How finance training helps grow businesses

Our modern business world is ever changing, and finance teams need to be able to adapt to the evolving landscapes. Having additional training and qualifications can help enhance the work of financial team members, preparing them for any challenges or opportunities that may arise. In this article, LMP Education will discuss how businesses can provide training to grow their financial teams.

Financial training

Although many see accounting or financial roles as requiring years of training and multiple qualifications, the reality is that some individuals begin working in the field without these prerequisites.  Experience can go a long way in developing the right skills and expertise required for a successful financial career.

However, from a business perspective training can be hugely beneficial for business development and staff retention. By providing your staff additional training they can further develop in their role, bring new ideas and ensure compliance which is particularly crucial in the financial sector. Additionally, several studies have shown that individuals are more likely to stay in a job that invests in their career development.

How to utilise funded training opportunities

There are endless training opportunities available for individuals to gain additional qualifications, from short courses to university degrees, some more costly than others. An often-overlooked pathway is apprenticeships.

Apprenticeships are available for use by organisations for recruiting new team members or upskilling their existing staff. Funded through the apprenticeship levy, apprenticeships provide a low-cost way for organisations to develop their team.

 In an apprenticeship programme learners will be working full time while studying, allowing them to apply their theoretical knowledge in real-world situations. By participating in an apprenticeship programme learners develop a wide range of skills and knowledge while gaining hands-on experience.

LMP Education’s funded finance programmes

LMP Education has 3 levels of financial training, helping businesses to find the right programme and pathway for their organisational needs. These apprenticeships include professional AAT qualifications, ensuring the learning meets the highest standards.

Accounts or Finance Assistant Apprenticeship Level 2

This programme is ideal for those who assist with financial tasks or undertake junior accounting duties. Investing in a Level 2 Accounts or Finance Assistant Apprenticeship can bring valuable benefits to employers, helping to build a skilled and efficient finance team while supporting business growth.

Assistant Accountant Apprenticeship Level 3

This funded training programme can support staff in junior and entry-level accounting roles. Learners will gain the technical knowledge to improve the accuracy of financial records and streamline day-to-day accounting tasks, helping your business maintain compliance with regulations and improve overall efficiency.

Professional Accounting Technician Apprenticeship Level 4

Designed to provide aspiring accountants with a comprehensive understanding of accounting principles, practices and regulations, this programme is a fantastic opportunity to upskill long standing members of staff. Through this programme employers can develop future leaders from within, ensuring a strong talent pipeline and reducing the need for external recruitment.

If you are interested in utilising apprenticeships to recruit new team members or to upskill existing staff, book a discovery call with the LMP Education team today!