Brexit, big data and global business pressures are taking their toll on chief financial officers.
The pressure is on the CFO to navigate global economic uncertainty,as signs of burnout and stress are surfacing within this ever-dynamic role.
The latest Deloitte CFO survey found Brexit remains the top concern for UK finance chiefs, followed by the push to cut costs and staff. Meanwhile, a report by recruitment agency Robert Half revealed three in four CFOs globally anticipate stress levels will escalate in the face of tighter business expectations.
Paul Venables, UK group finance director of recruitment company Hays, agrees the CFO role is a relentless job, where the day-to-day demands are increasing against rapid economic, business and technological flux.
“The need to reorganise and restructure finance functions on a global scale to drive efficiencies is just one of many challenges facing today’s CFO,” he explains. “In the UK, we have the added uncertainty of Brexit. It’s no wonder CFOs are feeling increased pressure….”
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This article originally appeared in Raconteur’s Future CFO report, published in The Times (UK) and The Sunday Times.