The CFO Playbook
The CFO Playbook
Feb 17, 2022
How Great CFOs Hire & Retain Talent
Play • 19 min

On this episode of The CFO Playbook, we share some of the best advice for hiring and retaining top-tier talent that we’ve received from finance leaders who have been guests on the show.

Lessons we cover in this episode:

The trends don’t lie: What CFOs are looking for from their candidates (and vice versa).

  1. CFOs are looking for technical fluency more than ever, and want candidates that have an understanding of multiple aspects both within the finance domain and beyond. The days of siloed roles are coming to an end.  
  2. Talent benefits from an empathetic leader who will provide a clear career path for the finance team member, and this is increasingly becoming a requirement for CFOs.

Hiring tips to build a dynamic team of business partners, risk-takers, and those looking for a challenge. 

  1. EQ is key when you’re hiring a finance team member who will engage with and partner with other lines of business. 
  2. Be transparent and observant throughout the hiring process to ensure the candidate is a good fit.
  3. Expand your talent pool if your company is set up for remote work.

Hire a mix of experienced finance experts and green talent with potential.

  1. As CFO it’s important to have a balanced team of talent you can nurture and talent that can help you fill in the gaps of your knowledge base.
  2. Regardless of experience level, you need to show up as a mentor and leader for your team to help them reach their full potential.

Hire for technology

  1. Technology literacy is as important as technical finance skills.
  2. Hiring for automation has the downstream impact of opening up opportunities for your team and making them happier at their jobs.

Once you’ve built your team, incentivize them to stick around.

  1. Cultivate an employee-first work culture.
  2. Make sure your company goals are clear, and that you’ve laid out identifiable career paths for your finance team members so they know what they’re working towards.

Tune in to the full episode to get all the best insights on hiring and retention.

Take The CFO Playbook Listener Survey to help us improve the show. You’ll also be entered to win your choice of the latest iPad Pro or a Samsung Galaxy S7.

Connect with our host Ross on LinkedIn.

If you want a better way to track and control your team’s spend, check out Soldo.com

 

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