As a business evolves, it will encounter the need to build credibility with outside parties, such as investors and lenders, and to make well-informed strategic decisions. In short, financial...Read more »
Financial staffing trend on the rise: Interim CFOs
Unemployment figures can easily be described as eye-popping, and the truth is that no job is guaranteed. While new jobs aren’t exactly jumping into anyone’s boat, there are more positions available for junior- and mid-level financial staffers than C-level professionals. But opportunities do exist at the upper levels of many small and medium sized businesses for those willing to consider short-term employment.
There are over 2 million temporary workers in America today. The Bureau of Labor Statistics doesn’t track how many of them are executives, but it’s safe to say that the number is on the rise.
For example, opportunities may seemingly arise overnight at fast-growing companies with revenues exceeding expectations. Another company may need someone to step in and help control costs during the launch of a new product.
Regardless of the scenario, interim CFOs often find themselves in very intense engagements. So, just as with a full-time hire, finding the right match for a short-term engagement is critical to success. Important topics to discuss whether you’re the one doing the hiring or looking to be hired include:
- The scope of the role
- Payment terms
- Confidentiality agreements
- The inner workings of the company
As in any similar scenario, it’s important to protect yourself by seeking out reputable staffing firms with a history of placing quality professionals. We’re here to help you do just that no matter which side of the interview you’re on.