CFOs Share Companies' Most Frequent Missteps
May 1, 2012 (PLANSPONSOR.com) – Forty-one percent of chief
financial officers (CFOs) say lack of communication between staff and
management is the most frequent misstep companies make in managing their teams.
• Lack of training, development and/or educational opportunities (11%);
• Lack of flexibility in work schedule (8%);
• Lack of authority given to employees (6%); and
• Don’t know/no answer (6%).
“Employees want to be kept in the loop and feel appreciated,” said Max Messmer, chairman of Accountemps. “An organization can only be successful if its employees have the information and support they need to do their jobs well and a forum for two-way communication.”
The national study, developed by Accountemps, was conducted by an independent research firm and is based on more than 1,400 telephone interviews with CFOs from a random sample of U.S. companies with 20 or more employees.