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The Professional Summit - June 2010Gloomy Economy Spurs Bright Future for A&FAccounting and finance professionals are accustomed to reviewing and analyzing data to arrive at an accurate outcome. So, when it comes to contemplating the outcome the recession will have on the future for accounting and finance workers, here are some things to consider.
CPA's Role in the RecoveryFor the many companies focused on cost containment and expense management, cutting back on discretionary expenditures, such as advertising and marketing, training and development and raises and bonuses, can certainly achieve short-term savings goals. But business leaders are also asking themselves at what long-term costs will these measures impact my company? For example, the importance of employee engagement has been front and center during the recession. Cutbacks in critical areas can damage engagement, leading to higher — and more costly — levels of attrition. |
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