A Gartner, Inc. survey of 317 CFOs and Finance leaders on March 30 revealed that 74% will move at least 5% of their previously on-site workforce to permanently remote positions post-COVID 19.
“Most CFOs recognize that technology and society has evolved to make remote work more viable for a wider variety of positions than ever before,” said Mr. Bant. “Within the finance function itself, 90% of CFOs previously reported to us that they expect minimal disruptions to their accounting close process, with almost all activities able to be executed off-site.”
As organizations continue to grapple with the ongoing business disruptions from COVID-19, permanent remote work could complement cost-cutting measures that CFOs have already taken or plan to take. In Gartner’s most recent survey, 20% of respondents indicated they have deferred on-premise technology spend, with an additional 12% planning to do so. An additional 13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months.
Gartner clients can read more in CFO Actions in Response to COVID-19: Week of 30 March 2020.
*About Gartner CFO Cohorts
In response to urgent CFO demand, Gartner Finance is holding weekly CFO cohorts as a forum for CFOs to discuss emerging COVID-19-related areas of concern and what actions they are taking or not taking. The findings in this release are from a poll of CFOs and their direct reports leading up to the second cohort, hosted Monday, March 30, which included more than 250 CFOs.
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