Attracting and Retaining Finance Personnel: An Urgent Challenge for the Public Sector
The Confederation of Asian and Pacific Accountants (CAPA), an IFAC recognized regional accountancy organization, has launched its latest thought leadership publication, Attracting and Retaining Finance Personnel in the Public Sector. The report was launched at the CAPA-World Bank event, Financial Reform for Economic Development in Asia – Public Sector Forum 2016, in May in Kuala Lumpur, Malaysia.
Addressing a significant challenge for the public sector, it examines issues of capacity and capability, one of The Eight Key Elements of Public Financial Management Success, issued by CAPA in 2014. That publication pointed out that “having the right people will be crucial for the advancement of financial management in the public sector.” To address the challenge, CAPA suggests that a multi-faceted stakeholder approach is needed. The new publication has identified the stakeholders and methods they can employ alone or in concert with others, especially professional accountancy organizations, to attract and retain finance personnel.
Professional accountancy organizations are encouraged to use the identified strategies and methods as a means of engaging stakeholders in the public sector to address a key element in improving public sector financial management.
For further information, visit the CAPA website.