Human Capital: Page 173
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Salaries: Down the Up Escalator
The outlook isn’t good for CFO pay in 2003, according to the 2003 Salary Guide released by Accountemps, a finance staffing division of Robert Half International. The annual guide is based on data from placements by Robert Half finance and accounting recruiters.Despite strong gains in salary in re...
By Lisa Yoon • Nov. 18, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
At Sun, Outrunning the Bear
No question about it, Stephen McGowan has a tall task ahead of him. The new finance chief at Sun Microsystems, McGowan takes over the finance department at Sun at a particularly difficult time.The truth is, it’s not necessarily the best moment to be a finance director at any high-profile, large c...
By Marie Leone • Nov. 15, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Following Your Bliss
Two years ago, as the stock market began reeling on the realization that the dot-com bubble was now bursting, Nancy Milby had an epiphany: She had made a mistake.It wasn’t a mistake made in her job as CFO of a venture-backed healthcare company. As a CPA who had spent the first 16 years of her fin...
By Lisa Yoon • Nov. 14, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Take This Job and Split It
With the responsibilities being shouldered by CFOs of late, you’d think they all grew up in Smallville.These days, it’s no longer enough for CFOs to raise money, shape strategic planning, and oversee management initiatives. Indeed, with the recent spate of corporate accounting scandals, boards of...
By Craig Schneider • Nov. 14, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Executives Worry About
What keeps you up at night? If it’s the constant parade pesky sales people giving you their latest pitches, a new survey for sales executives might offer sweet relief. The survey “How Executives Buy,” released today by organizational training company The Real Learning Co., attempts to help sales ...
By Lisa Yoon • Nov. 13, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Navigating the Bias Trap
For evidence that corporate scandals have cast accountants as nefarious in the general press, flip open an issue of The New Yorker, where chances are pretty good that the page selected will feature a cartoon depicting accountants as villains. Here’s one: Two Puritan women wearing disapproving exp...
By Lisa Yoon • Nov. 12, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why Manners Matter
You turned in a superstar resume, aced all the interviews, and left behind a throng of bedazzled headhunters, HR managers, and board members — all hoping you can start on Monday as their new finance chief. Now you have a dinner date with your prospective employer’s chief executive.Think the job o...
By Lisa Yoon • Nov. 11, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Now Departing: CFOs
According to the latest monthly survey tracking CEO and CFO turnover by outplacement firm Challenger, Gray & Christmas Inc., CFO departures in October doubled from the turnover in September. CEO churn, on the other hand, increased only 14 percent over the previous month.What’s more, it appear...
By Lisa Yoon • Nov. 6, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Good Intentions Can Be Hell
You tried. You gave them the profit-sharing plan, the generous pay packages, the bagels on Fridays. You hired people from as many different backgrounds as possible, and you made sure people weren’t overworked and got enough quality time away from the grind. You told everyone this was a company th...
By Lisa Yoon • Nov. 5, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
It’s Not What You Know
How do you move up the corporate ladder these days? If you ask employees, you’ll get a bevy of different answers. However, one thing is sure—most workers will tell you if they get promoted, it won’t be based on merit.According to a survey by J. Howard & Associates, a Boston-based workplace di...
By Lisa Yoon • Nov. 4, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Filing Late: Excuses, Excuses
Between heightened certification requirements and shorter Securities and Exchange Commission filing deadlines, more CFOs may be hunting up excuses for filing late statements. Recent extension-request forms offer options from the mundane to the dire. Netsalon Corp., for instance, claimed the compa...
By Alix Stuart • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Plans
Pension plan sponsors are living in the past. Some critics say that many companies have not updated their investment-return and interest-rate assumptions to reflect the current conditions of low interest rates and dismal stock-market performance. And while plenty of plans are now underfunded, the...
By Joseph McCafferty • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Disease Management: Prevent Defense
Typically, 20 percent of employees account for about 80 percent of a company’s health-care costs. Not surprisingly, that statistic has many employers rolling out disease-management programs for chronically ill employees.In fact, a study by Hewitt Associates released in July found that a whopping ...
