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.