Lease Accounting Trends in Philadelphia

Lease Accounting Trends in PhiladelphiaLease Accounting Trends in PhiladelphiaLEASE ACCOUNTING TRENDS IN PHILADELPHIAHas your company begun the transition to the new lease accounting standard?PhiladelphiaU.S.Yes26%44%No75%56%Finance leaders who reported their company has begun the transition also were asked As part of that transition, have you begun the diagnostic work necessary to determine the level of effort which wil be required for you to be ready to adopt the new standard?PhiladelphiaU.S.Yes, already completed32%48%Yes, started but notlage completed67%51%No, havent started1%1%Have you completed the following?PhiladelphiaU.S.Identified team members and responsibilities for completing the transition to a new standard25%61%Made an inventory of, and prioritized, any systems changes which might be required51%51%Developed a project plan to address all gaps emanating from the diagnostic work54%49%Identified, at a high level, the magnitude and type of the lease inventory (e.g., propert y, equipment)58%49%Written new accounting policies39%47%Written new accounting procedures20%43%Investigated any lease or property management systems which will facilitate adoption27%42%What is the most challenging aspect of the transition to the new standard?PhiladelphiaU.S.1.Identifying, inventorying and categorizing companys leases1.Training staff2.Managing change2.Diagnosing the needed changes3.Training staff3.Finding professionals with the requisite expertiseFor your company, which new accounting standard has been more challenging to adopt?PhiladelphiaU.S.Revenue recognition79%71%Lease accounting21%29%How much of the processes and learnings from transitioning to the new revenue recognition standard have you been able to apply to adopting the new lease accounting standard?PhiladelphiaU.S.fruchtwein of them12%29%Some of them62%54%Almost none of them25%17%Source Robert Half and Protiviti survey of more than 2,000 finance leaders in the United States, including 100 in PhiladelphiaTo tal may not equal 100 percent due to rounding.

Questions to Ask About Employee Benefit Packages

Questions to Ask About Employee Benefit PackagesQuestions to Ask About Employee Benefit PackagesYou have interviewed with a company where the position sounds great, the salary is more than you expected, and the job offer is on the table. Before you say yes though, its important to consider the employee benefits package. Employment benefits can comprise 40%, or even more, of your total compensation package, so its important to know exactly what benefits you will be provided with and to get enough benefit information to ensure that the coverage is what you need. Investigate Benefits Coverage It is much better to be fully informed before you accept a position than it is to have an unpleasant surprise later on. For example, if youre notlage married and want to cover your partner, will your health insurance plan insure him or her? Perhaps, if domestic partner coverage is provided. However, some plans only cover same-sex partners, not opposite-sex partners. Even though this sounds disc riminatory, and its certainly not fair, a federal court has ruled that its legal. Employer-provided insurance plans can have waiting periods of up to 90 days. So, if you or anyone in your family, have health issues, you will need to inquire about when coverage would go into effect. If youre leaving one job for another, you will need interim coverage, fruchtwein likely through the Consolidated Omnibus Budget Reconciliation Act (COBRA). When you have small children or elderly parents or are otherwise a caregiver,you will need to know how generous the sick time policy is. Some employers provide sick leave when either yourself or a family member is sick and allow time off for doctors visits. Others arent as flexible. Some companies provide time-off for holidays, others expect you to work. If you are required to work on a holiday you may, or may not, be paid extra. Vacation leave also varies depending on the organization you work for. Some employers offer a generous amount of vacation or flex time off others dont. There are many different scenarios, as you can see, so its important to review what benefit coverage is provided and to decide whether the employee benefits package is one that meets your needs. A great salary isnt always going to be enough to compensate for an employee benefit plan that doesnt offer what you need. In general, there are employee benefits questions you should ask about to ensure that your overall compensation plan is right for you and for your family. Also, ask specific questions based on your needs and on the criteria that are important to you. Questions to Ask Does the employee pay for health insurance coverage? If so, how much for individual coverage and/or family coverage? Is the premium deducted from my paycheck? How much is the deductible?Can I review a summary of the health insurance plan options? What restricts and limitations are there? What about pre-existing conditions? When does coverage begin?How much sick time, vacation t ime, and holidays are provided. When do benefits start to accrue?What type of pension plan is there? How much does the company contribute? Is life insurance provided? Does the company offer short-term and long-term disability coverage?Are there educational and training benefits? If so, are they are available for my family, as well as for me? One important caveat is never to ask these questions during the interview. Wait until you have a job offer to discuss employee benefits, either with Human Resources or the person who is offering you the job. Next, take some time to review the benefit plans so you can make an educated decision based on the benefits information provided by your prospective employer. Making a Decision Review the benefits offered. Are the programs what you need?What benefit costs are you responsible for paying? How much will this cost on an annual basis?If you have a family - is the workplace family-friendly? Finally, make a decision on whether to accept the pos ition based upon the entire compensation plan, including salary, fringe benefits, and additional perks that may be offered or negotiated. That way, youre accepting, or rejecting, the job based on overall compensation rather than just one facet of it. And, most importantly, you wont have any unexpected costs or benefits issues when it might be too late to do anything about it.

