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 [1].

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.

Franchises
Educational insitutions
Sporting organisations

[1] 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)