CFO VISION 2015 - Deloitte United States...CFO VISION 2015. CFO Lens Relevant, CFO-centric content...

CFO Lens

Relevant, CFO-centric content

November 11–13 | Washington, D.C.

CFO VISION 2015

CFO Lens

Relevant, CFO-centric content

Tina Witney, Director, Deloitte Consulting LLP

Do you have the right people

in the right seats — and can

you keep them there?

TALENT ACQUISITION

Copyright © 2015 Deloitte Development LLC. All rights reserved.

Agenda

2

Key talent acquisition trends 3‒6

Discussion questions 7


• In 2013, 40% of CFOs responding

to a survey on finance talent said

they are barely able or unable to

meet talent demand. Looking ahead

three years, the numbers improved

to only 33%.

• In the quarterly CFO Signals report,

almost half of CFOs indicated that

they see increasing difficulties in

meeting staffing needs due to:

• Qualified staff being difficult

to find

• Staffing needs shifting

Many CFOs feel that they are unable to keep up with their

talent demand.

3

40%

CFOs feel they are unable to meet talent demand1

Almost half of CFOs see increasing difficulty in meeting

staffing needs2

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Less difficult because our regularstaffing profiles are getting easier tofind

Less difficult because our staffingneeds are changing

No change

More difficult because our regularstaffing profiles are getting harder tofind

More difficult because our staffingneeds are changing

CFO respondents indicating

they are barely able or unable

to meet talent demand

1 Business Partners Needed: Results of Deloitte’s 2013 Global Finance Talent Survey 2 CFO Signals, Q4 2010


• Demand for skilled finance talent is

outstripping the supply.

• Finance planning and analysis roles

remain the largest recruitment

challenge.

• Internal control, controllership, and

tax are rapidly evolving areas that

have difficult roles to fill.

Roles that are evolving quickly and require broad-based skills

are the most in need of a new acquisition approach

4

Roles that are evolving quickly and require broad-based skill

sets are the most in need of a new acquisition approach1

1 Finance planning and analysis

2 Internal control/audit/control

3 Controllership and tax

0% 10% 20% 30% 40% 50% 60%

Increasing use ofoutsourced/offshore finance talent

Seeing an improved market forfinance talent

Having trouble finding the rightpeople for our open finance

positions

Actively recruiting new financetalent

Taking new steps to keep topperformers

1 Business Partners Needed: Results of Deloitte’s 2013 Global Finance Talent Survey 2 CFO Signals, Q1 2011

37% of CFOs indicate they cannot find the right people

for the jobs they need to fill2

Percent of CFOs agreeing with each statement


• Leaders are casting a broader net

to recruit talent through diverse

channels and candidate

backgrounds.

• Top talent is often lured away by

managerial or nonfinance positions,

indicating a need to rebrand finance

as a career destination.

The career branding strategy for finance may need to

be re-evaluated.

5

Top three challenges in attracting talent

to finance organizations in 20131

1 Lured by managerial or nonfinance positions

2Insufficient opportunities for professional

development and career advancement

3 Compensation and benefits are not competitive

51 47 45 34 32 32 2045 31 40 27 26 150 %

10 %

20 %

30 %

40 %

50 %

60 %2013

2007

Methods for acquiring talent, 2007 vs. 20131

Search

firm/

third

party

Internal

job

postings

Referrals Campus

recruiting

Lateral

hires

Online job

boards and

social

media

Networking

0

1 Business Partners Needed: Results of Deloitte’s 2013 Global Finance Talent Survey


Potential levers to assist in talent acquisition

6

1 Bersin by Deloitte, 20142 Human Capital Trends Report, 2015

Optimize recruiting Improve learning and development

• The most influential drivers of talent

acquisition performance are1:

− Developing strong

relationships between talent

acquisition and hiring

managers

− Developing robust candidate

pools

− Strategic social media

campaigns can be significant

differentiators

• Many companies are investing

more in learning and development

for their existing talent2

• Deloitte’s Human Capital Trends

Report suggests the following

areas to start:

− Reimagine and redesign the

learning experience to attract

and encourage people to learn

− Assess current learning

offerings and centralize

spending and strategy

− Elevate the job of chief

learning officer


• What is the biggest obstacle to talent acquisition at your company?

• What has been your personal “ah-ha” moment in this area?

• What is the one secret to talent acquisition that gets it right?

Questions for discussion

7

About Deloitte’s CFO Program

The CFO Program brings together a multidisciplinary team of Deloitte leaders and subject matter specialists to help CFOs stay

ahead in the face of growing challenges and demands. The Program harnesses our organization’s broad capabilities to deliver

forward thinking and fresh insights for every stage of a CFO’s career – helping CFOs manage the complexities of their roles, tackle

their company’s most compelling challenges, and adapt to strategic shifts in the market.

DisclaimerThis publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.

About DeloitteAs used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting..


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CFO VISION 2015 - Deloitte United States...CFO VISION 2015. CFO Lens Relevant, CFO-centric content...

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