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59% of US CFOs are hired from within
59% of US CFOs are hired from within

Yahoo

time6 days ago

  • Business
  • Yahoo

59% of US CFOs are hired from within

This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. For many CFOs and others who are ready to assume the role, scoping out career opportunities is rarely far from mind. As such, they may benefit from keeping fresh on some basic facts about the executive hiring landscape. For example, last year, a majority (59%) of open seats for finance chiefs in the United States were filled internally. That's according to executive search and finance consulting firm Eton Bridge Partners, which analyzed 6,400 CFO hires in the 10 countries with the greatest volume of appointments. Many were promotions from finance vice president positions. The internal vs. external breakdown was similar in several other countries, although external hires predominated in China (55%) and Sweden (59%). It's not necessarily a young person's game, with the average age of U.S. appointees at 51 in 2024, with 'opportunities peaking in the mid-50s,' Eton Bridge wrote in its survey report. The lowest average age was in China (46) the highest was in Japan (58). On the other hand, a healthy proportion (29%) of the hired finance chiefs took on the title for the first time, so while boards at U.S. companies tend to prefer seasoned financial leadership, opportunities for newcomers do exist. Despite ongoing diversity efforts, women accounted for only 20% of U.S. CFO appointments, which the report noted was slightly below benchmarks at large public companies. Major indices for such enterprises place the percentage around 25%, Eton Bridge said. China and Sweden had the highest percentage of female CFOs, with 30% and 28%, respectively. The lowest were in Japan (4%) and India (9%). An overwhelming majority of those hired stayed within the same sector where they had previously worked. That reversed the trend seen in 2023, when there were higher levels of sector mobility. In the United States, the 2024 proportion was 90%. 'The U.S. CFO landscape reflects a mature market where private equity influence, regulatory complexity and sector-specific growth in health care and technology demand deeply experienced, sector-literate financial leaders,' Eton Bridge wrote. On a global basis, private equity-backed companies continued to be a 'major driver' of CFO hiring in certain markets, especially the U.S., U.K., China, Germany and Switzerland, the report noted. But that was not the norm in other markets, such as Canada and Australia, where there were relatively few CFO moves in PE-backed settings. Based on the current developing patterns, Eton Bridge pointed to three themes it expects to shape the CFO employment market over the next year. Strategic stretch in the CFO remit. As the line between CFO and COO continues to blur, 'finance leaders who can own operational transformation, digital agendas, or even people-related functions will be in high demand.' A return to movement. Citing a reopening of private equity pipelines, Eton Bridge predicted there will be an uptick in CFO transitions this year, especially in Europe. Progress, but not parity, on diversity. 'We expect continued board-level focus on improving female representation at the CFO level, but delivery experience will still be the decisive factor. Recommended Reading Small Business Optimism Declines to 89.0 in April

AUCC's 3rd Year of Spike Lee Fellows Announced
AUCC's 3rd Year of Spike Lee Fellows Announced

Yahoo

time23-07-2025

  • Entertainment
  • Yahoo

AUCC's 3rd Year of Spike Lee Fellows Announced

ATLANTA, July 22, 2025 /PRNewswire/ -- The Atlanta University Center Consortium (AUCC) joins Oscar-winning director Spike Lee and The Gersh Agency in announcing Season Three for the Spike Fellows at Gersh program. The program is dedicated to transforming the entertainment industry landscape by creating equitable job opportunities and access for talented students from Clark Atlanta University, Morehouse College, and Spelman College. This year's fellows are Anwar Karim – Morehouse College, Denver Edmonds – Spelman College and Miya Scaggs – Spelman College. The program nurtures creative undergraduates with interests in the entertainment industry from the AUCC, allowing students to be placed in New York or Los Angeles to complete a fellowship working with industry experts. Fellows were selected based on a list of criteria including grade point average, leadership, school involvement, creative work, and professional recommendations. Students participate in the eight-week immersive paid learning experience consisting of an agency-wide departmental rotation to include senior-level industry mentoring, curated off-site learning moments, and volunteer service projects. Since its creation, the program has gainfully employed 100 percent of students who have participated in entertainment industry careers with Gersh, Netflix, Warner Brothers, and Range Media to name a few and inspired one fellow to attend graduate school at the University of Southern California and major in Film. Students have also had the opportunity to be a part of a multi-year partnership with Ralph Lauren furnishing business attire and the chance to network at the inaugural Young Black Hollywood Mixer, gracing the red carpet and earning Deadline's Best Red Carpet and Party Photos of 2024. "The Spike Fellows Program continues to provide an invaluable experience and mentorship for our students who desire impact in the entertainment industry, both in front and behind the camera," said Dr. Michael Hodge, Executive Director of the AUCC. "Each year, we see a new set of students immersed in the industry, becoming working professionals and aspiring entertainment leaders." About the AUCC The Atlanta University Center Consortium, a 501 (c)(3) non-profit corporation under the laws of the State of Georgia, formed in 1929 to operate on behalf of its member institutions–Clark Atlanta University, Morehouse College, Morehouse School of Medicine, and Spelman College—is the world's oldest and largest association of historically Black colleges and universities. The Consortium is a vibrant intellectual community with a long tradition of scholarship, service, and community engagement. CONTACT: Teresa D. Southern, tsouthern@ 1-478-320-7753. View original content to download multimedia: SOURCE Atlanta University Center Consortium

