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Career paths are not clear
Too many young finance professionals in the public sector are being left in the dark about their potential career paths, says a new report from the ACCA.
Worryingly, just one in four (26%) of these young professionals believe that a clear career structure exists in their current organisations.
ACCA’s ‘Generation Next: managing talent in the public sector’ showed that 92% of respondents were attracted to public sector employers because they thought it provided the opportunity for them to learn and develop skills. Once there, many are finding the reality doesn’t live up to the promise.
The long-term concern is that the public sector will lose out as the talent goes elsewhere. ACCA’s head of public sector policy, Alex Metcalfe, said: “Public sector organisations are typically unable to compete on remuneration for top talent, but must instead communicate a holistic offering to candidates that includes clear career paths and a positive work environment.” He went on to say that attracting, developing and retaining staff in the public sector must now be the top priority.
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