In a recent survey of chief financial officers (CFOs) in Tampa Bay, most acknowledged that they spend more time on issues related to cost containment and identifying appropriate financing options. 28 percent of area CFOs surveyed reported cost containment as the most pressing issue, while 26 percent reported financing options to be the top priority. 20 percent of CFOs said they were dealing with more IT issues and solutions, while eight percent reported hiring qualified personnel as a key concern.
The survey consisted of 50 CFOs in the Tampa Bay area who were randomly selected from a list of companies with revenues in excess of $10 million. The survey was developed by Taylor White, an executive recruiting firm that specializes in the placement of accounting and finance professionals on a permanent or consulting basis. Taylor White has commissioned similar surveys for area CFOs since September 2001.
"With a sluggish local economy, an effort to reduce costs as much as possible still remains a top priority," said Jim Bassil, partner in the Taylor White firm.
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