CFOs are worried about the availability of future finance talent and don't feel their companies are doing enough to make finance an attractive career option, according to a new survey.
Thirty-five percent of the 636 CFOs surveyed by Deloitte Consulting and the Economist Intelligence Unit said recent graduates do not see the finance function as a career launcher. Only 33 percent of the CFOs surveyed said that their finance organization markets finance as an attractive career option.
Career advancement tops the list of reasons that talented finance people give when they quit. Only 46 percent of the CFOs surveyed said that finance leaders routinely develop talent as part of their career development programs. Thirty-eight percent of the survey respondents said their finance organizations are reluctant to lend people to other departments so they can further develop their skills and knowledge of the company.
Complaints of limited or inadequate finance talent occurred worldwide, with 54 percent of the respondents in Eastern Europe, 53 percent in Asia Pacific, 52 percent in Western Europe and 47 percent in North America predicting the supply of talent will continue to be limited or inadequate in the next three to five years.
In other news from Deloitte, the firm named Gregory C. Swinehart as national leader of forensic and dispute services for Deloitte Financial Advisory Services. Most recently, Swinehart served as Deloitte FAS regional managing partner for the Northeast region.
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