. “An already-wide digital skills gap between management and their reports will increase in coming years if unaddressed, and digital-laggard CFOs will increasingly struggle to manage staff who are delivering their digital initiatives.”function is driven in part by the changing nature of finance staff.
Even in today’s finance function, 18% of finance staff demonstrate digital competency, compared with just 11% of their managers. As demand grows for tech skills, and traditional accounting backgrounds wane, this knowledge gap will also grow unless senior management, including CFOs, step up their digital education efforts.significantly impact the success of those programs compared to those who take a passive role,” said Steecker.
Steecker recommends CFOs prepare themselves and their senior finance managers for increasing demands of digital literacy through the following steps:Establish and participate in wider organizational digital upskilling efforts, along with upskilling designed specifically for the finance function.“The most successful digital upskilling programs we see are the ones where the CFO is personally visible and involved in the coursework,” said Steecker.
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