3-part plan for a more formal cross-training process
At this point, most managers understand the myriad of advantages that come from cross-training. But could your finance department benefit from an even more formalized cross-training process?
Here is a three-step strategy to help make cross-training a more formal process in your finance department:
- Identify — and rank — which processes and roles need to be protected in your finance department. While the goal is to eventually create a cross-training program in which all positions can be covered by a co-worker, certain tasks must take precedence — i.e., running payroll.
- Create a panel of experts. All managers know who their top performers are. But your experts need to be strong communicators when it comes to explaining what it is that they do.
- Figure out who should be cross-trained. It may not be worthwhile to train every member of your finance department. This is a great opportunity to send a message to your superstars that you really want them to further their careers.
Free Training & Resources
Further Reading
Most finance leaders have business strategy on their minds all the time. But few ever consider payroll strategy – for everything ...
IRS recently made changes to Form 941. For one thing, a Spanish version of the federal tax form is now available starting with the first qu...
The IRS has finalized the tax year 2026 Form W-2, solidifying more of the reporting requirements established by federal legislation passed ...
It’ll cost more in 2023 if you don’t display the required workplace posters. To complicate matters, electronic postings may be ...
New Jersey’s Employer Response Portal for unemployment separation reporting is now live, under P.L. 2022, c. 120 (S2357). Employer...
Maryland added new restrictions to earned wage access (EWA) programs, becoming the latest state to reshape how these services operate. For ...