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 Improving financially literacy in Public Service Organisations: A resources pack
It is not always clear what is expected from the people on the Board or heading service units, or what financial management competencies they need to do their jobs. This pack offers organisations the resources they need to address the key organisational discipline of financial management and to develop financial literacy throughout the organisation.
The resource pack is in two parts, one for the Board, or its equivalent, and another for Managers. Each part includes:
• A briefing that individuals can use to test their understanding and assure themselves that they are acting in the organisation's interest in relation to financial management. And to help identify development areas.
• A competency framework for financial management, providing a structured framework for the knowledge and behaviours that help build the financially literate organisation. This can be imported into its overall competency suite. Each framework is accompanied by guidance to help organisations maximise the benefits of using a competency framework and avoid common pitfalls.
Organisations can use these resources flexibly. The briefings can be circulated to individuals to help prepare for workshop training events, or more widely to identify knowledge gaps and training requirements. The competency frameworks can be imported wholesale as a 'financial management' cluster or existing frameworks reviewed for completeness.
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