Human Capital
-
How should exempt employees' full day absences be treated if they work 40+ hours the rest of the week?
We are required by federal grant requirements to have record of time worked, even by exempt employees. Some exempt employees miss days but then "make up" the time throughout the workweek. For the most part, they get their work done. We have a PTO bank that accrues with each pay period. Any advice o…
2
-
Re: Required NY state License or permit for hiring music instructor independent contractors to teach?
Hi I’ve started,(but not yet operating), a music instruction business (LLC), obtaining teachers to give music lessons both online and in person (studio & homes). I want the Teachers to be Independent Contractors. I do have the DOL NY state Independent Contractor PDF list and some recent court…
2
-
Should you work without a contract
I am being replaced and my employer wants me to train my replacement and has promised me a diminished role in the company with no change in pay. The company and I both think it will take six months and a lot of extra work to train my replacement. I feel weird about the scenario without having a con…
3
-
Annual Review & Pay Increase Timing Change
At our company (25-30 employees), for the past 15 years automatically has given pay increases and cost of living increases when the annual budget was approved by our board-every July, regardless of when you were hired. Our company is looking to change it to reviews and raises on the employee's anni…
5
-
Why, Why Why: A Waste of Time?
Imagine how much time you spend in your day asking "why this?" or "why that?". How much time do you spend asking why about things that really do not matter in terms of the ROI of your professional or personal time.? I am focused on being more productive this year, and here is what I ask myself at…
12
-
Hiring Unpaid Interns - Risks & Paperwork
My company is considering hiring unpaid interns. What are the potential and actual risks of doing so, and what internal and external (Federal / State / Local) documents should be or required to be filed
22
-
Clarification on Section 409A
Does Section 409A - Deferred Compensation only refer to retirement benefits? I looked at what the IRS had and I find it not only linked to retirement benefits, but tied to non-qualified plans (also retirement). What about if you had a deferred comp clause in your contract (be it salary or bonus) th…
1
-
Advances to directors and officers
I seek input on the following hypothetical situation. An early stage company has engaged with its founder /CEO ("X") under a consulting agreement for which compensation is accrued but not paid. From time to time the company has advanced money to X over and beyond what would have been required to re…
-
Adjusting withholding for paycheck true-up
A start-up needed to drop employees down to minimum wage for 6 months. Now the company wants to pay the difference between the employees normal wages and minimum wage for the 6 months. This will result in large paychecks that will result in larger than normal withholding for the employees. Is there…
1
-
How To Negotiate A Raise
Hopefully in exchange for some help, I have to fully admit I don't know much about how to negotiate a raise. I think I've always thought of it in a fairly unexamined way, such as - you ask for a raise, your supervisor asks some questions and later comes back with something and that's about it. I wo…
5
-
How To Deal With A Micromanaging CFO?
Looking for advice on how to advise a CFO in her leadership of her accounting staff. CFO has great technical skills. No audit findings at our nonprofit in past several years and excellent reviews from federal fiscal monitorings. The problem is she is very rigid and doesn't allow any flexibility (or…
19
-
Can LinkedIn Help Us Make Resumes Extinct?
Every so often I read articles on LinkedIn that inspire me to rant a bit and inspire conversation. I will admit up front that I have a strong opinion regarding resumes, I hate them. They are hard to craft, out dated in today's world, and so few people know how to write a great one (me included),…
4
-
Are all CFOs insane?
The last three CFOs I’ve worked for have been completely insane. I understand they’re under a lot of pressure. In this environment and like everyone else they don’t necessarily have much job security. But, come on, am I just unlucky or what?! Here’s what I’ve experienced over the last 7 years, 2 co…
23
-
How Best To Connect With CFOs via LinkedIn
For example, suppose there were an excellent opportunity to save a CFO's company a lot of money and boost EBITDA, at a cost set equal to a fixed, small fraction of whatever money would be saved. This sounds quite attractive, but nonetheless, how effectively could it be communicated to the CFO throu…
8
-
Warren Buffett Executive Compensation Plan
Hello and thank you in advance for any help you might be able to provide. As a privately held business owner, I am very intrigued by Warren's view and ability to buy a private business while still enabling the management team to retain its entrepreneurial drive. Would anyone have any suggestion as …
4
-
Selling To The CFO vs CIO
I save and make businesses money, and do not get paid until any of my recommendations are approved, implemented, and the results are formally documented as credits on bills, or cash in bank. My partner is a specialist that worked in revenue retention for major telcos. CFOs get the no-brainer offeri…
12
-
Can a part-time CFO expect equity on top of hourly rate for services?
I enjoyed the discussion on determining an appropriate hourly rate for part-time CFO services, and found it very useful. Thanks to all of you that provided feedback. I pose a new challenge. I am preparing quarterly financial statements for a microcap OTC Pink company. Given the client's financial s…
2
-
Parental Leave.
We are reviewing our company handbook and I was wondering what the market is seeing in terms of parental leave. Specific questions: - Does you company require a specific tenure period be reached before providing paid leave to new parents? - How much do you provide for maternity (or primary caregive…
1
-
What do successful CFOs and Controllers read?
I am curious, I have a sort of education-a-holic type thing going on where I continue to want to gain more knowledge. I am working toward my CPA currently. My ultimate goal is to become a CFO or Controller of an organization some day. I have been as high as a Senior Accountant in a mid-size corpor…
40
-
Does Your Wellness Plan Work?
Welness plans should measurably reduce ER visits and their corresponding costs.How does your wellness plan go beyond serving the already-healthy to engage the at-risk population of your employees whose non-health drives so much of your costs? What are you doing right?
6
-
Employee Out Sick Shortly After Hire
We have an employee that joined last week and worked 2 days and has been out sick since. NY based F/T hire, benefit eligible. We generally give benefit of the doubt, but as I understand the situation it has been a different excuse / illness in this short time span. This is a red flag to me. Tips pl…
11
-
Is the short term career path really all bad?
This is a piggy back off of another thread, which you can find here: https://www.proformative.com/questions/talent-shortage-or-unwillingness-teach . One of the reasons training budgets and efforts have been so slashed is because people don't spend a career with one company any more. I now work for …
11
-
Specific issues for the CFO in the hospitality industry
Hi everyone, I intend to have a job interview (Director of Finance) in a Hotel that is part of a global chain of resorts and hotels. I have no professional finance background in this industry and I wonder if I can have some hints about the daily issues as well as the strategic aspects. thanks.
2
-
Bonus to top executives?
Any information as to the general rule for bonus rate that should be paid to top executives of a company (Insurance/MGA specific if possible)?
3
Previous
