Blog Entries tagged 'careermanagement' Blog Entries tagged 'careermanagement' Tue, 22 Jan 2013 12:33:55 +0100 FeedCreator 1.7.2 CFOs expect to raise prices, but not employee pay

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.

Specifically, 48 p [...] Wed, 15 Aug 2012 23:00:00 +0100 prices Japan economy CFO CEO compensation career/management Corporate boards: Still a white male club

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.

White men added 32 corporate board seats at Fortune 100 companies, while African-American men lost 42 and women saw a meager gain, according to a study by the Alliance for Board Diversity, a group of five organizations [...] Thu, 05 May 2011 23:00:00 +0100 Fortune 100 corproate boards career/management board seats Employee concerns about finances are hurting productivity

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.

What's more, higher-paid employees are more stressed out than lower-paid c [...] Tue, 26 Apr 2011 23:00:00 +0100 productivity expenses employees compensation career/management The AFL-CIO's push to vote against CEO pay

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.

To that end, the AFL-CIO's Richard Trumka recently [...] Thu, 21 Apr 2011 23:00:00 +0100 CEO compensation career/management AFL-CIO Why executive compensation needs non-financial incentives

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.

The professors, who presented their views in a Knowledge@Wharton article , aren't saying that financial incentives don't work. For exa [...] Thu, 31 Mar 2011 23:00:00 +0100 financial incentives compensation career/management Poor manager training, cluelessness could cause employee defections

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.

Top challenges included such problems as deal [...] Tue, 29 Mar 2011 23:00:00 +0100 managers employee loyalty career/management bosses Time and technology worry CFOs the most

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.

What's more, previous studies done in 2006 and 2001 show that these areas have been top-of-mind-challenges for quite a while.

The research asked CFOs, "In your opinion, which one of the following is the greatest challenge for financial executives [...] Thu, 24 Mar 2011 23:00:00 +0100 time management Technology financial executives CFOs career/management Number of job openings surges to 3.4 million

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.

Democrats want to further extend unemployment insurance for the chronically unemployed and some observers are wondering what it will take for companies to spend their vault full of cash, which sits at the highest level in half a century.

What few peop [...] Thu, 09 Dec 2010 23:00:00 +0100 unemployment jobs joblessness careers career/management Bureau of Labor Statistics Women on corporate boards: More open to change than men

 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 [...] Wed, 13 Oct 2010 23:00:00 +0100 risk management directors corporate boards compensation career/management boards Accounting, finance starting pay to rise 3.1 percent

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 amon [...] Mon, 11 Oct 2010 23:00:00 +0100 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 link between compensation and successful M&A

Most mergers and acquisitions fail to meet the companies' original goals for the transaction. But it seems that one crucial factor contributing to success is the compensation and benefits programs the parties use.

That sounds a bit like a no brainer, but apparently, it's something many companies ignore.

In fact, according to a new study by Hewitt Associates of 103 companies around the world, there's a clear link between how compensation is handled for all managers, n [...] Tue, 05 Oct 2010 23:00:00 +0100 retention mergers and acquisitions compensation career/management Fourth-quarter hiring in finance could pick up

Seems the employment outlook for jobs in accounting and finance is looking up ever so slightly.

Eight percent of 1,400 CFOs surveyed by Robert Half International plan to hire full-time accounting and finance employees in the fourth quarter, while 7 percent anticipate reducing staff. The net, of course, is a 1 percent increase. While that's not exactly a number to get very excited about, it's the first net increase since the first quarter of 2009, according to Robert Half.  [...] Wed, 15 Sep 2010 23:00:00 +0100 hiring career/management accounting and finance jobs Keynes' biographer skewers deficit hawks

This piece published today by Project Syndicate is as insightful a critique as I've seen of the consensus that has emerged among policymakers that government deficits must be cut to restore economic growth.

Not that we haven't taken a stab at that ourselves.

