Human Capital: Page 43
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Special Report: How to Buy HR Technology
It’s a rare CFO in today’s world who hasn’t gained a working familiarity with the financial and operational systems that make his or her company go. But even though human-resources technology tools are just as prevalent, are vital to organizational success and can be significantly costly, any par...
By David McCann • May 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Managing the People Side of Risk
Most executives take managing risk quite seriously, the better to avoid the kinds of crises that can destroy value, ruin reputations, and even bring a company down. Especially in the wake of the global financial crisis, many have strived to put in place more thorough risk-related processes and ov...
By Alexis Krivkovich and Cindy Levy • May 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why Upgrade Your HR Systems?
This is the first of five articles in a special report looking at the buying of HR technology from a CFO’s point of view. Also included are: What Kind of HR Automation Do You Need?; Making a Mess of People-System Purchases, which explores pitfalls to avoid; HR Tech Vendors: Who’s Out There?; and ...
By David McCann • May 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Anatomy of a Buying Decision
This is the fifth of five articles in a special report looking at the buying of HR technology from a CFO’s point of view. Also included are: Why Upgrade Your HR Systems?; What Kind of HR Automation Do You Need?; Making a Mess of People-System Purchases, which explores pitfalls to avoid; and HR Te...
By David McCann • May 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Strengths Often Underused on IT Projects
Over the years, I’ve had the benefit of being both the CIO and CFO of publicly-traded companies. What I saw in practice, and see with clients as a consultant, is that CFOs can make all the difference to an important IT project’s success.My firm uses many of management consultant Peter Drucker’s i...
By Jack Bergstrand • May 13, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 10
Microsoft Corp. has promoted Amy Hood to the top finance spot, effective immediately. She replaces Peter Klein, who will stay on until the end of June to aid in the transition. Hood, who has worked at Microsoft since 2002, was CFO of the company’s business division.Daniel Henry, who has been fina...
By Joan Urdang • May 10, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Venture Capitalist Turned CFO Finds Perfect Fit
Imagine you’re a venture capitalist who invests not directly in companies but rather in capital funds. Your firm’s portfolio includes 120 such funds, which have investments in 3,500 companies. Most of them are in the technology sector, so you have a bird’s-eye view of what’s working, not working,...
By David McCann • May 10, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New CFO May Help Stabilize Microsoft
Microsoft Corp.’s choice to replace CFO Peter Klein, who announced in April that he will resign after the company’s current fiscal year ends on June 30, is Amy Hood, a 10-year company veteran. Despite Klein’s continued presence, she is taking the CFO title immediately, Microsoft said on Wednesday...
By David McCann • May 9, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Art of Mentoring
Jennifer Hill was a managing director at Goldman Sachs in 2006 when she got the opportunity to take a job as CFO of Tisbury Capital Management, a hedge fund in London. During the decision-making process, Hill called up a former mentor. His advice has stuck with her ever since. “He said, ‘You alwa...
By Marielle Segarra • May 8, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Four Myths about Private Health-Care Exchanges
For all the hoopla in the past year about private health-care exchanges for active employees, relatively few companies with more than 50 workers have taken the plunge. But the market is certainly expecting that to change, with most of the large benefits-consulting firms having launched their own ...
By David McCann • May 3, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 3
Arthur Minson has been appointed to lead the finance function at Time Warner Cable Inc. He replaces Irene Esteves, who is leaving the company. Since 2009, Minson has held several positions at AOL Inc., including chief financial and administrative officer and chief operating officer. He also previ...
By Joan Urdang • May 3, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Be CFO of a Public Utility
On Monday we published an article about human-capital concerns in the energy industry, focusing on PPL Corp., a $12 billion, publicly held electric-power company. Here we offer a detailed look at other demands on CFOs in that industry, from the viewpoint of PPL finance chief Paul Farr.Is anything...
