Human Capital: Page 22
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Have Virtual Workers? Here’s What to Tell Them
You see them in coffee shops, restaurants, and bookstores — anyplace with Wi-Fi, power outlets, and a decent chair. Two percent battery life is the kiss of death, second only to loud noises, which send them scurrying like Dracula from light, clutching their laptops and pressing their smartphones ...
By David McCann • Feb. 5, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Plastics Maker’s CFO Balances Cyclicality vs. R&D Imperative
Think fast: What’s the difference between cyclicality and circularity?Both are key concepts in the business of Covestro, the big German chemical company and plastics maker that spun off from Bayer in 2015.Many industries are subject to cyclical business patterns, of course. For Covestro and its c...
By David McCann • Jan. 24, 2020 -
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5 Categories of Finance Competencies for 2020
The skills gaps that corporate finance leaders have been grappling with for some time will stand out even more in 2020 and beyond, according to Gartner.Based on a survey of more than 1,000 finance employees, Gartner has placed finance competencies into five categories, each one most ably performe...
By David McCann • Jan. 16, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To Make More Money, Find a New Job
With a tight supply-and-demand situation favoring executives inclined to switch jobs, the average compensation increase for those who did so in 2019 shot up by 28% from the prior year, according to new research.In 2018, the average pay hike for job-switching C-suite and VP-level executives was 11...
By David McCann • Jan. 14, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Was GE’s New CFO a Risky Choice?
Every executive hire carries some degree of risk. But General Electric, with its recent hiring of Carolina Dybeck Happe as its new CFO, may have taken on more risk than necessary, a new report suggests.Carolina Dybeck Happe “We think GE’s new CFO choice may add doubts about GE’s ability to post s...
By David McCann • Jan. 10, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Plans’ Struggles Continue Despite Big Investment Gains
Large companies operating pension funds enjoyed eye-popping investment returns in 2019, averaging almost 20%. Unfortunately, lower interest rates resulted in a large increase in future plan obligations that negated most of the investment gains.According to a Willis Towers Watson study of defined ...
By David McCann • Jan. 7, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CA’s Gig Law Sparks New Need for Business Agility
January 1 was more than just the beginning of a new year and decade. It also signaled the opening salvo in what could be a long and protracted battle over new state laws regulating America’s growing “gig” economy.Part of what the World Economic Forum calls the “Fourth Industrial Revolution” — whe...
By David McCann • Jan. 3, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 27
Securities litigation firm Block & Leviton announced on Tuesday that it had filed a class-action lawsuit against Mattel and its CFO, Joseph Euteneur. The suit claims that the defendants misled investors regarding the toy company’s financial accounting in the last two quarters of 2017, as well...
By David McCann • Dec. 27, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How CFOs Can Help Control Health Care Costs
A slowdown in companies’ annual exercise of raising employees’ health care costs was a key discussion point during a session at CFO Live, a recent CFO-hosted conference in New York.Although companies’ own costs continue to rise, the burden on workers has reached a point where health benefits are ...
By David McCann • Dec. 18, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Threat of Health Care ‘Cadillac Tax’ Set to Vanish
Years of lobbying and other efforts by companies and other health care payers, aimed at repealing the Affordable Care Act’s excise tax on high-value health plans, appear to have finally achieved their mission.Leaders of both houses of Congress, who worked with the White House to finalize the fisc...
By David McCann • Dec. 17, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
For Many CFOs, Pension Plans Are Millstones Around the Neck
This is the first of two articles on pension risk transfer.Defined benefit plans were originally instituted to reward Revolutionary War veterans for their service. Since then, they have come to represent a system belonging to a bygone era of graduation-to-retirement jobs held by lifetime employee...
By David McCann • Dec. 13, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CEO Pay Is Higher When the CFO Is Newly Hired
The job of chief executive officer pays well — and even better when an incumbent CEO is working with a newly hired CFO.Researchers at Duke University’s Fuqua School of Business studied more than 23 years of data from S&P 1500 firms. They found that CEOs took home an average of 10% more compen...
