Posts Tagged ‘hiring’

80/20 Rule for Forks in the Road

In business, just as in our personal life, we often come to the proverbial “fork in the road”. Maybe the 80/20 rule for forks in the road can help with decisions. Sometimes it is as simple as choosing one of two things, but more often it involves selecting from a multitude of options. In other words, life’s not always straight forward, including when it comes to business. Read the rest of this entry »

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Hiring versus Training

Should you hire new employees or train existing employees? This is really a trick question. Why? Well, there is no actual right or wrong answer as the hiring versus training decision depends largely on the actual situation. Read the rest of this entry »

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Full Time or Part Time?

Have you ever wondered if your employees are really needed on a full time basis? Now as someone who provides part-time CFO and Controller services, I realize my view could be influenced by that. But, I’m writing really from observations over numerous years. So, here are some thoughts on whether full-time or part-time employees are needed.

Hired to Do What

While my focus is on the role of a CFO or Controller, I have noticed at numerous places that there are often people in fairly well paid positions in multiple areas actually devoting only a fraction of their time to tasks that require their greatest skills. In fact, it is really not that unusual that Read the rest of this entry »

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Employee Ideas

Have you ever worked at a place where just a few people made all the decisions? Those people are missing out on a great opportunity. Employees can surprise you. Sometime employee ideas make a big difference. I touched on employee needs a little in the postings 4 Wants and Needs of Employees, Employee Development, and Employees Need More Than a Paycheck. Now I want to say some more about the specific issue of employee ideas and the value of them. Read the rest of this entry »

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Inconsistent Income Tax Decisions

As you are certainly aware, the U.S. Federal Income Tax code is sometimes quite vague. A number of years ago I read about a little test where the same tax information was taken to a certified public accountant (CPA), and several other tax preparers. When each had completed a sample return for the same information, each return was different. Something is wrong here. Seriously wrong!

Another Case in Point

In a previous posting (Independent Contractors – Know the Rules) the rules used by the Internal Revenue Service (IRS) to determine whether someone was an independent contractor or an employee were discussed. There it was pointed out that the IRS uses several criteria to determine whether someone is a contractor or an employee. Among the things considered are Read the rest of this entry »

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Do You Lead or Manage?

Have you ever considered the difference in leading or managing? Often companies put people in a leadership position and all they really do is manage. Let me elaborate.

CFO or Controller

It is common in small companies to have the head of the financial operations to be called a CFO (Chief Financial Officer) or a Controller. Frankly, my observation is that this rarely is based on anything other than what the CEO or President of the company wants or even a personal desire of the person in the position. While there is some overlap, there is really a fundamental Read the rest of this entry »

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Healthcare Law Impact

As you certainly know by now, the results of the November 2012 election made it a certainly that the Affordable Care Act (Obamacare) will be implemented over the next couple of years. Just what does that mean to you?

A Nightmare

This law will have major effects on nearly all businesses, particularly those with over 50 employees. The requirement for employers with over 50 employees to provide health care or pay a fine creates a dilemma for many. Some will decide that the increases in premiums that are expected present Read the rest of this entry »

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When 40 Hours is Enough

I recently read and article by Jessica Stillman in Inc. magazine entitled, Why Working More Than 40 Hours a Week is Useless. A link to the article was posted to Linked In. Let me just say up front that I agree with her general consensus on the 40 workweek which is based on multiple studies from the 1930s forward. I would like to add a few additional things to consider. Read the rest of this entry »

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Income Taxes, Bureaucracy, Policies and Procedures

Having just finished my personal tax return, I am reminded why Income Tax Preparation and Planning are services I have never had an interest in providing. There are two reasons why:

  1. My belief is that this service is specialized and should be handled by someone who makes it their specialty
  2. I also believe the U. S. Tax Code is absurdly bloated and complicated, causes countless wasted hours to comply with, and in the end is non-productive

Increasing Complexity

Like the U.S. Tax Code, over the years companies have a tendency to add layers of bureaucracy and increasingly complex procedures. If you own a company or have worked somewhere for an extended period, stop for a moment and look back to what the company was like when you first started. Chances are things were a lot simpler and perhaps more efficient. Read the rest of this entry »

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Are You Sure About That New Hire?

Perhaps you or someone you know has had the experience of accepting a new position about which you were extremely excited, only to find out shortly after starting that you would be second-guessed about your decisions and not really have the authority you were led to believe you would.  Recently I read an article on CFO.com titled, How to Avoid Power-Hungry Bosses by Alix Stuart that addresses how a potential employee can avoid this.

What About the Other Side

Now turn this around.  Suppose you are the company’s Read the rest of this entry »

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