4 Ways Introverts Can Stand Out and Land the Perfect Job

4 Ways Introverts Can Stand Out and Land the Perfect Job4 Ways Introverts Can Stand Out and Land the Perfect JobDid you know that up to half of all people in the U.S. are introverts? This fact, revealed in Susan Cains book Quiet The Power of Introverts in a World That Cant Stop Talking was also was explored in herbeibei popular TED Talk, and it has ignited a conversation about the power of introverts.In her book and TED Talk Cain addressed the undervaluing of introverts, especially in the workplace. She noted that hiring managers often overlook introverts because introversion is seen as a weakness. The good news for introverts is that many of their defining traits are strengths that can make them the best candidates for a wide range of jobs.According to The Myers Briggs Foundation, introverts are people who gain energy by being alone and lose energy by being around others. Extroverts, on the other hand, gain energy by being around other people and lose energy by being alone.The leve l of introversion varies by person, but introverts tend to be more reserved and uncomfortable in large groups. Introverts might seem less engaged or enthusiastic because theyre more introspective. These traits can be misinterpreted as indifference or a lack of passion, but they can be real assets in the workplace.Why Hiring Managers Overlook IntrovertsDuring a job bewerbungsinterview a hiring manager might perceive an introverted candidate as dull or lacking confidence because of his or her reserved demeanor and short, fact-based responses to questions.What the hiring manager cant see during such a short interaction is the introverts amazing ability to observe his or her environment with surgical precision. This trait allows the introvert to notice small nuances that other people often miss. Introverts tend to have a tremendous work ethic but dont usually feel the need to let anyone know.And because an introvert might not be perceived as a people person, he or she might be overlooke d for a promotion because its assumed the person doesnt know how to manage others. Its also true that many introverts dont apply for internal positions or advocate for promotions because they dont enjoy being in the spotlight.Why Introverts Make Great Job CandidatesAlthough its clear why introverts might get passed over, its important to realize the flip side how their traits can add value to a company.Introverts make great employees because theyre excellent listeners, effective writers, diligent researchers and great decision makers, among other positive qualities. They also dont need the constant praise and validation required by many extroverts. Introverts only need clear and concise direction and information. They excel in environments that allow them the autonomy to do their work with minimal interruption.If introverts are given room to breathe, they can do amazing things. For instance, introverts are perfect for jobs that require analysis and forming relationships. Some of the roles in which introverts excel might even surprise you - sales, for instance. No matter the role, though, introverts are team players who can add value to any organization and work well with everyone.How Introverts Can Stand OutIf you recognize some of these traits in yourself, there are a few things you can do to increase your chances of success during the job search and interview process1.Be pickyFocus on what you really want in a job and workplace. Research a company before applying so you can avoid a situation that isnt a good fit. For example, you probably dont want to work in a job where you have multiple bosses always looking over your shoulder. Look for an opportunity that will afford you some autonomy.2.Take your timeYou dont like to be rushed or pressured into things, so allow plenty of time to review your options. You can avoid stress by setting some parameters for the type of job you want and the type of company youre looking for. Then you can narrow down your top cho ices before applying. When its interview time, prepare in advance so you can go in with confidence.3.Observe during the interviewDuring interviews you should tap into your power of observation and study how the hiring manager is responding. If she seems disengaged, try to elaborate more on your answers and make eye contact to show youre engaged. A genuine smile never hurts.4.Follow up after the interviewTake time to reflect after the interview and consider how things went. Think about the interview from the hiring managers perspective. List reasons why youre right for the job. Write a note to the hiring manager thanking her for the opportunity. Include a brief summary of how you can help meet the companys goals. This is an easy way to forge a connection, show your appreciation and reinforce your interpersonal skills.Its understandable why hiring managers sometimes overlook introverts. Armed with this knowledge, you can take steps to help them see that youre an ideal candidate. Learn how to effectively communicate your strengths and youll stand out in the job market and serve as an example of the power of introverts.Brook Price is president and co-founder ofForte Strong, a failure-to-launch program that gives young men the skills and character traits they need to tackle the challenges of life. Brook has more than 15 years of experience working for some of the most prestigious leadership programs in the nation.