CFO burnout brought on by talent shortages
At the start of every year, I make an effort to meet with as many CFOs and those sitting in hiring positions, as possible. Partly due to the lack of recruitment in January, but also to gauge the market sentiment for the coming twelve-months.
This year, I’ve noticed some interesting themes coming out of these discussions. CFOs and finance leaders, those who have shouldered the burden of an incredibly difficult three-years, are cooked.
Talent shortages, which persisted since early 2021, are only now starting to stabilise. In that time, many businesses have failed, many more pushed to the brink and others forced to restructure to survive. At a time when effective finance decision making has never been more important, the troops just haven’t been there.
Whilst we expect to be over the worst of the talent crunch, the effects will be long-lasting. I’m noticing senior candidates, for the first time in their careers, considering part-time roles, They are planning sabbaticals. And many, many more are seeking out new opportunities.
As we push through the headwinds of the past few years and into calmer seas, finance leaders are coming up for air.
In 2024, it might be time for a change of scenery.
Liam Killen
Director, Atlas Partners
Economic outlook with Commonwealth Private
Big thank you to our CFO, wealth and public practice clients who joined us at the CBA Docklands offices for our 2024 Economic Outlook Breakfast delivered in partnership with Commonwealth Private.
We were so lucky to be joined by Chris Watson — Senior Investment Specialist, who provided his well-researched insights on the global economy and outlook for 2024.
Atlas Partners’ day on the green
It was a hotly contested Ambrose tournament for the Atlas Partners 2024 Golf Day at the magnificent Woodlands Golf Club.
Congratulations to Dwayne Wathen, Justin Benson, Jeff Phillips & Brian O Marnain on the win. Both longest drive prizes were taken out by the big-hitting Tim Luscombe, whilst Paul Torpie and Sam Bye won the nearest the pin awards.
Thank you all for a fantastic day out on the green.
Footy tipping competition
The AFL season kicks off next week and it’s time to register for the Atlas Partners footy tipping competition. Register below and send the link to your family, friends and colleagues to join in on the fun, with some great prizes up for grabs.
1st prize — $350 Rockpool voucher
2nd prize — $200 AFL store voucher
3rd prize — $100 Hoyts voucher
Registrations have now closed, access tipping here
2024 Salary Guide
Find out what is powering the accounting and financial services workforce in 2024, the opportunities this presents and what this means for salaries.