Canadian Treasurer
 

June 27, 2010

CFOs reveal their top concerns in new report

TORONTO -- There's no shortage of pressures facing today's top finance professionals, according to a new Robert Half report, CFO Concerns: What Are the Top Challenges Facing Today's Financial Executives? The report highlights a number of issues impacting the role, namely controlling costs and improving profitability, maintaining staff morale and motivation, and managing growth.

The report is based on a survey conducted by an independent research firm. The survey includes responses from 275 chief financial officers (CFOs) from a stratified random sample of Canadian companies with 20 or more employees. You can download CFO Concerns: What Are the Top Challenges Facing Today's Financial Executives? at  http://bit.ly/CFO_Concerns_CAN.

Additional learnings from the report include:  

  • 80 percent of chief financial officers (CFOs) said they believe it's more difficult to be a company leader in today's business environment.

  • 43 percent of CFOs surveyed said they are concerned about losing financial professionals to other job opportunities.

  • 45 percent of CFOs said subsidized training and education and flexible work hours/telecommuting are the perks they are offering or plan to offer to retain employees.

"Understanding the unique challenges their peers encounter, and how they manage these issues, can help financial leaders currently facing similar questions within their organisations," said   David King, Canadian district president of   Robert Half  Management Resources. "In order to maintain a competitive edge in today's business environment, financial leaders must build and sustain strong networks of people who can help them develop best practices and remain well-informed on the latest trends."

 

 

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