Best Practices Article Archives
How to Mitigate the Risk of Retirement Brain Drain
Retiring professionals can take decades of experience with them when they leave, but finance leaders can take steps to prevent the loss of corporate knowledge. In 2021, 37% of UK retirees accelerated retirement because of COVID-19, according to UK-based global investment company abrdn Plc. In the US, the number of retirees aged 55 and older grew by 3.5 million in 2020 and 2021, nearly twice as fast per year than between 2008 and 2019, according ...
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5 Tips to Help CFOs Become Better Negotiators
Here’s how to get better at negotiating both inside and outside the company. Sandra Beckwith, CFO.com, September 29, 2022 Ravi Narula (CFO of FinancialForce) recalls a particularly frustrating situation several years ago when closing a deal with a company in another country. The two parties had negotiated all terms. With no remaining questions or open items, they submitted the contract for legal review. During that two-week period, ...
Read More5 Mentorship Tips for Recruitment and Retention
Attracting and retaining employees has proved a challenge in the wake of unprecedented levels of employee resignations and an increased desire for hybrid or work-from-home options. Compounding this frustration is the high failure rate of young professionals in many industries, creating more job openings. However, normalizing high failure rates among young professionals is a dire mistake.
Read MoreAvoid These 7 Delegation Mistakes
Delegating is far more than just assigning tasks to others. "It's not just about shuffling things around. It frees you up to work on things that are highest and best use for your level," said Tamera Loerzel, a partner with ConvergenceCoaching LLC in Prior Lake, Minn. "It also offers crucial opportunities for you to help employees learn and grow." As a career coach, Loerzel spends a lot of time teaching others to delegate more effectively, and ...
Read More7 Tips for Using Zoom Better
BASIC TIPS Use headphones to avoid audio collisions Unfortunately, you can't monitor your own audio levels and quality in a virtual meeting. You are dependent on others to tell you when your audio isn't working well. This can cause what I call "audio collisions," when multiple people talk over each other because they are unable to hear others when they are talking. The best way to limit audio issues is to use headphones! Find comfortable ...
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