Survey: Three-Fourths of CFOs See Appeal in Consulting When They Near Retirement

MENLO PARK, Calif., May 6, 2014 /PRNewswire/ -- 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, three in four (75 percent) 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 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets.

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

Very attractive

17%

Somewhat attractive

58%

Not at all attractive

23%

Don't know/no answer

2%


100%

View an infographic featuring the research findings.

"Financial professionals who are ready for a change but don't want to retire often choose consulting as their next career step," said Paul McDonald, Robert Half senior executive director. "Project work provides intellectual challenge, the opportunity to take on new types of assignments and the ability to mentor others."

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 fewer hours or at your own pace, 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 and on its blog at blog.roberthalfmr.com.

SOURCE Robert Half Management Resources



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