"The corporate brand is not only used to improve competitive
positioning and express company aspirations, it can also be a powerful
tool to motivate employees."
Opinions and views from expert CFOZone members.
How to design executive compensation that improves performance without encouraging unethical behavior?
According to Adam Grant and Jitendra Singh, two management professors at the Wharton School of Management, the answer is to include in the mix a hefty portion of non-financial incentives that have a powerful effect on behavior.
Potential ethical issues are playing a major role among US companies that conduct business overseas.
According to a new survey, the number of companies claiming to have lost business due to competitors acting unethically has surged to 40 percent from just 10 percent as recently as 2009.
Are employers especially clueless these days? Or unprepared for the demands of their jobs? A few studies indicate the answer is "yes".
First a study by Harris Interactive for CareerBuilder found that 26 percent of managers say they were unprepared to become bosses. A whopping 58 percent never received any training to help them in the transition. The survey was conducted among 2,482 US employers and 3,910 employees.
CEOs continued to grow more upbeat about the overall economy and their own company's prospects.
According to the results of Business Roundtable's first quarter 2011 CEO Economic Outlook Survey member CEOs estimate real GDP will grow by 2.9 percent in 2011, an increase from the 2.5 percent expected in the fourth quarter of 2010.
Employers, beware. Your overworked employees may not be around much longer.
Once they sense the job market has improved, they plan to bolt and let the door close on their immediate boss.
Commercial insurance prices remained flat for the eighth consecutive quarter, according to Towers Watson's most recent Commercial Lines Insurance Pricing Survey (CLIPS).
At the same time, accident-year loss ratios deteriorated relative to the same period in the prior 12 months.
What do CFOs worry about the most? What's their biggest challenge?
The answer: time management and keeping up with changing technology, according to a study from Robert Half Management Resources.
One of the many areas that companies have focused on for cost-cutting initiatives is spend on travel and entertainment (T&E). Manual T&E management is one of the largest drivers of inefficiency as it reduces visibility, accuracy and timeliness of spend information, according to a survey by Paystream Advisors.
Moving away from manual processes and onto an automated spend management system can help not just large firms with complex T&E spend, but also medium and small firms looking to gain greater clarity into where their costs are in terms of corporate travel and entertainment. Such a system can illuminate how effective travel policies are and where they can be enhanced, travel policy enforcement, and ultimately it can reduce time and money spent on travel spending.
Finance and accounting outsourcing is surging once again.
Annual contract value (ACV) for this specialized category of outsourcing is expected to grow by 15 percent to 20 percent this year, to more than $4 billion, according to the Everest Group.
This growth comes on the heels of a 15 percent increase in 2010, suggesting the market is surging once again.
In 2008 and 2009, ACV growth was closer to 10 percent, reflecting the weaker overall economy.
As the economy continues to improve and the stock market continues on its upward path, employees no doubt are wondering whether their companies are planning to restore their matches for 401(k) plans.
A new comprehensive study by Grant Thornton, however, does not shed much encouragement for workers.