Wednesday, June 05, 2024

Need a CFO? Freelancing Goes Global

What once was incidental and supplemental is now routinely baked into companies’ operating model. An astonishing 72 million Americans, or about 45% of the workforce, reaped at least some of their earnings from independent contracting last year. 

Need a CFO?  The highest-profile fractionals would be C-suite-level executives, ranging from part-time, long-term CFOs to M&A specialists who pop in to help close specific deals. The category also includes anyone who receives a retainer, from a foreign correspondent to a training specialist.

A major hiring shift is transforming how businesses find and utilize talent and how that talent finds and establishes relationships with companies that need its skills. Outsourcing work to freelancers is by no means a new phenomenon, but as the figures indicate, in the past five years it has jumped to an entirely new level. 

Read, "Use of freelancers of all types, even temporary CFOs, has mushroomed in the last five years. Here’s why more employers around the world are moving away from the full-time staff model."

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