Dan Carmody was recently featured in an iTreasuer article titled, "Cracking the Career-Path Conundrum." This article discusses a very important, yet rarely discussed, topic of personnel advancement within a treasury department:
How does a Treasurer promote qualified treasury personnel in a relatively small and vertically aligned treasury department?
This is the questions that every Treasurer needs to answer in order to keep a stable, efficient and happy treasury department. Frequently treasury staff is promoted when there is a vacancy within the department. If you have a stable treasury department how do you prevent your treasury staff from leaving the company to pursue their next promotion? One strategy is to let treasury department personnel rotate with other tangential departments so that all personnel can gain valuable insights and experiences.
What strategies does your company use to promote treasury department staff? Please comment below.
How does a Treasurer promote qualified treasury personnel in a relatively small and vertically aligned treasury department?
This is the questions that every Treasurer needs to answer in order to keep a stable, efficient and happy treasury department. Frequently treasury staff is promoted when there is a vacancy within the department. If you have a stable treasury department how do you prevent your treasury staff from leaving the company to pursue their next promotion? One strategy is to let treasury department personnel rotate with other tangential departments so that all personnel can gain valuable insights and experiences.
What strategies does your company use to promote treasury department staff? Please comment below.
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