Talent attraction and retention remain pressing issues for many organisations across all industries. In Hong Kong, 90% of CFOs find it challenging to find talent with the right organisational fit, namely professionals able to align themselves with the company’s goals and strategies. Over 70% of respondents indicated that it was difficult to secure the right talent. This according to the Chief Financial Officer Survey of 300 CFOS from small to large organisations across various industries released by Robert Walters.
When asked about their top priorities for the year, the vast majority of CFOs surveyed felt that ‘maintaining the current revenue/profit margin’ would be their key priority; this was expected given their job function. 70% of respondents agreed that managing cost was second of their top three challenges. ‘Recruiting and retaining the best finance talent’ was selected by 62% of respondents as one of the top three challenges.
The survey findings show that—while most senior management remain highly focused on generating profit—talent attraction and retention has emerged as one of the top challenges in managing a business.
Top three recruitment challenges:
1. Finding the right talent with the right organisational fit: 90%
2. Securing the right talent: 72.5%
3. Managing employees’ expectations: 47.5%
The top three business challenges:
1. Maintaining the current revenue/profit margin: 90%
2. Managing cost: 70%
3. Recruiting and retaining the best finance talent: 62.5%
Paul Arkwright
Publisher
