How Businesses are Handling Changes in Employee Benefits Coverage

President & CEO Magazine http://www.presidentandceomagazine.com/finance-operations/5140-how-businesses-are-handling-changes-in-employee-benefits-coverage.html   The U.S. is facing massive changes in healthcare costs, as provider fees rise and insurance covers less. CFOs and other senior executives responsible for determining medical benefits costs for employees and their dependents must balance the costs to both the business and the employee to remain competitive and attract the best talent. Recently, an international Hardesty client began hiring staff in the U.S.  The client, unfamiliar with what American employees might expect, needed real-life scenarios to set benchmarks that would help establish what percentage of employee medical insurance costs the business would cover. As i ...

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How Businesses are Handling Changes in Employee Benefits Coverage

The U.S. is facing massive changes in healthcare costs, as provider fees rise and insurance covers less. CFOs and other senior executives responsible for determining medical benefits costs for employees and their dependents must balance the costs to both the business and the employee to remain competitive and attract the best talent. Recently, an international Hardesty client began hiring staff in the U.S.  The client, unfamiliar with what American employees might expect, needed real-life scenarios to set benchmarks that would help establish what percentage of employee medical insurance costs the business would cover. As is often the case when our clients face an unprecedented situation, more than a dozen Hardesty partners immediately collaborated, offering their own business experience as ...

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E&Y Study Shows Private Equity Backed Companies Crushing Public Markets

Hardesty Partner, and MiddleMarketCFO blogger Greg Eyink recently posted interesting take-aways from the E&Y study about private equity exits in North America. A new study released by Ernst & Young examined 539 Private Equity deals that exited from 2006 to 2012. These are my key takeaways from the study: PE backed firms crushed public companies and have done quite well in spite of the recession. The PE exits from 2006 – 2012 outperformed investor returns on publicly held companies by a multiple of 5.4 over the same period. For PE exits from 2010 – 2012, many of which were entered into prior to the recession, annual EBITDA growth averaged 11.8% compared to 5.5% in public markets. Organic revenue growth is increasingly the primary driver of growth in EBITDA. For PE exits from 2010 – ...

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Our Four Favorite Excel Functions for Finance Professionals

Most financial leaders are spreadsheet junkies. We pore over mountains of data, seeking the latest trends and predicting how customers will behave in the future. That’s why we live and breathe Microsoft Excel. Sure, it’s a common business tool that has been around for over 25 years, but it packs a lot of powerful functionality. Many of us at Hardesty have built our careers crunching numbers in Excel, so we’ve come up with our four favorite Excel functions and ways they can be helpful to today’s business executives. The CHOOSE function The CHOOSE function is handy when you need to return the values from an existing list depending on specific input. When building models, it can adjust formulas for a scenario selected from a drop down menu. Let’s say you were trying to work out total revenue ...

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Five Steps to Overcoming a Financial Crisis

The term “financial crisis” is a broad term that describes any situation in which the value of financial institutions or assets drops rapidly. A financial crisis can have varying degrees of severity depending on the underlying causes, which can include recessions, overvalued assets, stock market activity, poor debt management, regulatory failures and other factors, many of which may be out of your control. There’s no crystal ball, but having a reliable sense of your future cash flow can provide you with the time to manage your crisis plan before a crisis ever happens. Below are five steps your organization can put into place to prevent, or overcome, a financial crisis: 1) Establish a communications plan. Every organization has a chain of command, but in a crisis, the rules chan ...

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