Mentoring under-developed in finance profession
Finance profession doesn't make use of coaches and mentors
Finance profession doesn't make use of coaches and mentors
Coaching and mentoring is poorly practised by the finance profession, which
fails to pass on good practice and wastes training investment.
ACCA’s report, The Coaching and Mentoring Revolution – is it working?, found
few organisations with an embedded coaching culture in their business.
Although 85% of respondents saw coaching as beneficial, 60% do not use a
credited internal or external coach to develop finance staff competencies.
When coaching does occur, it tends to be retricted to senior managers.
‘We see very clearly that the establishment of coaching and mentoring
practices across the profession is an aspiration rather than a reality for most
organisations, said Jamie Lyon, co-author of the report at ACCA.
‘Coaching and mentoring is incredibly powerful but unfortunately in many
cases these benefits are not materialising because the practices are not being
utilised as widely as they could be.’
Further reading:
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceCEO mentor Andrew Garner tells delegates at ACCA conference the recent troubles at Tesco down to 'managerial incompetence' Read More...
View articleBribery Act has failed to increase confidence in SMEs says 51% of ACCA accountants Read More...
View articleIn essence, the IIRC framework aims to create more concise reporting that better communicates to investors how the business creates value over time Re...
View articleMore independence from the institutes signals FRC's bid to control its own destiny Read More...
View articleAudit and accounting professional bodies have been criticised in the Lords inquiry for over-complicating regulation Read More...
View articleDOES THE accountancy profession really embrace social mobility? ACCA seems to think so. A new report, Climbing the ladder: ACCA and social mobility, f...
View articleACCA outlines audit reform, following a series of roundtables across the globe over the past year Read More...
View articleACCA/Deloitte report finds complexity of narrative reporting requirements causing problems in providing relative information to shareholders Read Mor...
View article