Best Practices for Establishing a Compensation Strategy & Philosophy How a business approaches employee compensation plays a very important role in shaping the success of the business itself. For some, the approach to compensation can be rather organic or undefined, stemming from roots established in the company’s earliest days or from leaders following individual viewpoints …
Tag Archives: hiring
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 …
19
May
May
Rethinking Employee Benefits to Attract and Keep Top Talent Employers continue to struggle with finding and retaining employees as unemployment is still near all-time lows and the Great Resignation rolls on. To address these challenges, one area that employers need to closely examine is benefits, specifically their total benefits package. One’s total benefits package spans …
31
Mar
Mar
Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. It’s important to ask the right questions to set the relationship up for success. Through our work providing teams of CFOs, controllers, and HR …
08
Oct
Oct
This post is co-authored by Kelly Wells and Teresa Foltz. Many elements go into the formula for attracting, retaining and developing the right talent for your organization. In assessing how you’re doing across each of these elements, one of the questions you’ll undoubtedly want to explore is “What kind of long-term incentive plan should our …
24
May
May
Changing work environments are a “…brand new competitive element.” Ellen Wood, vcfo President & CEO, was recently featured in the Wall Street Journal. Read the article, As Amazon, McDonald’s Raise Wages, Small Businesses Struggle to Keep Up, here.
08
May
May
In coping with the impact of COVID-19, business owners have had to make incredibly tough decisions– perhaps none more so than when they’ve had to furlough or lay off employees. Now, as some businesses begin to stabilize and widen their eyes to the longer term, new anxieties are creeping in. For many, this includes wondering …