With 2022 closing out at a five-year high for finance officers quitting their jobs, many companies find themselves with empty seats in the office of the CFO—according to CFO Magazine in a look at interim leadership trends revealed in Business Talent Group’s 2023 High-End Independent Talent Report.
The article notes how this leadership gap can immediately throw critical finance functions into disarray and halt growth, while burdening the CEO with a heavy workload amid the search for a replacement CFO. No surprise then that demand for skilled interim CFOs—who can fill the gap and complete particular tasks before the permanent hire arrives—more than doubled year over year, according to BTG’s report.
Along with examining the broader leadership deficit companies are experiencing across functions and at all levels, CFO Magazine also highlights BTG’s key findings on interim leadership engagements and project-based work in particular industries—including private equity, nonprofit and government, and industrial goods and services.
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