Straight Answers

Should I Stay or Should I Go?

Should I Stay or Should I Go?

Straight Answers to Real Questions

Question: I’m the CFO of an owner-managed cosmetics manufacturer here in Mississauga. I’ve been here for over nine years and I’m wondering if I should start looking at the market. It’s not that I’m unhappy; I like my boss, the work’s interesting and everything’s humming along pretty smoothly.

My concern is that if I stay too much longer that it may be difficult to find another job if and when I need to make a move (I’ve heard that if you stay too long in one place that you’re less marketable).…

The Blind Side

The Blind Side

Straight Answers to Real Questions

Question: I’m the CFO of a $100mm automotive services company and I recently had to go to the market to find a contractor to fill in for my Director of Finance who’s going on maternity leave. Our company has been growing very rapidly so I really needed someone who could get up to speed right away and pitch in on all the various new initiatives we’ve got going on.

I interviewed a few candidates, found one that I really liked and before I made him an offer, I stressed that this was a twelve month (and possibly longer) contract and I needed someone who could commit to that length of assignment.…

The 70/30 Rule

The 70/30 Rule

Straight Answers to Real Questions

Question:  I’m the CFO of a $50mm Tier 2 auto parts manufacturer. I’ve recently had to go to the market to recruit a Controller. I’ve looked at a number of candidates and there’s been one person in the process that I’m especially keen on because she would be an excellent fit for us personality wise. That being said, she’s not a perfect candidate. She’s got a lot of what I’m looking for – she comes out of a manufacturing environment and generally speaking she has a well-rounded background.…

Marketing Basics for CFOs

Marketing Basics for CFOs

Straight Answers to Real Questions

Question: I’m the VP Finance of a mid-sized CPG manufacturing concern in Mississauga. I just learned that the company’s owner-managers have decided to look for a strategic buyer so I think it’s about time to start looking at the job market again.

I haven’t done any active job hunting in about fifteen years so I really don’t know if the method of looking for a job today is much different than how it was done back in the day.…

Pay It Forward

Pay It Forward

Straight Answers to Real Questions

Question: I’m the CFO of a $300mm software developer and I’ve recently been in the market for a Manager Financial Planning & Analysis. We’ve zeroed in on what I think is a very good candidate (she’s currently in FP&A with another software firm) but she’s close to the top of what we pay managers at this level (she’s at $115,000 and other managers are making around $120,000).

The candidate is looking for about $125,000 which would put our salary parity scale for this level out of whack.…

Beware Buyer’s Remorse

Beware Buyer’s Remorse

Straight Answers to Real Questions

Question: I run a trade association and we’ve recently had to go to the market to recruit a Director of Finance to look after all of our finance and administration functions of the association. I don’t have a finance background so I’m basically taking the advice of the outgoing incumbent (she’s retiring), in regards to the financial qualifications of the people we’re interviewing.

I’ve seen four people so far and out of that lot, there’s one person that I think might be an okay candidate for the job.…

10 Job Hunting Basics for CFOs

10 Job Hunting Basics for CFOs

Straight Answers to Real Questions

Question: I’m a CPA CA with twenty years’ experience in food manufacturing. I’ve spent  the last ten years as VP Finance and CFO of a frozen food processor in Mississauga. My company was acquired six months ago by a private equity firm and so I decided back then that I should start looking at the market.

I’ve contacted some recruiters and I’ve sent my resume in on a few different CFO and VP Finance jobs that I saw advertised on Indeed Jobs and LinkedIn but I haven’t gotten any traction out of my  job hunting efforts yet.…

Rolling the Dice on a CFO Hire

Rolling the Dice on a CFO Hire

Straight Answers to Real Questions

Question: I’m the CEO of a family owned, $50mm electrical contractor in Scarborough. Our CFO decided to move on unexpectedly and we’ve been conducting a search to replace him over the past two months. I’ve tapped into my network and have seen a number of potential candidates, some of which were okay and some of which were obviously not suitable for the job. I haven’t felt strongly enough about any of them to pull the trigger.…

Show Me the Money

Show Me the Money

Straight Answers to Real Questions

Question: I’m the CFO of a $300mm retail chain. I’ve been interviewing someone to fill a Director, Financial Planning & Forecasting position we’ve got open and we’re just about at the offer stage. The person I’m considering hiring is currently earning $150,000 (plus bonus) which is right at the top of our salary scale for positions at the Director level.

The candidate has indicated that they’re very interested in the position but they’ve also indicated that they’d like a salary of at least $165,000 to make the move.…

The Postman Always Rings Twice (a day)

The Postman Always Rings Twice (a day)

Straight Answers to Real Questions

Question: I have a general question about placement agencies. I’m the VP Finance of a $200mm food products manufacturing company and as you might imagine, I get calls repeatedly and consistently from various and sundry placement agencies looking for business. I don’t have a lot of turnover but on the rare occasion I do have an opening I have given a couple of these placement agencies a shot at filling the job. And I have to say the results I’ve seen from these placement agencies is all over the map.…