Finance Team Optimization

Finance team hiring, development, engagement and retention best practices

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 undergoing finance transformation expand finance team recruitment beyond traditional finance backgrounds and deploy an employability- and experience-based development model, not a ladder- and training-based framework.

Effective talent managers are 50% more likely to exceed their financial goals.

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.

Nearly 50% of CEOs believe their executive team is ineffective at collaborating with one another to manage the next-generation workforce.
Only about 50% of CEOs are confident their executive team can identify emerging skill needs.

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.

Only about 50% of CEOs are confident their executive team can identify emerging skill needs.

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.

Effective talent managers are 4x more likely to retain key employees.
There is up to 26% employee performance improvement under connector managers.

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.

There is up to 26% employee performance improvement under connector managers.

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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
Craig Wilton headshot

Craig Wilton
Senior Director, Advisory

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

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