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Creating a Finance Training Plan for your Firm

Blockchain, Digital Currencies, ICOs

At the heart of every business, is finance, so creating a finance training plan which keeps employees up-to-date with advances in technology, ensures they’re aware of cybersecurity issues and maintains compliant procedures, is vital for keeping your firm safe and strong.


Is a Finance Training Plan Really Necessary?

As with everything in in the world of business, research, planning and strategy can help identify potential risks or problems before they occur, so creating a financial training plan for your firm makes sense.

Also, the responsibilities linked to finance are huge and impact every other area of the business.

Ensuring steps have been taken to mitigate and reduce risks (while maximising efficiency and employee skills) through an effective finance training plan is essential, especially for key stakeholders and clients.


Creating a Finance Training Plan

All good plans start with preparation.

When creating an effective training plan, you’ll need to consider the following:

  • Assess target areas with a training need (for instance, cybersecurity, cybercurrency or industry regulations for professional development)
  • Assess employee knowledge and skills gaps (evaluate what they already know and calculate potential training ‘hot spots’)
  • Assess training methods which will suit firm’s needs (eLearning, in-person, bespoke courses)
  • Assess training providers and courses (find one that offers quality training with accredited courses)
  • Create a budget, timescale and plan objectives
  • Check progress regularly and re-assess any areas which are falling short

Once you have a clear focus for training, it may be worth assessing what training can be provided ‘in-house’ through mentorships or additional managerial level training which can then filter down through the ranks.

Mentoring and coaching are particularly useful as managers are on-hand to advise employees and often encourages a beneficial company culture.

Similarly, soft skills training linked to leadership and management often pays dividends and will benefit employees at every level.

In a nutshell; do your research and assess areas for training. Prioritize your training needs, without overwhelming employees, and use internal resources when available, but be mindful that partnering with a professional financial training provider, which offers quality and effective training solutions linked to economic development, innovation and technology, is a must for external training.


Types of Finance Training

The world of finance has been subjected to massive changes in recent years.

Digital currencies, cybercrime, AI, compliance, and so on, all change and progress with alarming speed so keeping your employees up-to-date can be challenging.

Knowing what types of finance training to offer, and how frequently training should be revisited or updated is essential.

Partnering with a professional training provider, such as, Creative Word Training, can really help here.

We offer knowledgeable advice on the best training courses for your firm, understand how training should be delivered, have expert trainers and industry leaders who design and deliver courses, and offer a wide range of training solutions for every industry.

Our finance training includes:


We can help your firm make the right decisions about finance training and ensure you achieve your objectives.

Contact a member of the Creative Word team here, or browse our current courses.