As you’re looking at creating salary budgets for next year, you should know what your peers are planning so your company can stay competitive in the war for talent. New research shows that nearly half of employers plan to increase their salary budgets for 2023, and that’s backed up by several surveys and analyses. Latest […]
To effectively fight inflation right now, optimization of your company’s working capital needs to be top of mind. “You don’t want to overlook profits or ignore profits, but it’s really all about cash. Cash is something [that] once you spend it, you can’t unspend it,” said consultant, author and former CFO Carl L. Young during […]
Economic unpredictability may be giving senior leadership and shareholders second thoughts about your 2023 budget priorities. Here’s what some experts are saying about the approaches your peers may be taking with their 2023 budgets, which can give you some budgeting insight as well. Enhancing the tech stack When prices rise and purchasing power decreases, that’s […]
You know from experience that controlling costs and increasing profits for your organization takes more than just creating a budget, regularly analyzing it for variances in projected vs. actual spending, then making adjustments. You may have tried shopping around for new suppliers, renegotiating vendor contacts, adjusting production levels, re-evaluating your real estate profile or even […]
As you make strategic decisions in the coming days on what employee benefits your company is going to present at open enrollment, a package appealing enough to retain employees has to be just as top of mind as controlling costs. An employer health and benefits strategies survey by Mercer indicates that 70% of your peers […]
Employee accountability in your organization is crucial when it comes to compliance with company policies and procedures, as well as keeping pace with revenue and performance goals. However, if you start talking about employee accountability in a meeting, you may see some people cringe because they associate it with assigning blame for not meeting expectations, […]
If you’re having trouble finding new Finance talent, you aren’t alone: 88% of managers said it’s been challenging to find skilled professionals during the Great Resignation, according to new research from Robert Half. And the competition’s also never been as fierce: 46% of companies are looking to hire permanent staff between now and the end […]
If you’re like a lot of companies, your most recent audits of productivity and process efficiency may have shown signs that your Finance staffers are under increased pressure to handle more tasks in less time – and with fewer resources – as you set goals for higher company revenues. Besides automating A/P, A/R, payroll and […]
Mergers and acquisitions (M&A) and improving sustainability are the first areas your peers are looking at when it comes to cost control cuts, according to a recent Gartner survey of CFOs and CEOs. In a press release, Randeep Rathindran, vice president of research in the Gartner Finance practice, said cost control cuts in M&A makes […]
