Finance
Personiv Releases New Report on Finance & Accounting Talent Market
Global Banking & Finance Review®
Company
CFO Pulse Survey Offers Insights on Ongoing Talent Shortage
CFO Pulse Survey Offers Insights on Ongoing Talent Shortage
AUSTIN, TX – August 6, 2024 – Personiv, a leading provider of finance and accounting outsourcing solutions, today released a new CFO Pulse report that highlights a worsening accounting talent shortage, with 83% of senior leaders acknowledging the scarcity, up from 70% in 2022. The 2024 survey offers insights and explores strategies to mitigate the lack of talent and achieve efficiency, cost savings, and business focus.
CFOs are facing more challenges than ever before–from increased cybersecurity risks to global supply chain management. Contending with unfilled roles and a lack of skilled accounting professionals can disrupt businesses’ processes, leading to increased workloads for existing staff, delayed financial reporting, heightened risks of errors, and employee burnout.
Key findings from the report include:
“The accounting talent shortage is real, and companies are unquestionably looking for new ways to support and scale their teams. Understanding and exploring all options for filling roles without diverting focus from larger goals is crucial,” said Matt Wood, Global Head of Finance and Accounting Outsourcing at Personiv.
Click here to download the full report. Deeper analysis of the report and actionable insights for practical automation and outsourcing solutions will be shared in a webinar hosted by CFO Leadership Council and sponsored by Personiv on September 18, 2024.
CFO Pulse Survey Participants: 278 U.S. finance and accounting leaders from over 20 industries, including advertising, agriculture, finance, and technology, participated in the survey. Respondents represented diverse company sizes, with significant input from decision-makers directly involved in hiring.
About Personiv
With more than 35 years of experience, Personiv builds customized, virtual accounting solutions that deliver up to 50% cost savings. Our GAAP-compliant talent, and stateside client relations ensure quality, cohesion, and results. Contact us today to learn how Personiv helps finance leaders solve their talent challenges without compromising on quality.
Personiv is a division of eClerx (ECLERX:IN).
Press Contact
Mimi Torrington
VP, Marketing, Personiv
Outsourcing is the practice of hiring external firms or individuals to perform services or create goods that are typically done in-house, often to reduce costs and improve efficiency.
A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.
Financial reporting is the process of producing statements that disclose an organization's financial status to management, investors, and regulators.
AI adoption in finance refers to the integration of artificial intelligence technologies into financial services to improve efficiency, accuracy, and decision-making.
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