But Skidelsky has authored a biography of Keynes, so he knows the economics here a whole lot better than we do and can put them into language that strikes much closer to home.

The writer, who also happens to be a [...] Tue, 17 Aug 2010 23:00:00 +0100 recovery recession Obama Administration government finance global economy Federal Reserve Fed economy ECB demand default career/management JetBlue worker, productivity and Chinese suicide

The JetBlue flight attendant who flipped out on the annoying passenger and then slid down the inflatable slide, beer in hand, has become something of a celebrity or folk hero on the internet, including Facebook, where several pages have been created devoted to the individual.

However, as many people enjoy their cathartic glee, employers besides airlines should be taking notice, especially on a day when The Labor Department reported an unexpectedly big drop in productivity in the s [...] Mon, 09 Aug 2010 23:00:00 +0100 productivity jobs job dissatisfaction Cash careers career/management IPO market continues to improve

The IPO market continues to rebound. A total of 10 companies went public in July following 12 the prior month.

Altogether, there have been 74 IPOs, year-to-date, through July, up nearly 370 percent from the prior year, according to Greenwich, Ct.-based IPO research firm Renaissance Capital.

Granted, the year-to-date total is still well below the peak of 262 IPOs that went public in the first seven months in 2000 during the height of the dot-com boom, according to Renaissance Capit [...] Wed, 04 Aug 2010 23:00:00 +0100 IPO pipeline IPO career/management Dodd-Frank punts on separating chair, CEO

The Dodd-Frank Act may have gone a little further on some issues than many people had anticipated. But one potential issue that did not see meaningful change is the separation of the chairman and CEO functions.

The Act requires that the SEC issue rules requiring each public company disclose in its annual proxy materials the reasons why the company chose to have either the same person, or separate people, serve as the Chairman and CEO.

However, the Act does not bar combin [...] Mon, 02 Aug 2010 23:00:00 +0100 Dodd-Frank corporate governance CEO career/management board chair To amortize or not to amortize

Employers with underfunded defined benefit (DB) pension plans can receive billions of dollars in temporary pension funding relief as a result of legislation recently signed into law, according to a new analysis by professional services company Towers Watson.

Under the Preservation to Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, employers can elect to amortize funding shortfalls for any two plan years between 2008 and 2011, over a 15-year period, or make int [...] Mon, 02 Aug 2010 23:00:00 +0100 defined benefit plans career/management amortization Time for yet another reorg?

Four out of five organizations, mostly large corporations and some non profits and governments, have gone through some sort of redesign initiative over the past 12 months, according to a survey of more than 400 programs by 260 such organizations by the Corporate Executive Board. Trouble is, more than half of these organizations expect to go through another major redesign over the next 12 months.

While 90 percent of those organizations reported hitting the cost-cutting targets after one [...] Thu, 29 Jul 2010 23:00:00 +0100 restructuring reorganization career/management How CFOs can ease the transition into a new job

Last year, 13 percent of chief financial officers changed jobs. Although this was down from 18 percent the prior year, Deloitte's CFO Programs predicts CFO turnover will rise again this year.

The ramifications of turnover are huge. Tom Bonney, founder and managing director of CMF Associates, which offers temporary CEO, COO and controllership services, estimates that when a CFO leaves, efficiency in the finance department is automatically cut in half and exposure to risk increases. W [...] Sat, 24 Jul 2010 23:00:00 +0100 turnover transition CFO career/management CFOs make good CEOs: survey

The need for a chief executive to work with boards and communicate with Wall Street has never been greater, and CFOs have experience in both those areas--making them excellent candidates for the top spot in an organization.

Companies are increasingly recognizing the value of this internal asset and promoting their CFOs to CEO, according to executive search firm Russell Reynolds' Chief Financial Officer Moves North America, Q1 2010.

Currently there are some 50 CEOs in the Fort [...] Tue, 20 Jul 2010 23:00:00 +0100 CFO turnover CEO career/management