Study conducted by CFO Alliance of Blue Bell finds talent, technology top list of CFO concerns

By

CFOs are no longer just looking for those who can capture, analyze and report data. They are called upon to create and enhance the customer experience.

The plates of chief financial officers are usually overcrowded with decisions and issues — and leading that list of CFO priorities are recruiting and keeping the top players — players who are able to change and evolve just as industries do.  This, according to Blue Bell-based CFO Alliance, and a major concern for the modern CFO.

The CFO Alliance’s annual CFO Sentiment Study, released this week by the Wayne-based network of more than 7,000 senior financial leaders, says an inability to find or retain the ‘right’ employees and leaders is a key concern for today’s finance executive.  Over 60 percent of respondents expect their hiring needs to increase over the next 12 months. Even more critical is that only 13 percent believe the rising leaders at their enterprises will stay or be ready to lead when called upon to do so., writes Jeff Blumenthal in the Philadelphia Business Journal.

[uam_ad id=”54865″]


The CFO of Office Practicum,  an electronic health records provider located in Fort Washington,  Ellen Purdy,  claims that technology is what is steering companies’ growth and advancement. And dependence on that technology, she said, is often what leads to fewer employees on the roster. But, she added that the employees who are hired for finance are needed for critical thinking, not clerical chores.

Like many CFOs today, Office Practicum’s human resources department reports to Purdy. She finds that encouraging finance professionals to carve out roles in which they are exposed to the broader company can be key for retaining top talent.

To read the complete story click here.

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

Hidden
MT Yes
This field is for validation purposes and should be left unchanged.
Advertisement