How CFOs can manage a multigenerational workforce
This series consists of stories that can help guide finance leaders through challenges presented by having an unprecedented amount of multigenerational talent working together.
-
Accounting has a Gen Z problem. It’s time for new talent strategies
By Matt Wood • March 25, 2025Companies can adopt practical strategies to attract younger talent to the accounting field while also introducing ways to retain current employees. Read the full article ➔
-
More than half of millennials are ‘polyworking’
By Adam Zaki • March 19, 2025Many employees approaching the height of their careers still need multiple jobs to make ends meet, a new report indicates. Read the full article ➔
-
Generation West Virginia’s CFO on possible federal funding cuts, salary transparency and Gen Z
By Adam Zaki • March 14, 2025The nonprofit CFO details how she's planning for possible cuts to federal funding, the working demands of Gen Z and factors that make up the state's economic future. Read the full article ➔
-
47% of Gen Z think AI developers need permission to use their data
By Adam Zaki • Jan. 8, 2025New survey data from EY provides multiple examples on how Gen Z’s use of generative AI far outweighs their understanding of it, creating an opportunity for companies willing to upskill young talent. Read the full article ➔
-
Gen Z’s financial approach includes salary transparency, sports gambling and average pay
By Adam Zaki • Feb. 26, 2025A new survey about young people’s approach to finance, combined with comments from OnlyFans’ CFO and leaders in investing, suggests Gen Z’s financial philosophy is somewhat unprecedented. Read the full article ➔
-
68% of Gen Z workers would take an unwanted job for good pay: Report
By Adam Zaki • April 15, 2024Only 10% of Gen Z workers said they want more money so they can “splurge on things,” according to new data. Read the full article ➔
-
Gen Z Pivots from Accounting, Pursues Creative Freedom and Entrepreneurship
By Adam Zaki • Jan. 26, 2024“Part of our jobs as CFOs and finance leaders are secretly fascinating,” contends Yoana Land, CFO of L’Oreal Transformation. Read the full article ➔
-
Gen Z Set to Outnumber Baby Boomers in the Workforce
By Laurel Kalser • Nov. 16, 20232024 represents a pivotal moment for U.S. companies, as Gen Z workers become an increasingly important share of American business, Glassdoor predicts. Read the full article ➔
-
Forget About Labor Trends: Here’s What’s Important to Gen Z Workers
By Adam Zaki • Sept. 1, 2023As more Gen Z employees enter the workforce, CFOs and their fellow executives should know how young people evaluate the workplace. Read the full article ➔
-
Gauging Work Ethic in a Multigenerational Environment
By Adam Zaki • May 19, 2023Managing a multigenerational workforce, something that nearly all business leaders do, can be extremely challenging. Between constructing the ideal work environment, balancing the right amount of benefit offerings, and ensuring employee morale and productivity is high, CFOs and their fellow leade... Read the full article ➔
-
70% of Gen Z Employees Would Switch Jobs for Better Tech: Weekly Stat
By Adam Zaki • May 10, 2023As retirement becomes harder to achieve, older workers continue to stick around in their jobs for longer than they would’ve in the past. This has resulted in a multi-generational workforce on a large scale, arguably for the first time in U.S. history.With those who remember where they were during... Read the full article ➔
-
No Gimmicks, Just Authenticity: How To Attract Gen Z Talent
By Adam Zaki • Feb. 24, 2023Generation Z, or those born between 1997 – 2012, are much different than any other age group interacting in today’s work environment. Whether they're your children, neighbors, employees, or customers, in-person interaction with the first generation to grow up completely in twine w... Read the full article ➔
-
Claire’s Sees Gen Z Growth in IPO Pitch
By Matthew Heller • Sept. 30, 2021Three years after exiting bankruptcy, Claire’s is bringing its concept of fashion jewelry, accessories and ear piercings for the Generation Z market to Wall Street.The specialty retailer disclosed a large loss for its most recent quarter in an IPO prospectus but said it delivers “a differentiated... Read the full article ➔
-
Intuit Eyes Millennials With $7B Credit Karma Buy
