Strategic Development of Success Profiles Strengthens Career Pathways and Competency Frameworks at Leading Accounting Organisation
The Brief
Future Leadership has partnered with a major accounting organisation over the past four years, supporting its Corporate Learning Solutions (B2B) channel and directly ensuring the validity and relevance of its Accounting and Finance Capability Framework, which underpins all learning products and solutions for its members.
In 2022 and 2023, the organisation sought to offer its members clearer career pathway options, leading to the development of 20 Success Profiles for key roles within the profession, ranging from CFO to Assistant Accountant.
Improved Employee Engagement
Companies that undergo successful organisational transformation experience a 30% increase in employee engagement. Engaged employees are more productive, less likely to leave, and contribute to a positive workplace culture.
Reference: McKinsey & Company, "The People Power of Transformations" (2018)
Financial
Organisations that successfully implement transformation initiatives see an average 25% improvement in their financial performance, including revenue growth and profitability.
Reference: BCG, "The Role of Leadership in Transformation" (2020)
Return on Investment (ROI)
Transformation projects with effective change management practices are six times more likely to meet their objectives and achieve a 143% return on investment (ROI).
Reference: Prosci, "Best Practices in Change Management" (2019)
Reduced Time to Market
Organisations that undergo successful digital transformation reduce their time to market by 20-50%, allowing them to bring products and services to customers faster and stay competitive in rapidly changing markets.
Reference: Deloitte, "Digital Transformation: A Roadmap for Billion-Dollar Organizations" (2021)
The Process
The Success Profiles were developed through a multi-phase process:
- Research and Stakeholder Interviews:
Desktop research and interviews with key stakeholders were conducted to understand the nuances of each role and how the existing Capability Framework would be integrated into the Profiles. - Capability Standards:
The Profiles highlighted the minimum levels or standards that professionals need to demonstrate across each capability. - Stress Testing and Validation:
The Profiles were stress tested through interviews and focus groups and subsequently approved by the organisation’s Board. - Integration and Application:
These Success Profiles are now integrated into the member portal, allowing members to self-assess and identify necessary learning solutions.
The Advisory Team's Impact Across Clients Through Survey Feedback
32% Increase in Self Awareness
Individuals’ awareness of motives, values, strengths and development needs
21% Increase in Motivation
Individuals’ motivation to apply learning, insight and further develop
27% Increase in Confidence
Individuals’ confidence in their abilities and impact as a leader
30% Increase in Role Clarity
Individuals’ clarity around success factors associated with their role
The Outcome
The development of the Success Profiles has enabled the organisation to differentiate itself in the market, not just as a provider of learning solutions but as a thought leader on the leadership and technical skills required for success in the accounting profession.
The Profiles are widely used, and Future Leadership continues to support the organisation in updating the Capability Framework and refining the Profiles as needed.
Many thanks for your work on this, we will be in touch to do some more."
