CFOs trying to mitigate the effects of the Great Resignation on their workforce may want to reconsider their compensation and benefits strategies – especially in light of inflation. As new Gartner research shows that many of your peers plan to take a conservative approach to salary adjustments due to inflation, additional data from the Pew […]
Instead of investing in a new bonus or incentive program, maybe the solution for the Great Resignation is meaningful employee recognition. A survey of nearly 6,000 workers and HR leaders by Achievers Workforce Institute concluded that employee recognition is an even bigger driver of employee engagement, productivity and job commitment than good compensation. Almost two-thirds […]
Many of the vendors you work with may be among the more than 2,300 U.S. businesses that accept the cryptocurrency bitcoin, according to a report from Deloitte. There may be even more businesses exploring cryptocurrency right now because, unlike cash, it’s not subject to devaluation from inflation. For A/P transactions, virtual currencies and blockchain technology […]
The hybrid work environment has many companies re-evaluating the cost-effectiveness of their real estate strategy. You may have noticed a major shift in work patterns in some industries: more telework and less five-day, in-person work environments. As a result, office spaces are being used differently than they were before 2020. Only 5% of workers are […]
A workcation – also known as “bleisure” travel – is when employees extend their business trip plans to enjoy sightseeing and other recreational activities. Allowing it is a good way to boost morale and encourage more employees to hit the road on company business, according to Dr. Jim Castagnera. In fact, 43% of business trips […]
Your Finance team, particularly staffers from other departments that have been assigned Payroll tasks, may still be adjusting to Tax Cuts and Jobs Act changes that went into effect in 2020. For instance, there are now six worksheets that take the place of federal tax withholding formulas. Each of those worksheets has its own table […]
Supply chain financing has become popular among businesses like yours, and the Financial Accounting Standards Board (FASB) has taken notice. A new rule approved by FASB’s board on July 20 means you’ll have to disclose information on any supply chain financing programs that you’re enrolled in. According to FASB, the rule was proposed in December […]
To prevent rising interest rates from taking a bite out of the bottom line, your peers could be considering an interest rate hedging strategy in order to keep the rates low on variable-rate business loans and stabilize cash flow. Because higher interest rates increase the cost of borrowing money, it can result in postponement of […]
With inflation’s impact on the costs of raw materials, commodities, labor and shipping, trying to control costs at your organization may feel like you’re climbing up a downward-moving escalator. But even with higher supplier prices across the board, it’s possible to fine-tune your strategy to control costs. A good first step is to ask your […]
