Recruiting, retention, and rewards programs… it’s all many executive leadership teams can think during this period now dubbed ‘The Great Resignation’. But what can you actually do about it to set your business up for success? While employee retention is very much people-focused, the right strategy for your business must be a combination of both …
11
Aug
Aug
Overcoming Labor Shortages in the Oil and Gas Industry The U.S. oil and gas industry has remained resilient through continued market volatility and tough-to-predict booms and busts – even through the compounding wake of COVID and other recent market disruptions. From 2014-2019, swings in oil prices negatively impacted more than 3,000 exploration, production, and oilfield …
22
Jul
Jul
ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). It includes significant departures from its predecessor (ASC 840), applies to both lessees and lessors, and will have far-reaching impacts on many businesses. These impacts will include major changes to accounting practices and financial reporting, as well as increased …
15
Jul
Jul
Improving Access to Capital for US Oilfield Services Companies For small- to medium-sized oilfield services companies in the United States, the financial impacts of the pandemic, competitive pressures, and a range of recent disruptors have made it incredibly tough to stay healthy. While the peak of the pandemic may be behind us, those oilfield services …
12
Jul
Jul
Business leaders, investors, and market watchers are increasingly concerned about the possibility of an economic downturn in the relatively near future. These concerns are further inflamed by the repetitious coverage of the topic by media. Parts of the economy may already technically be in a recession. In turn, these factors are fueling rising concerns and …
08
Jul
Jul
Running a business requires a focus on many external forces, such as market and consumer behavior changes, labor markets, cost and pricing adjustments, capital needs, and more. Internal resources are best utilized by making sure the right people are in the right roles, systems are being properly utilized, and processes are as efficient as possible. …
23
Jun
Jun
Using Competitive Insights to Optimize Operations in Times of Uncertainty The country is experiencing economic uncertainty. Whether you believe a recession is imminent or overblown media hype, the potential only makes the importance of tightening up operations more important. It’s never a bad time to reassess and implement improvements. Optimizing operations now will put you …
16
Jun
Jun
DE&I Implementation – Good Intentions vs. Strategies that Drive Results The vcfo team regularly meets with leaders to understand their business challenges and opportunities and how we can help to navigate them successfully. Our conversations are usually broad and focus on the why and how of their businesses. These interactions often lead to discussions about …
01
Jun
Jun
This article was co-authored by Teresa Foltz, vcfo Houston Senior People Operations/ HR Consultant, and Paul Hagerty, vcfo Dallas Senior People Operations/ HR Consultant. Outsourcing HR – 8 Benefits of Virtual or Fractional HR Leadership Employees have always been a company’s most important asset, but the events of recent years have driven that point home …
30
May
May
Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. He is particularly skilled in oil and gas accounting, financial reporting, structuring finance and accounting functions and processes, financial modeling of capital …