Aaron Rouza, co-head of the Finance practice, was quoted in the Wall Street Journal about the increasing competition for the deputy executives that support company CFOs. Treasurers, heads of accounting, controllers, vice presidents of finance, and other second-in-commands in company finance departments are earning more now and getting responsibilities to match, because of the high demand for this deputy-level talent.

Their value is up because, in recent years, they are taking more of a leadership role in company finance departments, while some CFOs are starting to take on more strategic and operational duties. That shift in focus can increase the need for a top-tier accounting executive at the CFO’s side.

Companies are aware that recruiters are contacting their No. 2’s and are trying various measures to entice them to stay, including: one-time bonuses, flexible or remote work options, or guaranteed cash bonuses.

“They put together a retention grant that’s going to make it very expensive to leave,” said Rouza.

Read the full story: https://www.wsj.com/articles/cfos-right-hand-executives-earn-bigger-paychecks-as-companies-compete-for-talent-11662379205