Civilian employee and contractor financial management workforce within the Department of Defense

(a) In general The planning policies and associated processes, practices, and activities of the financial management civilian workforce within the Department of Defense shall be consistent with the following principles: (1) Involving top management, staff members, and other stakeholders in developing, communicating, and implementing the strategic workforce plan. (2) Supporting workforce planning strategies that use existing human capital flexibilities. (3) Monitoring and evaluating progress toward human capital goals. (4) Determining needed critical skills. (5) Developing strategies to address gaps in critical skills. (b) Financial Management Skills Assessment Integrated Product Team (1) Establishment Not later than 60 days after the date of the enactment of this Act, the Secretary of Defense, in coordination with the Under Secretary of Defense (Comptroller), shall establish a Financial Management Skills Assessment Integrated Product Team (in this subsection referred to as the Team) to develop a strategy to identify functions performed by civilian employees and contractors supporting financial management within the Department. (2) Process The Team shall establish and implement a repeatable process for timely reporting on financial management functions performed by civilian employees and contractors across the Department. (3) Briefing The Secretary shall provide a briefing to the congressional defense committees on the Team, a description of how the Team tracks financial management functions performed by civilian employees and contractors, and the Department’s audit readiness.