CFO Series: Today's Staff Retention and Accounting
Description:
Focus on skills that will help you and your organization become more effective including today's methods to retain key employees, equity compensation plans, inventory accounting and timeless lessons from great leaders to improve the organization.
Highlights:
Staff Retention: Attract and Keep the Best People
Why do your best employees leave? Does it seem like you spend far too much time recruiting? Do your people leave just as they become productive? If you think your turnover is because the younger generations are different from earlier generations, you are probably not looking at the real source of the problem. Review the facts and research why people leave and learn the changes to make now. The real costs of turnover 12 factors that make employees happy Examples of great organizations Lifestyle issues Exit interviews and stay interviews Accounting for Equity Compensation Plans: Beware of the Pitfalls In today's business world, there's a war for talent and organizations with the best talent will win. We clearly need to motivate talented personnel. Equity compensation plans are useful to retain, reward and recruit. The GAAP and tax accounting for equity compensation plans is not static and decisions that you make during plan set-up can have major consequences to your organization's bottom line and your management team's personal tax situations. Review nuances and details that impact proper accounting. This session will help you understand issues including: Why most equity compensation plans fail? Complexity of GAAP accounting for equity compensation plans Tax implications of equity compensation plans Who and how an equity compensation plan should be administered? Compliance issues to consider Recommendations to design a better equity compensation plan Inventory Accounting: GAAP, Software and Variance Recognition Proper inventory accounting is deceptively complicated. Do you have the required accuracy? Do you desire to become more thorough in inventory accounting, or need to refresh, or strengthen your inventory accounting skills? This session focuses on the crucial components including GAAP inventory, inventory software methods for dealing with variances and breaking down costs in materials, labor and overhead. Awesome Business Lessons from the Past: Learn from the Best! Why not learn, or re-learn, some amazing business lessons from the past that are still effective today? We see today's problems and believe that these problems have never occurred before. We will discuss timeless business lessons that are as practical today as when they were written decades ago. We will review; `How to Win Friends and Influence People,' `Today and Tomorrow,' and `The Art of War.' Let's learn from the very best, as these lessons have been battle tested and proven over time. Six methods to get others to like you: How to learn what others want 12 ways to win others to your way of thinking: How to destroy your enemies Fundamental principles of Henry Ford's success: Technology, training and `Scientific Method' 13 steps necessary to plan for success: All plans must adjust to changing realities - What are the traps to avoid? How to use these principles to move your organization forwardObjectives:
Understand what employees want and need in today's competitive environment. Design an effective equity compensation plan. Understand the complexity of GAAP accounting for equity compensation plans. Better understand GAAP accounting for inventory and the many details that must be addressed for accurate inventory accounting. Learn valuable, time-tested management strategies that have been proven effective over many decades.
Prerequisites:
Participants should have at least six months of industry or public experience and a thorough knowledge of financial accounting principles and practices. Management experience is helpful.
Designed For:
Financial leaders, regardless of title, who are, or aspire to be, chief financial officers. The discussions are targeted to people in midsize organizations.