An October survey of slightly more than 100 CFOs in the United States found four out of five are considering a hiring freeze. Released this week, the survey by OneSource Virtual, which offers ,H&R and finance outsourcing services, found the group also still concerned with a skills shortage.
The Key findings were the finding: *83 percent have a hiring freeze in place or are preparing for one; *43 percent believe they cannot focus on bigger strategic projects unless they automate manual processes; *83 percent worry about their ability to complete AP tasks on time; *95 percent believe the skills shortage will impact decisions to outsource finance and accounting tasks.
“In 2022m we witnessed CFOs’ priorities shift to the workforce coming out of Covid and dealing with the Great Resignation. In 2023, a potential recession and skills shortage will see their focus remaining on the workforce, their own departments included,” Courtny Cloeter, OneSource’s chief revenue officer, said in a prepared statement.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind