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