16 per cent plan to spend more time working
Some executives dreaming of their golden years are unsure when those years will actually start. More than one-third (38 per cent) Canadian CFOs said they had to change their plans from five years ago or are more uncertain about when they will retire, found a survey by Robert Half Management Resources.
Fourteen per cent said they are faced with increased uncertainty and are not able to predict when they will retire. While 16 per cent plan to spend more time working, eight per cent plan on spending fewer years at work, found the poll of 270 CFOs.
One-half (51 per cent) said their retirement plans have not changed.
The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level finance, accounting and business systems professionals on a project and interim basis. It was conducted by an independent research firm and is based on interviews with more than 270 CFOs across Canada.
"Economic factors and personal demands have caused many executives to re-evaluate their plans for retirement," said David King, Canadian district president of Robert Half Management Resources. "Organizations can accommodate tenured employees who wish to retire and retain their legacy experience by increasing succession planning efforts and offering interim or consulting opportunities. These options can help transfer knowledge from departing executives to future company leaders."