Workforce dynamics are changing access to talent
Finance teams are being asked to do more.
In many organizations, the function now plays a larger role in forecasting, planning and supporting business strategy. That work requires a different mix of skills and often more experienced professionals.
At the same time, access to that talent is becoming more limited.
Experienced professionals continue to exit the workforce, and the pipeline behind them is not keeping pace with that experience. By 2030, every Baby Boomer will be over age 65, and roughly 10,000 workers are reaching retirement age each day. Unemployment for finance roles remains low, which further narrows the pool.
The market reflects current workforce dynamics: demand is steady, but available talent is constrained. This is not a volume issue. It is about quality and fit. Finding candidates is no longer the problem. Finding people who can deliver is.
“The goal is not to replace ‘skill for skill’ but to think about where the company is going and hire for the behaviors, learning capacity and complementary skills that raise the performance of the entire team,” said Bryan Lapidus, FPAC, Director of FP&A Practice, Association for Financial Professionals.
When the talent gap is not addressed early, the impact shows up in day-to-day operations. Teams take on more work, timelines become harder to manage and the quality of output can start to suffer.
When hiring misses the mark, the impact shows up across the finance team, in the strength of the talent and the depth of the bench.
How finance leaders are adjusting hiring strategies and talent pipelines
Across the discussion, leaders seeing the most progress were not doing entirely new things. They were applying familiar strategies earlier and with more discipline.
The difference is not what leaders are doing. It is how early they are doing it.
Finance leaders are:
Defining roles based on current business needs
Aligning compensation with market expectations
Offering flexibility in how work gets done
Moving more quickly through the hiring process to hire top talent
Building stronger talent pipelines in advance of open roles
What stands out is the timing. The most effective teams are not reacting to gaps. They are planning ahead of them and refining their hiring strategies to stay competitive.
“Candidates at all levels are looking for a workplace, not a task list. Employers need to define their value proposition by highlighting the company’s purpose and the role’s potential for impact, alongside opportunities for collaboration, professional growth and modern tools to get the job done,” said Lapidus.