Grow your own CFO

EUROMONEY TRAINING GROW YOUR OWN CF Why recruit CFOS Internally? IT TAKES TIME GOOD COMPANY Companies with +5% growth It can take 30-33 months for external recruits to transition into senior finance roles revenues recruit CFOS internally 12 12 RETAIN TALENT CFO RECRUITMENT IS COMPETITIVE O 32% 60% of job switchers do it for career development 053% of CFOS feel that their organisation creates opportunities for junior financial talent of CFOS are recruited externally Planting the seed Nurturing talent FINANCE IS A GOOD STARTING POINT 42% WHAT DO CFOS NEED EXPERIENCE IN? Financial insight and analysis of CFOS started in a finance role 95% of CFOS think future CFOS need financial and management accounting experience Strategy formulation Risk management and execution CFOS PREVIOUS ROLES COMMERCIAL EXPERIENCE 31% 22% 37% FINANCIAL FINANCIAL CFOS CONTROLLERS DIRECTORS ELSEWHERE CFO DIRECT REPORTS SHOULD DEVELOP believe that those who spent their whole career in finance are at a disadvantage compared to those with commercial experience V Executing business strategy V Skills to manage upwards v Communication and presentation skills 67% Next Steps GET CFOS TO HELP NURTURE JUNIORS 80% of CFOS agree that succession mentoring is their responsibility, but only 50% have the time 80% 50% Find out how you can nurture your talent at www.euromoneytraining.com SOURCES: www.ey.com www.roleokfo.com www.businessjournal.gallup.com www.accaglobal.com