Much of the demand for contract work comes from private equity firms who want to upgrade the financial management and controls at companies they've acquired. Mid-size or smaller firms acquired in a private equity deal "may not be able to carry the freight of having that new CFO on board five days a week, at $200,000 to $500,000 a year," says Blair. Instead, they may instead choose to bring in a former Fortune 500 CFO as a one- or two-day-a-week consultant.
"We see this a lot in California, both in Silicon Valley and Southern California," Blair says. For many mid-career professionals, project assignments can open the door to a permanent position. They also demonstrate the job-seeker isn't letting his skills atrophy.
CPA Shortages Impact Work at Senior Levels [JITM]
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