While financial management employees declined, there was a significant change in how the function of financial management is defined. Implementation of the CFO Act has brought about a broader functional approach. Financial management responsibilities go beyond the financial management staff and now involve not only finance and budget staff but also contracts and acquisition, information resources management and human resources staff. In addition, in HHS the full range of human resources functions personnel and Equal Employment Opportunities are included in the CFO organization, which expands by one more function the cooperating players in the financial management community. We plan to . . .
People are our most important asset for achieving results.
Meeting the challenges of the changing financial management function means we must ensure that our staff has the knowledge, skills, and abilities needed to excel in a changing and a challenging environment. Benchmarking to determine best human resources practices in both the private and federal sectors for building a first-class financial management staff. Identifying curriculum resources for the continued development of financial management professionals. Analyzing staffing patterns and hiring activity in previous years to establish demographics of the HHS financial management community, determine trends and projection methods for forecasting future activity, and identify potential problems. Using the information from the interagency effort and our own demographic analysis, determine which issues are most important in HHS and develop appropriate solutions.