Ep. 67: Gordon Hofman - How Can I Improve My Organizational Culture for Better Productivity?
Gordon Hofman, VP - Finance at SSA Marine, has twenty one years of
progressive experience with a multi-billion dollar privately held
transportation company and its technology development subsidiary.
He is a people and teams leader responsible for directin
15 Minuten
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IMA® (Institute of Management Accountants) brings you the latest perspectives and learnings on all things affecting the accounting and finance world, as told by the experts working in the field and the thought leaders shaping the profession.
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vor 5 Jahren
Contact Gordon Hofman:
https://www.linkedin.com/in/grhofman/
FULL EPISODE TRANSCRIPT
Mitch: (00:00)
Welcome back for episode 67 of Count Me In. I'm your host Mitch
Roshong, and I'll be bringing you to Adam's conversation with the
vice president of finance for SSA Marine, Gordon Hoffman. SSA
Marine is a global transportation and trucking firm with
operations across five continents. Gordon is responsible for
directing the financial strategy of the company and leading
people in teams to efficiently move commerce. In this episode he
talked to Adam about how organizational culture plays such an
important role in employee retention and personal productivity,
particularly within his finance function. Let's head over to
their conversation to hear more now.
Adam: (00:48)
So to start off, what are the drivers that help to create a
culture of productivity within an organization?
Gordon: (00:56)
Yeah, so there's, there's three main drivers that we're really
focusing on right now and what those are is, you know, one is
just providing meaning in the work that's being done. If you have
people that are just showing up and doing tasks, you find that,
you know, they'll start to space out, they're not really focused
and then they'll get what needs to be done, done. But there's
never really any emphasis to go above and beyond that or look for
process, you know, to look for ways to improve. And what we've
been doing to bring some focus in that is really just trying to
create a connection between the company vision and the actual
work, which can be a little bit tricky when you're, you're
talking about finance and accounting because you know the vision
for our company is we partnered to move commerce with efficiency,
flexibility and integrity and at top level that's really kind of
challenging too say, well, what does that have to do with
finance? But from there what we've done is broken that down and,
and really made a trail from our vision, which, how does that
translate into values? How does that translate into more core
long term objectives? And then finally, what are the strategies
that help us achieve those objectives? And once you've done those
three, four pieces, it's much easier to sit down with your team
and say, you know, this is what we're trying to accomplish. This
is how it fits with the overall company vision. And that kind of
brings people into the company and what we're trying to
accomplish. And so it's, that's a bit of a motivational factor
that I think is really important to having people engaged and
really thinking about how they can improve and how they can be
productive and how they can add value. Once you have people
engaged at that level, there's, you know, some more, you know,
task related items that we really focus on them, which is one
maker productivity measurable. Really you need to have some KPIs.
I noticed in the past for us, we were on the operation side very
focused on KPIs, the business operations side. But when I
actually came to finance and accounting, you started asking about
what our metrics are and they were, they're just weren't very
many of them. Yeah. So once we, once we've really created that
motivation and buy in for the company, you know, coming up with
ways that you can actually measure your productivity. Cause you
know, a lot of the times on the business side you can really
focus on your operations. In our business, what's important is
how many containers we've moved in an hour. And so a lot of our
business was focused around that. But then when we got on the
back end of finance and accounting, we stopped doing KPIs. And so
we now adjust that. So those KPIs are just as important for
measuring productivity within your finance. It really driving and
showing people how you're improving. And then the final item on
there is just creating priorities and making sure that you're
checking into those priorities on a weekly basis. It's very easy,
I've found on the finance accounting side, you know, where are
the people that fix the problems and you're always putting out
the fires and then you boost focus on really what is value
adding. So taking some time on, on a weekly basis to readjust
your priorities and make sure that you're focused on whatever
those top three items or five items are in the coming week that
really can add that.
Adam: (04:20)
So now, you know, it seems like everybody in the whole world
currently is working from home. How have you been able to kind of
implement these things switching to a work from home
workforce.
Gordon: (04:31)
Yeah. It's interesting that, you know, we were talking about this
probably three or four weeks before covid really started
impacting everyone who said we want to, we want to be able to
make it so that people can work at home and work remotely more
often. Cause you know, especially with the younger generations,
this is incredibly motivating for them and it's like a value they
see in their business. So it's, it really comes around like, but
once again, it's like setting priorities and then setting
expectations, and then being able to measure them so that because
you can't sit down and have a chat with someone or walk over to
their desk and have a chat with them and say, well, how are
things going? What do you have on your plate? You have to have
other ways to really be able to demonstrate that no, you are
getting what needs to be done, done. Everybody's on the same
page. So in a way it's more documentation, which is thinking a
little bit scary because it feels like you're creating a lot of
bureaucracy. But by creating that, that documentation, it forces
you into like the third item I talked about like, you know,
really doing that weekly review of what the priorities are and
then making sure that you're staying on task for them. So it
really just, the work from home culture has just reinforced that
you need to, you need to do this going forward.
Adam: (05:51)
So do you have some examples to share of, of success?
Gordon: (05:55)
Yeah, so we've got some like really granular levels of examples.
One thing that we've found that's been incredibly successful for
us is time blocking, where people just, you know, set out like
two hours in their day and I'm going to get this done and I'm not
going to answer email. I'm not gonna miss chat or anything like
that. And you know, when we have people do that and really honor
those two hours, the feedback we consistently get is like, I
can't believe how much I got done. It's like I was able to knock
that out. you know, and it was a lot easier. And I was originally
thinking rather than taking what I thought was going to be a full
day project, I got done in like two or three hours. So time
blocking has been one of the first successes that we've gotten a
lot of positive feedback from. The second thing that's been very
beneficial to us on the prioritization we as an organization
really mix our FP and a or historically we'd mix start FP and a
and our accounting groups together in what we were seeing is that
there was a lot of conflict in demand for if people's time that
that wasn't really effective in actually getting things done. So
people were kind of doing both jobs halfway instead of doing one
of them completely and we just, we weren't making no, the
deadlines that we're expected to make or the quality of product
wasn't good. So we ended up really splitting those pieces up and
we did that by like just digging into each of those processes and
understanding what the bottlene...
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