Survey Shows Government Regulations And Staffing Among Top Business Concerns For CFOs
MENLO PARK, CA -- Financial executives will focus on more than numbers-crunching in the coming year, a new survey shows. Chief financial officers (CFOs) identified their biggest business challenges over the next 12 months as government regulation (20 percent), maintaining adequate sales/financing (19 percent), competition
(18 percent) and finding qualified staff (17 percent). In a similar survey conducted three years ago, finding qualified staff (27 percent) and maintaining growth (22 percent) were the leading priorities.
The survey was developed by Robert Half, the world's first and largest staffing service specializing in the accounting, finance and information technology fields. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.
CFOs were asked, “Which one of the following is the biggest challenge facing your company in the next 12 months?” Their responses:
|Finding qualified staff||17%|
|Meeting customer demands||12%|
|Don’t know/no answer||6%|
“In the wake of corporate scandals and amid a weakened economy, CFOs are facing a variety of interrelated issues,” said Max Messmer, chairman and CEO of Robert Half. “Financial executives must provide strategic insight on day-to-day business matters, develop action plans for complying with new regulatory requirements and ensure their firms maintain a competitive edge.”
Messmer added, “While today’s unemployment rate is higher than three years ago, finding qualified professionals remains a challenge. Recruiting and retaining top talent is critical in any economic environment.”
Robert Half has more than 325 locations throughout North America, Europe, Australia and New Zealand, and offers online job search services at www.roberthalf.com.