Determining compensation in the Finance and Accounting sector is not as straightforward as it seems. With a low unemployment rate of 2.2% and hundreds of thousands of roles left unfilled nationwide, there is a distinct skills gap in the industry.
Ask a group of Chief Financial Officers what their biggest challenge is, and the answers will have a common theme: uncertainty. Whether it is an inability to hire the right people or the concern of ransomware holding financial data hostage, it is always the unknown that presents the tallest hurdle to success.
In order to alleviate future challenges and best clear the path forward, organizations in any industry must first be aware of the top CFO challenges expected in 2017.
It’s no secret that Finance and Accounting talent is difficult to locate and even harder to hire. At companies all over the country roles are going unfilled, CFOs are left shorthanded, and over time the shortage begins to effect every department in an organization. Despite the widespread acceptance that there is a problem, very few take the time to investigate the root of why the skills shortage in Finance and Accounting exists and, most importantly, how to solve it.