Layoffs at U.S. Businesses Rose 16% in March

The temperature of the jobs market may finally be falling, albeit slowly, according to data from the U.S. Job Openings and Labor Turnover survey.With the Federal Reserve set to announce another 25-basis-point rate hike today, March layoffs at all-size U.S. businesses rose 16% from February to 1.8...

By Vincent Ryan • May 3, 2023

CFOs On the Move: Week Ending April 28

Margherita Della ValleMargherita Della Valle | VodafoneBritish telecoms group Vodafone appointed the company’s interim CEO and chief financial officer, Margherita Della Valle, as its permanent chief executive officer. Della Valle will continue as group chief financial officer until an external se...

By Lauren Muskett • April 28, 2023

AI Hiring Tools Will Require a Bias Audit in NYC

To the cost of searching for, interviewing, and onboarding job candidates, add one more line item if you are hiring people in New York City: the expense of hiring someone to do an independent audit of the software you use to screen candidates.A new New York City law is trying to bring transparenc...

By Vincent Ryan • April 28, 2023

Autonomy in the Workplace: Boost Employee Productivity and Happiness

Between the communication limits of remote work, the empowerment felt by employees, and the influence technology has on how work is allocated, completed, and assessed, the days of managers closely managing their staff are gone in some organizations. The idea that professionals must be directly to...

By Adam Zaki • April 27, 2023

Only 36% of Finance Teams Think Leaders Empathize Amid Change

The CEO-CFO relationship has a significant impact on whether or not a finance chief is satisfied and willing to stay in their role. Research reveals that the relationship between CFOs and their teams seems to have a similar effect.Talent retention issues and employee well-being being at the foref...

By Adam Zaki • April 26, 2023

Real Estate Rethink: How CFOs Can Tackle the Company’s Footprint Problem

Virtual engagement with customers and employees increased dramatically during the pandemic. And that change has stuck, to the surprise of some company executives. It’s not only employees who prefer a remote or hybrid setup. Companies are finding that customers want to do more business virtually, ...

By William A. Lovis III • April 25, 2023

Venture Capitalists Ramp Up Focus On Diversity

Issues around social justice and racial equity had already been an acute focus of public attention before the summer of 2020, when the murder of George Floyd and its aftermath gripped the United States and helped bring the issues to a boil.The heat has been on high ever since, and CFOs of pre-IPO...

By David McCann • April 21, 2023

CFOs On the Move: Week Ending April 21

Natalie KnightNatalie Knight | StellantisAutomaker Stellantis hired Natalie Knight as its new finance chief. Knight is currently chief financial offer at Ahold Delhaize, a food retailer headquartered in the Netherlands. Before joining Ahold in 2020, Knight was CFO at Arla Foods in Denmark and hel...

By Lauren Muskett • April 21, 2023

What CEOs Want In Replacement CFOs

Regardless of industry, talent retention is a continuing issue, and companies experiencing challenges acquiring and keeping quality employees are finding creative ways to attract the talent they need.When an executive, especially a CFO, finds a new opportunity, companies can be left scrambling fo...

By Adam Zaki • April 21, 2023

The 6 a.m. CFO: How Kajima Building & Design Group’s Bona Allen Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them.Today, Kajima Building & Design Group's CFO Bona Allen shares how he mixes his morning coffee, uses humor in his early meetings, and relaxes on water.If you...

By CFO Editorial Staff • April 20, 2023

Accountants 80% More Likely to Stay With Firms That Offer Integrated Tech: Weekly Stat

Finance leadership has been bombarded with labor issues over the past 12 months. As new labor trends, talent retention, new generational workforce demands, and benefit offerings have been impacting. the entire C-suite’s approach to labor, CFOs and their teams have also been affected by a continui...

By Adam Zaki • April 19, 2023

CFOs Face Workforce Trends in 2023

This ongoing reported series aims to help leaders understand the ways in which employees — especially younger generations — develop context to form work habits, opinions on work-life balance, and productivity. 

By Adam Zaki • April 19, 2023

More ‘Quiet’ Trends, ‘Great’ Phenomenons, and Trendy Labor Verbiage

Effective leadership bridges the gap between employees and managers through good communication and human-centric management. Staying current on the latest work trends and the verbiage employees use in the office and on social media helps.Regardless of whether the trends are actual changes in how ...

