CFOs view professional development as wise investment

But few companies offer training programs
By
|hrreporter.com|Last Updated: 04/08/2003

Ninety-four per cent of chief financial officers responding to a recent survey said that it is either very or somewhat valuable for businesses to invest in ongoing professional development for employees. Surprisingly, however, more than half (57 per cent) also indicated that that their companies do not offer formal training programs.

The CFOs identified the following as the most effective methods for continuing professional development, in this order: computer-based training, in-house classroom-style training, professional development seminars, tuition reimbursement and mentoring programs.

The survey was developed by Robert Half International Inc., the world’s largest staffing service specializing in the accounting, finance and information technology fields. It was conducted by an independent research firm, polling 295 CFOs from Canadian companies with more than 20 employees.