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Posted By Jackie Burns, VP Western Region, on Wednesday, Oct 29, 2014
As businesses become less siloed and hierarchical, companies need employees who understand the broader organization and market, rather than just having a deep understanding of their own department.
These changing trends are illustrated in Hays Canada’s latest DNA reports, which show that leaders across a range of areas from Finance to HR are emphasizing cross-functional understanding as a key trait for reaching the c-suite.
For accounting and finance this means developing management skills and understanding human capital and how other departments contribute to the company’s success.
In the most recent edition of Connected we explore the challenge Canadian businesses face in ensuring they are continually developing the needed skills within their organization, and retaining talent in the right functions to improve collaboration and innovation across departments.
Forward-thinking business leaders are using internal talent mapping to make the most of the employees they have. They can then use that information to be selective about backfilling roles to find the skills and experience they’re lacking in their current teams. The long-term, strategic outlook for hiring means candidates are not only being hired for current positions, but also for future potential.
Those hoping to reach the C-Suite should seek learning and development opportunities across a range of skills, especially those that will set them apart from their peers and prove their value to the organization. Future senior leaders will be expected to hold their own whether leading a team, discussing company finances and accounting issues, or taking part in high level, cross-functional strategic planning.