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May 2023: Learn the importance of assessment tools

By Business Consulting, Human Resources


Learn the importance of assessment tools –to nurture engagement, productivity & retention

By: Deborah Kraussé

“Employees who believe that management is concerned about them as a whole person – not just an employee – are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.” Anne M. Mulcahy, former chairperson and CEO of Xerox Corporation

  • Engagement refers to the level of emotional commitment and involvement employees have toward their job and organization.
  • Productivity refers to the level of output and efficiency employees achieve in their work.
  • Retention refers to employees who are more likely to stay with their employer and less likely to seek employment elsewhere.

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April 2023: Selecting your technology- how to strike the right balance

By Business Consulting, Human Resources


David Nelms serves as a member of Warren Whitney’s management team of for-profit and not-for-profit clients. He works with firms in the areas of technology and operations, where he provides services ranging from strategic planning to ongoing management of teams and key initiatives.

Selecting your technology- how to strike the right balance

By: David Nelms

Numerous factors impact an organization’s technology-related needs. Expansion of the business, operational changes or inefficiencies, obsolescence of current technologies, and increased risks or regulations are just a few things that often cause business leaders to evaluate new technologies or technology partners.

With most technologies, there is rarely a perfect, “one size fits all” solution. Making the appropriate selection typically requires evaluating tradeoffs and striking a balance between several factors. When organizations are faced with choosing new technologies or partners, we recommend taking the following steps:

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March 2023: Recruitment & Retention Strategies- embracing a new mindset

By Business Consulting, Human Resources


Tom Prest- HR Leader

Recruitment & Retention Strategies- embracing a new mindset

By: Tom Prest

Post-pandemic, the employee mindset has irrevocably changed, impacting the future of our work environment. The roller coaster of these past couple of years has shifted the priorities of the workforce; with now greater importance on work-life balance, needing to feel valued at work, and overall satisfaction. Leaders must adapt to these changes to inspire and motivate their staff. Considering these environmental changes, this article highlights six best practices to embrace to attract and retain top talent.

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February 2023: Cashflow Forecasting- A vital tool for your business

By Business Consulting, Finance & Accounting


Helen Dow-Finance and Accounting Director

Cashflow Forecasting: A vital tool for your business to maximize performance & manage risk

By: Helen Dow

Cash is the fuel of business. Run out of it, and your business engine shuts down, leaving you with a machine that doesn’t work.

For something so crucial to the life and success of a business, you would think it would be given more prominence in strategic planning and day-to-day decision-making, especially since important decisions with long-term financial impact are often made. And some of those decisions involve future investments, balloon payments, and contingencies. The best tool to predict and manage cash levels is a Cashflow Forecast.

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January 2023: Strategic Planning for Businesses

By Business Consulting, Strategic Planning, Strategy


Stephanie Ford is a director of Warren Whitney and is responsible for Business Development. Stephanie has more than 20 years of diverse client experience, including manufacturers, financial services, distributors, professional services, real estate, and nonprofits.

Strategic Planning for Businesses: prepare for the future

The most important investment in your business this year!

By: Stephanie T. Ford

The start of a new year often has us reflecting on the past and thinking of goals for the year ahead. Similarly, as leaders of organizations, the beginning of the year is a time to assess and plan for the future. Naturally, this may have you thinking about a strategic planning process for your company.

Strategic Planning can provide several benefits even for small to mid-size organizations or privately held companies. By defining a clear vision and mission, it can help to put everyone on the same page. I have seen how this can be a unifying and motivating exercise, which helps to foster a good culture and employee retention. It builds engagement and buy-in, which is beneficial in supporting teams to work together towards common goals by creating goals, strategies, and tactics together. Strategic Planning can also be a way to communicate vision internally to motivate existing employees and externally to attract new workers and help coalesce support from potential funders, investors, vendors, and even perhaps new clients.

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March 2022: Best Practices for Employee Performance Reviews

By Business Consulting, Human Resources

Best Practices for Employee Performance Reviews- To build leaders, culture, & retention

By: Anne McGraw

Two years into the pandemic, it is clear that organizations need to modernize how they address performance reviews; the old one-size-fits-all approach and rating systems no longer serve a purpose in the modern-day workplace. While the traditional style of performance reviews was already being questioned pre-pandemic, it is more evident now why the process needs to be reevaluated with workers placing greater importance on job satisfaction. With this shift in mindset, businesses need to nurture employee skill sets, improve communications, and have reviews focus on the positives. Professional development needs to be at the core of this new initiative which in turn will create a healthy culture, build leaders, and foster retention.

Here are three ways to rethink how to handle performance management to build an agile, involved, and dedicated workforce.

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February 2022: Learn how Business Process Analysis can Benefit your Organization

By Business Consulting, Human Resources

Learn how Business Process Analysis can Benefit your Organization

By: Jennifer Meals

Since joining Warren Whitney, I’ve spent some time reflecting on the most common issues companies face. In my experience, one issue that consistently needs to be addressed is modifying and improving processes. Improving process flow (also known as business process analysis) has a significant positive impact with the least disruption. Here is an overview of what BPA is and how it can benefit your organization.

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Client List: Fractional Finance/Accounting Roles

By Business Consulting, Client, Finance & Accounting

Fractional CFO/Controller

Nonprofit Clients

Goodwill of Central Virginia

Trinity Episcopal School

Visual Arts Center of Richmond

 

For-Profit Clients

Activation Capital

Boldtrunners and Cannadips

Virginia Beer Wholesalers

Virginia Estate and Trust Law

 

Fractional Bookkeeping/Senior Accounting

Nonprofit Clients

Disability Law Center

Historic Richmond Foundation

James River Association

NextUp RVA

Second Presbyterian Church

The Community Foundation

Visual Arts Center of Richmond

 

For-Profit Clients

Boldtrunners and Cannadips

Hilb Group

Virginia Beer Wholesalers

 

MAKING POTENTIAL HAPPEN

 

January 2022: HR strategies for a Prosperous 2022

By Business Consulting, Human Resources

HR Strategies for a Prosperous 2022: Employee Retention Essentials

By: Beth Williams

While the Omicron variant has created a chaotic start to the new year, organizations still need to evaluate their HR policies to position themselves for a successful 2022. With unprecedented quit rates in 2021 and employees requiring more than just “work” and “pay,” —  this year’s focus should be on employee retention strategies for job satisfaction and initiatives to support recruiting efforts.

Regardless of whether your team is working virtually or in person, here are three steps leaders can take to invest in your employees’ well-being to build engagement and keep your workforce happy in 2022!

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December 2021: Advice to Achieve Success & Happiness

By Business Consulting, Finance & Accounting

Advice to Achieve Success and Happiness: Reflecting on a 40-year career

By: Gene Gregory

Having worked more years than I like to admit, there are a few things that I have learned that helped me succeed and find fulfillment in my work.  While we all approach our work careers differently, I hope my experiences will resonate with you. Here are three things I attribute to my continued success and passion:

  1. Define and evaluate career goals.
  2. Strive to make the most of the workday.
  3. Never stop learning.

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