Training is vital if financial companies are to retain their best workers, according to new research.
A study by Robert Half International found that an increasing number of financial executives are using training as a means of retaining and motivating staff.
Career development programmes and financial compensation were both seen as key methods of retaining talented individuals, but it was training that was considered most important.
Some 73 per cent of HR and finance managers worldwide believe this is the most important factor; in the UK this figure is 68 per cent.
Accountant model has changed
Robert Half's Ian Graves said: "The traditional model of the accountant has changed. Today's accountants not only need financial acumen but must also find a balance between leadership and managerial skills.
"This broad requirement means there needs to be a concerted effort by both commercial and tertiary organisations to tailor education and training needs to meet the needs of modern businesses."
Another popular way of retaining staff is allowing them more involvement in the broader operations of the business.
"Offering people the opportunity to participate in the business decision-making processes provides a real sense of empowerment and means staff feel more valued in their role within the company," Mr Graves said.
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