Research On Competency Model Of Project Management Accountant In Construction Enterprise

Today’s world is in rapid globalization, and trans-regional operation is common practice. In order to achieve their strategic goals, construction enterprises must strengthen financial management. To do this work well, it is important to reasonably applying expertise of human resources management. Business environment for enterprises in constriction sector is increasingly complicated. The traditional model of human resources management can hardly meet the demands of financial strategy by construction enterprises in such a complex background. The human resources management based on competency offers us a novel thought to solve this problem. The focus of this model is the personnel themselves, rather than their position. Therefore, the direction of human resources management is shifted to managing the personnel’s competency.The object of study is project management accountants, which typically represent financial management personnel in construction enterprises. A competency model of project management accountants was established through the study. For establishing the competency model, we selected 8 outstanding and 11 average project management accountants in terms of their performance who work for construction enterprises in Xiamen, Fuzhou and other places as the object of study for the behavioral event interview. Based on the self-compiled Competency Dictionary of Project Management Accountants of Construction Enterprises, information of the interview was coded for analysis. Twenty-tree competencies of project management accountants were summarized. In additions, questionnaires were given out to project management accountants working in 11 qualified(Class 1 or above) construction enterprises in Xiamen, Fuzhou, Wuhan and other places. A total of 201 valid questionnaires were collected back. Exploratory factor analysis was used to establish the competency model for project management accountants of construction enterprises. The result of the study shows that the model consists of five dimensions, namely day-to-day management, relationships handling, organized cognition, risk control, and personal characteristics. The five dimensions include 22 contents of competency.As for the application of competency model of project management accountants, the study focus is on the use of the model in construction enterprises’ procedures of recruit, selection, and performance assessment of relevant personnel. Comparing traditional procedures with procedures with competency model were compared, the study highlights the practical use of competency model for human resources management of construction enterprises. The study is helpful for construction enterprises to deal with the increasingly complicated business environment, achieve financial strategic goals, reasonably appoint financial management personnel, and select and train talents. The study offers new thought and tool based on competency for construction enterprises’ human resources management, and it also serves as theoretical support and practical guidance for construction enterprises in selection, training and assessment of project management accountants.