CFOs Are Becoming More Involved with HR, Survey Reports

Chief financial officers (CFOs) are spending more time working in areas outside of traditional finance responsibilities, according to a recent survey. Nearly 20 percent of CFOs interviewed said they have become more involved in human resources department over the past three years.

The survey, developed by Robert Half Management Resources, asked CFOs, "Which one of the following areas outside of traditional accounting and finance responsibilities, if any, has your role expanded into most over the past three years?" Here are the results:

Operations

27%

Human resources

19%

Marketing

17%

Information technology

15%

Sales/business development

6%

None/role hasn't changed

15%

Don't know

1%

"Financial leaders are becoming more involved in all aspects of company operations, often to ensure greater financial controls across the enterprise and offer input on pricing, cost cutting and business restructuring," said Paul McDonald, senior executive director of Robert Half Management Resources.

The survey was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.

Source: Robert Half Management Resources


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