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Professionalism and Talent Management in the Public sector: Lessons and Good
Practice from UK & internationally Ross Campbell
Director Public Sector, ICAEW
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• Professional accountancy and economic growth
• Why a strong finance profession matters
• The pillars of a strong profession
• The 8 dimensions of a successful professional
Professionalism and Talent Management in the Public Sector
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• The 8 dimensions of a successful professional qualification
• UK experience of building a public finance profession
• Talent Management
• ICAEW support to national professional accountancy organisations
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Professional capacity Professional capacity International standardsInternational standards
HighHigh--Quality Financial Management, Reporting & AuditingQuality Financial Management, Reporting & Auditing
Attracting foreign Attracting foreign direct investmentdirect investment
Transparency & Transparency &
Development & Development & delivery of public delivery of public
servicesservices
Professional accountancy and economic growth
+
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Transparency & Transparency & accountability accountability
Growth & Growth & development of the development of the
SME SectorSME Sector
Enhancing the Enhancing the effectiveness of effectiveness of
foreign aidforeign aid
Economic growthEconomic growth
Increased national wealthIncreased national wealth
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The global picture now – with thanks to PWC
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PWC Global survey on accounting & reporting by central governments – 2nd Edition – July 2015
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The global picture – five years time
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PWC Global survey on accounting & reporting by central governments – 2nd Edition – July 2015
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A strong finance profession is needed to deliver improved public finances
Public Finance Professionals help to:
• Champion reliable financial information
• Drive good management & governance
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• Drive good management & governance
• Inspire public and investor confidence
• Drive the journey to greater transparency
• Shape the profession of tomorrow
• Strengthen the climate for investment
• Contribute to sustained economic growth
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Why a strong finance profession matters
A strong finance profession can also:
• Contribute to improving the quality of tax advice and collection as well as reducing aggressive tax avoidance
• Support growth by serving Small & Medium Enterprises –the most important component of most national economies
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• Support policy making and the legislative process through drawing on the experience of expert practitioners
• Support regulatory processes through quality assurance
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The pillars of a strong profession
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NATIONAL ACCOUNTANCY ENVIRONMENT
1 2 3 4 5 6
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Sta
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The World Bank has produced over 115 diagnostic reviews around the world using the six pillars. The pillars have then been used to prepare roadmaps for reform.
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Pillar 6: Education and training
Educa
tion
& tra
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NATIONAL ACCOUNTANCY ENVIRONMENT
2 3 4 5 61
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Educa
tion
& tra
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g
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The 8 dimensions of a successful Professional Qualification
1. The syllabus and curriculum vis-à-visinternational standards/benchmarks
2. The quality of examinations and related student regulations
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student regulations
3. The quality of tuition providers
4. The quality of learning materials
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The 8 dimensions of a successful Professional Qualification
5. The quality of practical work
requirements and ethical training
6. The quality of pathways into the
professional qualification and the quality
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of university degrees
7. The quality the education and training
department in supporting students
8. The perceived strength of the brand
by students and employers
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• Start Early! It took time to build up skills and experience
• It was necessary to buy-in expertise for key senior and specialist posts
• but there is also a need to establish an
UK Experience: Building a government finance profession
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in-house pipe-line of talent
• Can use training & standards that are already commercial best practice –no need to ‘re-invent the wheel’
• Build confidence through ‘dry-runs’ or ‘pilots’ before going full implementation
• Concentrate then disseminate
• Consider setting up a ‘finance academy’
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What we learned in the UK
• It took time to build a government finance profession!
• The real value comes from the experience of putting the theory into practice & the associated learning
• There is real value in investing in creating high quality people
Strategic Finance (planning) vs. Operational
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– Strategic Finance (planning) vs. Operational Finance (running)
– Need to consider succession plans and ‘pipe-line’
– Recruitment & Retention is critical
• There is competition for good people – if you don’t make them an attractive offer they won’t join – if you don’t treat them well they won’t stay!
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Talent Management
Talented professionals make all the difference – attracting and retaining them is a critical factor for success
A combination of reward….
– Need to pay at least the ‘market’ rate
– Training & development opportunities
– Structured career path
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– Not all about cash though – government work can be interesting!
…and recognition
– The value & contribution of finance professionals acknowledged
– Finance roles empowered
– Finance embedded in management structures.
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• Strategic perspective on government financial management
• Understanding the end to end process
– How to plan – what is needed & when
How can the Accounting Profession add value?
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– How to plan – what is needed & when
– Expert advice & training resources
– Understanding the skills required to implement and operate
– Knowing the ‘art of the possible’
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ICAEW’s role in strengthening national accountancy professions around the world
Countries where ICAEW has delivered capacity building projects for the World Bank and other donors:• Bangladesh• Croatia• Cambodia• Ghana
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• Ghana
• Jordan• Kenya• Malawi• Myanmar• Nigeria• Serbia• Sri Lanka • Tanzania• Zambia
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A world leader
of the accountancy of the accountancy
and finance profession
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