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In need of an interim finance chief? Get in line.
In 2023, demand for interim CFOs surged 46% year over year, according to a report from Business Talent Group and its parent company, executive search firm Heidrick & Struggles. What’s more, requests for finance pros like controllers and heads of FP&A skyrocketed 114%.
Requests for financial controls, accounting, and audit talent ticked up 33%, and demand for workers in financial planning, analysis, and modeling increased 28%.
“The current talent landscape has fundamentally shifted as companies can no longer rely solely on traditional full-time hiring to access the capabilities they need,” Sunny Ackerman, global managing partner of on-demand talent at Heidrick & Struggles, said in a news release.
The vast majority (95%) of executives said they expect to have difficulties finding the right talent according to their needs over the next three to five years, the report found.
Finance was ranked eighth among the top business functions in need of on-demand talent. The top five were human resources, marketing, strategy and internal consulting, CEOs and presidents, and operations. The industries with the highest demand included life science, consumer markets, private equity, industrial, and financial services.
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