Forbes Insights: Survey Results

A Forbes Insights + SilkRoad Survey

Are CFOs Keeping Up With the New Reality?

When one in four CFOs say that unwanted turnover accounts for 25% to 50% of labor costs (one in 10 say it eats up 50%), you know that talent retention is critical to all of your business strategies.

In the age of digital transformation, as organizations look to enhance and offload human work with AI-enabled technologies, it becomes more important than ever to measure the human values of high performance—creativity, agility and empathy.

Forbes Insights together with SilkRoad Technology conducted a survey of CFOs to explore how financial executives approach and measure the benefits of engagement and the true cost of disengagement.

Key findings include:

• Primary cause of cause of unwanted turnover is poor employee engagement
• Increasing employee retention through better engagement has been adopted by one in three organizations
• Productivity is the top metric and benefit of engagement
• The finance function has an important role to play in determining how employee onboarding and engagement affect productivity and labor costs, according to 88% of CFOs

Hiring—and keeping—the best talent is crucial for achieving financial and strategic goals. Find out more by downloading the report today.