Only 1 in 4 CFOs See Wage Hikes as a Top Priority
"Avoiding turnover costs and ensuring teams are right-sized with the right skills are top of mind."
What are CFOs prioritizing in 2023?
In 2023, CFOs have shifted their focus away from talent management, which dropped from the third to the eighth priority. Only 27% of CFOs now see increasing wages and benefits as a key strategy, a significant decline from the previous year.
How are companies addressing turnover costs?
CFOs are concentrating on reducing turnover among existing employees rather than hiring new staff. They are also investing in flexible work environments and technology solutions to enhance efficiency and decision-making.
What role does technology play for CFOs?
Technology transformation is a major concern for CFOs, with nearly 60% indicating their companies are engaged in robotic process automation (RPA) initiatives. The top drivers for technology investment include promoting efficiency, making data more accessible, reducing costs, and enhancing decision-making.

Only 1 in 4 CFOs See Wage Hikes as a Top Priority
published by ODP Business Solutions, LLC
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