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Too Many Jobs, Not Enough Workers

Too Many Jobs, Not Enough Workers

Too Many Jobs, Not Enough Workers

The unemployment rate of 3.6% is near the lowest in 50 years while the number of job openings is near an all-time high.  There are more job openings (6.8M) than unemployed persons (5.8M).   This tight labor market is a top concern of CEOs and business owners.  According to the Conference Board, “The global challenge in acquiring and retaining talent requires companies to be more strategic – knowing not only what qualities and skills to recruit for, but also how to recruit more efficiently and effectively.”  

Driving Value Through Lean Accounting

Driving Value Through Lean Accounting

How does the role of finance have to change in the future?

We have to:

  • be key decision makers enabling the timely release of capital to the right strategic priorities in the organization.

  • strengthen the organization’s ability to create the flow of capital, and help leaders think differently about the concept of investments, not in the market, but investments into our own business.

Regulators Are Not the Customer!

Regulators Are Not the Customer!

Is finance the enemy of breakthrough innovation…

… because they misidentify who their customer is?

“Big-picture, finance interfaces with regulators/auditors but ultimately needs to see their customer as the one who buys the products/services. It puts finance on the same side as the business, a partner/collaborator that should challenge assumptions and think creatively within the finance space.”

Sam Winter, Director of Finance, Thrivent Financial

Emphasizing Precision Over Real Progress

Emphasizing Precision Over Real Progress

The Lean Accounting Movement introduced some groundbreaking changes in how we measure, report and plan for organizational costs…

  • Budgets are bad… rolling forecasts allow us to take away the cliff mentality and intend to provide a platform on which we can become nimbler.

  • Move away from full-absorption cost accounting and allocation of “monuments” to a model designed to measure “economic value added.”

  • Visual process and value-stream measurement, allowing everyone to see how an end-to-end process is performing, enabling timely response and adjustments to help both customers and productivity.