CFO Studio Magazine - CFO Innovation Award Winners

WINNER 12 WWW.CFOSTUDIO.COM 2nd QUARTER 2015 Finalists for CFO Success Award — Operations • James Blake, Vice President, Treasurer and Chief Financial Officer, The Morey Organization • Robert Friedman, Chief Financial Officer, BAMCO, Inc. • Steve Storch, Chief Financial Officer, Reservoir Media Management • Diederik van Dijk, Chief Financial Officer, FrieslandCampina Ingredients • Nicholas Visco, Chief Financial Officer, SEAL Consulting CFO Success Award Operations Alison Cornell Senior Vice President and Chief Financial Officer Covance, Inc. “To create the best place to work, get to know the people on your team as individuals. Literally…meet with each individual on your teamone-on-one, either in person or on the phone, in their time zone. Engage with employees in town halls and in roundtable discussions.Then put together the pieces of different conversations. Sometimes it’s not only what’s said, it’s what’s not said that you need to be listening for to really knowwhat’s going on.…There’s a book, The Deadly Sins of Employee Retention , byMark Murphy.The essence of the book is that people have ‘shoves’ and people have ‘tugs.’Things that push them away fromwork are the shoves and things that keep themhere are the tugs. It’s important to knowwhat those are for each individual.…Key things to consider when creating the best place to work include: People want to feel they have opportunities.…Each person needs to own their career and have an individual development plan in place that you need to help enable. An individual development plan should be a living document, not just ‘check the box,’ but very thought-out and well planned. You need to jointly commit to the plan and ensure people actually get the development agreed upon. You also need to take steps to ensure fairness in ratings and pay.”