"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.
Tag >> career/management
The good: CFOs think the economy is on an upswing. The bad: They also believe the Japan disaster will impact the US. The ugly: More of them than before plan to raise prices. The uglier: Even as CEO pay soars, most other employees can't expect the same for their compensation.
That's according to a biannual survey of CFOs conducted by Grant Thornton. It questioned 318 CFOs and senior comptrollers, 59 of whom were from the Northeast.
Corporate boards still are overwhelming dominated by white males, despite years of efforts to change the situation.
But a new study shows that, between 2004 and 2010, women and minorities also overall have lost ground when it comes to board representation.
The C-suite may be enjoying a compensation bumper crop, but the same can't said for everyone else. And that could be causing widespread employee preoccupation with money worries--and productivity losses.
In other words, if you have the feeling your employees are distracted, that's because they probably are. And they're worried about finances-their own, not the corporation's.
More moves in the say on pay arena. Looks like the AFL-CIO is making a big push, trying to motivate shareholders to take part in votes on executive compensation this season.
The ultimate goal, of course, is to voice discontent over executive pay. And in fact, as more and more proxies reveal evidence of significant increases in CEO comp, this year is shaping up to be a good one for using say on pay to curtail C-suite pay.
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.
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.
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.
It's all about jobs.
With the official unemployment rate up to 9.8 percent and the unofficial rate as high as 15 percent or so, policy makers are talking the talk at least about how jobs are the number one priority.
Does it really make any difference if there are more women on boards?
A study from Heidrick & Struggles and WomenCorporateDirectors of 400 directors indicates the answer is "probably", at least if you're talking about attitudes towards a number of important issues. On the one hand, it found that men and women directors respond in much the same way to some key topics. At the same time, there are a quite a few notable issues where male and female directors most definitely seem to be on Mars and Venus.
Posted by Stephen Taub in tax services senior managers, tax accounting managers, senior tax accountants, Senior financial analysts, Senior compliance analysts, senior auditors, senior auditors, salary, Robert Half, financial analysis managers, Finance, careers, career/management, business analysis managers, Accounting
The unemployment rate may be stubbornly stuck above 9 percent and workers in most professions are afraid to ask for raises and feel like they are doing a lot more for the same pay.
However, this is not the case with accounting and finance professionals. According to Robert Half International's 2011 Salary Guide, starting salaries in these fields are expected to rise an average of 3.1 percent in the coming year. Business analysts, tax accountants and financial analysts are among the professionals projected to see notable increases.
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