The traditional distance maintained between CFOs and human resources managers may be slowly disappearing. As HR responsibilities increasingly intersect with big-ticket budget items, the money managers want to know more about what's going on in that department.
A Robert Half survey of more than 2,100 CFOs spotted the trend. The survey asked CFOs whether their roles had expanded outside of finance in the last three years. Of the 85 percent who said it had, more cited human resources as the primary new demand on their time than any other discipline.
Here's the breakdown of where the CFO role has crept since 2011:
- Human resources: 21 percent
- IT: 19 percent
- Operations: 18 percent
- Marketing: 17 percent
- Sales/biz development: 10 percent
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
