Building a Team with Financial Talent

As a leader, you want to make sure your employees are the best around. After all, hiring the best and brightest is one of the keys to ensuring your organization’s success. Perhaps nowhere is that adage truer than when it comes to your financial team.

Success is often defined in financial terms – profit and loss, revenue, sales, etc. It stands to reason, therefore, that your financial team plays a key role in determining the success of the company. Without their expertise and guidance, you and the rest of your staff can have all the right ideas and work hard to execute them, but still fail to generate profit. And without profit, why are you in business?

Hiring the right individuals for your financial team is critically important. Even in a difficult economy – perhaps, especially in a difficult economy – great financial professionals can be hard to come by. That’s because their talents are in even greater demand when companies are trying to “do more with less.”

Here are a few tips to help attract the best and brightest to your company, rather than your competitor’s:

  • Talented individuals will be attracted to companies who they consider worthy of their greatness, so build your company’s reputation as a thought leader in its field. Start a blog, Tweet insights daily, or contribute bylined articles to respected journals.
  • It may sound counter-intuitive, but you should aim to hire those who are in the finance business to make a difference and work for a great company, rather than make a lot of money. That’s not to suggest you should try to get them cheap, but if all someone cares about are the numbers on their paycheck, chances are they are in it for the wrong reasons.
  • Look for someone you can trust. When you are talking about financial matters, you need to hire someone you would trus. Be sure to complete all appropriate due diligence and ensure that the candidate you are choosing is 100 percent trustworthy. If any red flags are raised, take the initiative to ask them about it – and then follow up to make sure they are being honest. There may be a very good explanation for whatever is raising your hackles.
  • Once you have made your strategic hires, don’t leave them to languish. Mentor them, socialize with them, and build a strong, collaborative relationship. They are key members of your team and hopefully will stay with you for many years to come. Endeavor to make them feel valued. Recognize their accomplishments and invest in them. Let them know they have a future with your company…if they want it.

Need help finding the right talent for your financial team? Contact Daley and Associates today. We offer superior recruiting and placement results, specializing in auditing and financial placement.

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