We’ve all heard the adage, “if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” In the financial world, this saying rings true. Hiring the right staff is essential to a productive, effective and purposeful workplace. A wrong hire can cost an organization thousands of rand and countless hours of wasted productivity.
As a professional body, the ICBA awards designation to individuals who hold recognized qualifications and relevant work experience. What’s more, our members take their careers seriously – and this can have a direct impact on a companies bottom line.
Here’s why you can’t afford NOT to have an ICBA member on your team:
Can you really trust a CV? Qualified ICBA members must hold an NQF Level 3 or higher qualification in finance, accounting, bookkeeping, business or office management. Members should also show a specific amount of work experience or experiential learning behind them. Both membership and experience is subjected to an extensive approval process by the ICBA and is vetted. The result? Confidence in the knowledge that your hire has the right, accredited qualifications and relevant work experience. Peace of mind.
The financial industry is constantly evolving and advancing. In order to stay abreast with current developments, financial industry professionals need to keep their skills and knowledge up-to-date, or risk falling behind. To retain ICBA membership, members are required to complete at least 20 hours of professional learning yearly, and earn a minimum of 20 CPD points each year. This incentive to keep learning and growing is a major advantage to hiring an ICBA member. Conferences, workshops and webinars can spark new, innovative ideas, improve systems and add value to a company.
Employees take their Career Seriously
Lackluster employees can hurt a company. Members of professional bodies have already demonstrated that they take initiative. They are not moving through the motions of their job – rather they’re career driven individuals who have invested in themselves and their futures. This has a ripple effect. Motivated staff can improve productivity and effectiveness in every aspect of the role, as well as boost company morale.
Avoid Bad Hires
It’s not news to anyone. Replacing ineffective people is expensive. Recruitment, screening, onboarding – the rands rack up. Furthermore, turnover affects company culture. Choosing a qualified professional individual from the start can make a substantial difference. In the words of famed management consultant, Peter Drucker: “The toughest decisions are people decisions. They receive the least attention and are the hardest to ‘unmake.” Do you have the right people on your team?
Thinking of hiring an ICBA member? Find out more about the ICBA here.