Human Capital
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Salaried Employees Policy - Consistently Late or Exiting Early
In a few of our departments (I'm controller of a large local bank) we've started to have a problem of salaried employees being lax about their arrival/departure times. We don't offer flex time because of the demands of our bank, and it's only about 15 to 30 minutes either way. Most people are still…
14
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Holy Heck! Medical Benefit Cost Increases...
My company is on TriNet. Now moving aside the typical issues we have with TriNet (high fees for services you don't use), I typically find them reasonably competitive on actual medical coverage cost. I just got our 2010-2011 benefits cost estimates from them (we renew in late Q3) and I do not believ…
21
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Do your exempt salaried staff log their time in time sheets?
Does your company have salaried staff log their time in a time sheet? If not do you make them turn something in to show their use of PTO/Bereavement/FMLA/other trackable hours? How large is your company? Is it easier not to track when you are smaller (i.e. a manager "knows" the time put in) or larg…
11
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How to record and manage/keep track of Vacation and Sick time
I am new to accounting and have recently filled a position which was, before me, unoccupied. As a result, the company I now work for does not manage Vacation or Sick time. My question: How should I keep track of available/earned vacation and sick time as it accumulates (on a monthly basis)? My comp…
4
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PEOs -- is it difficult to leave a PEO once you have been with them for a while?
Why and how is it perceived to be difficult to leave a PEO? Does anyone have any experience with it or perspective?
8
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Does MBA degree help a CPA in his career?
I am studying for CPA exams, after working as a CPA for some years i would like to apply for a CFO job, will it help if I had a mba degree?
6
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Gross Up Wages on Employee Gifts
I want to asked if any one has done Gross Up Wages on employee gifts and what your policies are. We currently give out watches to employees on their 10 anniversary that cost anywhere between $2,000 - $10,000. In the past the Company did not tax the employees but we are changing the policy. If anyon…
4
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My Co-Worker Fears Me
"How do you manage the situation when your operational counterpart thinks you are trying to do their job?" This question was asked at a recent webinar, now available on-demand: "The Art (and some Science) of Great FP&A" Please add your thoughts about it below. Thanks! Kenneth Fick, CFO and …
2
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What traits do highly intelligent people have?
Stephen Covey had a wildly successful book, “Seven Habits of Highly Effective People”. It’s still successful even after his death. Those habits, when practiced, become traits of a person and how they respond to others and perform job and life functions. Let’s venture outside of being “highly effect…
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What is one piece of wisdom about life and business you would share for the next generation?
The Proformative community is great because it allows us all to develop ourselves as human beings and finance professionals much faster than if we did it alone. There is so much experience in this network of professionals to share with others. If you could share one thing about life in general and …
16
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Reimbursing Health Insurance
It has just come to my attention that reimbursing employees for their health insurance may not be allowed as of Jan 2014, can anyone confirm this for me? We have a few employees who chose to get their own health insurance rather than join the plan we offer, and we reimburse them for the cost of the…
16
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Do you have to pay someone if you contact them while they are "off the clock"?
Do you have to pay an hourly person for their time if you text/call them when they are off the clock? Example, a part-time maintenance man is called or texted on his day off about a problem at the organization and they need his advice on how to fix it. Also on emailing, if a supervisor is working l…
7
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Hired Contractors - meant to make them Temp Employees (S-88?)
Our team recently hired a few interns who were listed as contractors. However, the contractors will most likely be on-site and should be best classified as temporary employees. The only reason why we opted to list them as Contractors was because we have not developed/review a Temporary Employee Agr…
1
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What types of corporate training topics are most needed?
I'll assume (dangerous I know) that you want your employees, colleagues and peers to be not only current with changes in the landscape but to expand in areas they are not very fluent in. So what types of training is needed? What type of training (or support to obtain training) does your firm provid…
4
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How do you answer the question, “why should we hire you?”
This is a fairly common interview question, which I have often struggled with. Do you point to your specific accomplishments, try to guess their needs, keep it more general or what?
7
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How do you record wages when using a PEO
When using a PEO your workers are considered employees of the PEO and the PEO files all payroll tax returns. Since you have not directly paid wages and filed your own tax returns how do you record the payments made to the PEO on your books? It seems like you can not show wages and payroll tax expen…
1
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Should I get a Change Management Certificate (CMC)? Should you?
In the world of acronyms and titles there is yet one more to add to your business card. Not only can one get a CMA, CIA, CFA, CPA, but you can get a CMC. The CMC is something new to me. A Change Management Certification (CMC) is said to “enhance your ability to embrace and successfully manage the i…
1
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Employer Paid Healthcare Out-of-Pocket Costs... taxable?
We have a complex health insurance situation. We not only pay the health insurance premium, but we also reimburse our employees for any costs which are applied to their Out-of-Pocket maximum. We have been utilizing an HSA for these reimbursements. The problem is that I'm constantly being questioned…
1
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short term disability
I've been on leave since June 4. I've been hospitalized, intensive outpatient care, and surgery. My FMLA terminates on Aug 7, 2015. I'm currently on short term disability. I pay my monthly health premium every month. My company states that if i do not return by Aug 7, I will have to pay the company…
1
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FMLA and areas for potential abuse
We are a sub-50 person company, and are considering implementing FMLA as we are funded to grow past the 50 person level, and will likely need to implement soon regardless. Also, we generally like the ideas around FMLA, and it seems like a positively regarded benefit. Question: as we move forward, w…
4
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Employee attendance
I was curious what is the best practice in the employee attendance with one shift and many business trips over and over again?
3
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What do you think of the new CEO Pay Ratio Rule?
Here's one story on it: http://www.npr.org/sections/thetwo-way/2015/08/05/429628037/sec-to-vote-on-requiring-companies-to-disclose-ceo-pay-ratio
8
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Can Compliance officer and corporate controller functions be together in one job position?
We curently have both positions and we are thinking to make it one single position reproting to the CFO. Do you see any conflict of interests?
3
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How are you growing as a leader?
On August 5 and 6, 2015 the Willow Creek Association is having its annual global leadership summit. A partial list of the faculty includes: Sallie Krawcheck (former president of BoA’s Global Wealth and Investment Management), Adam Grant (Professor at Wharton School of Business), Ed Catmull (Co-foun…
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