By David McCann • Dec. 9, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
4 Ways for Finance to Partner With the Business
Jason Lin, CFO, Centage When Jason Lin had his first staff meeting after joining software company Centage as its CFO last May, he presented four bullet points. They represented the key tenets of his vision for how finance and accounting teams should position themselves as partners to the business...
By David McCann • Dec. 4, 2019 -
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Will Automation Cause Finance Job Losses After All?
Ask most any automation expert or CFO who’s implementing automation that you like, and you’ll get the same story: no, automation isn’t going to take finance jobs away. Instead, finance workers will have time freed up for higher-level, strategic, value-add work.But does that actually pass the smel...
By David McCann • Nov. 22, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Disruptive Change Spells Opportunity for Top CFOs
While there is a convergence of uncertainty around the economy and corporate health, this time is also a great opportunity for CFOs to demonstrate how they stand out from their peers, according to Gartner.“There is disruptive change occurring at an unprecedented rate, but along with it there is o...
By David McCann • Nov. 21, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
High Demand for CFOs Creates Career Opportunities
Thinking about looking for a new job? It’s a good time to do it. Demand for CFO talent is at an all-time high, given the proliferation of entities backed by private equity and venture capital.But don’t get too enamored, too quickly with any particular opportunity that comes along. An executive jo...
By David McCann • Nov. 19, 2019 -
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Going from CFO to COO: What, why and how
Here’s what I learned from making the jump from CFO to COO.
By Jeremy Van Ek • Nov. 19, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
FedEx to Discontinue Pension Plan for New Hires
FedEx will stop offering a guaranteed pension for new hires, replacing it with an expanded 401(k) it believes will make it more competitive in the recruitment marketplace.Under the new plan, which will be launched at the start of 2021, the shipping giant will contribute up to 8% of employee salar...
By Matthew Heller • Nov. 19, 2019 -
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10 Essential Ways to Strengthen Your Network
Networking is a big mystery to most people. They feel awkward asking for help, and the idea of reaching out to someone has all the appeal of cold-calling to sell those handy slice-and-dice-it knives you see on late-night infomercials.But that’s not networking — and it raises a bigger point. Netwo...
By Gary Burnison • Nov. 18, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
MedMen to Lay off 190 Workers in Profit Push
Cannabis retailer MedMen Enterprises is laying off more than 190 employees as part of a restructuring plan aimed at achieving an operating profit by the end of 2020.The layoffs are expected to contribute about $10 million toward MedMen’s goal of reducing corporate overhead to $85 million by the e...
By Matthew Heller • Nov. 18, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Another Roadblock for Women: Performance Reviews
“You’ll get farther by being more assertive.”“You had a good year.”“People like working with you.”Most everyone has seen those or other imprecise comments on performance reviews, but a new study finds that they’re especially prevalent in reviews of women. Indeed, experts say that this type of vag...
By David McCann • Nov. 13, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GM Workers Approve Contract After 40-Day Strike
After the longest nationwide strike against General Motors in half a century, union members ratified a four-year contract that will increase the automaker’s labor costs by an estimated $100 million per year.The 40-day work stoppage ended with United Auto Workers members winning annual lump-sum bo...
By Matthew Heller • Oct. 28, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
FedEx Marches to Its Own Beat on Pension De-risking
Many big companies are looking to de-risk their pension plans by offering lump-sum payouts or cutting deals with insurance companies.Some, however, are taking a different route. FedEx, for example, recently announced plans to contribute $1 billion to its U.S. pension plans before the end of its f...
By David McCann • Oct. 21, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Goldman Workers Feel Pinch of Digital Shift
As Goldman Sachs has shifted away from its legacy trading business toward a digital future, it is now paying its average employee half as much as it did 10 years ago.According to a CNBC analysis of Goldman data, the bank set aside 35% of its revenue for staff compensation and benefits so far this...
By Matthew Heller • Oct. 17, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is ‘Radical Transparency’ the Way to Go?
There is little doubt that “radical transparency” — the concept of literally complete openness within a business — can be an effective tool for companies. But there’s equally little doubt that it’s not right for every company.The concept originated years ago with Ray Dalio, founder of Bridgewater...
By David McCann • Oct. 14, 2019
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