Date posted: 16/12/2022

Why is CPD important?

Although many perceive CPD as purely a professional requirement, continuing education offers many more personal and professional benefits.

Continuing professional development (CPD) is a cornerstone of being part of a profession. Some members view CPD as merely a tick-box compliance exercise. Yet, put simply, it’s so much more.

Yes, undertaking CPD is a requirement for all members, but it is also the pathway to ensuring you remain up-to-date, knowledgeable and provide the highest quality services to your clients and stakeholders.

In addition, CPD also provides an opportunity not only for professional development, but also personal growth.

Some of you might not think seriously about CPD right now because you feel you have the right skills. But what about the future?

By building a wide-ranging set of skills, you can open up future opportunities and avoid being pigeon-holed into a job you don’t enjoy.

With the modernisation of CPD requirements in July 2021, reaching your required CPD hours has also never been more accessible.

You can now achieve your education hours through a range of activities that can be tailored to your development needs, career and lifestyle.

Here are five key reasons why CPD is important to you and your career.

Staying up-to-date

Given we live and work in a fast-paced world, it’s more important to make sure you are on top of your game when it comes to your career.

Members are involved in a range of activities from governance to property management to traditional accounting roles.

Whatever industry you are working in, there are constant changes to legislation, standards and the economic environment which you need to keep up-to-date with to ensure you are delivering for clients and businesses.

Building networks and connecting

Many CPD opportunities, whether they be with CA ANZ or through other providers, consist of workshop style or networking opportunities.

This will mean that you not only upskill in your area of expertise, but you also have the opportunity to learn alongside like-minded people who could potentially be future colleagues, clients or even mentors.

Maintaining our wellbeing

The past few years have demonstrated how quickly our environment, society and life as we know it can change unexpectedly with long-term impacts. Ensuring our own wellbeing and that of our colleagues has become a focus for many of us.

Many CPD opportunities focus on developing techniques to help us do this, from building resilience within ourselves and our teams to conflict management and authentic leadership. These skills benefit out wellbeing as well as our career.

Career development and progression

While a primary focus for any member is to ensure they maintain their professional competence by keeping up-to-date, most members will also want to future proof their careers and will be looking for potential career opportunities.

Taking advantage of CPD opportunities can help you take your skillset and knowledge to the next level, and also provide a competitive edge when looking at future career opportunities

Improving work/life balance

Since the July 2021 changes to CPD requirements, accessing continued education has become easier, providing not only consistency to members but also flexibility.

Today’s workplaces look very different to those five or even ten years ago. Technology has given us mobility, which means flexibility is paramount.

CA ANZ recognises this and continues to deliver CPD offerings both online through webinars and remote learning and also traditional face-to-face.

This means you can travel your CPD path in a manner that suits your needs.

It’s important to recognise that CPD is not just an obligation but an opportunity for members to stay ahead of the curve, improve their skills and competencies, meet ethical responsibilities and progress in their careers.

By viewing CPD as an investment in their career, members can reap both the personal and professional benefits.

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