Second Acts

Survey: Two-Thirds of CFOs See Appeal in Consulting When They Near Retirement

TORONTO, May 6, 2014 /CNW/ - For chief financial officers (CFOs) who may not be ready to stop working upon retirement, consulting is an enticing option, according to a recent survey from Robert Half Management Resources. Among financial executives interviewed, two-thirds (68 per cent) said they find the prospect of consulting somewhat or very attractive.

The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level finance, accounting and business systems professionals on a project and interim basis. It was conducted by an independent research firm and is based on interviews with more than 270 CFOs from a random sample of Canadian companies.

CFOs were asked, "How attractive would you find the prospect of consulting when you approach retirement?" Their responses:

Very attractive	27%
Somewhat attractive	41%
Not at all attractive	31%
Don't know/no answer	1%
	100%

"Consulting is often a natural next career step for financial professionals who are looking for a change but are not yet ready for retirement," said David King, Canadian president of Robert Half Management Resources. "Project work can provide intellectual challenge, variety and the opportunity to mentor others, all within a framework that is often different than the traditional structure of full-time employment."

For those deciding whether to transition to project consulting, here are four questions to consider before making the move:

1. What do you hope to accomplish through consulting? You may be looking to work with a more flexible schedule, or to bring in supplemental income once you leave your full-time job. Whatever the reason, have a plan before you begin consulting to ensure you are on track to reach your goals.
2. What expertise can you provide? If you can serve a niche in your field, you'll be in demand as a consultant. Think about a particular skill set or area of expertise you have trouble filling on your own team. The more marketable your skills are, the greater your opportunities.
3. How much do you want to promote yourself? If you'd rather focus your time on consulting versus self-marketing, consider partnering with a staffing firm that can help locate consulting gigs for you. A staffing firm also can take care of logistics - such as billing and taxes - on your behalf.
4. Do you thrive in new environments? If you would happily trade the predictability of a full-time job for the variety and flexibility of project-based work, an encore career as a consultant may be right up your alley.

About Robert Half Management Resources

Robert Half Management Resources is the premier provider of senior-level finance, accounting and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 150 locations worldwide and offers assistance to hiring managers and consultants at roberthalfmr.com on its blog at blog.roberthalfmr.com. Follow Robert Half Management Resources at twitter.com/roberthalf_CAN.

 

 

Image with caption: "Robert Half Management Resources Survey: Two-Thirds of CFOs See Appeal in Consulting When They Near Retirement (CNW Group/Robert Half Management Resources)". Image available at: http://photos.newswire.ca/images/download/20140506_C6784_PHOTO_EN_40010.jpg

SOURCE: Robert Half Management Resources

Naz Araghian
416.350.2330 ext. 62132
[email protected]