Hays CFO Viewpoint report
The Future of Finance Leadership: Redefining Success
Drawing on the expertise of 280 senior finance leaders from 17 key industries across Australia and New Zealand, Hays' CFO Viewpoint Report delivers in-depth insights into the evolving landscape of finance leadership.
It is the first in the “C-suite series” from Hays, aimed at senior leaders and senior hiring professionals, to uncover the challenges, priorities and expectations leaders are facing now and in the near future.
The CFO Viewpoint report reveals valuable insights into the evolving role of the CFO, as well as the shifting skillsets and requirements of their teams.
From traditional financial advisors to dynamic strategic innovators, we dive deep into how and why the role of a CFO is redefined as a CVO – Chief Value Officer.
The report offers recommendations and considerations for upskilling, succession planning, identifying talent gaps and solving the challenges that CFOs and their organisations are facing.
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Key Findings from Our CFO Viewpoint Report
The expectation for CFOs to steer the necessary digital transformation will only intensify. And as they navigate the intersection of technological innovation and talent management, they are needing to build future-ready finance teams, in which financial acumen is a given, but a whole host of – often lacking – soft skills are required to succeed more than ever in this evolving finance landscape.
Strong financial acumen is now a given for CFOs and their teams. What’s needed alongside that is technological proficiency in AI, automation and data analytics, leadership in organisational change and transformation, and resilience in the face of uncertainty and challenges.
A CFO today needs to upskill themselves and their teams, to prepare for AI, automation, and an expanding scope of responsibilities. They need to be able to leverage data analytics for strategic decision making, create talent acquisition and retention strategies, and address talent gaps by developing career progression plans.
All give weight to the increasingly complex environment CFOs operate in and the huge number of soft skills they and their teams need to learn and embrace. .
67% |
82% |
of CFOs list cyber security as their highest concern.
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of CFOs are planning to upskill over the next 12 months. |
89% |
91% |
of CFOs concerned about attracting and retaining talent in a highly competitive market..
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of CFOs will leverage AI and digital technologies to free up resources, enabling their teams to focus on higher-value tasks.
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