MENLO PARK, Calif.,
March 21, 2019 /PRNewswire/ --
Workers today can expand their professional skills with less
financial stress thanks to a majority of employers offering to
cover or offset educational costs, new research suggests. In a
survey from global financial recruitment firm Robert Half Finance
& Accounting, most CFOs (94 percent) said their companies foot
the bill for some or all costs for staff to obtain professional
certifications. Ninety-five percent provide full or partial support
to maintain credentials.
Executives reported bottom-line benefits from this incentive,
with increased productivity (41 percent) and enhanced retention
efforts (30 percent) topping the list. CFOs also indicated
providing financial assistance for employees' professional
development can bring in additional revenue, contribute to
succession planning and enhance information-sharing among
colleagues.
While most businesses offer this benefit, small companies lag
behind their larger counterparts. One-sixth (17 percent) of
organizations with 20-49 employees don't help with expenses for
obtaining certifications, compared to just 3 percent of firms with
1,000 or more staff members.
View the Investing in Credentials infographic for the
detailed findings.
"Given the tight hiring market, companies are doing more to
attract and retain top talent," said Steve
Saah, executive director of Robert Half Finance &
Accounting. "For job seekers, continuing education aid can set an
employer apart. Organizations investing in employees' growth show
they value team members' contributions and career progression."
Saah added, "Firms reap major benefits by supporting their
staff's professional development. Employees can take what they
learn, including industry trends and best practices, and apply that
knowledge to meet business objectives and coach their colleagues."
About the Research
The online survey of CFOs was
developed by Robert Half Finance & Accounting and conducted by
an independent research firm. It is based on responses from more
than 1,100 CFOs at U.S. companies with 20 or more employees.
About Robert Half Finance & Accounting
Founded in
1948, Robert Half Finance & Accounting, a division
of Robert Half, is the world's first and largest specialized
financial recruitment service. The company has more than 300
locations worldwide. For more information,
visit roberthalf.com/finance, and for hiring and career
advice, visit our blog.
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SOURCE Robert Half Finance & Accounting