Even as they've been automated more functions, many accounting and finance teams report being understaffed, according to a study called Benchmarking the Accounting & Finance Function 2017. Two factors for the trend include climbing compliance requirements amid a competitive market for skilled talent. More than 60 percent of the largest organizations say their finance teams are at least somewhat understaffed, and businesses with revenue up to $4.9 billion have seen their median finance staff size reduced by half in the last year. Financial Executives Research Foundation and Robert Half sponsored the study.
FEI Daily (04/24/17)
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