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Challenges faced by multinational corporations
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Introduction
BDO Limited is the Hong Kong Member Firm of BDO International, a leading global accountancy network with worldwide presence and seasoned professionals providing an extensive range of professional services to our clients throughout the world.
We take pride in our full commitment to unleashing the growth potentials of our staff. We firmly believe that training and development are essential for the success of the staff and the organization as a whole.
As a professional accounting firm, we strongly advocate professionalism. To achieve our vision of being the leader for exceptional client services, our staff must possess sharp business acumen and be updated of the latest rules, regulations and standards in the accounting or other related areas. To equip our staff to be fully-fledged CPA professionals, the firm offers abundant developmental opportunities to our staff through an array of human capital development policies and professional training programmes.
In an age of rapid change of technology, regulatory environment and competition from other professional firms, we consider how those changes will affect the learning function, learning needs, learning programme design and learning programme delivery.
Anticipate and adapt more readily to regulatory changes
The firm recognises the rapid expansion in knowledge that is required of professional staff in order for them to discharge their professional obligations effectively and responsibly. New legislation, accounting standards and guidelines, increased public expectations of our work place increasing demands on the profession.
To maintain the skill and expertise necessary to fulfil the role of professional staff within the firm, we provide a comprehensive programme...
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This kinds of learning and development opportunities offered to the public not only enhancing the technical knowledge of stakeholders, but also serve as a good marketing device which can build brand awareness and differentiate our people and service offerings from legions of practices in Hong Kong.
Looking ahead
Life-long learning is always a key message we deliver to our staff who strive for professional excellence and success, and it is exactly the same cornerstone which has driven sustained business growth of our firm. BDO cultivates a continuous learning culture and provides a solid learning and development platform for our staff, and our staff proactively grasp every learning and developmental opportunity to excel themselves in the firm. All in all, the concerted developmental effort between the staff and the firm has successfully shaped the present BDO.
The training and development of employees in William Hill is imperative for the performance or the company as they are in a competitive market. William Hill has to inform workers to be aware of surroundings in the area that they work. Training and Development Training Training is essential for both employees and employer if they want to be effective within the organisation and also for a company like William Hill to stay competitive within their market. The reason why training is important to employees is to enable them to achieve their maximum potential in their current position, it is needed also to develop them to create further opportunities within the organisation because employees are likely to be better educated and become multi-skilled. Training should be ongoing within William Hill in developing the employee’s skills within the business.
...s. Any business, regardless of industry, would love to have a workforce that is dedicated to its profession and strives to continually improve.
Make a plan to link training and development to the business strategy that is understood by employees at all levels and their customers and ensure senior leadership publicly supports the training and development (Noe, 2013)
...The employees are trained, become part of a team, and are motivated to serve the community through their commitment and investment to the organization.
This method also empowered the employees giving them an opportunity to increase their skill levels and an opportuni...
The size of the organization is irrelevant, simply the importance of the staff functionality. Under-valued employees are a costly factor for employers, with low productivity, poor efficiency, dissatisfied staff, poor customer service, and a lack of dedication. By focusing my consulting energy on individual growth, coaching, education, and value; the organization will benefit tenfold by the addition of this consulting program. Conducting investigations to identify employee issues, skill assessments, employee turnover, retention services, providing counsel to human resources and leadership. Professionally researching employee morale, serving as a confidant for staff and their satisfaction. Creating and implementing employee communication programs, guiding leadership in ways to continually improve career development for staff. Lastly, personally identifying the needs of staff, conducting coaching strategies that encourage optimal growth for individuals, benefiting, employees and the entire
What started out with futures planning at RDS has now become something much more. A major force behind the creation of a school of thought coined the learning organization; Royal Dutch Shell and U.S. Shell were successful in transforming themselves into competitive and effective enterprises. Their work is not done however, because the work of a learning organization is never done. It must continually improve and develop, and every employee in the company must commit to this, from the janitor to the CEO.
Raelin (2000) writes that work-based learning can be illustrious from usual classroom learning in many different and important ways. Firstly, work-based learning is focuses in the region of reflection on work practices; it is not just about a subject of gaining a set of technical skills, but also about a case of reviewing and getting knowledge from experience. Secondly, work-based learning outlook learning as forthcoming from your action and problem solving inside a working environment, and so it is cited on live projects and challenges to individuals and organizations.
“Sustaining and enhancing the quality of this professional workforce is KPMG’s primary objective. Wherever we operate we want our firms to be no less than the professional employers of choice.” (REFERENCE HERE) As demonstrated throughout this report, KPMG prioritizes a high engagement with their employees to ensure that there is a strong alignment between both the strategic goals of the organization and the personal goals of each employee.
Overall viewing this company from an outside perspective they are a very highly profitable company but also know the values and programs that need to be placed in order to stay successful. Having a regular scheduled training base, programs will help keep the employees refreshed, knowledgeable and room to grow within their job position.
· Training, development and progression opportunities are available to all staff.
My second goal is to become a Certified Public Accountant (CPA). I plan to take the CPA exam immediately after my completion of Master’s program. The CPA certificate will not only to show my competence in independent work but also promote my opportunities to enter a managerial position. To realize my long-term goal of becoming a partner of Ernst & Young, I must be a role model who is familiar with advanced-level knowledge and certification exam.
After finish the whole set of tutorials, our perspective of accounting become more professional. The study of accounting is not just for the knowledge and skill, but also for the critical thinking as a professional. Accounting professional is not just about the job that we what to take for our future career, but also the behavior that we need to have for our daily life.
A learning organisation uses learning in a day-to-day manner. The focus is clearly on the job. It identifies and resolves problems as they occur, attempting to harness each situation and learn from it. Consequently, it ensures that all learning derived is stored, classified above all, used when confronted with a similar situation in the future.
Chartered Accountants serve business clients by preparing, reviewing and evaluating financial statements, consulting, preparing budgets and tax returns and analyzing financial information in order to help them with business strategies, auditing services, management, and maximizing production. Chartered Accountants are recognized as leaders of the Canadian business society. The intense programs of education and training have shaped each CA to become an evident leader with financial expertise to help any business grow and succeed in society.