Leading the Multigenerational Finance Department
Demonstrating a commitment to generational diversity can build an organization’s brand and reputation as an “employer of choice” for highly motivated, skilled finance talent.
CFO Insights: Leading the multigenerational finance department
For several years, CFOs grappled with the issues inherent in a multigenerational finance department, particularly the challenges presented by younger employees and their divergent views of what a finance career entails. Then the forces that rattled the global economy appeared to lessen the need to actively cater to varied talent expectations of the multigenerational workforce — given that many employees were focused on simply keeping their jobs.
In the years following the recent U.S. recession, however, we find ourselves in an economy defined by a talent paradox, that is, the growing challenge of identifying and keeping skilled finance practitioners and leaders in the midst of relatively high unemployment. In addition, given that high-talented finance professionals can easily move between organizations, CFOs face new challenges in assembling their teams, including the need to embrace multigenerational dynamics.
In this issue of CFO Insights, we examine the leadership challenges associated with managing diverse age groups across finance.
Download the CFO Insights article, Leading the multigenerational finance department, above to learn more.