AICPA and U.S. Department of Labor Sign Inaugural Learning Employers Program for Finance Business Partners


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Liberty Bank, Aon and HP announced as first participants

The program is the first of its kind in the country for accounting and finance; helps employers develop, retain and diversify talent

CHICAGO–(BUSINESS WIRE)–The American Institute of CPAs (AICPA) and the U.S. Department of Labor today announced the signing of Liberty Bank, Aon plc (NYSE: AON), and HP Inc. (NYSE: HPQ) to Recorded Learning for Finance Business Partners program. The national accounting and finance program, the first of its kind, will establish a pool of highly engaged candidates that will allow employers to track and develop more skilled, diverse and long-term employees. The program builds on the globally rigorous CGMA Financial Leadership Program leading to the award of the Certified Global Management Accountant (CGMA) designation.

Liberty Bank, Aon and HP are the first employers to participate in the program which creates a new pathway for those looking to pursue careers in accounting and finance, while providing employers with a program to help develop, retain and diversify talent . Liberty Bank has eight apprentices currently enrolled and seven more are in preparation for early 2023. Aon will follow with 15 colleagues and HP will recruit 10 colleagues.

“The battle for talent is heating up, making the need for more skilled accounting and finance talent even more urgent,” said Tom Hood, CPA/CITP, CGMA, executive vice president of engagement and growth businesses at the AICPA. “How we meet the needs of our finance teams today will better position us for tomorrow. Our apprenticeship combines a world-class apprenticeship program with on-the-job mentoring and training, which helps employers recruit and develop theirs, providing the type of workplace that the workforce of the 21st century awaits – diverse, inclusive, collaborative and innovative.

For more than a century, the AICPA has focused on driving a strong pipeline of professionals ready to support and grow organizations around the world. The recorded learning for finance business partners is the final step in this mission.

“The Registered Apprenticeship for Finance Business Partners program will help ensure that diverse and skilled teams are ready to fill finance roles now and in the future,” said US Secretary of Labor Marty Walsh. “Registered apprenticeship is a proven model and a solid investment for employers looking to develop a talented and diverse workforce. Today’s signing reflects the department’s continued commitment to expanding registered apprenticeship programs in emerging and high-growth industries.

These employer signatures coincide with National Apprenticeship Week (November 14-20, 2022), a national celebration where leaders from industry, labour, equity, labor, education and government host events to showcase the successes and value of recorded learnings to rebuild the economy, advance racial and gender equity, and support underserved communities.

“We wanted a cohesive program that immerses employees in the experience beyond the traditional development methodology. A consistent and ongoing opportunity for talent development across the group,” said Paul Young, Senior Executive Vice President and chief financial officer of Liberty Bank, based in Middletown, CT. “The program allows employees from all walks of their career development to participate in the program with cohorts at their learning level, complemented by a strong mentorship program. And it’s powerful because it helps ensure success and attracts the whole organization.

Benefits of Recorded Learning for Finance Business Partners to understand:

For employers, apprenticeship programs –

– Are career development programs that establish a pipeline of employees that employers can grow and monitor over time to dramatically increase the odds of developing a highly engaged, more skilled, and long-term employee.

– Area talent pool management toolwhich allows organizations to build, in addition to buying talent, and in doing so, take control of how they meet the current and future needs of their organization and improve recruitment.

Expand the candidate pool by offering experiences and training that the candidate may not have initially, and allows employers to consider a wider range of candidates.

For apprentices, these programs allow them to earn a salary while they learn and gain exposure to more career development and mentorship opportunities.

“Our employees are the heart of our business. We are committed to creating a culture of opportunity for our colleagues that makes them feel more relevant, connected and valued to help them reach their full professional potential,” said Mike Neller, Global Controller at Aon. “We are excited to make this program available to our finance colleagues, to help them learn essential skills, earn their CGMA designation, and chart a path to professional training, mentorship and career growth. ”

To research reveals that inclusive teams harness the benefits of diversity by improving team performance by up to 30% in high-diversity environments.

“Diversity is a business imperative; when we attract and train people from diverse backgrounds and increase their representation in the workplace, we strengthen a company’s business goals,” said Marie Myers, Chief Financial Officer of HP Inc. “We look forward to being part of of this learning recorded for finance. Business Partner Program as an offering of our Financial Cohort Program launched in 2023 with the hiring of graduates from historically black colleges and universities/HBCUs to generate more diverse and equitable talent within our team.

For more information on the apprenticeship program, visit the AICPA website Finance Business Partner Apprenticeship or email [email protected].

About the American CPA Institute

The American Institute of CPAs® (AICPA®) is the world’s largest member association representing the CPA profession, with more than 421,000 members in the United States and around the world, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and US auditing standards for private companies, nonprofit organizations, and federal, state, and local governments. It develops and scores the Uniform CPA Examination, offers specialized degrees, builds the pool of future talent and stimulates continuing education to advance the vitality, relevance and quality of the profession.

About Liberty Bank:

Established in 1825, Liberty Bank of Middletown, Connecticut is the nation’s oldest and largest independent mutual bank. With over $7 billion in assets, Liberty Bank has 56 banking offices in Connecticut and one in Massachusetts. As a full-service financial institution, Liberty offers personal and business banking, cash management, residential mortgages, business loans, insurance, and investing. Named Top Workplace annually since 2012 and Forbes Best-in-State Bank in 2021 and 2022, Liberty maintains a longstanding commitment to superior customer service and unparalleled community involvement. Visit www.liberty-bank.com.

About Aon:

Aon plc (NYSE: AON) exists to shape decisions for the better – to protect and enrich the lives of people around the world. Our colleagues provide our clients in more than 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.

Follow Aon on LinkedIn, Twitter, Facebook and instagram. Stay up to date by visiting the Aon Newsroom and sign up for news alerts here.

About HP:

HP Inc. is a technology company that believes that a thoughtful idea has the power to change the world. Its product and service portfolio of personal systems, printers and 3D printing solutions helps bring these ideas to life. Visit http://www.hp.com.

Media contacts:

Bill Ferguson, AICPA

[email protected]

919-402-4610

Source: American CPA Institute

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