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insight
F
ollowing Borealis’ success in winning the 2014 TMI
Corporate Recognition Award for Innovation and
Excellence in Treasury Transformation, we are delighted
to continue the series of articles that outline some of the success
factors in Borealis’ journey towards treasury excellence,
featuring Jan-Martin Nufer, Director of Treasury & Funding.
One of the issues that comes up regularly in discussions with other
treasurers is the difficulty in finding, attracting and retaining
treasury talent. In some cases, potential candidates lack the right
educational background, a problem that is exacerbated by the fact
that there is no global standard in treasury qualifications. Another
issue is more of a social phenomenon in that entrants to treasury
are sometimes unrealistic in their career expectations. While people
have clear ambitions, they are not necessarily willing to go through
the necessary steps to achieving them. This article outlines some of
the ways in which we, at Borealis, have tried to ensure that we
attract, retain and motivate the treasury talent that will enable us
to deliver excellence to the organisation.
Creating equilibrium in the treasury team
There are inevitably two channels for building a strong treasury team:
one, through external recruitment and second, via internal succession
combined with talent development programmes and internal
training. One of the tools we use is a formal process for succession
by Jan-Martin Nufer, Director Treasury & Funding, Borealis Group, Austria
Nurturing
Talent to Promote
Treasury Excellence
Reprinted from TMI |
www.TMI-Academy.comIAFEI Quarterly | Issue 30 | 6