Cripps Leadership Advisors’ Post

CFOs are constantly on the lookout for top finance talent. According to recent reports, recruiting and retaining finance talent remains one of their biggest challenges in 2024. We asked recruiting experts and finance pros to share their best tips to help recruit the best of the best. If you're interested in learning more about how to attract top talent to your finance team, check out the latest from our blog 👇 #recruiting #finance #talent #leadership https://lnkd.in/gmtDQsp7

CFOs in 2024 will have many priorities, including: -Talent management: CFOs will focus on talent acquisition and retention, as there is a continuing labor shortage and high quit rates. Upskilling existing finance talent is more efficient than hiring new people.  -Cost optimization: CFOs will focus on cost optimization and efficiency, including flexible budgets and zero-based budgeting.  -Growth: CFOs will focus on long-term, sustainable growth and profitability.  -Establishing finance as a partner: CFOs will focus on establishing finance as a partner to the business. So, take the first step right now and make sure that you have the right resources to get all your projects completed and have all the analysis and reconciliations updated for the year end. We can help you right now. At David Wayne Associates, we have provided permanent and temporary placement services for 20+ years to hundreds of clients, who rely on us as their trusted partners and friends. Let’s have a conversation; we’re ready to help you. #CFO #Controller #YearEnd #Trust #Partners #Friends #Collaborate #DavidWayneAssociates #BrettWeisberg #Success #FinancialReporting #FinancialAnalysis

IS THE LIFE OF THE INTERIM FOR YOU? Recent years have witnessed a surge in interim hires, fuelled by the post-Covid era and the allure of relatively higher pay and more engaging lines of work. Traditionally, taking on an interim role meant temporarily filling a position until a permanent hire was made or assisting clients through business-critical gaps in their infrastructure. However, nowadays, interim roles offer far more fulfilment and engagement, with professionals diving into exciting projects such as business transformation. But as more members of the FSN Modern Finance Forum dip a toe into the world of fractional or interim work the big question is whether the interim life is really right for you? In my latest blog I weigh up some of the positives and negatives of fractional or interim finance work. You can read the blog here https://lnkd.in/eWMzidwx I would welcome your comments below. #CFO #Finance #thoughtleadership

At onetribeadvisory, we understand the complexities of today's market. We offer tailored financial advisory services that provide the expertise of a CFO without the cost of hiring one full-time. Happy to discuss how we can find a quick solution to your financial management needs! #financialmanagement #smefinance #cfo #innovation #businessgrowth

THE LIFE OF THE INTERIM/FRACTIONAL CFO IS NOT FOR EVERYONE! Every week, somebody says to me that they want to leave corporate life and strike out on their own as an interim or fractional CFO. For many, it is life changing and liberating, but for others it can be stressful and less rewarding than they thought. In my latest blog I weigh up some of the positives and negatives of fractional or interim finance work. You can read the blog here https://lnkd.in/etEju_tg #CFO #Finance #thoughtleadership

As Financial Times posted recently, large corporations are struggling to find CFOs at reasonable cost and it's an even steeper climb for the dynamic world of small and medium-sized businesses. But here's the twist: You don’t need to break the bank to stay ahead in the financial game. SMEs, it's time to pivot! Why settle for the traditional route when you can explore innovative solutions to power your business forward? Let's chat and unlock the potential of strategic financial management, without the hefty price tag of hiring a full-time CFO. #SME #CFO #finance #business https://lnkd.in/eGyHxJCG

FRACTIONAL CFOs, you are not alone! 👇 Some critical points to consider for my finance colleagues, highlighted by Gary Simon in this insightful article. Three good reasons to join the conversation: #CFOLifeHacks - Discover the best practices and tips for a successful career as a fractional CFO #CFOLifeCrisis - Share your stories and challenges as a fractional CFO and how you overcame them. #InterimInsights - Gain valuable insights from experienced fractional CFOs and learn from their experiences. 😃 Would love to hear your thoughts about this challenging profession...

Did you know that employing a full-time CFO involves more than just their salary and benefits? CFOs play a crucial role in managing a company's finances, ensuring financial stability, and strategizing for growth. However, their costs extend beyond the paycheck. So what do you think, What are the hidden costs companies may incur when employing full-time CFOs? A) Training and development expenses B) Office space and utilities C) Recruitment fees D) Employee benefits and insurance Comment your answer below and check back for the correct answer! (CFOs command high salaries and benefits, which represent an opportunity cost. These financial resources could otherwise be invested in areas like research and development, marketing, or expanding operations) Read my full Blog- https://lnkd.in/erndKqHS #BusinessStrategy #FinanceFriday #CFOInsights #HiddenBusinessCosts #FinancialManagement #CorporateFinance #BusinessGrowth #Entrepreneurship #LeadershipDevelopment #SmallBusinessTips

Is your company planning to hire a new CFO? Naturally, “financial acumen” (or the ability to manage the company’s finances effectively) topped the list of most-desired skills for CFO candidates in a recent survey of hiring managers. However, respondents prefer candidates who also possess nonfinancial competencies in areas such as leadership/strategy, compliance and regulations, technology and analytics, the company’s industry, and relationship building. Finding the right person to join your executive team can be challenging. You might even want to outsource the position. Contact us for help evaluating CFO candidates to find the right mix of skills and experience for your company. www.albrightcpas.com #albrightandassciates #albrightcpas #cpa #business #finances #employee #reno #renonv #nevada

For the finance professionals among you, below is the take from Egon Zehnder, the leading recruiting firm, on the ideal CFO candidate for a private equity portfolio company. We agree with them✅ Their conclusion is that while there is no one-size-fits-all solution to finding the right CFO, the successful portfolio company CFO will typically embody several key characteristics: ➡ He/she will be forward looking and strategic, serving as a thought partner to the CEO and a business partner to the organization in driving value. ➡ He/she will be hands-on and operational, often wearing multiple hats and overseeing additional functions beyond finance. ➡ And perhaps most importantly, he/she will think like an owner, bringing entrepreneurial gumption, a hands-on approach, and a clear and timely communication style. The experienced private equity CFO knows “what good looks like” both in the context of a best-in-class finance organization and in the context of delivering value through a successful exit for a private equity sponsor. ✅ They also have a good paragraph on PE-backed firms and the importance of prior PE experience for an incoming portfolio company CFO: The answer will vary by sponsor, with some telling you it’s a nice-to-have and others insisting that it’s a requirement. Certainly, an executive who has previously worked as CFO of a private equity-backed company will be intrinsically familiar with dynamics such as operating in a levered environment, maintaining a relentless focus on cash flow, driving operational excellence, communicating with a private equity board, and knowing what information is needed and when. Even better is a CFO who has not only worked in a sponsor-backed company but who has also been involved in a successful exit for a private equity sponsor, with a proven track record of driving measurable value. While one can argue that a CFO learns as much, if not more, from a gritty, operationally challenged private equity situation, in reality sponsors will always feel more comfortable with a CFO who has rung the bell and helped to drive a positive outcome, all things being equal. Link: https://lnkd.in/g9KZgiXU #cfo #privateequity #careeradvice