Employer burnout Real and can be increased by inefficient work processes. Because talent retention and hiring remains a priority a top concern for CFOsSome are working toward curbing the stress levels of their team members—by also curbing daily video meetings.
Gina Mastantuono (CFO of ServiceNow), shared her thoughts on this week’s Shared a LinkedIn post With her thoughts about research Brainwave activity is a measure of brainwave activity. back-to-back video meetings Increase stress levels “Those of us working in a hybrid model feel it,” Mastantuono writes. “It’s why I changed it up and set some new guidelines for our ServiceNow finance employees.”
“Our Zoom meetings are no longer 30 or 60 minutes,” She writes. “The majority of our meetings in finance now last 20-25 minutes with a five-minute buffer to stretch and take a mental break before the next meeting starts,” Mastantuono writes. “We’ve been at it for the last several months and see a stark difference.”
“We’ve also instituted Friday WIN (What’s Important Now) time,” She elaborates. “Every Friday from 1-5 p.m. (local time), everyone in finance blocks their calendars and is discouraged from having video meetings. The purpose is an intentional focus. It gives us space to catch up on reading, writing, and whatever is essential to get your job done healthily, without constant interruption.” Mastantuono added, “Listening to your employees’ feedback is pure gold.”
When I last spoke with Xihao Hu (CFO of TD Bank in the U.S.), he shared his best practices in data storytelling with me. Hu shared his thoughts about making. meetings less stressful. “I’ve read several articles and stories recently about companies encouraging employees to cancel all meetings or cut back on their meetings throughout the day,” He said it to me. “This has definitely sparked my interest and influenced my way of thinking.” TD is a company that encourages its employees to Keep 20to-25-minute meetings Comparison of 30-minute time blocks “We practice well-being by taking screen breaks or walking meetings,” Hu.
Refer to employee engagement, TD’s “Training Days,” These include panel discussions and workshops that last a whole day. “gives employees the flexibility to dive into a variety of interesting topics mapped to their career development or areas of interest,” Hu. “We block out the calendars well in advance to avoid meeting conflicts on Training Days,” He said.
Hu also explained to me what he does personally to Combat burnout. “As a leader, it’s important that I practice what I preach because everyone needs support from leadership when finding work-life balance,” He explains. “I block ‘me’ time in the calendar where I enjoy spending time with my parents or watching soccer. I also share how I spend my time through open, honest, and frequent communication with my entire team. It starts at the top and creates a positive ripple effect which hopefully helps avoid meeting fatigue.”
Alka Tandan (CFO of tech company Gainsight), shared her thoughts on the subject. video meetings. “We’re very aware that our remote-first workplace can easily lead to virtual meeting fatigue,” Tandan explained to me. Gainsight makes good use of the “speedy meetings” Google Calendar – Set up “limits meetings to 25 or 50 minutes and helps us avoid back-to-back calls when possible,” She said. Tandan encourages department leaders to You can identify the days of each week are “focus days” If internal departmental meetings are She isn’t discouraged. “It gives us the time and energy to focus on getting work done and forces us to ask if a meeting is truly necessary to accomplish our goals,” She elaborates. “We still meet externally with other departments, vendors, or customers.”
“Gainsight has strict rules on weekend emails,” She said. “We ask employees to try and avoid work emails on Saturdays so everyone can take some well-deserved time off.” Additionally, to Regular unlimited PTO, weekends, and public holidays employees get an additional day off each month called “Recharge Days.”
Chalk time and good meeting management are key. to Yet another line item CFOs are Having to Balance like a pro
Try to Unplug your device and enjoy a great weekend.
The U.S. Bank CFO Insights Report 2022, measures the priorities of financial leaders in uncertain times. The top practices in addressing inflation risk are Finding opportunities to Cut costs (57%), evaluating credit risk of major customers (35%), evaluating work capital practices (32%), as well as pricing (32%). However, CFOs Survey respondents viewed the threat of a talent shortage as more important than high inflation. according to the report. Financial leaders plan for new ways to cut costs include investing in technology, discontinuing low-margin/low-growth business lines, and outsourcing certain business functions. The results are This is based on a survey that included 750 top finance executives from U.S. firms across multiple industries.
Here are a few weekend reads:
Sam Bankman-Fried was a crypto security CEO and sent a team. to The Bahamas. He was shocked by the lack of interest in security controls and FTX’s grand ideas: ‘Maybe we’ll buy Goldman Sachs’ by Shawn Tully
3 reasons why the huge tech layoffs don’t mean a recession is around the corner, Goldman says by Prarthana Prakash
Introducing the chief remote officer: Corporate America’s response to a hybrid workforce that’s here to Stay with Trey Williams
Early birds win. Here’s why working out before noon is key to L’Oreal Thompson Pamyton – Your health
Here are some of the most notable moves this week.
Donald R. KimbleOn May 1, 2023, KeyCorp’s chief financial officer and chief administrative officers (NYSE:KEY), will be retiring. Clark H.I. will succeed him. Khayat, the current chief strategy officer. Khayat joined KeyCorp to lead corporate strategy, and later as the group head for commercial payments. Khayat established Key’s enterprise payment and fintech partnership strategies. Khayat was responsible for the company’s strategy. to You can scale up by making investments in technology and analytics, as well niche acquisitions like Pacific Crest, Cain Brothers, or Laurel Road.
Nancy Walsh Named CFO at Katapult Holdings, Inc. (Nasdaq, KPLT), an omnichannel point of sale payment platform, became effective Dec. 12. Former CFO Karissa Cupito is transitioning into a senior advisory role to The transition will be supported through the first quarter in 2023. Walsh was previously EVP, CFO at LL Flooring Holdings, Inc., a retailer for hardwood flooring and hardwood floor accessories. Walsh previously served as EVP and Chief Financial Officer at Pier 1 Imports, Inc., Viacom, Tapestry, Inc., Timberland, and Timberland.
John Klinger Promoted to EVP and Chief Financial Officer at The TJX Companies, Inc. (NYSE:TJX), an offprice retailer for apparel and home fashions, became effective Jan. 29, 2023. Klinger joined TJX 2000 as a manager at Marmaxx of business analysis. Klinger was promoted after he served in various finance roles at Marmaxx, HomeGoods, and Marmaxx. to AJWright’s VP, Divisional CFO. Klinger held the roles of VP of corporate finances and SVP, divisional Chief Financial Officer, TJX Europe. Later, he was promoted to EVP and corporate controller.
Andrew Murphy Promoted to CFO at Duos Technologies, Inc.Effective Nov. 15,, a subsidiary duos Technologies Group, Inc. Murphy has been VP of finance for Duos since 2020. Murphy previously held various senior finance positions within APR Energy. Murphy previously worked in corporate accounting and public accounting, focusing on tax and business services.
Donald C. Templin Attained the title of EVP/CFO Voya Financial, Inc. (NYSE: VOYA), a company that focuses on health, wealth and investment. Templin served most recently as EVP & CFO at Marathon Petroleum Corp. He was also CFO at MPLX LP which is a diversified master limited partnership with large capital. Prior to joining Marathon Petroleum, he was a partner at PwC.
“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023.”
—Amazon CEO Andy Jassy wrote in a memo to Workers on Thursday were informed by the company that work will continue to Lay off employees for the next year CNBC reported.