Join us when Ron Shah, CFO of Hodges-Mace, explains how building a motivated workforce is now a priority for both finance and the benefits firm at-large. Hear Ron explain how finance is today focused on the firm’s effort to attract, retain and reward human capital.
CFOTL: Over the next 12 months, what are your priorities as a finance leader?
Ron: Yes, my biggest priorities are really more on the human capital side than the financial capital side. It’s ensuring we have the right people in the right positions with the right tools to deliver for our clients. We’re growing very rapidly, and so, as I mentioned earlier, extracting and retaining talent is very important to us, and it’s something that we spend a lot of time and energy focused on. So, we want to continue to add to our team, and then we want to retain them once they’re here. So, that’s probably the biggest priority for us as a company.
For the Finance team, I would say my biggest priority is to develop a more dynamic forecasting process. The days where you developed a budget and that’s all you operated off of for the full year, or you developed a two-year plan, or a five-year plan, I think those days are gone. We’ve got to be much more dynamic in how we update the forecast for the full year, for the next 12 months, for the next couple years, and be able to do that without it being a manual process. And there’s some things we can do from a systems standpoint that we’re looking at, in investing in new systems, as well as some things we’ll look at adjusting from a process standpoint. But, that’s probably the biggest area from a finance standpoint.