Accounting

Demand for interim CFOs surges amid widespread talent shortages

Finance is among the departments with highest need for on-demand talent.
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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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News built for finance pros

CFO Brew helps finance pros navigate their roles with insights into risk management, compliance, and strategy through our newsletter, virtual events, and digital guides.