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Sovereign wealth funds: friends or foes?

CFOS AND THE TALENT GAP:

Does finance have the right people?

Corporate finance, with its highly specialised technical and analytical requirements, is on the front line in today's war for talent. Indeed, the cost and availability of talented recruits are European CFOs' biggest concerns, according to a recent poll by CFO Europe magazine and Tilburg University. Although the talent shortage is a challenge common to all senior executives, there are at least three pressures unique to finance departments.

First, as globalisation continues apace, transactions are getting more complex. Second, traditional financial reporting is expanding in scope, to encompass critical non-financial operational data. The third is related to the second - as finance becomes the hub for all company data, financial and non-financial, boards and management teams look to finance to provide the forward-looking analysis and insight to help make decisions for the business.

All three of these pressures require a finance staff that is comfortable with complexity, open to change and ready to build ties with the rest of the business. This research asks how close European finance chiefs have come to reaching these ideals.


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CFOS AND THE TALENT GAP:
Does finance have the right people? (May 2008)

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