By Matthew Heller • Feb. 25, 2020Intuit is buying credit score app Credit Karma for about $7.1 billion in a move to expand its financial product offerings.The acquisition, the largest ever for Intuit, will give the maker of TurboTax and QuickBooks financial software access to one of the most popular financial applications for yo... Read the full article ➔
-
Attracting Millennials to the Finance Team
By CFO Editorial Staff • April 8, 2017Finding qualified people — especially younger professionals — to staff the finance team continues to be a challenge. Here are five articles that explore new approaches to attracting, hiring and managing top finance talent.Hire ExpectationsThe shortage of young finance talent is widely discussed a... Read the full article ➔
-
Coach Bags Kate Spade in $2B Bet on Millennials
By Matthew Heller • May 8, 2017Continuing its efforts to build a multibrand luxury conglomerate, handbag maker Coach is acquiring Kate Spade, a smaller rival that appeals to millennials, for $2.4 billion.Coach’s shares rose nearly 5% on news of the deal Monday, suggesting investors welcome the idea of adding Kate Spade’s handb... Read the full article ➔
-
How Millennials Can Find Work with a Purpose in Finance
By Neil Williams • May 1, 2017Early career employees energize any organization. They help drive innovation and speed of progress through fresh perspectives and a hunger to learn. They’re technology forward and driven to quickly forge their mark in the workplace.They are, of course, well known as millennials — with their own c... Read the full article ➔
-
How to Stop Losing Your Talented Millennials
By David McCann • April 1, 2015CFOs who are exasperated with an entrenched shortage of younger finance and accounting talent feel doubly stung when good people they do have leave the organization.Often when finance staffers leave, a key reason is a lack of opportunity for growth. “Most of the finance functions we work with are... Read the full article ➔
-
Millennials Cite Stagnant Pay as Top Reason for Quitting
By Matthew Heller • May 5, 2015Minimal wage growth is the top reason why U.S. millennials quit their jobs, according to an Ernst & Young survey.Seventy-eight percent of millennials questioned as part of E&Y’s Global Generations survey cited stagnant wages as a reason for quitting, just ahead of lack of advancement oppo... Read the full article ➔
-
The Millennial Generation in Finance: Leading the Company to Another Way
By Mary Beth Findlay • Dec. 3, 2015“The new junior executives that arrive in our company are expecting things to happen much faster.” That’s according to Bruno Passos Spínola Ribeiro, Manager for Corporate Treasury / Trading Desk at the Brazilian steel producer Gerdau. Adds Bill Juram, VP-Finance for the healthcare services provid... Read the full article ➔
-
Millennials’ View of the Workplace Is Fantasy
By David McCann • April 8, 2014You have a boss, and at the same time people report to you. In fact, at the company where you work, every employee reports to a single other person.Actually, that’s the way it works in just about every company, notwithstanding a popular perception that the trend toward flatter organizations equat... Read the full article ➔
-
No Dire Straits for Boomers
By CFO Readers • Aug. 1, 2012In regard to the worry over baby boomers leaving the workforce, the institutional-knowledge challenge is being solved in many ways, and is creating less turmoil than projected by many business analysts (“When the Boomers Go,” June). Many people age 50 and over are staying on because they need, or... Read the full article ➔
-
When the Boomers Go
By Russ Banham • June 15, 2012Thanks to its sheer size, the baby-boom generation has had an enormous impact on society and the economy at every stage of its development. The present time is no exception, as Americans born between 1946 and 1964, currently accounting for one-third of the workforce, begin to enter their golden y... Read the full article ➔
-
Baby Boomer Brain Drain Looms
By David McCann • May 7, 2008Companies may be having a hard time finding qualified young people to fill their junior accounting and finance positions, but that’s nothing compared to the struggles they’ll likely be facing in the next few years at the other end of the age spectrum.The long-dreaded era of Baby Boomer retirement... Read the full article ➔