Our company is wasting way too much money on overhead departments. Not enough diligence is done when hiring - poor interview process, laziness and trusting whatever the interviewee says has led to many issues. US finance is terribly overstaffed. It’s also staffed with people who have titles but no relevant experience. One recent hiring that's a huge disappointment is a Director level resource in Revenue Accounting. This person has not handled US GAAP revenue recognition at the level required for this role and should have either not been hired or should have been taken at an entry level. Because the person concerned is inexperienced and unable to guide and deliver, we are now forced to hire both a Manager and Senior Financial Analyst with Revenue Recognition experience so we get some meaningful expertise required for this role and gradually phase out this person. It would have made sense to recruit someone from a listed company with credible revenue accounting experience in US GAAP. There are incompetent people in other F&A teams also. Is anyone going to question why we are hiring so heavily in Accounting and not do enough hard work to assess capability of individuals during interviews?
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Not just our engineering team bro. It’s an Over staffed US finance and accounting department with many directors and VPs draining companies resources. Many inexperienced people with so called fake ‘director’ experience and title have no credibility but have managed to bluff their way through the interview process. There is no pyramid structure. Is anyone highlighting this to CFO and HR? Why not give opportunities to our internal finance talent from the India team that has shown loyalty to the company for many years? Why this obsessing over external talent even when they don’t bring any relevant experience? Why not keep the overhead cost structure low?
It's same nothing changed and don't expect anything change here
wohever psoetd tihs peice waht's the ltaset udptae on the csae?
So, what finally happened in this case. Since I am in the engineering team i do not have much visibility into finance teams. Looks like accounting team also has exceptions
This seems to be a word-for-word lift off from one of the earlier posts. what's the objective beyond this message?