By Jennifer Caplan • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Facing the Bear
“I’m willing to lay it all on the line in terms of performance.” Four years ago, that was what WorldCom’s Scott Sullivan — at the time the highest-paid CFO in our compensation survey — told us when he chose a cash bonus over a base-pay increase. Two years later, our biennial survey showed that CF...
By Tim Reason • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Data Management: Applying a Little Leverage
These days, you’d be hard-pressed to find a publicly traded company that doesn’t use supply-chain software or customer relationship management (CRM) applications. The tools, often browser-enabled, have enabled companies to gain a measure of control over functions that were once considered too far...
By Jennifer Caplan • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Cost-Sharing and Tiered-Pricing: Shift or Shaft?
As health-care benefit costs rise, most plan sponsors have been left with little choice but to pass on some of their expenses to employees. Usually, that passing on comes in the form of higher premiums, co-payments, and deductibles. Others employers are introducing or extending tiered-pricing arr...
By Jennifer Caplan • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
HRAs: The Next Wave?
Increasingly, employers are turning to consumer-driven health plans to rein in rising medical benefit costs. Consumer-driven programs shift some of the responsibility for managing health costs to employees.Often called Health Reimbursement Accounts (HRAs), the plans require the setting up of comp...
By Jennifer Caplan • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health-Benefit Costs: Up Up and Away
With corporate revenues continuing to limp along, health-care benefit costs have become a matter of considerable concern for CFOs. The hard reality is, group medical-plan premiums will undoubtedly rise again next year. The jacking-up of premiums has left finance chiefs scrambling to rein in costs...
By Jennifer Caplan • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Waiting Game
Jim Meer lost his job as treasurer of Schein Pharmaceutical Inc. when the company was sold to Watson Pharmaceuticals Inc. But he wasn’t worried; he’d received a nice severance package, and decided to look for a CFO slot next. More than a year later, he’s still looking.“Moving up to a CFO spot in ...
By Kris Frieswick • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Works: Building a Strong Finance Team
Companies often pause to digest a giant merger. But after Kraft Foods North America combined its cheeses with Nabisco’s crackers in December 2000, the company realized that internal reporting needed an antacid.“It was overload,” says Greg Oster, vice president of Kraft’s cheese, meals, and enhanc...
By Roy Harris • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Excuses, Excuses
Excuses, Excuses Between heightened certification requirements and shorter Securities and Exchange Commission filing deadlines, more CFOs may be hunting up excuses for filing late statements. Recent extension-request forms offer options from the mundane to the dire. Netsalon Corp., for instance, ...
By CFO Editorial Staff • Nov. 1, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Truancy Problems? Try a Little Tenderness
Faking a stomach ache and playing hooky from school never warranted rewards. But rewards may be just what the doctor ordered for employees that feel they have to feign illness to take some time off. What’s more, granting more flexible working conditions may slash some corporate costs. Here’s why....
By Lisa Yoon • Oct. 31, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Dealing with a Stressed-out Workforce
Two new surveys have put work-related stress in the headlines again. What’s causing the neck-aching, shoulder slumping tension? It depends.According to one survey, fear of getting laid off was the least-cited cause of stress at work. Rather, the latest Employee Outlook Index Survey by UBS and The...
By Lisa Yoon • Oct. 30, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Are Employees Saying About You?
Once you make it to the CFO post, you’ve arrived. After all, executives don’t make it to the C-level without a proven mastery of skills and a track record of success, right?Not exactly. In some ways, your job is just beginning. Research from Center for Creative Leadership, a Greensboro, N.C.-base...
By CFO Editorial Staff • Oct. 29, 2002 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Résumé Mistakes that Recruiters Hate
The recruiters of America have a message to job seekers: Spell check is your friend.That’s according to a new survey published by ResumeDoctor.com, a division of South Burlington, Vermont-based staffing agency Personnel Department Inc. The survey, which polled more than 2,500 recruiters throughou...
By Lisa Yoon • Oct. 28, 2002