Performance evaluations are a central management tool intended to reinforce job expectations, measure effectiveness, provide opportunity for discourse, and identify areas for improvement. On the other hand, they’re often seen as year-end rituals involving angst-ridden meetings with nebulous checklists and scoring systems.
A survey by Robert Half highlights the discrepancy between how effective CFOs find performance reviews and how effective workers find them. Ninety-four percent of financial executives considered these meetings valuable, compared to 62 percent of workers. What’s more, the percentage of professionals in general calling the discussions ineffective outnumbered CFOs by approximately six to one.
As the economy gains speed, finance leaders find themselves at the center of the action: They’re the key players in designing strategic growth agendas to lead their organizations toward more fiscally sound futures. What best practices are today’s financial leaders adopting?
In Finance with Foresight, a white paper from Robert Half Management Resources, more than 200 finance executives in the United Kingdom shared how they deliver strategic guidance and use critical thinking to make top-level, wide-reaching decisions that can boost the bottom line. While the research is UK-based, it is widely applicable to North American organizations.
Here are five tips we’ve distilled from the report to help you and your finance team offer more targeted strategic guidance for your organization.
Senior Vice President Daniel DeNisco helps to provide senior-level accounting and finance professionals on a project basis for Robert Half Management Resources. But for the third year in a row, he’s stepping away from his desk and putting down his cell phone (or at least putting it on mute) to take the stage.
Dan is a featured panel moderator at the 2014 MIT Sloan CFO Summit, a premier chief financial officer (CFO) event, coming up this Thursday, November 20, in Newton, Mass. I had the pleasure of working with Dan as he prepares for this year’s theme: “The Future Forward CFO.” The conference will explore topics including financial communications and the dangers and demands of digital data. (Robert Half Management Resources is also a silver sponsor of the event.)
New England Coffee,
People Driving Profit,
MIT Sloan CFO Summit,
The growth of chief financial officers’ influence within their organizations shows no signs of slowing down. In a recent Robert Half Management Resources survey, 85 percent of CFOs said their roles have broadened beyond accounting and finance over the past few years. Respondents cited human resources (HR) and information technology (IT) as the areas where their roles have expanded into most during that time.
When you think about year-end planning, you might be concentrating on taxes, payroll, or closing the books. But there’s another part of your year in review that’s equally as important: self-evaluation.
Now is the perfect time to assess where you are, audit where you’ve been, and prepare for where you’re going next. No matter where you are in your career, taking stock of your accomplishments to date will benefit you in many ways.
Whether you’re interested in landing a job as a business analyst or you’ve already got one and want to advance your career, getting certified is a great way to pull ahead of the pack. But which certifications are most beneficial? What kind of benefits can you expect to gain from pursuing these credentials?
Read on to learn more about business analyst certifications that can help you get ahead.
American Software Testing Qualifications Board,
International Institute of Business Analysis,
Project Management Institute
Companies are seeking new ways to cut costs and improve efficiencies, especially when it comes to routine operating functions. CFOs or controllers tasked with evaluating internal processes and spending have likely faced the decision of whether to outsource or use shared service centers as a means of streamlining operations and reducing expenses.
How can you decide which option is best for your business? Here are some tips.
Financial Executives Research Foundation
What are the top priorities for CFOs and finance professionals heading into 2015? Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), and Protiviti have identified them and will be presenting the results of their 2015 Finance Priorities Survey in a complimentary webinar Tuesday, Nov. 11.
The event will feature insights from Protiviti managing directors Ryan Senter and Peter Firestone and FEI director of research Bill Sinnett. These experts will discuss trends identified by the research, including:
- Greater visibility toward the cash horizon
- Increases in quantity and quality of analysis
- The hard value of soft skills
- Challenges in finding highly skilled talent
Financial Executives International,
Financial Executives Research Foundation,
Senior accountants are in demand. In fact, the 2015 Salary Guide from Robert Half reports senior accountant is one of the most sought-after positions. So, if you're looking to make a career move or this is a consulting career path you’ve been mentally kindling, it might be time to fan those flames.
But first, you should know what to expect, as well as what will be expected of you.
Companies know they can count on financial consultants to bring their “A” game while their assignment is in progress, but what happens to all that expertise when the project ends? How can companies guarantee a consultant leaves a legacy of knowledge behind?
Below are four strategies businesses can use.