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Survey: Finance Hiring Slowing

Slow down signAn 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.

 

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