Translating HR into Financial Performance
A new study indicates that companies with strong core HR practices have revenue growth that is up to 3.5 times higher than that of their peers and profit margins that are 2.1 times better. The study looked at 22 HR areas and focuses on just six with the greatest tie between economic performance and a company’s capability. These areas are recruiting, on-boarding of new hires … [ Read more ]
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subjects: Finance, Human Resources
Just Rewards
Linking incentive compensation to business unit performance can be a win-win option for managers and the organization. But crafting a workable plan requires customizable metrics and intensive monitoring.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subjects: Human Resources, Management
A Touchy Subject
In a merger or acquisition, reconfiguring benefits programs involves an array of financial challenges – not the least of which is heading off the turnover and productivity problems that might arise if employees believe valuable benefits will be taken away.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subject: Human Resources
Project ROI
The discipline of project management is dedicated to improving the odds that every undertaking is completed within a set time frame and budget and that it achieves an acceptable level of quality. Project managers must know how to apply the right balance of knowledge, skills, tools and techniques to the myriad activities required to reach the specified goals. However, many companies do not give project … [ Read more ]
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subjects: Finance, Project Management
Thinking in Real (Options) Time
How companies are maximizing the power of real options thinking without getting bogged down in complexity.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subject: Finance
The War on Financial Illiteracy
After years of avoiding financial education programs for employees due to liability concerns, many companies are forging ahead.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subject: Human Resources
Asset-Based Financing Gains Ground
CFOs in search of working capital are borrowing on assets — and discovering that doing so can offer more flexibility than bank financing.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subject: Finance | Industry: Finance / Banking
The Missing Link
Measures of value creation are effective at getting managers and executives to focus on both the balance sheet and the P&L statement. The trick is to make a value measure relevant to all employees so they manage the company’s capital as if it were their own.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subjects: Finance, Management
Looking for Risk in All the Right Places
The old adage “don’t go looking for trouble” may be good advice, but not in risk management. Periodic audits of the risks that stem from every nook and cranny of the enterprise can provide a competitive advantage.
Content: Article | Author: Joanne Sammer | Source: Business Finance Magazine | Subject: Risk Management