Human Capital: Page 172
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Minority Report: Companies Still Looking for Diversity
In spite of the weak job market, companies are still spending hundreds of thousands of dollars to recruit and retain minority candidates with executive leadership potential. This, according to a study entitled Diversity Recruitment Report 2002 released today by San Francisco-based WetFeet Inc.The...
By Lisa Yoon • Dec. 19, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Evaluating Performance Evaluations
“It’s the most wonderful time of the year.” Right?Both lovers and haters of that ubiquitous holiday carol will agree on one thing: the song’s title is definitely not referring to performance-review time. But while the process isn’t a typical perennial favorite of employees, an upcoming study from...
By Lisa Yoon • Dec. 18, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Snow Job : A Compensation Tale
Getting paid just for showing up sounds like a sweet deal. But does it beat getting paid well after your days of showing up are over?According to a report in the New York Times, arranging for healthy pay checks even after you’ve quit working, is the newest rage in executive compensation. Usually ...
By Lisa Yoon • Dec. 17, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Over There — Pay Raises Are Good
Despite continuing economic uncertainty, employers in most countries plan to increase worker pay next year by 1 to 3.5 percentage points above inflation. This, according to Mercer Human Resource Consulting’s Global Compensation Planning Survey Report.In most countries, projected pay increases for...
By Lisa Yoon • Dec. 16, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Sex in the City of London
A new survey British workers by U.K. media-research firm Suntop Media finds many young British aren’t too impressed with their companies’ ethics. They’re also the first to admit their own ethics aren’t the best, either.Thirty percent of employees are ambivalent about their employers’ ethics. Only...
By Lisa Yoon • Dec. 12, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Raises? Get Out The Microscope
In case you missed the news from the other two salary surveys released this week, The Conference Board wants you to hear it from them, too: Raises are going to stink next year.In yet another report on salary-increase budgets for 2003, planned pay increases for next year are getting trimmed from e...
By Lisa Yoon • Dec. 11, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Stock Options Get a Nod from B-Schools
As the debate continues over executive stock options, the pro-options camp scores a thumbs up from a new study penned by three business school professors.The report, released in September, claims that in the long term, employee stock options (ESO) grants actually do what they’re intended to do in...
By Lisa Yoon • Dec. 10, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Salaries Down, Disgruntlement Up
“I know I don’t got a lot up there, but what I got sure don’t feel too good.”That was Tatum O’Neal’s reaction after getting kicked in the chest in the 1976 movie The Bad News Bears. But it could also sum up how CFOs feel about being forced to skimp on employee raises.Indeed, it seems employees ar...
By Lisa Yoon • Dec. 9, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies Target Retiree Benefits
Increasingly, retiree benefits are under attack.As more and more companies pare the benefits of their current employees, many businesses are also targeting the benefits of their former workers — workers who assumed they had a covenant for life.According to a survey of large U.S. companies by the ...
By Stephen Taub • Dec. 9, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Gorilla Across the Table
In a divorce, it’s the little ones who get hurt worst.Take the case of Jack Welch, former chairman and CEO of General Electric. In the middle of a widely reported breakup with estranged wife Jane Beasley Welch, Welch — and his former employer — found themselves facing a public relations nightmare...
By David Katz • Dec. 9, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Most Overpaid CFOs?
Are CFOs overpaid? And how does a company determine what to pay its chief financial officer?Look at what it shells out for the chief executive. Or at least that’s the conclusion of a study of CFO pay conducted by veteran compensation expert Graef Crystal.Crystal, a self-styled executive-pay gadfl...
By Stephen Taub • Dec. 6, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Gunfight at the Comp Consulting Corral
(Editor’s note: This is the second story in CFO.com’s spotlight series on compensation committees. To read the feature article, “The Gorilla Across the Table,” click here.)It’s just a short paragraph in small roman type buried at the bottom of the page in the New York Stock Exchange’s new corpora...
By David Katz • Dec. 6, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Rashomon in HR
If there’s one thing human-resources experts almost unanimously agree on, it’s the importance of employee retention — particularly in a recession. And where there’s talk of retention, the issue of employee morale inevitably comes up. This week, two new studies show that employee morale isn’t exac...
