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04.24.08 Don’t Cut Staff Training During a Recession
During an economic downturn, the order of the day is to cut costs. One area that typically gets cut back is employee training and development, including attending conferences and seminars, pursuing professional certification, and other educational efforts.
If your AP department is feeling the pinch here, make the argument that now is exactly the time to stay focused on employee training. That’s because the U.S. economy is cyclical and the downturn will not last. "When [the economy] comes back, you'll be better prepared, better educated, and have better talent," said HR consultant David Nour, CEO of the Atlanta-based Be One Now Inc. For this reason, organizations need to continue to develop their employees.
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03.28.08 Test Your AP IQ: Is Training Time Compensable?
How familiar are you with AP best practices, rules, and regulations? Here’s a question to test your knowledge: One of your AP processors (a nonexempt employee eligible for overtime) needs to become more skilled at a particular computer program. You set her up to take a training class at a local school twice a week at night after work hours. Is the time she spends in this class considered work time for which she must be compensated?
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09.20.07 Many Employees Looking to Fly the Coop
More than half (62%) of participants in an online survey said they were actively or passively looking for a new job. Reasons: They were not being compensated fairly (38%), there was a lack of opportunities for professional development or growth in their current organization (34%), and they did not feel valued as an employee (27%). Dissatisfaction with benefits ranked sixth in the reasons why workers were looking elsewhere for jobs, according to Working in America: The Key to Employee Satisfaction, sponsored by Kronos Inc. Approximately 1,223 U.S. employees answered the online survey conducted by Harris Interactive between July 19 and July 27
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08.30.07 Reluctance to Share Career Goals
As an AP manager, you want to help your staff advance in their careers. The trouble is, your employees themselves may be standing in the way. That’s because most employees are not candid with their manager about their career aspirations, according to a survey by global consulting firm BlessingWhite (Princeton, N.J.).
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07.19.07 Call for Presentations: Advanced AP 2008
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04.19.07 Certified AP Pros Earn More
AP certification credentials can put more money in your paycheck, suggests a survey of over 400 AP professionals. On average, salaries for individuals with AP certification are higher than their colleagues who are not certified. Individuals with vaulted AP titles who are certified earn salaries that are up to 13.5% higher.
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03.22.07 Companies Help Women Advance in Workplace
Since the majority of AP employees are female, here’s an idea that hopefully will catch on at other companies. At PricewaterhouseCoopers LLP, high-performing employees can take up to five years' leave to raise a child, care for an elderly parent, or deal with other dependent care concerns. The accounting and tax firm launched the program, Full Circle--which is especially beneficial to its female employees--last July.
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03.08.07 Conference Flash: Great PR Idea for AP
One of the most frequent complaints from AP managers is that the top brass does not understand what AP really does—nor does upper management have a handle on the breadth of AP’s duties and responsibilities. Here’s a great way to open their eyes: Have your CFO or controller take our online 30-question AP IQ test, suggests Doug Johnson, APM, director of disbursements at Stanford University.
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03.01.07 Managing Performance Between Annual Appraisals
The best AP managers know that good staff performance management goes way beyond the annual appraisal form. But does that mean filling out evaluation forms several times a year? Hardly. It simply means doing quarterly performance reviews and discussions with your staff, says David A. Hofrichter, Ph.D., Managing Director, Compensation, at Buck Consultants, LLC (www.buckconsultants.com), a global human resource consulting firm specializing in compensation and employee rewards and performance. Hofrichter has been named to Consulting Magazine’s list of Top 25 Consultants in the World.
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02.01.07 Managerial Side-Effects of AP Automation
AP departments are installing new technology tools at an increasing clip in order to become more efficient and move from being a back-office processor to a more strategic business partner in the company. Well, as AP departments advance along these lines, the AP staff must also advance. That is, they will have to develop new skill sets to meet the challenges and perform the tasks of the new-look AP department.
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01.25.07 Conference Flash: AP Workforce Planning Idea
If your AP department suffers from a high turnover rate, try this idea used by Motorola. The company, which operates a global AP shared services center in China, has a 20-25% turnover rate, according to Shawn Bergemann, director of global financial shared services. Plus, the error rates in AP processing were high, which went against the company's strong emphasis on quality. They found out that the errors were caused by new hires. Here's what they did. more...
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09.15.06 Kudos To Newly Certified AP Pros
For the first time, we had a 100% pass rate at one of our IOMA/TAPN AP Certification Review and Exam sessions. more...
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08.15.06 AP Pro Certified With Distinction
Congratulations to Jill Nygren, administrative assistant/accounts payable, at Panhandle State Bank (Sandpoint, ID). more...
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08.08.05 AP Manager of the Year
At IOMA’s 4th Annual AP Conference & Expo in New York City, this editor was pleased to present the AP Manager of the Year Award to Lyndell Wright, manager, AP and OneCard administration at TEPPCO, an oil and gas services company in Houston. more...
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07.10.05 AP Training Now Online
There’s a new convenient way to train for the IOMA/TAPN certification program. more...
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03.01.05 Getting Ahead
You are more likely to get a promotion if you mix self-marketing with solid job performance. more...
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12.01.04 Career-Related New Year’s Resolutions?
Some of the savviest accounts payable professionals we know continually work to increase their skill set. more...
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12.01.04 Networking at Holiday Parties
As the holidays approach, AP professionals often overlook a crucial opportunity to make a good impression on that all-important executive. more...
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08.01.04 Certification for Your Accounts Payable Staff
Are Sarbanes-Oxley control issues hammering your AP department? Would you like your AP staff to brush up on some of the latest processes, procedures, and technology used in leading-edge departments? Or would you just like to be able to tell senior management that your AP staff is really of the highest caliber and have something to back up that claim? Then the new IOMA/TAPN AP certification program may be just the thing for your company. more...
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08.01.04 Congratulations to Phelps Dodge as it Goes Platinum
When 60% of an accounts payable department, excluding clerks, earns an APS or APM certification, the entire group earns a departmental certification. more...
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04.01.04 Little Respect for What it Takes to Work in Accounts Payable
This year’s crop of college graduates will be in a better position than their 2003 counterparts. A new report shows upward movement in starting salary offers to new college graduates. more...
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03.01.04 AP Manager of the Year Gets Bonus
We would like to share a note that we received from Diane Gee, the accounts payable manager at Systems & Electronics Inc. She was the winner of IOMA’s Accounts Payable Manager of the Year in the midsize company category. more...
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02.01.04 Test Your Payroll Expertise Online
The American Payroll Association’s Web-based Knowledge Assessment Calculator measures payroll knowledge in critical core areas and immediately recommends training solutions to fill any gaps detected by the assessment. more...
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01.01.04 Leadership in AP
Accounts payable managers will lead their staffs more effectively, according to Managing for Dummies, if they observe seven rules. more...
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