Human Capital: Page 33
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To Make CFO, Women Must ‘Raise Their Hand’
At a time when opportunity (or lack thereof) for women in the workplace is a topic of intense discourse, one way to look at the matter at the executive level requires merely some simple addition.Among the largest 1,000 U.S. companies by revenue, as of last month only 12% had a woman in the CFO ro...
By David McCann • Aug. 12, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
U.S. Job Cuts Increase 19% in July to 45,346
Layoffs across the United States rose for a second straight month in July, reflecting in part a surprisingly large increase in energy sector job cuts.The global outplacement consultancy Challenger, Gray & Christmas said U.S.-based employers announced plans to trim payrolls by 45,346, up 19% f...
By Matthew Heller • Aug. 4, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To Cut Costs, Push Your Purchasing Dept. Out the Door
During a walk to one of our many daily meetings (at a company where I was serving as interim chief purchasing officer) our CFO asked me how we could improve our financials in the procurement area. The budget was under pressure and the forecast needed added upside to make up for recent problems an...
By Christopher Good • July 20, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Starbucks to Raise Pay at Least 5% in U.S.
Starbucks said Monday it will raise pay for its U.S. store managers and workers amid allegations that its scheduling practices have reduced the work hours of many employees.CEO Howard Schultz announced in a letter to employees that effective Oct. 3 base pay will increase at least 5%. The world’s ...
By Matthew Heller • July 12, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
More Workers Doing Their Jobs Remotely
More Americans are working at home, and working longer hours while they’re there, according to the U.S. Department of Labor.In its latest American Time Use Survey (ATUS), the department found that 24% of all U.S. workers did some or all of their work from home last year, compared with 19% who wor...
By Christopher Hosford • July 11, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Survey Predicts Mixed Hiring Rates in July
U.S. hiring rates will be mixed in July, with fewer service-sector companies planning to grow payrolls and more manufacturers adding jobs, according to a survey of human resources professionals.The Society for Human Resource Management found in its latest Leading Indicators of National Employment...
By Matthew Heller • July 8, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Brexit Jolts U.S. Pension Plan Funding Levels
The estimated funding level of pension plans sponsored by S&P 1500 companies dropped three percentage points to 76% as of the end of June, reflecting turbulent markets and decreased discount rates following the U.K.’s vote to leave the European Union.The estimated aggregate funding deficit of...
By Christopher Hosford • July 6, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Transamerica Settles Suit Over Its Own 401(k)
Retirement plan provider Transamerica Corp. has agreed to pay $3.8 million to settle a class-action lawsuit over the fees it charged participants in its own 401(k) plan.Participants alleged Transamerica’s parent company Aegon collected $40 million by charging “layers of superfluous fees” for inve...
By Matthew Heller • June 29, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New Overtime Pay Rules: How to Adjust
The U.S. Department of Labor recently decided to more than double the minimum weekly salary threshold under which salaried workers are eligible for overtime pay when they work more than 40 hours in a week. The change will take effect on Dec. 1 of this year, so companies should start preparing now...
By Andrew Volin • June 7, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
U.S. Job Cuts at Lowest Level Since December
Layoffs across the United States dropped sharply in May, indicating job cuts may slow down this summer after heavy downsizing earlier in the year, according to a new report.The global outplacement consultancy Challenger, Gray & Christmas said U.S.-based employers announced plans to trim payro...
By Matthew Heller • June 2, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Lament: So Many Demands, So Little Time
Has the role of CFO expanded so much that it could be viewed as an embodiment of the Peter principle? That is, are the demands of the job so great that even a stalwart financial executive may find success to be elusive?It’s a shocking thought. There are, of course, many successful finance chiefs....
By David McCann • May 26, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Kristi Matus Steps Down as Athenahealth CFO
Athenahealth shares fell sharply on Friday after the healthcare IT provider unexpectedly announced that CFO Kristi Matus had resigned in response to a change in its leadership structure.Athenahealth said it was separating the roles of CFO and chief administrative officer, both of which had been M...
By Matthew Heller • May 20, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A CFO With No Accounting Background? No Way!
Some people ask if a CFO needs to have an accounting background. Is that even a question?Hell yes. They not only should, they must.Dan Gotte A chief financial officer is responsible for the financial health of a company, from overseeing transaction-level data, to publishing financial statements, ...