By Lisa Yoon • Dec. 5, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Survey: Net Hiring Picking Up
As CFO.com reported yesterday, getting in with upper-echelon headhunters, while not impossible, can be tough. For those who prefer other avenues of the job search — or lack the personal connections to get an audience with a top headhunter — a survey released this week by online career-services ce...
By Lisa Yoon • Dec. 4, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Get Noticed by Headhunters
“Don’t call us; we’ll call you.”Ask a big-time headhunter how to get in the running for a plum job and that’s the line you’re likely to hear. And it’s not because executive recruiters are such snobs, either.The fact is, there’s a big misunderstanding about what headhunters actually get paid to do...
By Lisa Yoon • Dec. 3, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Funding Gap Seen Widening in 2003
So much for the two-month stock market rally.The corporate pension crisis is expected to get much worse in the next year or so as the nearly three-year bear market has forced many companies to make contributions to their defined-benefit plans to cover shortfalls and comply with federal laws that ...
By Stephen Taub • Dec. 3, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Stuff in the Stockings?
It’s that time again. The holidays, that is. And like a house full of kids ransacking the closets in search of an advance peek at their holiday loot, workplaces buzz with anticipation of the holiday bonus. Two consulting companies released surveys on this year’s bonus trends. The results? Mixed.F...
By Lisa Yoon • Dec. 2, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Send in the Eggheads
Last winter, as Magnetek Inc. CFO David Reiland was reviewing the structure of the 401(k) program at the Los Angeles-based maker of power controls, he found himself drawn to a plan that would give employees some extraordinary help with their retirement investing. Under the program, created by con...
By Alix Stuart • Dec. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Challenging Convention
Calling in a professional manager may prevent emotions–or apathy–from dictating the allocation of employees’ nest eggs. But is it any safer to trust asset managers who use the standard theories of investing?For Boston University professor Zvi Bodie, the answer is a resounding no. According to Bod...
By Alix Stuart • Dec. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Return of the Bean Counters
Three years ago, Greg Cowan was promoted from controller to CFO at professional staffing firm CDI Corp., making the leap that so many accounting professionals dream of: from keeping the books to helping set business strategy. But in November he took what looked like a step back, swapping his CFO ...
By Alix Stuart • Dec. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Liar, Liar
CFOs do it. CEOs do it. Research analysts do it. Even poets laureate do it. It’s the edu-fib. An edu-fib is a lie on a résumé about one’s educational history, usually used early in a career to enhance professional opportunities. But if that lie is still there when an executive hits the heights of...
By CFO Editorial Staff • Dec. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Executive Credit Crunch
Newspapers were shocked — shocked — to learn that former WorldCom CEO Bernie Ebbers had borrowed $408 million, ostensibly to purchase company stock. That discovery, coupled with the disclosure that former Tyco International CEO Dennis Kozlowski allegedly “borrowed” $242 million from Tyco for yach...
By Andrew Osterland • Dec. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Stock Option Overhang Blues
As the debate over executive pay continues, those in favor of doing away with stock options have new fuel for their fire.A new research report by Watson Wyatt shows that companies with high stock ownership by senior management financially outperform companies with lower executive ownership, as me...
By Lisa Yoon • Nov. 21, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Women CFOs: Respect, Just a Little Bit
Women CFOs are increasing their ranks — albeit at a snail’s pace. That’s according to this year’s Census of Women Corporate Officers and Top Earners by non-profit research group Catalyst.In 2002, 7.1 percent of the 496 CFOs at America’s 500 largest companies were women, compared with 5.6 percent ...
By Lisa Yoon • Nov. 20, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
MBA Still Worth Something
Is an MBA worth much during an economic slump when many companies are laying off large numbers of employees? Apparently yes.Turns out 88 percent of 1,247 people who graduated with MBAs in 2000 and 2001 are currently employed, and 76 percent are still working for the companies that hired them afte...
By Stephen Taub • Nov. 19, 2002