Tips for Employee Retention and Turnover Reduction in Today’s Competitive Market

As competition for finding and keeping great employees gets tighter, employers must evaluate how competitive they are in this area. Once you have developed a phenomenal strategy for attracting excellent employees, how do you keep them from being lured away by a competitor? Below is part one of a two-part series listing ideas and suggestions …

Processes and Systems Save the Day

In an earlier post, “Do you “really” know your financials?”, you might remember the story about how the company thrived and managed their risk so as to not be significantly threatened by the recession. There is more to this story when you look “under the covers” of what really went on… A key element of …

It’s All About the Networking

It doesn’t seem like a day goes by where I hear this comment from a candidate, “I sent in my resume and I felt I was pretty qualified, but I didn’t hear a thing back. Not even a rejection letter.” This is all too common today to have candidates send in a resume only for …

The Top 10 Points to Consider When You Outsource CFO Services

As trusted advisors to CEOs and management teams, vcfo relies on a unique platform of industry best practices and proven methodologies to help solve the most complex operational business issues. Based on our experience working with more than 3,000 clients, we’ve developed a “Top 10” list we share with organizations looking to outsource CFO support. …

The Platinum Rule of Hiring

OK, so I changed it from Golden Rule to Platinum Rule because I feel this is one of the most valuable aspects of hiring…STOP TALKING! How many times have you gone into an interview and the interviewer did most of the talking? Telling you all about every great aspect of the company, the position, the …

Exiting Your Business?

Having worked with a substantial number of privately held companies in the past, the topic of ultimately selling the business is one that typically comes up when the owner is starting to think about retirement. In fact, however, the preparation for this ultimate event should have probably been started years and years ago. Be that …

New Form I-9 Released

On March 8, 2013, USCIS released a new Employment Eligibility Verification Form I-9. Employers should begin using the new Form I-9 with revision date 03/08/13 immediately for all new hires, as well as for reverifications or rehires. The revision date is on the lower left of the new form and looks like this: (Rev. 03/08/13)N. …

Great Internal Systems = Reduced Risk = Proactive HR & Accounting Departments

When was the last time you took a good look at your internal software systems? As a human resources consultant, I frequently talk to companies that say they are not happy with their current payroll or HRIS (Human Resource Information System). They complain about: no reporting or insufficient reporting, too much time spent on data …

Recruiters vs. Job Boards

In today’s market, everyone is looking at ways to cut costs. Many companies see keeping recruiting in-house to be a manageable way to reduce spending. It’s simple, right? Just go ahead and plug in a job description to Monster, Craigslist or CareerBuilder, and voila, you’re instantly overwhelmed with résumés  from experienced, qualified people from which …