Emirates Group launches massive talent drive to recruit over 17,000
Emirates Group launches massive talent drive to recruit over 17,000

Zawya

time22-07-2025

  • Business
  • Zawya

Emirates Group launches massive talent drive to recruit over 17,000

DUBAI - The Emirates Group has kickstarted a global talent scouting and acquisition drive, revving up this phase of its growth. This financial year, the aviation powerhouse is looking to onboard 17,300 people across 350 roles. These roles span every facet, function and operations across Emirates and dnata, a leading global air and travel services provider. Hundreds of new recruits are required across some roles, including cabin crew, pilots, engineers, commercial and sales teams, customer service, ground handling, catering, IT, HR and finance. dnata is looking to hire more than 4,000 cargo, catering and ground handling specialists. H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline & Group, said, 'The Emirates Group's people strategy is anchored in Dubai's Economic Agenda D33 and our own projected growth and expansion. We're seeking world-class talent to fuel our bold ambition, redefine the future of aviation, and continue our commitment and culture of innovation and excellence. This is an opportunity for skilled and talented professionals to play a stellar role in our future, our strategy, and our growth story.' Throughout the year, the Group will be hosting more than 2,100 open days and other talent acquisition events in 150 cities to recruit the best pilots, IT professionals, engineers, and talent for cabin crew roles. This also includes Dubai-based events to engage UAE national students and graduates. Since 2022, the Group has onboarded more than 41,000 talented professionals, including nearly 27,000 in various operational roles, and today has a 121,000-strong workforce. The Group has always been a top talent magnet and an employer of choice both in the UAE and globally. In the last financial year, the Group received more than 3.7 million applications for roles spanning all its brands and departments, with candidates attracted by its brand power; global reputation; people-first strategy; tax-free salary and top-notch benefits; and its renowned training, development, and recognition programmes. Talented professionals around the world are drawn to Dubai for any number of reasons – safety, security, economic opportunity, tech-centric ecosystems, future-thinking policies, and for being a vibrant, lifestyle destination.

5 Lucrative, AI-Enhanced Side Hustles You Can Start This Weekend
5 Lucrative, AI-Enhanced Side Hustles You Can Start This Weekend