By David McCann • May 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Givers Take All: The Hidden Dimension of Corporate Culture
After the tragic events of 9/11, a team of Harvard psychologists quietly “invaded” the U.S. intelligence system. The team, led by Richard Hackman, wanted to determine what makes intelligence units effective. By surveying, interviewing and observing hundreds of analysts across 64 different intelli...
By Adam Grant • April 30, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Invasion of the Health-Insurance Brokers
If Matt Stover is right, it won’t be long before your workplace is crawling with health insurers and brokers trying to recoup revenues they lost because of the Affordable Care Act.The bottom line is that the carriers and intermediaries “are looking to sell your employees more stuff,” Stover, a pa...
By David Katz • April 30, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employee Exodus Threatens Energy Firms
For certain industries, most prominently energy, no current concern outweighs the looming loss of huge portions of veteran personnel. Turnover has been historically low in that industry, and with the baby-boomer generation now starting to retire, companies face a potentially devastating shortfall...
By David McCann • April 29, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 26
CFO Peter Klein has announced he is leaving Microsoft at the end of June. He has been at the company since 2002 and was appointed CFO of Microsoft’s business division in 2006.Humberto Alfonso, CFO and chief administrative officer at The Hershey Co., has been promoted to president, international, ...
By Joan Urdang • April 26, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Leaders Bemoan Talent Shortage
For public consumption, finance executives are happy to talk about what wonderful teams they have. In private, most are not very impressed with the talent at their disposal.Finance managers rate few of their direct reports as effective in the behaviors and skills that drive excellent performance ...
By David McCann • April 24, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Yoga Offers Insights on Employee Health
Most of us, when we think of yoga, envision those implausible poses shown in magazines and videos being performed by gurus in India or super-flexible models in athletic wear. In fact, the poses, or “asanas,” are only a small part of yoga. The Free Dictionary says, “Yoga is derived from a Sanskrit...
By John Boudreau • April 23, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Next CFO: An Inside Job
Corporate executives generally think it’s better to fill an opening in the CFO chair by promoting from within than hiring externally, new research shows. Finance executives, specifically, think so too – and even more so, according to one top financial-officers recruiter.Among 583 executives of al...
By David McCann • April 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 19
Michael Culotta is leaving his post as finance chief at institutional pharmacy company PharMerica Corp. A search is under way for his replacement; in the meantime, David Froesel Jr., former CFO of Omnicare Inc., has been named interim CFO.Kevin Klotzbach is adding to his responsibilities as treas...
By Joan Urdang • April 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employee Pay Spikes Nationwide
The unemployment rate, though edging down, is still higher than most economists consider consistent with a fundamentally healthy economy. But by another measure of fiscal health – the level of compensation being paid to those who are working – these are boom times.PayScale, which claims to have t...
By David McCann • April 18, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Can You Afford College?
Want to step out of the corporate vortex and into a fulfilling and stable – if perhaps less remunerative – finance career? Think higher education.Not that there aren’t some monetary rewards. The median pay for CFOs of colleges and universities is $153,000, according to the College and University ...
By David McCann • April 17, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Play Ball!
Name: Steve Fitch Position: SVP and CFO of the Boston Red Sox Previous Positions: VP/controller, VP of finance, VP of human resources, Boston Red Sox; executive director of finance, San Diego Padres; controller, IRT; controller, Sav-On Drugs Notable For: Wearing multiple hats in his job, with res...
By Edward Teach • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
An Incentive to Control Incentive Pay
When it comes to establishing incentive-compensation targets and weighting the measures used to calculate payouts, CFOs who are not heavily involved in the process – especially where non-executives are eligible for bonuses – are making a mistake.At least, so says Juan Pablo Gonzalez, a partner at...
By David McCann • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Great Pension Derisking
Thrice burned, twice shy. After experiencing steep funding shortfalls in their defined-benefit retirement plan obligations three times in a row over the past generation, corporate plan sponsors are finally fighting back, with an array of innovative weapons designed to reduce their pension liabili...
By Russ Banham • April 15, 2013