7 Megatrends in Modern Finance: Turnover

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Trend #5: CFOs see turnover as a roadblock

Earlier this year, we polled 252 financial and accounting decision makers to determine what major trends they see emerging that will affect the corporate finance function.  In this seven-part blog series, we'll examine each of these developments.

Whether being a strategic partner or improving processes in their areas, CFOs see high staff turnover as the top barrier to achieving key goals. That response was consistent across company sizes.

5-CFOs-see-turnover-as-a-roadblock.pngThis trend is likely driven by the improving economy. Past research, however, shows that “job drudgery” also leads to high turnover. Finance groups with efficient processes that allow for analysis and value-added activities generally have lower turnover. Those with inefficient processes – and who, as a result, spend the majority of time managing the processes and data – have higher turnover.

Read the Blog post on Trend #7

Read the Blog post on Trend #6

Read the Blog post on Trend #5

Read the Blog post on Trend #4

Read the Blog post on Trend #3

Read the Blog post on Trend #2

Read the Blog post on Trend #1

Check back next week for the next of the seven trends.

Posted by on October 14, 2016
Topics: CFO
Nick Ezzo

As Vice President of Demand Generation, Nick provides digital marketing and demand generation leadership to Host Analytics, the leader in cloud-based financial applications including planning, close, reporting and analytics. Nick has held marketing, business development, and consulting roles in companies like HBO, Nuance, Equilar, and Aspect Communications. Nick holds a Bachelor of Science in Communications from Ohio University, Athens, Ohio.

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