""I was spending more time interviewing candidates than analyzing our business performance," Walsh recalls. "The talent shortage was an inconvenience and has become a liability.""
"Recent surveys indicate that 90% of CFOs are now outsourcing at least some functions to address talent shortages and optimize costs, representing a change from viewing outsourcing as a last resort to embracing it as a default strategy."
"CFOs report an average of 5 open finance roles, a 150% increase from previous years. Traditional hiring pools are increasingly constrained, with specialized skills commanding premium salaries that strain operational budgets."
"Over 40% of CFOs now identify outsourcing as a cost optimization strategy, driven by the 87% increase in reported talent shortages and the need for operational agility."
Jennifer Walsh faced a challenging search for a qualified financial analyst, struggling with rising salary demands and a talent shortage. After four months of ineffective recruitment, she turned to outsourcing through BruntWork, reducing costs by 75% and gaining a dedicated financial analyst quickly. This shift reflects a broader trend among CFOs, with 90% now outsourcing various functions to cope with talent shortages. Surveys show a stark increase in open finance roles and a preference for outsourcing due to constrained hiring pools and high salary expectations.
Read at Business Matters
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