According to a recent article in CFO.com (Always Growing Means Always Recruiting), a growing finance team should always be in hiring mode.
We recently touched on this subject in our recent blog post A Strong CFO needs a Strong Finance Team.
For a CFO to be successful, they need a strong team to support them.
For a CFO to have a strong team, they need to properly manage their talent.
For a CFOs to properly manage their talent, they need to have a Talent Plan.
A Talent Plan requires understanding the needs of the team today and in the future, the current structure and capabilities of the team, identifying growth opportunities for key performers, and managing the probabilities that staff will leave the company.
In the context of a Talent Plan, ‘always hiring’ is a good idea. However, done outside a well prepared Talent Plan, time and effort will not be spent efficiently or effectively.