Forbes

time17-07-2025

  • Business
  • Forbes

5 Lucrative, AI-Enhanced Side Hustles You Can Start This Weekend

AI-enhanced side hustles are becoming more popular as workers find the AI they feared is helping ... More them build lucrative careers. As AI accelerates and layoffs skyrocket, American workers worry about losing their jobs. But there's an irony to the dramatic workplace shift. The workforce is starting to find that as one door closes another opens. The AI they feared stealing their jobs is creating new AI-powered career opportunities that didn't exist a year ago. This escalation is helping the 40% of U.S. adults building AI-enhanced side hustles to scale their efforts and boost income. 5 AI-Enhanced Side Hustles You Can Start This Weekend Side hustles are becoming the new hot ticket for American workers to earn extra cash and job security from threats of layoffs. Nearly half of American workers are using secondary income sources, and the numbers continue to rise, as 71% of the workforce searches for gig jobs. If you're worried about economic certainty and job stability and want to build a career with the economic freedom to call your own shots, side hustles offer those advantages, and AI is enhancing profitability. Gen Z has used AI to raise the bar for side hustles to the equivalent of career startups. And now, technology is empowering others to build micro-businesses with minimal investment and maximum efficiency. I spoke with Andy Kurtizig, CEO of He told me that Gen Z is using AI to become 'solopreneurs'--a generational pivot in real time. "Gen Z is taking the same tools corporations use to eliminate jobs and flipping the script to create opportunities for themselves,' Kurtzig explains. 'They're using AI to re-imagine career paths, build brands and monetize skills that traditional workplaces often overlook. What used to take funding, mentorship and institutional access, they're now doing with a laptop and a chatbot.' According to Daniel French, business advisor and Businessmagnet digital media expert, you can become a solopreneur in a short amount of time, too. French told me that people are now treating their hustles as micro-enterprises rather than casual gigs. 'In 2025, side hustles have transformed into essential income engines, and AI is accelerating the change," he says. "ChatGPT empowers hustlers to launch ideas, market them and automate mundane tasks in record time, without needing fancy tech skills or consultants." French reveals five profitable side hustles you can quickly build with ChatGPT and similar tools, and you can get started right away: French says you can generate descriptions and marketing assets, a low-overhead, passive income model that has only gotten better. 'AI can help brainstorm, design and even help create digital products which you can sell all over the internet. The only bits you need to nail are the niche you are targeting and the problem you are solving. You can even create these assets for businesses and charge them a one-time fee." French says another way you can use your digital content creation skills is by helping businesses with their digital marketing. 'Many businesses, especially local smaller businesses, pay a flat fee for a number of blog posts or social media posts per month which you can create in one afternoon of work and a couple of AI tools.' With the rise of Faceless YouTube Channels, he mentions that you can help businesses create AI video with voice over that's completely automated and help them generate leads from places like TikTok or Instagram, which otherwise they'd have to spend a lot of time or money to get videos uploaded to there. Another digital marketing idea he poses is creating a range of website templates. French suggests that you can easily customize and then sell them to any up-and-coming businesses or creators. 'Many people think web development is a huge hurdle, and you can capitalize on that by making it super easy for them to be online in a matter of hours.' French explains that educators and professors are already using AI to script sessions, write bios or generate learning materials. 'If you have a teachable skill you can use AI to help cut down your research time, and then all you'd need to do is to double check the information and fill in some small gaps,' he states. He advises that you not underestimate what you can teach as people are searching for all types of courses, adding you can probably sell courses on everything from creating high-protein lunches to writing your first book. One way to find out is a quick check on Google to give you a good indication of what people are searching. If you are a pro at using AI and creating workflows, French says that businesses will pay you a lot of money to do the same for them. You can sell these as a one time setup fee or work with businesses on an hourly basis to help them implement AI into their workflow and build a whole agency around that skill alone. So how do you choose the right side hustle? French recommends using AI to align your side gig with your ideas. French explains the boom of side hustles is fueled by economic pressure, remote work flexibility and pushback against burnout. But he cautions that AI is an amplifier, not a substitute, for smart planning. He offers five pieces of advice to streamline your micro-enterprise: 1. Track your income with apps like QuickBooks Self-Employed or Wave. 2. Know the IRS rules, for example, over $400 from self-employment must be reported. 3. Be sure to separate finances, adding that business accounts like Lili or Novo keep things clean. 4. Protect your time by setting clear boundaries to prevent burnout. 5. Check your contract and avoid moonlighting conflicts with your employer. 'U.S. hustlers must stay tax-smart, recognize risk (like self-employment thresholds) and maintain strategic focus,' French points out. "My clients who succeed are those who start lean, track meticulously and scale responsibly, balancing creativity with compliance. Even a few hours per week can yield $800–$1,200 monthly if systems are in place. Hustle smarter, not harder.' Side hustles are no longer casual pastimes. For many workers, they have become a necessity to make ends meet and an insurance policy in case their jobs unexpectedly end. AI-enhanced side hustles have shifted gig jobs from mom-and-pop level jobs to big-time enterprises. And if you have nothing better to do, experts insist that you can get started this weekend.

Why LinkedIn says job seekers should look to Nashville, other mid-size cities
Why LinkedIn says job seekers should look to Nashville, other mid-size cities

Yahoo

time17-07-2025

  • Business
  • Yahoo

Why LinkedIn says job seekers should look to Nashville, other mid-size cities

For job seekers and switchers, 2025 is shaping up to be the year to watch. That's according to a new ranking of "Cities on the Rise" by LinkedIn, which dubbed Nashville one of the top 10 emerging cities for job creation and economic momentum. "The idea is to highlight emerging cities where professionals are finding opportunity and affordability, which I think is important in the changing labor market," said LinkedIn Senior Managing News Editor for Jobs and Career Development Andrew Seaman. Data from the report shows nearly three in five people globally plan to look for a new job this year, but Seaman said competition is fierce. The number of applications submitted on LinkedIn has surged more than 45% in the past year, with an average of 11,000 job applications per minute. Nashville is one of those cities with a confluence of job creation, career opportunities, interest from job seekers and hot competition in the labor market. It ranks No. 9 on LinkedIn's list. The city's labor market has benefitted from corporate expansions and headquarters relocations, including Oracle's high-profile headquarters, which is expected to add more than 8,000 jobs. Grand Rapids, Michigan took the top spot on the list among several other small and midsize cities like Boise, Idaho (No. 2), Harrisburg, Pennsylvania (No. 3) and Albany, New York (No. 4). Seaman said these smaller cities are gaining favor for both job seekers and employers because they have some momentum and a lot of room to grow. It's a trend that has picked up speed following labor market changes in the wake of the Covid-19 pandemic. "Thinking back to the pandemic, I think people felt less wedded to a location," Seaman said. "It got them thinking, 'OK, I don't have to do this job here.' So I think the pandemic sort of shook people loose." Now, nearly half of U.S. workers live a significant distance from the city they grew up, with many people citing career growth as a motivating factor in this choice. Overall, workers are more willing than in the past to move from place to place to progress in their career, and smaller and mid-size cities with job growth have benefitted from that. LinkedIn Top 10 "Cities on the Rise" Grand Rapids, Michigan Boise, Idaho Harrisburg, Pennsylvania Albany, New York Milwaukee, Wisconsin Portland, Maine Myrtle Beach, South Carolina Hartford, Connecticut Nashville, Tennessee Omaha, Nebraska This article originally appeared on Nashville Tennessean: Nashville ranks highly for 2025 job seekers, switchers, LinkedIn says Solve the daily Crossword

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