed in your organization.