CFOs are prioritizing employee compensation, with 71% planning to increase it in 2024 above the inflation rate. Employee compensation is the second most important area, with 82% of CFOs planning an increase in 2024, although most are planning to give 4% to 9% increases, which is a decrease from last year.

Evaluating finance function strategy, scope and design is the top priority for CFOs in 2023, according to a survey by Gartner, Inc. A survey of 157 CFOs in November 2022 ranked the top 10 priorities for CFOs for this year, and 90% of respondents selected evaluating finance strategy, scope and design as the top priority, followed by planning and sequencing finance transformation activities.

The wave of protests against systemic racism in 2020 prompted leadership teams across the country to increase engagement with businesses owned by Black people, women and other underrepresented groups. A growing number of executives are confirming that not only is diversifying their supplier base a good move for society, but also improves business performance.