
With this in mind, it seems surprising that as many as 60 per cent of finance professionals feel undervalued within their organisation, with more than half feeling they don?t get the same respect as colleagues working in other departments.
Both of these statistics come from a recent piece of research undertaken by webexpenses, which interviewed over 500 finance professionals across the UK. One of the key factors behind these findings is that finance teams are constrained by long-held, established practices that often consume their time and restrict their ability to influence the bigger picture, such as processing expenses claims and other financial data. This shows how important it is for businesses to think about how they can unlock the potential of their finance professionals and build a more motivated team that has the time and freedom to add value to their organisation. It could be that finance directors and managers can achieve this by following a few simple steps. Firstly, giving the members of a finance team a sense of empowerment can really boost their perceptions of themselves and enable them to demonstrate the value they add to people around them. Staff need to be given the chance to see the tangible difference that they can make to a business. Read more about FDs:- Tricks of the trade in being an effective FD
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