The CFO'S Perspective

What Really Matters to Improve Employee Retention

With current unemployment rates remaining at historical lows, businesses around the Northwest say their number one challenge is finding and retaining employees. For a business with an existing team, it is vital for them to retain their employees and increase engagement.

Not only are the costs of finding, hiring, and training new employees (if you can find them) high, a team of passionate employees often leads job seekers to your company. Investing in the happiness of your existing team will generate a big return on your investment.

Topics: Hiring HR Leadership

Planning for Next Year's Raises in Today's Competitive Business Environment

With full nationwide employment, pricing pressure on materials, and generally modest revenue growth, how do you plan or budget raises for your employees? As you create next year's budgets and update your strategic plans, you also need to take several vital steps.

These include looking at the big picture, understanding and limiting your risk, getting help if you need it, and utilizing a financial planning tool to provide the right raises to retain and attract talent.  This may seem like a tall order, but a systematic approach will help your organization achieve its staffing and budget goals.

Topics: Planning HR Budgeting Salaries

Developing Appropriate Salary Raise Levels for Your Business

A CFO is responsible for budgeting and accurate cash flow projections. While not necessarily an HR expert, the matter of salaries and raises is an area that a CFO must navigate in collaboration with the company’s HR team. We are sharing our thoughts on this area from a CFO’s perspective.

Topics: Economic Trends HR Budgeting

Solutions for Issues and Concerns When Conducting a Confidential Search for a CFO

A changing of the guard in a company's top position is a dramatic change for any business, but getting a new CFO is a close second. As with any executive transition, there may be several reasons for the shift. You may be a small company that has just now decided it's time for a CFO, have an executive who is nearing retirement, or has a legitimate issue that prompts the need for a change.

No one likes uncertainty, so it's best to approach a CFO change with as much caution as possible. There are some telling signs that it's time to launch an executive CFO search, as well as advantages and disadvantages to conducting a confidential search for a CFO. Your company may want to consider an interim position, as well as enlisting the help of a financial consultant during this process.

Topics: Recruiting Search Services CFO HR

How to Hire the Best Office Staff - Recruit with Confidence

The employees in your company's office can make or break the business. They are often on the front line delivering customer service or managing critical information. Hiring highly talented and skilled individuals who will fit well into a company culture can seem almost ‘impossible’. When short staffed or during rapid growth, it may be tempting to hire almost ‘anyone’ as quickly as possible. This is usually a mistake because of the extra costs of carrying ‘dead wood’ on the payroll. The good news is that many office and administrative support occupations often require only a high school diploma with some specialized skills to qualify.

Topics: Recruiting Hiring Staffing HR Leadership