By Dan Gotte • May 19, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
U.S. Doubles Threshold for Overtime Eligibility
The Obama Administration has announced new regulations that will extend overtime pay to 4.2 million workers, saying the move would stimulate economic growth by strengthening the middle class.The rule unveiled Tuesday doubles the salary threshold for time-and-a-half overtime eligibility from $455 ...
By Katie Kuehner-Hebert • May 18, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 6
Health insurer Anthem has promoted John Gallina to finance chief, effective June 1. Gallina, who takes over for Wayne DeVeydt, currently heads finance for the firm’s commercial and specialty business divisionMike Randolfi Mike Randolfi has been appointed to the top finance spot at Groupon, succee...
By Joan Urdang • May 6, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Values ‘What You See Is What You Get’ Mindset
Michael Levine prefers a WYSIWYG — “what you see is what you get” — approach to business.The CFO of business-to-business payments company Payoneer, Levine doesn’t believe in providing purposely understated forecasts in order to be an over-delivery hero.If he doesn’t understand why a number is wha...
By David McCann • May 5, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Company’s Culture Helps Hat-Juggling Finance Chief Make an Impact
What do you get when you combine the opportunity to work in an exciting, emerging industry with a company culture that allows you to thrive?Phil Schraeder You might get what you’ve always wanted. That’s the case for Phil Schraeder, CFO and chief operating officer of GumGum, an advertising technol...
By David McCann • April 18, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 15
Revlon has appointed Juan Figuereo as its new finance chief. He previously headed finance at NII Holdings, and he is also a former CFO of Newell Rubbermaid and of Cott Corp.Jill Golder Jill Golder has been named to head finance at Cracker Barrel Old Country Store. She will join the firm later thi...
By Joan Urdang • April 15, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employers Feeling Pain of Obamacare Compliance
More than two-thirds of employers favor repeal of the Affordable Care Act’s employer mandate, citing the cost and administrative burden of showing they are in compliance, according to a new survey.The benefits consulting firm Mercer said repeal of the mandate — with 70% in favor — came in second ...
By Matthew Heller • April 13, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 8
Gerard McGraw, president of Fidelity Institutional, has been selected to head finance at parent company FMR LLC. He replaces Alan Scheuer, who is retiring at the end of the quarter.Frank Bednar Rx Savings Solutions has named Frank Bednar to fill the top finance spot. Most recently, he was executi...
By David Katz • April 8, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Sponsors Juggle Derisking Strategies
As we reported last Thursday, steeply rising Pension Benefit Guaranty Corp. premiums are forcing pension plan sponsors to get more serious than ever about funding their plans.One result of moving closer to a fully funded plan is that the sponsor can afford to derisk a greater portion of the plan’...
By David McCann • April 4, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 1
Tribune Publishing has named Terry Jimenez to lead the finance function, replacing Sandra Martin. Jimenez is a former partner in IBM’s global business services.Mauricio Restrepo Mauricio Restrepo has been appointed finance chief of Molson Coors Brewing, effective May 2. He takes over for interim ...
By Joan Urdang • April 1, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
American Airlines Flight Attendants Get Pay Hike
A day after announcing it will offer profit-sharing to its more than 100,000 employees, American Airlines said Thursday it would increase pay for its 25,000 flight attendants by about 6%.Under its contract with flight attendants signed in December 2014, American was required to adjust pay scales ...
By Matthew Heller • March 24, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 18
State Street Corp. said that finance chief Michael Bell plans to leave his post within the next year. The firm plans a search for a replacement for Bell, who has led the finance function for almost three years.Manmeet Soni Mars Inc. has promoted Claus Aagaard to head finance. He succeeds Reuben G...
By Joan Urdang • March 18, 2016 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ex-Chesapeake CEO Dies a Day After Indictment
Former Chesapeake Energy CEO Aubrey McClendon died in a high-speed car wreck Wednesday, a day after he was charged in an antitrust case alleging he conspired to rig bids for oil and natural gas leases.Police said McClendon, 56, slammed into an embankment in Oklahoma City while traveling well over...
By Matthew Heller • March 2, 2016
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