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ANALYSIS

Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
 
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Execs say finance talent pool is running dry

By Susan Kelly

Future finance leaders aren’t growing on trees, according to a Deloitte Consulting survey of finance executives.

Eight percent of the North American finance executives described the supply of finance talent was inadequate and 39% said it was limited. Global finance executives were even gloomier: 8.2% described the supply as inadequate and 50.5% said it was limited.

Similarly, 8% of the North American executives said their finance organizations were unable to meet their demand for finance professionals, and 30% said they were barely able to meet the demand.

The North American executives cited a number of problems that make it hard to attract the employees they need in their finance groups.

Almost 40% said that recent graduates don’t see finance jobs as a good way to launch their career, and 37% said their finance group doesn’t provide enough opportunities for professional development and career advancement. Forty-two percent blamed their organization’s lack of competitive compensation and benefits.

Deloitte Consulting surveyed 636 finance executives from around the world and a range of industries. One hundred and eleven of the executives were from North America.

Click here for the full survey.

Write to the editors at fw_editor@financialweek.com.
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