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ACCA publishes report on talent management

The ACCA (the Association of Chartered Certified Accountants) is advising businesses not to sacrifice long term potential with short-term thinking as its report 'Perspectives on talent management in challenging times' is published.

The report is part of the ACCA's Insight series, which looks at the recruitment, retention and development of finance professionals.

Jamie Lyon, senior manager - professional development at ACCA, said: "At the moment there is an understandable concern in businesses of all sizes regarding the current global economic conditions. ACCA's concern is that these businesses will react with short-term measures to cut cost rather than considering the businesses long-term future.

"Even in these difficult times, staff cuts should always be a last resort. Now is a good time for businesses to invest in their current talent pool and to add depth to that pool through continued investment in training and professional development."

Tony Osude, head of professional development at ACCA, said: "The economic challenges many organisations are facing right now are unprecedented, but experience tells us that those organisations that take holding positions or 'paths to growth' strategies with corresponding investment in people, typically are the fastest to recover and enjoy more sustainable commercial success over the longer term.

"Getting talent management practices right is now more important than ever, particularly with renewed organisational focus on returns on investment - it needs to be a key business imperative for organisations".

External links

For more information about the report, 'Perspectives on talent management in challenging times', visit: www.accaglobal.com/mhc/

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