Where to find overseas staff

February 25, 2023

by a searcher in Chicago, IL, USA

Hi Searchers! My partner and I have an industrial wholesaling company and we are looking to bring on a CFO. We are considering using overseas talent in order to save on salary. I'm wondering if anyone knows of good websites to visit? And has anyone had experience hiring from overseas? If so, please share your tips.

Thank you

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Reply by a professional
from Seton Hall University in Morristown, NJ 07960, USA

Hi - responding to your post. Over the past several years, I have been operating under either a fractional CFO or interim CFO capacity. And I see posts like yours all the time. I am sympathetic to the need for cost containment. But my suggestion is that you outsource the "tasks" overseas and not the "position". Define what you want the CFO to do, or what you are expecting from the CFO. A true CFO should be bringing strategy, connections, knowledge and ability to accomplish. Tough to do with an ocean in between. A US business using foreign outsourced talent at the top level is asking for trouble. I watched one go this route and lose hundreds of thousands of dollars, and then hundreds of thousands more on the forensic investigation - with no lost funds recovered - and that was a London CFO, and not South Asia or the Philippines (popular destinations). Want to save funds? Take the tasks that are redundant or staff-level and use a Part-Time high-level resource to supervise. You wont save as much, but there's less risk. Let me know if I can help!

Reply by a searcher
from University of Colorado at Boulder in Camas, WA, USA

All of our Fractional CFOs are US-based but we do leverage international resources at the bookkeeper and accountant level. Some of these resources are actually Americans that have chosen to live abroad but work for a US-based company. That said, I agree with the others...you can have your cake and eat it too when you have a US-based finance lead that is working to keep the costs down with an international team. I'd love to chat more about it. Thanks!

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