How to stop your CFO leaving you for private equity
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Highly skilled and ambitious finance chiefs have long been attracted to the dynamism of private equity. In fact, a lack of experience in the industry can be considered a major hindrance to a CFO’s career progression, according to recruitment experts.?
“It’s no secret that hardworking and ambitious financial professionals aspire to be a private equity CFO,” says Mike Mesrie, founder and director of executive search firm MDM Resourcing. “It’s long been regarded as the promised land where there’s great riches to be had.”
Demand from private equity for finance leaders who can steer their companies through tough economic times is increasing. With these businesses on the lookout for talented CFOs, many of whom are equally eager to join the exclusive club, boards and CEOs need to know how to hold on to theirs. Sam Birchall explores just how to do that. Read more.
Why the ‘big stay’ puts emphasis on training for employers
Faced with a sluggish labour market, declining employment rates and lower levels of staff turnover, employers can wave goodbye to the great resignation and say hello to, what the CIPD has termed, the ‘big stay’.
More than half (55%) of employers are looking to maintain their current staffing levels, according to the institute’s latest Labour Market Outlook. This is the highest it’s been since 2016-17.
With fewer organisations looking to recruit, employers will now have to shift their focus towards the training and development of existing staff in order to fill skills gaps and future-proof their workforce.
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But, says Sam Forsdick with British companies having consistently overlooked employee development (investment in training by UK employers has decreased by 27% since 2011), many organisations will have their work cut out. Read more.
How to master the subscription model
In some ways a subscription model is a chief financial officer’s dream come true. They encourage customer loyalty, provide steady, predictable revenue and offer detailed data on how each individual behaves.
But making the shift to a subscription model is not without challenges. From identifying how to boost value, to establishing effective pricing strategies, finance leaders are crucial to the success or failure of such a pivot. Read more.
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