As consulting CFOs who have led and participated in countless strategic planning sessions over the years, we have experienced first-hand the value that effective strategic planning brings to business. Strategic planning is a vital activity that helps an organization assess the state of its business, market, and resources. It determines priorities, identifies operational gaps, and …
15
Oct
Oct
Year-end recruiting and staffing actions typically involve less of the mandated reporting and administrative activities that are common hallmarks of other functions like finance and accounting. Even so, CEOs and those concerned with attracting, landing, and retaining key talent for an organization should view it with the same level of importance. Below, we dive into …
03
Oct
Oct
Some form of the question, “Do I need a CFO?” surfaces in the course of conversation at a very high percentage of the lunches or professional events our vcfo consultants attend with business leaders. It’s a pivotal and not surprising question for CEOs to struggle with, especially when they have solid controllers and accounting managers …
24
Sep
Sep
The strategic role of Human Resources and the understanding of same is mission critical to a CEO and the Board. Over the years, HR has changed from a “personnel/paper pushing” department to a department that can add value which translates to company savings that can drop to the bottom line. Allowing HR to have a …
06
Sep
Sep
Five HR Pitfalls to Avoid After a Merger or Acquisition In a previous post, we examined the important topic of The Roles HR Can Play During Merger and Acquisition. When effectively leveraged, HR instills confidence and calm in leaders and employees that all bases are covered in this time of transition. But HR’s role doesn’t …
23
Aug
Aug
Are Your Job Descriptions Attracting the Right Talent? In virtually every geography where we work with companies to make them stronger, the story is the same when it comes to finding new employees that fit their organization’s talent needs. In short, it’s becoming tougher and tougher to attract capable candidates. Scanning but a few of …
15
Aug
Aug
By Teresa Foltz and Kelly Wells Originally published August 5, 2019. Paid-sick-leave mandates for private employers continue to gain momentum across the United States. While there is presently no such mandate at the federal level, eleven states and even more individual cities (as of the date this post was published) have enacted some form of …
07
Aug
Aug
It’s common for decision makers in growing companies to mentally survey their finance and accounting technology stack and realize that most of the information they receive originates from Excel or other disconnected applications. They also often conclude that most of their internal control points are similarly Excel-based, or at least managed by people that are …
23
Jul
Jul
Retention 101: Benchmarking Employee Compensation People power businesses and labor costs typically represent a company’s highest expenditure. It’s imperative that employers understand how their respective job roles are valued in the market and how that compares to their own compensation practices. Employers reach this understanding through the practice of compensation benchmarking. Also referred to as …
25
Jun
Jun
Cybersecurity attacks like spear-phishing scams are all too real. I have personally seen three near misses in the last year and want to share them with you, and encourage vigilance and proper protections. Businesses and leaders that do not act with a proper sense of vulnerability put themselves at great risk. Everything Seemed to Be …