Want to keep your financial manager? A new study indicates that senior accounting officials

For example, financial manager The salary increases It remains fixed in public companies: In 2024, the increase in the medium -salary for financial managers was 4 %, while executive chiefs did not see any increase, identical to the trends from 2023, according to compensation consulting partners. In 2022, the basic salary increases were 3.8 % for financial managers and 2.9 % for executives.

However, a study entitled “Delegation and keeping the financial managerEvidence from senior accounting employees in the executive team indicates that the work burden – especially related to accountability – is also a driver of the rotation of the financial manager, indicating that companies must look beyond the wage to attract and keep the finance heads. The study was conducted by researchers from the University of Arizona, North Florida University, and Iowa University.

The researchers specifically focused on the delegation of accounting. They argue that, unlike other responsibilities that the financial manager, such as digital security or risk management, the accounting remains an important important for all financial managers of the public company in view of its condition to ratify the financial statements.

The study studied data from American public companies between 2004 and 2019, with a focus on cases where the financial manager delegated accounting duties for the chief accountant of accounting (CAO) or the observer who was recognized as an executive official.

The main result: companies delegated by the financial manager to hold accounting accounting responsibilities at least 18 % in leaving the financial manager. The delegation of accounting allows the financial manager to perpetuate more time for higher -level priorities such as companies strategy, digital transformation and human resources. In contrast, the financial manager who runs both detailed accounting and the broader strategic duties is likely to suffer and leave their roles.

This research is in line with the trend of the emerging CAO role as a high and strategic leadership position. More companies today are looking for Caos who are not technical accountants experts but also the main business partners and infrastructure builders, according to Spencer Stewart. With the development of the role of the financial manager, the accounting leaders are increasingly assuming expanded responsibilities, including tax and operational improvements throughout the work.

In general, the study “mandate and retaining the financial manager” indicates the value of the authorization – not only to retain the financial manager, as well as to build the depth of driving and enhance companies over time. And I think artificial intelligence is also ready to help share this work burden.

Sherrill Istra
Sheryl.strada@fortune.com

Leaders

Kevin d. Cook Financial Director has been appointed Bumble Inc. (NASDAQ: BMBL), actually on August 12. Cook Ronald C. Fior, who descends from his role as a temporary financial manager and will work in a consultative role at the end of August. Cook brings more than 30 years of experience in the field of financial management to Bumble, after he recently served as a financial manager in Cloudra, Inc. It has also played roles as SVP Finance, Corporation Development and Investors Relations in Cloudra and VP Strategic Finance, Companies and Business Development in BarraCuda Networks, Inc.

Jeff Bowid Financial Director has been appointed New Charter TechnologiesPalo Alto Parto Partners. Boyd joins a new charter with more than 25 years experience. Boyd has played roles for the financial manager since 1999. He has spent 15 years working with a team of executives in two projects traveling from growth, as he first operated a telecommunications company to a successful exit, after which he helps lead in the transformation and transformation voltage in Aveniv (formerly Securus).

A big deal

President Donald Trump’s sweeping New tariff I entered into force at 12:01 am on Thursday. Policies impose fees from 10 % to 41 % on imports from about 70 countries. “It is midnight; billions of dollars flow from the definitions now to the United States of America,” Trump’s publication Before midnight on the social media platform.

On Wednesday, Trump signed Executive order To put an additional 25 % tariff on India to buy it from Russian oil, which brings the joint The definitions imposed by the United States on its ally to 50 %.

deepen

Delta Air Lines has a long -term strategy to increase profitability by moving away from prices and moving towards that Individual pricing is supported by artificial intelligence. The airline is experimenting with this approach, currently uses 3 % prices to determine prices.

While the dynamic pricing – modified prices on the basis of changing demand – is not new, the Wharton Z. John Zhang Marketing Professor indicated in a recent episode of Wharton This week at work Podcast The possibility of a higher import tariff can transform the morale of the consumer. This environment makes it easy for companies to implement dynamic prices and raise prices.

Hearing

“Our career roles are dismantled, because some tasks may be seized by artificial intelligence and others may be new, so the meaning, or job function, change. You may need less than the role, but this person will take another function.”

Eva Celino, a professor of work psychology at Luburu Business College, told luck In an interview Regarding artificial intelligence and the future of work.