It's a buyer's market, but making smart hires remains far from easy.
Scott Leibs, CFO Magazine
February 1, 2009
Talent is always a very scarce resource, especially in a crisis time. Take care with your hiring practices, because in these times the first to be fired are the most unables!
Posted by Jaime Sicard | February 19, 2009 03:31 pm
HRM competencies are in short supply especially if CFOs are forced to do HR work too. The skill set to find finance executives is different from the skills possessed by a finance one. That is an HR Manager requires psychological skills to determine if a person is a fit to the culture of the organization. To make matters complex if it crosses borders the emotional skills must exist rather than just being able to carry out compliance and consolidation of accounts work. Further, finance chiefs in most cases speak in a jargon that other departments may have to make sense of. If you examine management accounting texts they are so technical that the front liners would find it difficult to comprehend. It is thus the neural pathways through the network of people within the organization which has to be patched even though these neural units may be going in different directions. Finally, finance people may find it not really their task to be entrepreneurial and realize that recruiting adequate executives is an endeavor which brings stability to the organization. Herzberg and Maslow's theories should be combined so that there is some practicality in the way management becomes an art not a science.
Posted by Jon Tay | February 02, 2009 11:45 am© CFO Publishing Corporation 2009. All rights reserved.