Is Your Recruitment Process Losing You Top Finance Talent?

As a CEO, CFO, or Head of Finance, you know that having the right people in key positions is non-negotiable for success. However, many businesses are losing top-tier finance candidates—not because they lack opportunities, but due to inefficient recruitment processes. The data is clear: a slow, poorly executed recruitment process can cost your business not only in missed talent but also in productivity and bottom-line results.

The Cost of Delay: Business Implications

Did you know that an unfilled finance role can cost your business as much as ￡30,614 per employee annually in lost productivity and recruitment expenses (Oxford Economics)? The consequences of having key vacancies unfilled for an extended period are far-reaching. The longer the delay, the higher the chance that your financial operations are disrupted, reporting becomes delayed, and strategic decisions are hindered by a lack of expertise.

In fact, top finance candidates are typically available for only 10 days before accepting another offer (LinkedIn Talent Trends Report). If your recruitment process stretches over weeks, you're already losing out.

Personal Impact: Why It Matters to You as a CEO, CFO, or Head of Finance

Leaving key finance positions unfilled can have a direct impact on your ability to meet critical business goals. As a finance leader, you rely on your team to ensure accurate financial reporting, sound forecasting, and compliance with regulations. Delays in hiring the right people can result in missed deadlines for quarterly reporting, weakening trust with investors and stakeholders.

Furthermore, the pressure on your existing team grows with each passing day. According to CIPD, 45% of employees report burnout when expected to cover the responsibilities of vacant roles, leading to higher turnover and further exacerbating your hiring challenges.

What You Can Do: 4 Key Steps to Streamline Your Hiring Process

If you’re serious about reducing vacancy times and securing top finance talent, consider these proven strategies:

1. Align Early on Job Requirements – Ensure that all key stakeholders are clear on the qualifications, skills, and attributes required before launching the search. This avoids costly delays later in the process.
2. Move Swiftly on Top Candidates – According to LinkedIn, top talent is available for an average of 10 days. When you find the right candidate, don’t delay. Move quickly through the interview process and make an offer decisively.
3. Leverage Recruitment Technology – Companies that use AI-driven recruitment tools reduce time-to-hire by 20% (PwC). Consider upgrading your recruitment systems to identify and engage top talent faster.
4. Partner with Finance-Specific Recruiters – Working with specialists like BTG Recruitment gives you access to a pre-vetted pool of finance professionals. We cut through the noise, identifying candidates who are the best fit for your team quickly and efficiently.

Real-World Success: A Client Story

Recently, we helped a mid-sized manufacturing firm in the Midlands reduce a three-month vacancy in their finance department to just 30 days. After filling the Head of Finance role, the company saw a improvement in financial reporting accuracy and a reduction in operational delays. The right hire made all the difference.

Ready to Optimise Your Recruitment?

The longer your finance positions remain vacant, the greater the risk to your business. Optimising your recruitment process can result in a 25% improvement in productivity and a 15% reduction in recruitment costs (SHRM).

Book a call with me today, and let’s discuss how we can help you secure the finance professionals you need to drive your business forward. I’d be happy to offer a personalised consultation and insights specific to your company's challenges. You can schedule a call via https://calendly.com/matt-btg-recruitment/initial-call or email [email protected] to get in touch.