Tuesday, 05 September 2017 13:40

Key drivers of company success: 'the right team structure, data and skills'

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Research has revealed “the key drivers Australian employers consider crucial to the success of their business.”

Specialist recruiter, Robert Half, has an annual study is conducts with the help of “an independent research firm” which surveys “160 Chief Financial Officers (CFOs) and Finance Directors in Australia.”

This survey is part of Robert Half’s international workplace survey, a questionnaire about job trends, talent management and trends in the workplace.

Cleverly, Robert Half seems to be taking relevant bits from this study, and using them for relevant bits of PR during the year, and seeing as they’ve gone to the trouble of issuing some new info, I’m going to report on it.

Now, I did search through Robert Half’s site to see if I could find the study in question, but the freely downloadable (after free registration), but its resources page has a Finance 2020 Report and an “It’s time we all work happy” report, and I couldn’t find the stats listed below.

It turns out not all of this research is made publicly available, but it is conducted by a research firm independent of Robert Half, and used by the company as part of a very "comprehensive" PR approach.

So, enough of this intro, and on with the “three biggest success drivers”.

When asked to list the three biggest success drivers in the finance function, Robert Half says that “almost two in three (63%) Chief Financial Officers (CFOs) cite team structure and data systems/technical infrastructure respectively, and more than half (56%) refer to employees with the right skills.”

Here’s a chart illuminating this info.

Andrew Morris, Director at Robert Half Australia said: “The best results for any business start with having the right team. Not only do staff need to work well and efficiently together, they also need the right skills to be able to add significant value to the business.

“In order for their teams to function at peak levels, companies need to review their hiring and retention policies in order to attract and retain top performers, and invest in adequate compensation and ongoing training for existing finance teams.

“Aside from having the right people, businesses need in-depth insight into their market and customer base in order to get ahead of their competitors.

“The most effective way to gain this insight and leverage advanced technology is through Big Data and data analytics, and the best way businesses can utilise this is through hiring people with the right skills. It all starts with the right staff,” Morris concluded.

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Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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