CFO Buzz is a new feature capturing top stories affecting CFOs. This feature will be published Fridays so that CFOs can gain perspective over the weekend, allowing them to challenge themselves and think about how to improve their lives, careers and companies.
Here is this week’s CFO Buzz
1) Your best future employee may have already worked for you
I first heard the term “Boomerangs” in an accounting firm setting, where previous employees of the firm leave, then come back at a later time. As finance leader, you should know that the employees that previously worked for you, either at your current company or a previous one, may be an ideal person to bring back. Are you hiring your own “Boomerangs”?
2) Getting lost in your email inbox?
With all the social media around us, do you find that you’re spending way too much time with email? You’re not alone. Email is a communication tool. It should not be the only one you use. You may want to rethink your types of communication and what the best tools to communicate are. How do you master your communication tools?
3) Stop micromanaging
Are you a micromanager? Do you manage all the details of the people that support you? If you do, how do you have time to do your job? Micromanagers never become successful executives. They either never become executives, or if they do, they are not very successful. Stop it now. Here are some tips.
4) How’s the talent on YOUR Finance Team?
While most CFOs agree that they don’t have the level of talent they need to support their plans, what are they really doing about it? In my experience, few CFOs give this priority enough attention. Which is too bad, because a CFO can only be as good as their Finance team allows them to be. Is your Finance department up to snuff?
5) Where does retained executive search fit in a social media world of recruitment?
In a business world where LinkedIn seems to have everybody as a member, what’s the value of retained executive search? I will let my Stanton Chase colleague Ted Muendel share his views in the article below. AESC (Association of Executive Search Consultants) recently updated their website, and published a new document on the differences between executive search and contingent recruiters. Do you know the difference?
Some of Samuel’s other CFO stuff this week
Top Tweet of the week