Maximising People Power- effective talent management in finance "Even during economic downturn companies should invest in Human Capital. By up scaling the workforce an organisation can create operational surplus and may positively influence the profitability even during a downturn".
Adrian Yap, manager internal control and chief internal auditor, Philip Morris (Pakistan)"With pressure on the bottom line, finance professionals need to be even more involved in strategic planning of the business. However, the experience is that there is a lack of depth in the finance staff to really add value to the strategic planning process. Organisations need to emphasise capacity building of their finance functions either by recruiting fresh talent or by learning and development initiatives for their finance staff."
Kamran Iqbal Yousafi, partner, KPMG "The concept of "Finance Business Partners is emerging fast. Besides their classic role, accounting and finance professionals need to have an eye for analysing business opportunities and identifying the potential of growth, thereby adding value to the overall business. In order to assume this role they need to have a clear understanding of commercial functioning of the business."
Farooq Hameed, partner, Ernst and Young Ford Rhodes Sidat Hyder "On the job training is the most effective and efficient mode of learning and development. It can take many forms like coaching, mentoring, job rotation, secondments etc. At a time when the country's economy is under tremendous pressure and businesses are finding it difficult to survive, managing talent can be a saviour."