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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 SOURCES:

Grow your own CFO

shared by MariaBain on Sep 29
What does it take to nurture internal talent? Inforgaphic guides you though the process of growing your own internal CFO from planting the seed to succession mentoring.


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