Nevil Philip’s Post

A rewarding day to remember sharing the room filled with experience and passion across various fields focusing on one goal “The Future of the Finance profession”. Below are some striking takeaways from the insightful discussions - 1) Building trust with stakeholders by embracing new technologies in processes and active honest communication is a key business driver. 2) Thinking strategically and enforcing a culture of sustainable inclusive mindset at all levels in every decision we make thereby creating a stronghold on ESG and DEI. 3) Having to adopt>adapt>abort when required so we stay relevant in this rapidly changing environment. This is only possible with a self learning mindset willing to collaborate and communicate. (the art of story telling) 4) Finally the importance of “Design Thinking” and “Prescriptive Analysis” which helps identifying the RCA and providing a better context to business problem(s). This would be transforming data into dashboards, reports, scenarios and further developing business insights and remarks rather than reporting mere numbers. A wonderful night of networking and kudos to CIMA & AICPA for hosting this amazing and first of many - Members and Employers Conclave. #financetransformation #keepbuilding

Few days back I had come across an advertisement poster which had focused on investments with a conscious of your own behavior i.e. Considering factors like spending/saving habits and other behavior biases. 🕵♂️ In this week's article, we learn few common biases which occurs in one's mind consciously or unconsciously but what's more important is to reflect on the impact they can have on your decision making further affecting the end goal of financial well-being. Found this exercise very helpful and insightful. The map to the treasure gets even more closer to your reach only with an open mindset and effective self-evaluation. 🧠 The acronyms - NFA (Not Financial Advise), DYOR (Do your own Research), FUD (Fear, Uncertainty and Doubt) perfectly resonates to one's behavior towards investing. Don't worry - WAGMI (We're all gonna make it) 😅 💪 #behavioralscience #financialwellbeing #biaseanddecisionmaking

Workforce Balance is ought to be analyzed at an organizational, functional or departmental level and not at an individual POV. The diverse tools/techniques discussed in this article has to be utilized in the most timely and optimized manner to reap maximum rewards from the available workforce and further reduce risk ensuring the smooth operations of the organization. ⚖ No action can be done without effective assessment of the problem in hand i.e.. workforce shortfall/surplus, workforce planning and further monitoring the implemented actions throughout. It is imperative for any organization and leaders to harness the power of workforce planning for sustained success. 🎯 #humanresources #workforceplanning #goaloriented

Few days back a YouTube video (link at the end of the post) caught my attention about a serious Economic concern in Pakistan and how if the ideal Tax to GDP Ratio of 15% is not met, it can lead to a catastrophe and adversely a global meltdown. ⚰ 📍 🔨 Every government plays a critical role to ensure it administers and collects tax in an effective manner overcoming tax evasion or undisclosed revenue being siphoned outside the country which directly hampers the growth and stability of the economy. Yes, there are other factors which leads to economic downfall of the country and they are beyond their control, however what can be done is to have a fair and effective tax system in place which gives back to the people of the nation. 📈 Happy reading! https://lnkd.in/gFgmVGKV #TaxtoGDP #PublicExpenditure #Growth_Development

Cross-Departmental collaboration - This is not often talked about in an organization as it is embedded in the work culture or ethics to build a work environment which promotes growth both for both the organization and the professional. 🤝 This week we debunk how each individual has to keep upskilling or collaborating across departments with a focused mindset outside the assigned roles and responsibilities in order to meet the challenging and dynamic work requirements. The benefits of such style is plenty and would help one climb ladders in any industry or organization. 🌱 🌳 #Collaboration #Progressivethinking #StrategyMindset #Careerdevelopment

It is clearly evident these days where a situation arises when a manager becomes too authoritative ending up micro-managing and not honestly rewarding or appreciating one for their commendable contribution. This is a major factor which brings down the employee's morale and the future contribution which hampers the overall growth prospect of the organization. 👏 So what checks have to be in place or rather what acts shouldn't be done by a people's leader to ensure all are happy! We understand few basic and important advices one has to keep in mind be it debutants or seasoned campaigners. 🤜 🤛 #PeopleLeadership #TrustTogetherness #RewardRecognition #DecisonMaking