How
Northern Trust Weathered the Financial Crisis
This past August, banking services firm Northern Trust Corp.
announced that it had freed itself from the government's bailout
program. Steve Player speaks with Steve Fradkin of Northern Trust about
the intriguing final chapter of his CFO tour of duty.
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Paying
for Forecast Accuracy Costs More Than You Think
As companies implement rolling forecasts to steer their
organizations, they often also begin the practice of "paying for
forecasting accuracy." While some experts advocate this approach,
budgeting guru Steve Player calls it "one of the dumbest things
management can do." Player explains why in this Big Fat Finance Blog
post.
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Why
Pay-for-Performance Compensation Is Problematic
Pay-for-performance compensation is designed to motivate
employees, but it actually rewards the managers who successfully
negotiate the lowest levels of performance and execution through low
budget targets. As a result, the management process drives subpar
performance. Here's an alternative approach for setting incentive plan
targets.
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Expert
Video

Overcoming BPM Road Blocks: Gary Cokins, author
of Performance Management: Integrating Strategy Execution,
Methodologies, Risk, and Analytics (John Wiley Sons Inc., 2009),
explains what actions finance leaders can take to overcome road blocks
and gain new advocates.
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