By Adam Zaki • April 14, 2023

CFOs On the Move: Week Ending April 14

   John Di BertJohn Di Bert | Air CanadaJohn Di Bert, currently the CFO of Clarios International, will take over as finance officer for Canada's largest airline, Air Canada. He replaces Amos Kazzaz, who will retire in June. Di Bert also served in a CFO role for aerospace manufacturers Bombardier ...

By Adam Zaki • April 14, 2023

Submarine Lieutenant to Finance Chief: Bill Nash

After serving nearly a decade in the U.S. Navy Submarine Force, Nash details his transition into corporate finance and a CFO role.

By Sandra Beckwith • April 13, 2023

Only 47% of Supply Chain Leaders Communicate Well With Finance: Weekly Stat

The expansiveness of the CFO role, from compliance to risk management to financing a welcoming and sustainable company culture, leaves finance chiefs' hands full. Good communication among leadership is essential, given these myriad responsibilities, especially during the hardest times.Managers wh...

By Adam Zaki • April 12, 2023

‘Quiet’ Trends, a Navy Submarine CFO, and Eyes on Inflation: Trial Balance

As Wall Street's quarterly earnings are expected to be underwhelming, JP Morgan faces new scrutiny from regulators after a recent audit from office of the comptroller of the currency (OCC), and Glass Lewis is advising Barclays' shareholders to withhold their former CFO's bonus. Q2 is in full swin...

By CFO Editorial Staff • April 10, 2023

CFOs On the Move: Week Ending April 7

Wendy ArlinWendy Arlin | Bath & Body WorksWendy Arlin is stepping down as chief financial officer of Bath & Body Works. Arlin, who took over as CFO of the fragrance and body-care products in August 2021, will leave the company on July 29 or earlier if a successor is named. Arlin joined th...

By Lauren Muskett • April 7, 2023

Is a Four-Day Workweek Feasible for Finance Teams?

Among the tumultuous and unpredictable landscape of labor trends, workers and managers alike have expressed interest in changes to how, when, and where employees work.From quiet quitting to demands of flexible work environments, employee empowerment is high. While the economy has forced a slight ...

By Adam Zaki • April 7, 2023

The 6 a.m. CFO: How Three Oceans Fish Company’s Carl Derving Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them. Today, Three Oceans Fish Company’s Carl Derving shares his grueling morning workout routine, one KPI he is very proud of, and why (and how) he brings his true ...

By CFO Editorial Staff • April 6, 2023

How Many Learning Days Should You Offer Employees? Metric of the Month

There is a certain complacency that many organizations start to develop once employees move beyond their onboarding and initial probationary period. Now that these employees are settling into their roles, the thinking goes, they do not require further learning or training. This is not the right w...

By Perry D. Wiggins • April 5, 2023

Interim CFO Demand Up 103% Year-Over-Year: Weekly Stat

Turnover for CFOs, regardless of industry, has become a tremendous burden on companies of all sizes. As 2022 closed out with a five-year high for finance officers quitting their jobs, many companies suddenly lack a financial officer.With four in 10 executives reporting last year they'll quit in 2...

By Adam Zaki • April 5, 2023

Only 26% of Employees Have Felt Partially Ignored at Work

As employees push back on return-to-office initiatives, participate in productivity-destroying quiet trends, and continue to have issues that impede their ability to work, managers and executives have to deal with an increasingly demanding employee base.Despite the balance of power shifting back ...

By Adam Zaki • April 5, 2023

The Tight Labor Market: What Execs Are Saying

Historically low unemployment has been a thorn in the side of the Federal Reserve’s policy-setting committee and prognosticators. While Jerome Powell and Fed's Open Market Committee have raised the Fed funds rate nine times in a little more than a year, the job market has refused to slacken.Will ...

By Vincent Ryan • April 3, 2023

CFOs On the Move: Week Ending March 31

Kenny CheungKenny Cheung | SyscoFoodservice distribution company Sysco named Kenny Cheung as CFO, effective April 17. Cheung joins Sysco from rental car company Hertz, where he has been CFO since 2020. He was an integral part of the team that led Hertz through its restructuring and Chapter 11 eme...

By Lauren Muskett • March 31, 2023