Digital talent in the finance function is in high demand and hard to retain, so CFOs must build a strong sense of belonging for these associates or risk losing them, says Gartner.
“Finance functions can ill-afford high rates of attrition in their digital talent, especially while many are on a journey towards autonomous finance,” says Marco Steecker, director, research in the Gartner Finance practice. “Understanding that digital talent has different motivators will help finance leaders to reduce churn.”
“Finance leaders who try to build a sense of empowerment for their digital talent tend to offer things such as increased managerial support and greater freedom to execute on digital projects and new initiatives,” says Steecker. “This does reduce the frustrations experienced by digital talent, but it can also create a sense of alienation from the rest of the finance department.”
To help finance leaders with this, Gartner experts have identified three key principles that strengthen digital finance talent’s sense of belonging:
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