Deloitte recently revealed that CFOs are stepping up to take a more active role in hiring as the talent shortage in finance becomes more critical. The involvement of CFOs in staffing their departments is now akin to that of a chief human resources officer, which is reshaping the finance landscape significantly.
Key Points
- CFOs are becoming increasingly engaged in the hiring processes within their departments.
- 34% of finance leaders indicated they are taking on a larger role in hiring, while 35% are integrating employees from other departments.
- The CFOs’ insights into their departments help them better identify the right candidates.
- A significant factor driving this change is the retirement of accountants and the decreasing number of young people entering the profession.
- 79% of CFOs are considering utilising generative AI to bridge skills gaps in the workforce.
- Challenges remain, with 48% of CFOs reporting staff resistance to new technologies as a significant barrier.
Why should I read this?
If you’re in finance or recruitment, this article is a must-read! It sheds light on how CFOs are adapting their roles to tackle hiring difficulties in a tight job market. The shift towards technology and internal resource management is not just a trend; it’s crucial for staying competitive. Get the insights on how these changes could shape your own hiring strategies!