rising at firms with more than $5 billion in revenue. ... Discussion and Analysis ...... However, further analysis of the data shows most companies are struggling to ...
TABLE OF CONTENTS 3 Executive Summary 6 Workforce Management 19 Accounting Operations 27 Financial Systems 34 Outsourcing 38 Internal Controls and Compliance 45 Putting the Data to Work 46 Acknowledgments 47 Research Methodology and Respondent Demographics 52 About the Authors 53 About Robert Half and Financial Executives Research Foundation
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Executive Summary
EXECUTIVE SUMMARY
Workforce Management
Accounting Operations
Financial Systems
Outsourcing
Internal Controls and Compliance
Putting the Data to Work
Acknowledgments
Research Methodology and Respondent Demographics
Accounting and finance leaders are under constant pressure to manage a growing portfolio of demands. But how do they, or can they, measure success? Many internal key performance indicators can be used to gauge progress in various areas. But at some point, leaders can also benefit from asking the simple question, “How are other companies doing this?” No matter how well your department feels it manages its operations, no organization can — or should — exist in a vacuum. That’s why Robert Half has teamed with Financial Executives Research Foundation (FERF) to produce Benchmarking the Accounting & Finance Function 2017. The report, now in its eighth year, is based on survey responses from more than 1,400 financial leaders at public and private organizations in the United States and Canada. It also includes insights from followup interviews with select financial executives.
we found many accounting and finance organizations are still facing the same challenges — especially around recruiting and retaining skilled talent for their teams. As a result, we are once again beginning with a discussion of workforce management trends. We then report on how companies and their finance leaders are handling the everyday operations of the accounting and finance function. Topic areas include trends in outsourcing, cloud technology adoption, automation and the burden of compliance demands. In addition, we’ve highlighted comparisons between the new data and previous years’ data and noted any trends or significant differences.
About the Authors
About Robert Half and Financial Executives Research Foundation
In our previous report, the theme centered on resources: how to secure and keep the employees, processes and technology you need now and in the future. This year,
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Executive Summary
Report Highlights
Workforce Management
We present our key findings in each section of the report. Of these, we’d like to highlight several we found particularly interesting:
Accounting Operations
Financial Systems
Outsourcing
Internal Controls and Compliance
Putting the Data to Work
Acknowledgments
Research Methodology and Respondent Demographics
About the Authors
About Robert Half and Financial Executives Research Foundation
• Sixty-two percent of the largest organizations in our survey (those with more than US$5 billion in revenue) report that their accounting and finance teams are at least somewhat understaffed.
• The finance function — and, in many cases, its certifying officers who must sign the internal control report — is the most likely organizational component to have primary responsibility for the overall effectiveness of internal control over financial reporting. However, at the largest companies, there appears to be a shift away from certifying officers and toward the audit committee.
• For the first time in four years, the percentage of staff resources devoted to general accounting is unchanged. From 2014 to 2016, we observed a significant decline in this percentage, from 23 percent to
Mar 1, 2015 - To help you benchmark your compensation levels, Robert Half Technology releases a Salary Guide every year, complete with the most current information and ..... Network Engineer. $ 90,750 -$131,250. $ 96,000 -$138,750. 5.7%. Wireless Net
12/2017. Logistics Performance Measurement. 2. Benchmarking is the process of improving performance by continuously identifying, understanding, and adapting outstanding practices found inside and outside the organization. What benchmarking is : Bench
discourses in host countries, such as the United Kingdom (UK) have been used as ..... rethoric of a unified EU and the neoliberal myth of an unlimited movement.
that all European citizens should have free-movement in the EU fades away in ... The themes arising from this analysis set the tone for concluding that the main.
Nov 7, 2014 - Photo ID to the Runner Relations booth at the runDisney Health & Fitness. Expo. Lost $10 Disney Gift ... apple, & cranberries. Add Bleu ..... finisher certificate at MyDisneyMarathon.com approximately two weeks after the race.
Oct 11, 2017 - at the data; there appear to be increasing divergences between different .... A large part of the ...... has made clear in its Corporate Opera-.
Dec 11, 2014 - supporting mental health benchmarking toolkit which will be made available to all contributors. ... bespoke software tool that allows around 5,000 individual ..... Bed provision - Adult Acute beds. T00: n/a. Mean: 21. Median: 19.
