CFO Buzz is a news feature capturing top stories affecting CFOs. This feature is published Fridays so that CFOs can gain perspective over the weekend, allowing them to challenge themselves and think about how to improve their lives, careers and companies.
1) More CFOs are losing their best talent
This article is not Finance specific, but it does discuss a trend I hear about more and more from my CFOs – they are losing their best talent. CFOs are responsible to ensure that they put the right efforts in place to build the best finance team possible and keep the best talent. Retention is way cheaper than recruitment.
One Downside of an Up Economy: Employee Turnover – New York Times
2) Talent Development – Investment or Cost?
With so much work to get done, how can the justification be made for spending money and time on developing talent? This article, written by a former CFO, makes the case that spending on developing talent is an excellent investment, and helps CFOs understand their role in linking talent strategy with organizational strategy.
Finding the Right Talent for Projects: A Gift that Keeps on Giving – CFO.com
3) Group CFOs and Divisional CFOs – Partners in Success?
Jeff Thomson, president and CEO of the IMA, interviews the new CFO of Hewlett Packard Enterprise on the value of CFOs working together in a matrix organization.
Hewlett Packard Enterprise CFO On How Divisional And Group Finance Chiefs Partner For Success – Forbes
4) The Risks of M&A to the CFO
M&A activity continues to be a significant part of the purview of the CFO. This article, while discussing the External Auditor issues relating to M&A, should be considered a gentle reminder to CFOs with M&A activity under their responsibility. While the CEO is more likely to be involved in the deal making, the CFO needs to not only support the deal while it’s happening, she needs to remember that there is A LOT of work post-merger that can add significant risks to Finance, as well as the career of the CFO. Beware.
Rise in M&A Deals Key Factor in Audit Deficiencies – AccountingWeb
5) CFO / CEO Collaboration
This article refers to an EY study discussing where CFOs collaborate with their CEOs, and areas for improvement. Worth reading and comparing to your situation.
How CFOs can support the transformation to a digital business model – CGMA Magazine
Some of Samuel’s other CFO stuff this week
CFO Moves – Moves across the USA – week ending October 30, 2015
5 CFO Opportunities for the Future of Finance
Good news CFOs: The Future of Finance Looks Bright (But Only if you Plan and Act)
Tweet of the week
Very rare to find graphs that resonate with hard pressed CFOs…..this squarely qualifies as one….highly relevant! https://t.co/q61l2zrGgn
— Hari (@harisekar) November 3, 2015
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