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Issues Facing CFOs in 2012

Issues Facing CFOs in 2012

Shifting from end-of-year reporting back to day-to-day operations can seem to be a quick process, but professionals holding the CFO title and other

Shifting from end-of-year reporting back to day-to-day operations can seem to be a quick process, but professionals holding the CFO title and other executive jobs need to ensure this transition occurs smoothly.

A recent Business human resources Magazine article suggests some of the major challenges facing these individuals in 2012 will relate to human resources, from incentive programs to finding and keeping talented workers.

The publication suggests this is a particularly critical time for corporate executives to evaluate their incentive programs, as companies are still pulling themselves out of the economic downturn. As a result, many workers are beginning to feel stretched thin, meaning incentives can play a role in boosting productivity.

Additionally, with the wounds of the recession still fresh and many companies looking to hire again, it is crucial that the right people are brought on board. Developing these new employees while still maintaining current contributors can be a difficult balance to strike, but one in which CFOs must play an important role as they constantly seek ways to make their business more efficient and successful.

These human resources issues are expected to be even more poignant than usual in 2012, with companies adding more and more jobs and the unemployment rate driving down to 8.5 percent to end 2011, according to the Bureau of Labor Statistics.

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Even though there are changing priorities entering a new year, “closing the books” at the end of 2011 was certainly a stressful, complex process for many financial professionals. Proformative will be exploring best practices for launching a financial close improvement program during a webinar hosted tomorrow, January 11th. For more information and to register, click here