CFOTips

This year will be remembered as the year the economics of employment changed greatly; and the following year will be the year the impact of these changes will be absorbed by businesses. New regulations cover areas such as minimum wage, employment practices, overtime, background checks, and employee classification, i.e. independent contractor vs. employee. With any regulation change there are three separate cost levels – cost of review – every entity assumes the cost of reviewing the requirements to understand if they apply to their situation; cost of planning - If the regulation applies, costs include developing an approach to implement, communicating the approach, and if required, training; and finally, cost of implementation - the actual financial impact of the change, which varies based on your organization. [ 634 more words. ]

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The Changing Economics of Employment This year will be remembered as the year the economics of employment changed greatly; and the following year will be the year the impact of these changes will be absorbed by businesses. New regula…

Pricing Strategy – Tips and Caveats for Discount Pricing http://wp.me/p2aImN-lG

Pricing Strategy - Tips and Caveats for Discount Pricing Discounts have their place, but more often than not, they are used incorrectly. Prior to offering a discount, controllers involved with establishing pricing strategy need to take the following steps: Understand your business economics. If you have a 15 percent profit margin and for a period of time you are willing to give up a third of the margin to offer a discount, that may be a correct business decision. [ 772 more words. ]

Growing through Productivity Increases http://wp.me/p2aImN-l1

Growing through Productivity Increases Productivity is an economic concept that is discussed in the press quite often. Increases in productivity occur when the quantity of inputs declines, to produce a measure of output. The sub-set that is referred to is labor productivity, i.e. the amount of labor required to produce a measure of output. The importance of the statistic is based on its relationship to growth. [ 759 more words. ]

Business Disruption Survival Techniques http://wp.me/p2aImN-kW

cfotips.com Establishing a twelve month budget/business planand a business continuity plan are still the best ways to prepare a business for the most probable known threats. But what can you do for unanticipated shocks that negatively affect your ability to achieve your profit goals? When companies are faced with unanticipated situations, that threaten their business, and they realize these disruptions are not short-term issues, they may need to employ “survival techniques.” [ 673 more words. ]