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March 28, 2023

Deloitte: Fears for a future talent shortage in the finance area

Leaders of finance functions from top companies in Romania express fears of future talent shortages, this consensus singles out Romania from a total of eight countries covered by the most recent CFO Survey released by Deloitte Central Europe. Results show finance people in Central Europe markedly less optimistic than they were in April 2012 when Deloitte last surveyed their opinions. More CFOs express concern about greater financial and economic uncertainty, reduced expectations of growth, expectations of higher unemployment and more. “CFOs remain largely risk averse and cautious for the moment. Despite general macroeconomic uncertainty, they are still considering increasing company revenues, through both current and new markets and by looking out for new opportunities. More of the CFOs expect stagnation for the current year (81% versus 71.4%, in April). Despite such challenges and lowered optimism, I believe that this is a fascinating moment for finance professionals, as they strive to ensure a seat in the line-up for the future expected growth.” Pieter Wessel, Tax Partner Deloitte Romania, added.The great majority of the surveyed CFOs around the region are not worried about a prospective lack of talent and do not expect talent shortages in the finance area in the upcoming year. The only exception is in Romania, where 57% of respondents expressed their concern about the issue.

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