Companies in many industries are facing three significant HR challenges:
- Staff retention and the war for talent
- Staff engagement that delivers company goals while providing work-life balance
- Company brand and reputation as an employer of choice
Left unchecked, these issues can have a substantial impact on the ability for companies to maintain target growth rates.
Leading firms address these issues by optimising their performance and rewards programmes – an approach confirmed in the 2010 global survey of 5,561 HR professionals .
Finovia helps companies establish and/or optimise rewards programmes in ways that directly address the issues of retention, engagement, and brand – while being largely exempt from FBT.
- Performance and rewards strategy
- Employer share schemes
- Salary packaging
- Financial advisory programmes for senior managers
- Group insurance
- Financial education
- Retirement & redundancy support
Companies that take this strategic approach change the focus of their rewards programme from an ancillary feature to a core part of the HR value proposition – ultimately elevating the firm towards the industry’s employer of choice.
- Educational insitutions
- Sporting organisations
 Global BCG/WFPMA Survey, "Creating People Advantage 2010", showed the key difference between high- and low-performing companies was the former regarded Performance Management and Rewards as the 2nd most important capability to have, whereas in low-performing companies it was ranked only 9th (highest-ranked capability across both groups was Improving Leadership Development)