Jennifer Walsh faced a challenging search for a qualified financial analyst, struggling with rising salary demands and a talent shortage. After four months of ineffective recruitment, she turned to outsourcing through BruntWork, reducing costs by 75% and gaining a dedicated financial analyst quickly. This shift reflects a broader trend among CFOs, with 90% now outsourcing various functions to cope with talent shortages. Surveys show a stark increase in open finance roles and a preference for outsourcing due to constrained hiring pools and high salary expectations.
"I was spending more time interviewing candidates than analyzing our business performance," Walsh recalls. "The talent shortage was an inconvenience and has become a liability."
Recent surveys indicate that 90% of CFOs are now outsourcing at least some functions to address talent shortages and optimize costs, representing a change from viewing outsourcing as a last resort to embracing it as a default strategy.
CFOs report an average of 5 open finance roles, a 150% increase from previous years. Traditional hiring pools are increasingly constrained, with specialized skills commanding premium salaries that strain operational budgets.
Over 40% of CFOs now identify outsourcing as a cost optimization strategy, driven by the 87% increase in reported talent shortages and the need for operational agility.
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