Survey Finds Time Management Top Concern for Financial Executives


MENLO PARK, CA -- If time is money, financial executives are in the red, a new survey suggests. Thirty-six percent of chief financial officers (CFOs) polled said time management is the greatest challenge facing executives today. Keeping pace with technology followed, with 27 percent of the response.

The survey was developed by RHI Management Resources, North America's largest consulting services firm providing senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.

CFOs were asked, "Which one of the following is the greatest challenge for financial executives today?" Their responses:


Time management 36%
Keeping up with technology 27%
Achieving work/life balance 19%
Staying current with accounting regulations  13%
Don't know/no answer   5%

"For financial executives, balancing the budget may seem effortless compared to balancing their busy schedules," said Paul McDonald, executive director of RHI Management Resources. "Beyond managing their companies' fiscal priorities, executives have myriad other responsibilities that consume a large percentage of their day, such as investor relations and strategic planning."

McDonald noted that technology is a key area requiring a senior-level finance professional's attention. "CFOs are actively involved in deciding which systems and software are selected for their firms, making it critical to remain current with developments in the high-tech industry."

RHI Management Resources has locations in major cities throughout North America, Europe and Australia, and offers online job search services at www.rhimr.com.


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