CFO Salaries Expected To Rise In 2016

Henner Schliebs

Robert Half recently released its salary guide for 2016, and the outlook for finance jobs in general is healthy. Finance personnel can look forward to a 4%–5% salary bump next year, while CFOs can expect a rise of around 4%, depending on the size of their company.

The increase is fueled by the shortage of talent with desirable skills, as well as the rising turnover rate.

Experience in technology: a hot commodity

Technology is disrupting how business is being done all over the world. As a result, companies are now trying to scoop up tech-savvy finance professionals to help them keep up and identify new opportunities to grow. According to the salary guide, finance professionals can make themselves more marketable if they have these skills and experience:

  • Enterprise resource planning (ERP) experience
  • Data analytics expertise
  • Familiarity with business intelligence software
  • Previous experience in cloud-based software

Aside from experience in technology, qualifications in risk and compliance as well as strong project management skills are also seen as highly desirable by employers. Read the full salary guide here.

To learn more about how finance executives can empower themselves with the right tools and play a vital role in business innovation and value chain, review the finance content hub, which offers additional research and valuable insights.

About Henner Schliebs

Henner Schliebs is global vice president Audience Marketing for SAP S/4HANA and Finance at SAP. He is a progressive sales/marketing executive with 15+ years of experience in business software solutions focused on corporate functions. He has strong marketing and go-to-market skills and a proven track record in enterprise software solutions, along with significant experience in solution management and customer engagement.