The New Labor Model for Finance How Leading

The New Labor Model for Finance How Leading CFOs Are Sourcing Talent in the Digital Age Jay Thompson Managing Director Protiviti © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Agenda • • 2 Change in the finance function New demands for finance leaders Rethinking the traditional labor model The shamrock organization The flexible workforce Evolving to the new labor model CFOs’ wants and needs © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Changing Times § Business Roundtable, August 19, 2019 “Statement on the Purpose of a Corporation. ” Citing the free-market system as “the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all. ” “… a fundamental commitment” to deliver value to all of their companies’ respective stakeholders. ” § World Economic Forum, 2018 “By 2022, today’s newly emerging occupations are set to grow from 16% to 27% of the employee base of large firms globally, while job roles currently affected by technological obsolescence are set to decrease from 31% to 21%. In purely quantitative terms, 75 million current job roles may be displaced by the shift in the division of labor between humans, machines and algorithms, while 133 million new job roles may emerge at the same time. ” 3 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Change in the Finance Function § § 4 Company growth Mergers and acquisitions New technologies and digital transformation Regulatory reform © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Disruptive Change: The New Normal? © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

New Demands for Finance Leaders § Skills for the digital age § The need for team flexibility § The ability to scale quickly All require a flexible workforce 6 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Bad Timing: A Talent Shortage 91% of finance leaders report challenges finding skilled candidates for professionallevel positions today Source: Robert Half survey of more than 2, 000 finance leaders 7 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Rethinking the Traditional Labor Model Past Work done by consultants Work done by contractual fringe Work done by technology Future Work done by consultants Work done by human cloud Work done by contractual fringe Work done by technology Work done by core staff © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The Shamrock Organization The Professional Core • • • Contractual Fringe • • • Individuals and organizations Paid for results, not time Can only exercise control by specifying results Flexible Labor Force • • • Source: The Age of Unreason, by Charles Handy, 1989 9 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners. In-demand skills Identity and purpose from their work Work long and hard but expect rewards External specialists Not looking for long-term career or promotion with the company Interim or part-time work often a choice

The New Labor Model: The Flexible Workforce Employees Interim Staffing Outsourcing Robotics & AI Consulting Offshoring Human Cloud Rural-sourcing ERP/Workflow BPaa. S Managed Services 10 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model: Key Advantages § § § 11 Access specialized expertise Support key initiatives Scale project teams quickly Alleviate the burden on full-time staff Free full-time employees for strategic projects Overcome hiring challenges © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model: The Flexible Workforce § The human cloud § Remote work and work-life balance § Outsourcing § Managed Services 12 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model: The Flexible Workforce § Case studies 13 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

Rethinking the Traditional Labor Model Past Work done by consultants Work done by contractual fringe Work done by technology Future Work done by consultants Work done by human cloud Work done by contractual fringe Work done by technology Work done by core staff © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

CFOs’ Wants and Needs: New Skills Demands Top skills needed due to digitalization 1. Communication 2. ERP 3. Data analytics 4. Creativity 5. Cloud systems Source: Benchmarking Accounting and Finance Functions: 2018 15 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

CFOs’ Wants and Needs: New Talent Management Strategies § § § 16 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners. Distinguish full-time vs. project needs Build work relationships with external providers Differentiate must-haves vs. nice-to-haves Promote flexibility Invest in professional development

Top 5 Takeaways 1. Define your “shamrock” organization 2. Embrace change — it’s constant 3. Customize your new labor model 4. Stay current (always) 5. Act fast 17 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model for Finance in the Digital Age Contact us for a copy of Robert Half and Protiviti’s whitepaper. 18 © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model for Finance How Leading CFOs Are Sourcing Talent in the Digital Age Q&A © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.

The New Labor Model for Finance How Leading CFOs Are Sourcing Talent in the Digital Age © 2018 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. All registered trademarks are the property of their respective owners.