July 28, 2003—In a new survey, 57 percent of chief financial officers (CFOs) said their companies currently have a business continuity plan in place to recover from a disaster. But more than one-third (36 percent) of respondents said their firms are not prepared for a catastrophic event or other major disruption.
The survey was developed by Robert Half Management Resources, a provider of senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.
CFOs were asked, “Does your company currently have a business continuity plan in place in case a catastrophic event impacts your firm’s operations?” Fifty-seven percent responded “yes”; 36% responded “no” and 7% responded “dont know/no answer”
“Companies cannot afford to ignore the possibility of a disaster or significant business disruption that can jeopardize physical assets, operations and employees,” said Paul McDonald, executive director of Robert Half Management Resources. “Business continuity plans should be current and flexible—outdated or untested methods provide a false sense of security, leaving companies at greater risk of operational failure.”
For more information, contact Robert Half Management Resources.
