Essential planning for a FD/CFO recruitment process

The Importance of a Well-Structured FD & CFO Recruitment Process 

Recruiting top talent is a critical aspect of any successful organisation. When hiring an FD or CFO, without a well-structured recruitment process in place, businesses run the risk of making hasty decisions, hiring unsuitable candidates, and experiencing significant setbacks. To underscore the significance of planning out a recruitment process, it is essential to recognise the proverbial wisdom that “failing to plan is planning to fail.” By implementing a thoughtful and organised recruitment strategy, companies can ensure they attract, select, and onboard the right FD or CFO, paving the way for a successful appointment. 

By planning the recruitment processes you will: 

• Understand the skills you require from your Finance Director or CFO that will contribute to their long-term success. 
• Implement an effective candidate sourcing strategy that will help you attract the right calibre of FD or CFO. 
• Implement an efficient and well-communicated recruitment timetable which will help maintain candidate interest and reduce dropout rates. 
• Allow a thorough assessment of your candidates meaning hiring managers can make fair and objective assessments of candidates. This systematic approach ensures that only the most qualified FDs or CFOs proceed to the next stages of the hiring process, reducing the chances of making hiring mistakes. 

Did you know?

• Nearly half of senior recruitment processes fail at the first attempt. At FD recruit we boast a 91% first time success rate.
• Only 70% of senior hires are still in situ after their 6 month probation period compared to 98% of FD Recruit placements.

Our success goes beyond mere statistics. We have over 20 years’ experience of developing a deep network of financial candidates, specialist knowledge of assessing FD and CFO skillsets and proven recruitment processes that achieve results.

If you want to take the risk of recruiting an FD/CFO by yourself or you are partnering with a non-specialised agency, we have valuable resources available to assist you. These insights can be found in our FD & CFO hiring guide below or within the free downloads available on pages 2-15 of our client resources section.