2023 is nearly here, and one concern looms large in the minds of CEOs: the workforce. According to an annual survey conducted by Gartner, workforce concerns are among the top 10 priorities for CEOs in the new year. More than 30% of CEOs surveyed stated that the workforce was one of the top strategic business priority areas for 2023.
As your company gears up for the year to come, you may be concerned about attracting and retaining talent and managing the “new normal,” such as a hybrid or remote workforce. New Direction Capital’s virtual CFOs work directly with CEOs to help them tackle common workforce challenges.
Hiring top talent is a crucial part of growing your company. But many CEOs aren’t exactly sure how to go about finding the best talent and how to convince that talent to work with their companies.
If you plan on growing your business in the year to come, a vCFO can work with you to help you develop a strategic plan that includes planning for new hires. Our vCFOs can help you determine the skills you need to hire for and how to find candidates with those skills. We’ll also work with you to help you decide the type of compensation package that will make the most qualified and talented applicants come to you.
Once you’ve found the best talent, the next challenge is convincing them to stay with your company. Talent retention is essential for ongoing productivity, continued employee engagement and overall employee morale.
What can you do to keep the best of the best on your team? A vCFO can help you decide which methods are the most effective for retaining employees and keeping morale strong at your company.
Hybrid and Remote Work
Today’s employees expect or, in some cases, demand the option of working remotely. The new normal of hybrid or fully remote employees has many CEOs concerned. You may worry that working remotely will cause productivity to dip or negatively affect company culture.
But without a remote work or hybrid policy, you risk alienating some of the best candidates or having your most talented employees leave for positions that do allow remote work.
A vCFO partners with you to help you navigate the new normal, creating a hybrid or remote work policy that meets your company’s needs while keeping your employees happy.
New Direction Capital aims to build relationships with CEOs, to help make their companies the best they can be. If you’re worried about what 2023 has in store for your team, contact us today to learn more about what a vCFO can do for you and how we can help your company grow and thrive.