“Leaders of finance functions from top companies in Romania express fears of future talent shortages,” Deloitte said in its latest CFO survey, which polled finance professionals from Romania, Croatia, the Czech Republic, Hungary, Poland, Slovakia, Slovenia and Bulgaria.
The great majority of the surveyed CFOs around the region are not worried about a prospective lack of talent and do not expect talent shortages in the finance area in the upcoming year. The only exception is in Romania, where 57% of respondents expressed their concern about the issue, the survey showed.
“Responses from the Romanian CFOs when it comes to talent reflect on one hand the reality of a market marked by uncertainty, as in any other part of the world, and specificities of local gaps when it comes to human capital: flaws in the education system and also limited attention that companies pay to talent and performance management,” said Doina Patrubani, Management Consulting Director with Deloitte Romania.
According to the survey, finance managers in central Europe expect greater financial and economic uncertainty in the short term. The CFOs have reduced expectations of economic growth and estimate unemployment levels will rise further in the next year.
“CFOs remain largely risk averse and cautious for the moment,” said Pieter Wessel, Tax Partner Deloitte Romania.
However, despite general macroeconomic uncertainty, they still consider increasing company revenues, through both current and new markets and by looking out for new opportunities, Wessel added.