Are you getting Performance from your Performance Bonus Plan?

If you are like so many other CEOs, you have said this before: “I paid my employees bonuses one year. The following year, our performance was poor but they still wanted a bonus.”  While your intentions were honorable, paying bonuses that are not tied directly to employee contributions does not provide team members with incentive […]

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The season of gratitude: Thank you to our non-profit clients

Thanksgiving has us feeling, well, thankful—and this year, our team at CFO Strategic Partners wants to take a moment to express our gratitude for all our clients, especially our non-profit clients that truly know the meaning of giving back. To show our appreciation, we would like to highlight a few of them and the incredible […]

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10 Things CEOs Say

Over 18 years in business and thousands of clients.  You can imagine we have seen a lot, met some pretty fascinating folks, and partnered with some of the most brilliant entrepreneurs and innovators in business. However, no matter the complexity of the business model or the evolving climate of a particular industry, CEO’s have common […]

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How to Effectively Motivate the Millennial Sales Team – You’re Doing it Wrong

What makes today’s sales team tick? How are you motivating the next generation of sales superstars? Unfortunately, you are probably not it wrong.   Motivating and encouraging a sales team can seem pretty black and white, right? Commission and closing the deal, right? Well, maybe. But, to sustain that high performing department today, we need […]

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Software Conversion? Don’t Try This At Home.

Let’s face it, there is no good time to change accounting software, right?  The process can seem overwhelming and there are so many options on the market today… it is difficult to know even where to start. Typically, we see one of two things: Companies aren’t fully leveraging the capabilities of their current accounting software. […]

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Flip the Script

A little background…..Our client wanted to implement a bonus plan that was 200% higher than previous years and asked for our assistance with how to structure this plan.  Sounds generous…right…until you dig a little deeper and that’s exactly what our CFO team did with our collaborative issue processing session. After a few minutes of questions […]

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Host an Outstanding Panel Interview

Hosting outstanding panel interviews are key to showcasing your company culture while “selling” your candidate on your company as a great place to work. By using the below tips, you will learn how to strengthen your panelists, give the candidate a feel for team dynamics, increase your objectivity when evaluating the candidate resulting in saving […]

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Ongoing Strategic Planning in 2017

In 2017, it’s hard to know what challenges you’ll be facing next week, much less the rest of the New Year. That’s why a dynamic financial strategy underscores the importance of an ongoing strategic plan, allowing businesses to be more agile and effective in meeting their specific goals than a static process. Traditionally, strategic planning […]

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Accelerate Your Career by Working Less

In a recent Bloomberg Businessweek Interview, Marissa Meyer, CEO, Yahoo!, talked about the value of hard work when she was working at Google. She explained, “Could you work 130 hours in a week? The answer is ‘yes’ if you’re strategic about sleep, when you shower, and how often you go to the bathroom. The nap […]

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7 Critical Things to Consider When Designing Your Bonus Plan

Bonus plans that are properly designed and executed promote retention, reward employees for contributions to the organization, and drive behaviors that impact an organization’s bottom line.  From the budgeting and finance aspects, bonus plans allow the organization to pay less in fixed payroll costs (lower salaries) and shift some of those payroll dollars to variable […]

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