CFO

The labor market could go either way this year, with varied potential ramifications for compensation spending, according to a recent survey from Payscale. Employees were particularly unlikely to leave their jobs when it was their own decision. The average voluntary turnover rate plummeted to 13%. That was down from 21% in 2023 and 26% in 2022. https://lnkd.in/eJ_-8etE

In part one of a two-part series, Lucanet's former CFO turned CEO Elias Apel and VP of finance Carsten Gerger share how they work together to influence product development and expand the business. "Of course, you still need a few accounting experts to make sure your finance function is running properly, but you don’t need as many as you used to,” said Gerger. “Technology can allow finance to concentrate on taking our expertise, looking at the data and making decisions in real-time, making forecasts in real time and continuing to evolve the way we do things.” https://lnkd.in/exX7WgGB

After traveling around the U.S. for most of Q1, CFO Alliance Founder Nick Araco JR exclusively shares key takeaways from?the CFO roundtables. “Across the country, we started our roundtables by asking ‘How many of you started this year with a mandate to hire within your finance and accounting teams?’ and all of the hands always went up,” Araco said. “But then, we asked if they had the same budget and mandate, and those hands all disappeared.” https://lnkd.in/e-QiYwMp

Crown Castle appoints a former T-Mobile exec as CFO, Gannett promotes its new finance chief from within and Universal Technical Institute hires Vacasa’s chief financial officer for the same role. ??John Szczepanski is named CFO of The Children's Place ??Hertz's CFO Scott Haralson will take on the additonal role of principal accounting officer ??Joe Loomis is brought on by the Portland Trail Blazers @ the Rose Quarter to be their new CFO ??Leslie's announces their new interim CFO is Tony Iskander ??Bruce Schuman has joined Universal Technical Institute, Inc. as finance chief

?? CFO Q1 roundtables; 'polywork'; CFO story archetypes; 4:39 p.m. is the new 5 p.m. This week's newsletter features takeaways from Nick Araco JR and The CFO Alliance's latest batch of CFO roundtables, a story on CFO storytelling from Kim Vogel, Public Board Director, Tech President, CFO, data stories highlighting recent findings from ActivTrak and Academized Research, how business leaders are preparing for the expiration of TCJA rules and more.

CFOs succeed as storytellers. How many of these plots sound familiar? "When CFOs harness the power of the right story at the right time, they engage and empower stakeholders at every level of the enterprise to take the actions required to move the enterprise forward, elevating the strategic importance of the finance and accounting functions and raising the profile of the CFO," writes Kim Vogel, Public Board Director, Tech President, CFO. https://lnkd.in/eyjaYEjy

New data from Academized Research?shows that 52% of millennials are working side hustles to earn extra money. This group has been dubbed “polyworkers,”?and the findings on their pay, a side job’s impact on productivity and the long-term sustainability of having multiple jobs are noteworthy for CFOs evaluating human capital allocations, assessing workforce sentiment and conducting pay audits. https://lnkd.in/dRX2Ubmk

The average workday is 36 minutes shorter than it was in 2022, but that’s one of many changes to contemporary work, according to new findings from the ActivTrak Productivity Lab. Findings?indicate the workday now starts at 8 a.m. and ends at 4:39 p.m. That’s 7% shorter than the 5:21 p.m. workday conclusion time in 2022. However, despite the early employee exits, productivity rose 2%. https://lnkd.in/eTwA5Vhb

Agentic AI takes efficiency to the next level as it builds on existing AI platforms with human-like decision-making, relieving employees of monotonous routine tasks. "CFOs will be happy to know that like other forms of AI, agentic is scalable and flexible," writes Baker Tilly US' David Hickey, who works as principal with the firm's robotic process automation practice. "For example, organizations can build it into customer-facing applications for a highly customized experience or sophisticated help desk. Or they could embed agentic AI behind the scenes in operations." https://lnkd.in/e29GX8xA

Checkr, Inc. CFO Naeem Ishaq talks about the impact of powerful leadership, providing AI training for the entire company and the CFO’s role in fundraising. “When I was making the decision to leave Salesforce for Square, I had the opportunity to take a very senior role at Salesforce when I was 31 — an amazing opportunity for me at the time,” said Ishaq. “But I chose to go to Square because I wanted to continue working with Sarah Friar and also get the opportunity to work with Jack Dorsey.” https://lnkd.in/eGpZYz49