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Contractors find themselves in demand by UK CFOs

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According to a recent report by a specialised recruitment consultancy, more Chief Financial Officers (CFOs) have continued to increase their use of contractors and other temporary staff.

The research, carried out by Robert Half UK, has shown that three in ten CFOs have increased their use of contractors, compared to this time three years ago.

The report, which surveyed 200 finance directors/CFOs, asked in what areas they plan to use contractor resources within the next 12 months, and the top results were general operational accountancy (24%), IT (financial systems implementation and upgrades) (20%), risk management (18%) and audit, compliance and corporate governance (16%).

Phil Sheridan, Managing Director, Robert Half UK said, “Despite regulatory changes, finance leaders continue to rely on the cost effectiveness that temporary professionals offer an organisation, allowing companies to account for workload peaks and troughs without incurring the fixed cost of a permanent hire.

“With the challenging business environment amidst continued economic uncertainty, some hiring managers are taking advantage of the knowledge and skills that interim professionals can bring to a company’s bottom line.”

He added, “By continuing to capitalise on the readily available and highly trained temporary and interim market, businesses can adjust more easily and quickly to workload variations, and bring in specialists with the required experiences to run particular programmes.”

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