The average tenure of a CFO is estimated to be 3 to 5 years. Some experts estimate that the CFO turnover rate has only increased over the past few years. This phenomena has occurred due to the computerization of the financial function, a volatile economy, and the rapid increase in the rate of change in businesses today.
With that in mind, finding the right CFO or financial leader for your organization is often a hit or miss. Most CEOs hire several CFO/Controllers before finding the right fit. Unfortunately, this can result in diverting the management team’s focus away from running the business and, ultimately, the company loses the momentum for growth. Hiring a bad fit is a productivity killer.
Is there a better way to find the right fit? You know that hiring a CFO who complements your culture and has the skills required to achieve your targeted growth from the get-go eliminates the wasted effort and lost profits from a bad hire.
Utilizing our CFO Retained Search process allows you and your team to focus on what matters most: growing your business. We will find the right long-term solution for your company.
There are numerous CFO Retained Search firms in the marketplace. Unfortunately, their culture is a sales culture. The focus is on filling the position as soon as possible then moving on to the next transaction. The end result is that the client picks up the pieces when the hire goes bad.
There is a saying: “Hire in haste, regret in leisure.” We feel that the window of opportunity of hiring the right CFO is more than a 30-day wonder. By actively recruiting, developing long-term relationships with CFOs, and maintaining active networking efforts, a retained search firm like The Strategic CFO is in the best position to hire the right financial leader.
The Strategic CFO Retained Search process presents organizations with a unique, consultative approach to their search for full-time financial talent.
Reach out to us today. We’ll keep you focused on your business through this process.
Receive a free consultation – we will help you find the right CFO or Controller.
After a recent placement, we received this message from the client—
Hear from our client, Marshall Hoffman, President and Founder of Steel Supply LP, discussing how The Strategic CFO helped him find the right fit for his company.