Salary increases are flat, even as the economy improves. This has been true for most recessions. Studies also show that lower salary increases tend to be permanent. These developments are fueling growth of performance-led increases because it is difficult to retain high-functioning employees with a 3% raise.
We hear about the CFO's role becoming more strategic in thought-leadership papers and analyses. Jeff Thomson takes a look at the "operational CFO," interviewing Lon Searle, CFO of YESCO. "I think the CFO role is becoming more operational, and people in operational roles need financial acumen, too," Searle says.
The remnants of a medieval boat dating back to between 1400 and 1600 have been found along the River Chet near the town of Loddon in the U.K. Workers excavating the area for a new drainage dyke came across the vessel's remains.