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Survey finds CFOs focus on building employee resilience

Wednesday 3rd April, 2019

According to research from recruitment specialist Robert Half UK, the challenges facing UK businesses in the next five years have heightened the need for employee resilience.

As businesses adapt to an ongoing period of change, more than nine in 10 (94%) CFOs think developing resilience amongst their employees will be important over the next two to five years, with 43% citing this as very important.

Nearly half (47%) of CFOs say Brexit-related transitional work is currently affecting their department. A similar proportion (51%) say digital transformation is impacting their department, as a result of automation and an increasing dependence on technology.

Additionally the survey found, regulatory changes passed in the previous 12 months, including GDPR and MiFID II continue to create considerable pressures within organisations (49%). Just 7% of CFOs say they are currently not experiencing any change within their department. 

Against this backdrop, business leaders are investing in measures to instil a sense of resilience amongst their staff, to prepare them for the transitional times that lie ahead and ensure they can adapt to any possible disruption.

A key element of this is specialist physical and mental health support, being offered by nearly half (43%) of businesses. A similar proportion are focusing on communication, transparency and honesty; providing clarity in goals and expectations (41%), offering an honest perspective (39%) and allowing for an open dialogue within the team (39%).

With one in four (25%) CFOs who say employees with a sense of resilience will be more challenging to find over the next three years - and a similar proportion who say it will be more in demand (28%) – more business leaders are recognising the importance of successfully upskilling their current employees.