CFO Insight: Hiring and Compensation Webinar Recap

I recently participated in Robert Half and the Accounting and Financial Women’s Alliance webinar on "2014 Hiring and Compensation Trends in Accounting & Finance: The Information You Need to Hire and Be Hired in 2014."

As the CFO of Luminance, I have always found Robert Half to be a key strategic partner. I rely on the company's data-driven analysis of the labor market and broad expertise in obtaining and retaining talented team members. I found the hiring and salary compensation trends webinar to be refreshing in that the data validated my own experiences in hiring talented individuals in today’s market.

For those of you out there looking for a new job, make sure you do your research on the company for which you are interested in working. Salary compensation should not be the only driver. Job seekers contemplating making a professional career move need to ensure they do not oversell their experiences or abilities; this will end up causing distrust in their new environment.

You can't work where you don't fit in

Consider the culture of the company, the commute and the normal hours that everyone works at the target company. A dear friend of mine runs a consulting business where the employees make above-market salaries. However, he has shared with me that “everyone in the office has been working seven days a week for months now and will continue to do so until business slows down.” Ask questions during the interview process to make sure the environment matches your work-life balance expectations.

On the other hand, if you are a hiring manager, you need to be open and think “outside the box” to attract top talent. Gone are the days of an “employer’s market.” If you are lucky enough to have someone accept your salary compensation offer, keep in touch with them as they transition from their current employer to work for you. You want them to be part of your team from the moment they join your team. Your relationship with your team members will determine the amount of trust you have, which in my opinion, is the strongest variable to keeping employees happy and retain top talent.

Missed the Nov. 14 complimentary webinar on hiring and salary compensation? You can replay the webcast here. 

Want five accounting hiring trends you missed from the webinar? Check them out here on the Accountemps Blog.