While some may have visions of sugar plums dancing in their heads, those visions have perhaps been disrupted a bit by this week’s move on the part of the Federal Reserve to raise interest rates for the first time in seven years. The rate hike historically indicates a strong economy and should have some positive impacts for businesses—particularly those with pension obligations and institutional investments. At the same time, however, a strong economy also translates into the addition of more jobs and the subsequent wage pressures that come with those jobs. As a result, strategic workforce planning must come into play and analytics will be the key to helping businesses tie workforce funding to higher-level corporate missions. As their roles continue to expand into functions beyond the finance team, CFOs will likely be called upon to lead the charge for these types of activities. What does it take to be a new-age, data-driven CFO, and how can CFOs glean insights from rising mountains of data? Our articles this week touch on these topics and more.
The Fed Has Raised Interest Rates—Now What?
What does the rise in interest rates mean for your business? There is a bright side for those with pension obligations and holdings in institutional funds. Longer-term, though, a stronger economy likely translates into wage pressures. (via Wall Street Journal)
The Role of Analytics in Workforce Decisions
As organizations struggle to determine how to do more with less, workforce funding takes center stage. Rather than rely on qualitative input, analytics can provide the holistic, transparent view needed to connect the workforce funding structure to specific programs and mission outcomes. (via Wall Street Journal)
The Renaissance CFO
The CFO’s sphere of influence extends beyond the finance team, and these individuals have the potential to become the key leaders in their organizations. CEOs recently shared their views on where they see CFOs having the largest business impact, and the skills these powerful individuals will need in their new strategic roles. (via Forbes)
Why (and How) You Should Be a Data-Driven CFO?
As CFOs struggle to manage rising amounts of data, they are also being called upon to provide strategic insights into their businesses. A recent interview with Adaptive Insights CEO Tom Bogan discusses how CFOs can address the challenge of big data and transform their roles within the organization. (via Forbes)
What do you like to read as a modern finance leader? Tweet your top picks to @AdaptiveInsight, and read next Friday’s edition to see if your story made our list of CFO Must-Reads!