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Thursday, 28 April 2011

Managers 'need strong finance skills'

There is an increasing demand for leaders with strong financial skillsets who can continue to help steer companies away from the damaging effects of the economic downturn, a new report has suggested.

Figures issued by Robert Half show that 49 per cent of current chief executive officers have a strong financial background, which is being utilised by firms looking to balance the books and maintain stability.

This is compared with only 31 per cent of firms in 2008, explained Phil Sheridan, managing director of Robert Half UK.

He added: "As the economy continues to improve, we are seeing an increasing demand for leaders with a strong financial skill set to guide organisations through a challenging operating environment and drive competitiveness so they emerge a stronger, more capable business."

It follows the publication of new data by Experian based on the average financial strength of UK organisations, which showed that companies are now financially stronger and less likely to suffer insolvency than a year ago.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800515735-ADNFCR

Source: The Sales Director News

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