article thumbnail

Conference Board Announces CEOs Plan to Increase Wages by a Minimum of 3%

HR Digest

In an earnings call on Tuesday, UPS CFO Brian Newman reported that the company decreased compensation and benefits by $205 million in the second quarter by eliminating 2,500 managerial positions annually. At a Tuesday earnings call, Donald Bassell, CFO of ARKO, a convenience store operator, reported that personnel costs had increased 6.5%

article thumbnail

Technology Literacy Will Determine a CFO’s Success

HR Digest

The one thing that will majorly influence the fate of CFO aspirants is their tech skills. According to a Gartner survey of 173 CFOs in November 2020, digital investments topped CFO agendas. Being comfortable with data, technology, and cross-disciplinary collaboration was crucial to the success of CFO candidates.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Executive Hiring For a P.E. Portfolio Company – Tangential Opportunity

N2Growth Blog

This series’s final part will balance needs with compromises, float tangential opportunities to expand horizons, and extricate from myopia on that elusive ‘unicorn’ management candidate. The CFO candidate might get by with only a broad sector experience in manufacturing, finance, or technology.

Execution 388
article thumbnail

3 Telltale Signs It’s Time to Rethink Your Executive Team

Leading Blog

As Darrell explained: I am planning to centralize a few things. As one anonymous Fortune 500 CEO shared: My CFO started well. However, following several acquisitions in 2018 and 2019 and rapid growth during the pandemic, he defined a new set of goals that required a higher degree of coordination and centralization in his team.

Execution 321
article thumbnail

Paycor CFO Survey: The State of American Business in 2021

Here are some examples of what we found: 86% are concerned about mental health, but very few have a plan. Finance leaders are more confident in their ability to manage change. Paycor surveyed more than 2,000 Finance and HR leaders about the state of American businesses. HR is more bullish on both the short- and long-term.

article thumbnail

Leading by Cause

Lead Change Blog

In their CFO Magazine piece, “ How An Obsession with Metrics Is Killing Your Company ”, authors Alexander Van Caeneghem and Jean-Marie Bequevort , write, “The quest for financial performance and the pressure to measure can corrode organizational cultures, narrow the focus of leadership, reduce intrinsic motivation, and support unethical behavior.

P&L 220
article thumbnail

The Benefits of a Chief Transformation Officer for Growth

N2Growth Blog

While our clients focus on strategic planning, we place a great deal of our focus on the board advisory and strategic alignment with the execution of their needs. Anyone occupying the Chief Transformation Officer role must have a vital stakeholder management skill and cross-functional background instead of other more specialized executives.

CTO 384