Accountability in Four Easy Steps
Source: Partner Insights
The following includes excerpts, reproduced with permission, from an article by Marty Stanley, president of Dynamic Dialog, Inc.
Accountability hasn’t been considered the “next big idea” because it’s not “flashy.” There are no “bragging rights” about implementing an accountability process. After all, accountability means people would need to change, rather than a system or process that needs to change. And who wants to be accountable if it means having to personally change?
On the other hand we’ve seen what happens when there’s no accountability for leading people or processes: The dot-com bust, Enron, Katrina, FEMA…Scandals everywhere: Politics, religion, sports…Bernie Madoff, bailouts and industries collapsing…Product recalls, contaminated foods, greed, waste and excess.
Here are four easy steps to holding people accountable:
- Use job descriptions as the basis for hiring or promoting people into a position.
- Share the job description with incumbents so they know their accountabilities and let them know this will be used for training, coaching, and performance feedback.
- Have objective ways to measure and monitor performance and communicate those methods to the people performing the jobs. Follow through by providing feedback about performance.
- Provide training and coaching opportunities to enhance performance.
IRS FIN 48
IRS FIN 48 Background As a result of the impending effective date for the application of Financial Accounting Standard Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, of FASB Statement 109 (FIN 48), some taxpayers may wish to request a greatly accelerated examination and resolution before the end of their current financial statement…
Where Should You Retire if You’re Wealthy?
Where Should You Retire if You’re Wealthy? Best Places Retire in USA if You’re Wealthy You’ve spent your lifetime accumulating wealth through your employment and other business endeavors. You have been successful at what you do and now the time has finally come when you’re ready to ride off into the sunset, so-to-speak. It’s time for…
Automatic Penalties for Late Form 5471s and Related Forms
Automatic Penalties for Late Form 5471s and Related Forms On January 1, 2009, the IRS will begin to automatically assess section 6038 penalties for each late-filed Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, and late filing penalties under section 6651 for related forms. IRS is now sending out letters…
Selecting a Good Trustee – Factors to Consider When Choosing a Trustee
Selecting a Good Trustee – Factors to Consider When Choosing a Trustee By Rocco Beatrice WHAT TO LOOK FOR IN A TRUSTEE When selecting a Trustee the most important qualities of a trustee are honesty, stability, dependability, organization, financial experience, and ability to devote time and energy on an impartial basis for the benefit of…