Michael Page Global CFO Barometer 2014
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Transcript of Michael Page Global CFO Barometer 2014
GLOBAL INSIGHTS
CFO & FINANCIAL LEADERSHIP BAROMETER
As priorities return to core value creation, what’s top of mind for CFOs & FINANCIAL LEADERS worldwide?
To SUCCESSFULLY DEAL with a broader remit, financial leaders must combine STRATEGIC THINKING with excellent SKILLS IN FINANCIAL MANAGEMENT, communication and change leadership
Today’s CFO unites in-depth financial expertise with additional capabilities in IT, legal, HR and procurement – DO YOU HAVE THE TALENT YOU NEED?
Cost optimisation 61.1%
Process optimisation 59.6%
Cash & liquidity management 48.2%
Financial risk management 30.8%
ERP implementation 23.3%
Mergers & acquisitions 21.4%
Transfer pricing 12.7%
Implementation of new policies 50.0%
Software implementation(s) 47.0%
Shared service centers 25.5%
Centralisation 23.9%
Outsourcing 13.6%
Decentralisation 7.4%
Insourcing 6.4%
No significant changes 18.8%
The figures on this infographic are based on 2,847 responses from financial leadership position in over 70 countries.
Legal
36.5%
Human Resources
33.7%
Procurement & Supply chain
23.6%
IT
41.1%
Administration
57.6%
Finance
100%
In the current scope of CFOs
Changes planned over the next 12 months
Top priorities over the next 12 months
As their own role diversifies, 6 out of 10 financial leaders are ACTIVELY looking TO RECRUIT experts to take on core finance functions
Financial leaders are mostly recruiting for…
Financial planning & analysis
19.8%
Cash management
8.5%
Financial management
7.7%
Accounting
23.0%
Controlling
24.9%
As their roles become broader and more
strategic, FINANCIAL LEADERS are GENERALLY HAPPY in their position
HAPPY75.0%
UNHAPPY25.0%
2 out of 3 companies find it difficult to hire the
right financial talent – ARE YOU RECRUITING THE
TALENT YOUR BUSINESS NEEDS?
NOT EASY65.9%
EASY34.1%
Once regarded as a stepping-stone to CEO, the CFO role is now A CAREER AMBITION in its own right
Where do CFOs see themselves in two years’ time?
Same position with a larger remit
43.1%
Same position
24.0%
Interim manager
2.7%
CEO or Managing Director
1.7%
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