CPD - what counts as CPD and how to record it efficiently for your business
Continuing Professional Development (CPD) is an important aspect of any financial professional’s career. It helps them stay up-to-date with the latest industry trends, regulations, and best practices, which in turn helps them provide better services to their clients. In New Zealand, the Financial Markets Association (FMA) has specific guidelines on what counts as CPD and how it should be recorded for businesses.
According to the FMA, CPD refers to any formal or informal learning activity that helps financial professionals maintain and enhance their knowledge, skills, and competence. It can include attending conferences, workshops, seminars, online courses, self-directed study, and even on-the-job training. As long as the learning activity is relevant to the professional’s work and contributes to their professional development, it counts as CPD.
However, tracking and recording CPD can be a tedious and time-consuming process for businesses. It involves keeping track of the different types of learning activities, the duration, the provider, and the outcomes. This can be challenging, especially for businesses with multiple employees who are all required to complete CPD.
This is where TeamsPlus comes in. TeamsPlus is a software platform that offers a centralized platform that hosts many tools, one of which is CPD recording and course creation to foster the process. With TeamsPlus, businesses can easily track and record their employees’ CPD activities in one place. The platform provides tools for creating and managing online courses, tracking employee progress, and generating reports. It also allows businesses to set CPD goals for their employees and monitor their progress towards meeting those goals.
In addition to CPD tracking, TeamsPlus also offers other features such as compliance monitoring, document management, and performance appraisal. This makes it a one-stop-shop for all your business needs.
So, if you are looking for a solution to manage CPD and other business-related tasks, give TeamsPlus a try today!