Blog | Employee Incentive Information | Performance Management | Divvy

CFOs Finding some security during times of uncertainty.

There is a lot we can learn by observing behavior and human nature. Depending on our level of apprehension or fear about the future, we decide what initiatives to cut and what to save. Having the responsibility of being your organization's financial captain, the pressure is on you to always have the right answers. I don't speak as one myself but as someone who has worked with CFO's in the hospital and manufacturing industries. I have observed, first hand, the knee jerk reaction by some CFOs to cut back when the economic news looks bleak. They instantly focus on streamlining rather than growth. No criticism on this. You must look realistically at your organization's state of financial affairs. Some CFO's have confided that when the economic landscape doesn't look so great, they consider a roll of the dice before choosing a path on an issue. During these uncertain times, its natural to be somewhat tentative about where and in whom to invest company resources. No doubt every organization has its unique challenges and workplace culture. The factors that go into a CFO's dollar allocation decisions are numerous. The good news is that more and more financial leaders are turning to their employees as a valuable resource. Investing in this valuable asset can boost value and profits. Lets take a look at today's economy and how investing in your workforce can offer big returns.

Topics: CFO performance improvement solutions Retention Rewards and Recognition Employee Incentive Programs

Employers. Jump over your obstacles and increase performance!

My friend, John A, called me about all the new taxes affecting his music company. He was a bit anxious about his ability to continue operating in the black while retaining his talented employees. After some discussion he decided the best thing to do was to reach out to his accountant to get professional advice. John asked, What can I do to reduce my tax burden, I am already at the limit. His accountant's reply? "Well John you're doing everything right and by the book. Seems to me you're just going to have to make more money.", then hung up the phone.
Businesses today, across the country, face the very same problems. Regulation, not enough growth capital, health care costs, energy costs, more taxes, complexity of taxes, uncertainty about the economy's future. Sure, if you have the time, the money and the mentality to lobby legislators all day long for relief, more power to you. Frankly I haven't found one business owner, large or small, who enjoys such luxuries. Irrespective of the obstacles being imposed on you by regulation and economic uncertainties, facing these gremlins squarely will help you survive and excel. Here we look at the most pressing obstacles you face and ways to jump over them.

Topics: incentive technology retaining your valued employees Communication Employee Recognition CFO performance improvement solutions Results

Stress is drowning your hospital personnel! Here's how to get air!

“We know from speaking to our members who work at our hospital that morale is suffering and stress levels are on the rise. We are fearful for what the future holds for patients, for our nurses and health care workers. We know our members want to be able to provide patients with the compassionate care they deserve." says Glen Turp Director Royal College of Nursing Yorkshire. According to the US Dept of Labor, stress levels among hospital workers are indeed on the rise. Big time. The destructive effects of stressed out, burnt out hospital employees can hurt everybody. Maybe you're one of its victims. However, if you have been living life on this planet, the idea of experiencing a completely stress free lifestyle is ridiculous, impossible and even unhealthy. Knowing when healthy stress levels move to unhealthy ones is key. Building a workplace culture that engages, motivates and recognizes your nurses, facilitators, staff physicians and other personnel for their contribution brings happier employees.  Its no secret that creating a happier staff creates happier patients. Adding recognition impacts the individual to contribute to morale, quality of care, industry reputation and your bottom line. Here are some ideas that will help you and your organization breath easier again.  
 
I remember jogging along a beautiful wooded area in upstate New York last summer.  Then some days later I began to experience chills, shakes and headaches. During one highway drive down a crowded, busy lane, I found out I couldn't steer my car. I had lost muscle control of my arms and legs. My close friends, John and Ellen came and rushed me to the emergency room.  My diagnosis? Lyme disease. I am very grateful to everyone who made themselves available to me throughout my recovery. That's the power of recognition. The doctor said I would be out of commission for a while. His orders included no appointments or plans for two weeks, minimum.  No business, no clients. I was naturally anxious. The hospital personnel at Henry Hudson Hospital were upbeat, attentive and supportive. They made me feel I was in goods hands. I followed their protocol. I exercised, changed my diet, got quiet and got well. I deeply thanked them all and told them I hope they're getting bunches of recognition and rewards. Maybe. That's the power of recognition and my practicing healthy stress. The stress of making healthy changes actually boosted my immune system.

Topics: employees retaining your valued employees Communication CFO Performance

Employees Unmasked! How to spot the great ones from the not so great.

Topics: employees Rewards Incentives CFO Performance Sales Recognition

CFOs Optimizing Performance-Reducing Workforce Costs

Keeping up with the expanding role of the CFO isn't easy. Knowing the right questions to ask doesn't always translate into providing instant, perfect solutions.
You are your organization's cost guru, so no one needs to remind you of your challenging and ever expanding role.
I ask: What's important to CFOs today? Answer: Everything!
Growth strategies, scorekeeping, cutting workforce costs, effective financial stewardship, expenditure operator, sales performance, safety risk, wellness, health care costs, turnover, employee loyalty/retention. Then you crunch the numbers and have to make them all add up.
In addition to everything else you do, many times you even sit in on sales calls.
In this blog we hope to illustrate a proven solution to help you improve your company's bottom line.

Topics: retaining your valued employees Employee Engagement Sales Performance wellness programs CFO