Human Capital
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Performance Evaluation Best Practices
I was curious to gain some insight as to what others use as annual reviews and maybe share some best practices. I have seen annual reviews based on performance, based on peer reviews (360 Evaluation), based on behaviors etc. What do you all find is the best method to provide the most meaningful fee…
8
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Toshiba to cut interim CEO pay by 90 percent on accounting scandal
Reuters (http://reut.rs/1ez4glb) is reporting pay cuts for the CEO and other senior executives as well as saying they will on-board more non-company Board members (especially lawyers and accountants). Is this enough to instill confidence in the marketplace?
4
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Terminable Offense
Would you terminate an associate who makes two significant errors within 6 months causing monetary loss as a result of "forgetting" to do something? This person has been with the company for 4 years, if that matters. As CFO, if we make mistakes of that caliber wouldn't we be expected to resign?
24
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How does your organization determine salary raises?
We're to a point now where we are too big not to have a formal raise policy in place (over 100 employees), as employees and managers start to complain about the lack of clarity and inability to point to a policy about raises. We do have an informal guidance of 3-6% annual raise depending on perform…
6
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One department is allowed to take excessive vacation. How do we handle inequalities?
We are a small, 12 person start-up that is developing a breast cancer detection device. This device relies on a robotic mechanism and software. Of the 12 employees, 6 are software engineers. In January we added two software personnel and both have recently taken almost a month long vacation. Our po…
1
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Looking for suggestions on negotiating Compensation/Benefit package for new opportunity
I am in the process of being courted by a former employer to head up the finance function of a new company. The role would be a mix between controller and CFO and entail building everything from the ground up. The group is buying an already existing company with plans to leverage their experience a…
4
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Overtime policy for exempt personnel
Can I pay select exempt personnel overtime pay without paying overtime to all exempt personnel. In this case I want to pay time and half to key exempt maintenance supervisory personnel for time worked above 50 hours in a week while not paying this to other supervisory exempt personnel such as quali…
4
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Help recent college graduate decide which career path would be best
I recently graduated from a top university with a double major in accounting and management & human resources. I was able to graduate with 133 credits. My plan was to get a job working in either public or private accounting and over the next few years I'd take classes to get the remaining 17 cr…
15
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The Consistent Inconsistency
An article on the FEI website talks about how the CFO's of today, definitely tomorrow need different skill sets than 15 years ago. If that is the case, and I agree with Mike Kovar, the author of the article, why are companies listing the same old job requirements? http://daily.financialexecutives.o…
6
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Any experience with Vanguard as small business 401K (or Ascensus recordkeeping)?
I am just starting to look at establishing a 401(K) plan (under 20 people). Does anyone have experience with Vanguard as a small-company 401(K) provider, or Ascensus 401k reviews as their record keeper (Vanguard uses them)? I will also look into the recommendations from the April-2009 thread "Lo…
7
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Salaries for companies under 5 million in revenue
Hello all: We are in the process of reviewing salaries and are trying to figure out market rate for a few key positions. The issue is that the market rates I can find on sites such as GlassDoor,com. Salary.com and indeed.com seem to be market salaries for large public companies with much larger rev…
10
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Is the end of service calculation the job of the accountant or the HR? (since it's similar to the payroll prepared by the HR)
To be clear it's not an end of service indemnity. In our country, companies do not pay EOS indemnity for leaving employees. The End of service includes only the cumulative salaries and any other expenses due to the employee that are not paid yet if any, the annual leaves, the salary of the notice p…
1
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Does your company have a policy regarding your employees' employment outside the company?
Some companies do not allow employees to hold jobs outside of their current full-time employment, some do. What kind of policy do you have in place for this? Does it depend on the employee/the other job/their position?
6
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Does a job title matter?
I was recruited for a CFO position which morphed into a Director of Finance position at the time of the offer. Reasoning relates to the risk/size/ownership of this small ($75MM) financial services company. There are no VP titles in the Company and they are reluctant to change their structure given …
25
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Controller for Portland, OR
We are in need of a controller with system implementation experience for a postion in Portland, OR. The position may only be a 6-8 months and then we may ask the role to transfer to Chicago. Does anyone know of decent mid level firms in Portland to use? This requires some flexibility, which is goin…
6
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Company switched to PTO and took away amount of vacation time that was given at hire.
My husbands company switched from vacation time/sick time to PTO. He was given a total of 4 weeks of PTO. However, when he was hired (and it is in writing) he was promised 4 weeks vacation time plus sick time. Does he have a legitimate right to have increased PTO days to compensate for the guarante…
4
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Commissioned only / W2 employee / CA
I am commissioned only, W2 employee... & my job does not involve any sales. I do the processing of clients paperwork for debt related settlements or bankruptcies & want to know if this type of work justifies bring paid commission only. We are required to be at our desk for 8 hours, clock in…
2
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CFO Interview
Hi I am interviewing for a CFO position with a private medical practice. Is it appropriate ask questions about annual revenue.
13
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Can I receive Incentive bonus if I resign on Feb & official termination on end Mar ?
My company normally pays the incentive bonus based on performance of Jan-Dec on 20-30th March of the next year. The IP payout will be sent to employee to confirm the IP amount on 10th March. In guidelines, it says "Termination: The Participant will only be entitled to an Incentive Payment if they a…
4
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What costs are included in an FTE rate?
I have been asked to provide an FTE rate for a management services agreement between two companies. I generally think of an FTE rate as including the cost of an employee; i.e. salary, benefits, employer taxes, benefit related fees, etc. In other words, just the direct employee costs. However, I hav…
6
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Are executive compensation fundamentals changing?
"Do you see any momentum for companies to change their comp plans to more heavily weighted towards revenue as the new revenue standard comes into play?" This question was asked at a recent webinar, now available on-demand: "Why Companies Need a Bookings Policy, and How to Create One" Please add y…
2
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Annual raises- need guidance
I work at a small (65 employees, $20 million) manufacturing company, and recently became aware that our General Manager is going to ask our owner for raises for everyone, since he asked me for a list of current employees, their wages, their hire date, and date of their last increase. My concern is …
20
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What's your company's email policy?
We've found that employees email inboxes are out of control. We want them to delete all the unnecessary emails, but we don't have a firm policy in place. I'd love to hear what others are doing in their companies.
5
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What is considered a reasonable salary in IRS eyes?
Hello, I started my own company last year and I was told to set up my LLC as a Sub S where I can pay myself a reasonable salary and the rest would be considered as dividends or just personal income where I don't have to pay fico taxes on it. Now I'm not exactly sure what reasonable salary is. Let's…
2
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Best Outside Source of Advice on Designing an Equity Incentive Plan for an LLC
We are an LLC with a few founding members and want to implement a broader equity-linked incentive plan for employees. I know there are a few ways to go. What type of advisor/consultant would you call on to help management crystallize its objectives, tax sensitivities, ease of implementation, etc.an…
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