Good morning Since the responsibilities of the CFO have increased in recent years Sales volume Among the financial bosses has also increased and the companies prompted to increase the payment.
For example CFO Salary increases Remain stable in public companies: In 2024, the average basic content for CFOs was 4%, while according to the remuneration consulting partners, the CEOs did not increase the trends of 2023. In 2022, the median was 3.8% and 2.9% for CEOs in CFOs.
A study entitled “Delegation and CFO storage: Evidence of chief representative of the management team “indicates that the workload – especially in connection with accounting – is also a driver of the CFO turnover, which indicates that companies should go beyond payment in order to gain and maintain financial chief.
The researchers focused specifically on the delegation of accounting. They argue that, in contrast to other tasks such as digital security or risk management, CFO continues to be certified for all CFOs of the public company after their request to certify conclusions.
The study examined the data from US companies between 2004 and 2019 and concentrated on cases in which the CFO focused on the accounting tasks to a Chief Accounting Officer (CAO) or a controller that is recognized as the senior employee.
The most important finding: Companies in which CFOs delegate the accounting tasks experience at least a reduction in CFO runs by 18%. By delegating accounting, CFOs can devote more time to priorities on a higher level such as corporate strategy, digital transformation and human resources. In contrast, there are CFOs that manage both detailed bookkeeping and wider strategic tasks, rather burnout and leave their roles.
This research corresponds to the trend of the CAO role as an increased, strategic management position. Other companies today are looking for CAOs who are not only experts in technical accounting, but also important business partners and infrastructure builders, so Spencer Stuart. While the CFO role is developing, auditors take on increasingly expanded responsibilities, including tax and operational improvements in the entire company, the company states.
Overall, the study “Delegation and CFO retention” refers to the value of the delegation – not only for the maintenance of CFOs, but also for the establishment of management depth and strengthening companies over time. And I think AI is also ready to share this workload.
Sheryl Scot
sheryl.estrada@fortune.com
Ranking
Kevin D. Cook was appointed CFO by Bumble Inc. (Nasdaq: BMBL), effective on August 12th. Cook succeeds Ronald J. Fior, who will return from his role as between CFO and will serve in an advisory role until the end of August. Cook brings more than 30 years of experience in financial management in Bumble after recently serving as CFO at Cloudera, Inc. He was also a SVP for financial, corporate development and investor relationships at Cloudera and as a VP for strategic financial, corporate and business development at Barracuda Networks, Inc.
Geoff Boyd was appointed CFO by New charter technologiesA portfolio company of the Palo Alto-based private equity company Oval Partners. Boyd joins more than 25 years of experience with a new charter. Boyd has held CFO roles since 1999. He worked with a team of managers in two growth-strong undertakings for 15 years, initially took a telecommunications startup to a successful exit and later contributed to leading a turnaround and transformation effort at Aventiv (formerly Securus Technologies).
Big deal
President Donald Trumps comprehensive New tariffs Effective on Thursday at 12:01 p.m. The guidelines give taxes of 10% to 41% for imports from almost 70 countries. “It is midnight; billions of dollars of tariffs are now flowing to the United States of America”, ” Trump posted Before midnight on his social media platform.
Trump signed one on Wednesday Executive order to set an additional tariff of 25% in India for its purchases of Russian oil, which means that the combined The tariffs raised by the United States on their allies to 50%.
Go deeper
Delta Air Lines has a long -term strategy to increase profitability by standing out from the set tariffs and moving towards individualized pricing of AI. The airline controls this approach and is currently using AI to set prices for 3% of its tariffs.
While dynamic pricing – the setting of prices on the basis of the changing demand – is not new, Wharon Marketing Professor Z. John Zhang noticed in a recently carried out episode of WharTon’s This week in business Podcast that the prospect of higher import tariffs can change consumer mood. This environment makes it easier for companies to implement dynamic prices and increase prices.
Oversighted
“Our Jobrolle are deconstructed because some tasks could be taken over by AI and could be new so that the meaning or function of the job changes. You may need less a role, but this person takes on a different function.”
– Eva Selenko, professor of occupational psychology at the Loughborough Business School, told Assets In an interview Regarding AI and the future of work.
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