Building a Successful Finance Team

Hire, develop, engage and retain a successful finance team

Finance team skills and needs are changing rapidly

Talent supply and demand increasingly concerns CEOs. CFOs worry too. Three in four finance organizations are likely to face a capability shortage because the finance team hasn’t yet mastered nontechnical skills like innovation and digital dexterity. And few finance-specific competency models and career paths exist. But, successful finance teams help CFOs reduce costs, increase clock speed and make more financially sound decisions.

A partner should not be defined as someone who is loyal to the fault. We must constructively challenge the way the business thinks.

CFO, computer software and services company

Adapt finance team management for the digital business

Advanced technology, matrixed decision making and new service delivery models are changing the skills, competencies and behaviors that the finance team needs for success. It’s critical that finance leaders expand finance team recruitment beyond traditional finance backgrounds and deploy an employability- and experience-based development model, not a ladder- and training-based framework.

Insights you can use

To build a successful finance team and lead the next-generation workforce, CFOs take four steps:

1. Monitor finance talent trends

Monitoring talent trends likely to impact the finance team helps finance leaders develop a better understanding of today’s work environment and inform their strategic workforce plans.

Download Gartner’s article and learn how to monitor talent trends.

2. Manage current and emerging finance team skills

Too few finance leaders have a forward-looking assessment of the finance team’s strategic capabilities. A better approach to managing current and emerging skills is required.

Download Gartner’s article to learn how to develop finance team skills.

3. Attract, engage and retain finance talent

Finance leaders must adapt to changes in how finance talent searches for jobs, what motivates finance talent, and what finance analysts need to be high performers.

Download Gartner’s article on attracting, engaging and retaining high-performing finance team analysts.

4. Adapt finance leadership style and structure

Nearly one-third of CEOs cite misaligned leadership styles and nearly half of CEOs cite outdated work processes as critical talent management challenges.

Download Gartner’s article to learn how to adapt leadership style and structure to the needs of today’s finance team.

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Gartner CFO & Finance Executive Conference

The Premier Destination for CFOs and Their Leadership Teams

Join hundreds of senior finance executives to hear key insights and learn actionable strategies for building the finance function of the future. Finance leaders who attend will:

  • Absorb insights based on proven practices
  • Capture crowd-sourced implementation ideas
  • Leave with prioritized objectives and practical solutions
  • Build lasting connections with finance peers

After attending [the Finance Conference], we were able to locate and mitigate a $2 million risk [and] avoided a potential audit.

Defense Firm
Case Study

Building a successful finance team at W.L. Gore

Listen to the Head of FP&A at W.L. Gore discuss how Gartner supported the finance competency development strategy.

Gartner Finance Group experts

Gartner’s finance experts include more than 35 people worldwide. Meet a few of our leaders. 

Jake Dunne headshot

Jake Dunne
Director, Advisory
Vince Griffin headshot

Vince Griffin
VP, Advisory
Meghan O’Doherty headshot

Meghan O’Doherty
Senior Principal, Advisory
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Craig Wilton
Senior Director, Advisory

Gartner’s finance experts are trusted, objective advisors for 1,750+ finance organizations

Gartner for Finance Leaders provides insights, advice and tools to help finance leaders make the right decisions to drive business results.