Controlling costs, motivating staff top CFO concerns: Survey

Many offering education, flex hours to retain staff
||Last Updated: 06/28/2011

Controlling costs and improving profitability, maintaining staff morale and motivation and managing growth are the top CFO concerns, according to a report by Robert Half.

The report, CFO Concerns: What Are the Top Challenges Facing Today's Financial Executives?, is based on a survey of 275 CFOs from across Canada.

Eighty per cent of the CFOs surveyed said they believe it is more difficult to be a company leader in today's business environment.

Forty-three per cent said they are concerned about losing financial professionals to other job opportunities.

And 45 per cent of CFOs said subsidized training and education and flexible work hours or 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 organizations,” 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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