Finance Staffing Ratio
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Finance Staffing Ratio. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Finance Staffing Ratio?
The number of company-wide employees divided by the total number of Finance Department employees working for the company at the same point in time. Finance employees typically include any staff working under the CFO within functions such as accounts payable, accounts receivable, accounting, financial reporting, treasury, tax, and budgeting/forecasting.
Why should Finance Staffing Ratio be measured?
Finance Staffing Ratio (i.e., total employees per finance employee) measures staffing levels within the Finance Department relative to the total headcount of the organization. Finance Department headcount should be relatively low as compared to other revenue-generating functions or lines of business, particularly in industries such as heavy manufacturing and consumer packaged goods, where day-to-day operations are more focused on producing and managing tangible assets. On the other end of that spectrum, investment banks, large insurance firms and commercial banks typically require more finance employees to support the day-to-day operations of the business (i.e., treasury management, international tax management, regulatory reporting, etc.). In any case, relatively high finance costs may be related to highly manual (i.e., error prone) accounting processes, a large amount of low-value work (e.g., excessive report generation, error correction, etc.), overstaffing and/or general inefficiencies within finance processes (e.g., financial close and reporting, account reconciliations, general ledger management, etc.).
Download a Sample Finance Staffing Ratio
Frequently Asked Questions
Q: How do you collect and validate your data?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.
Q: How much information will my Benchmarking Report contain?
A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.
Q: How often do you update your reports?
A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.
Q: Your download-able reports look great. But I need something custom. Can you help?
A: Heck yes. Our crack research teams just love custom assignments, and would be delighted to perform targeted research tailored to your specific requirements. Find out just how fast and affordable this is: Email us (email@example.com) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.