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
Webinars
Provided by Yooz
Further Reading
IRS has announced some inflation-adjusted dollar amounts you’ll need if your benefits package includes tax-favored health plans. F...
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surpris...
A new opinion letter looked at whether one company needed to add bonuses into its overtime calculations under federal law. The answer fr...
Wage bases for 2026 are rolling out. You can ensure you’re accurately withholding for state unemployment insurance (UI) tax. Here’s...
Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who m...
You can’t just sit on forfeited retirement plan funds. But what options do you have? IRS has proposed regulations that’ll provi...