CFOs: What Employee Reward Based Programs mean to you.
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CFOs: What Employee Reward Based Programs mean to you.

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How can you, as your company’s CFO, best tackle the unpredictable economic factors such as, higher taxes, ever changing regulations, on-boarding costs and best ways to preserve your most valuable ...

How can you, as your company’s CFO, best tackle the unpredictable economic factors such as, higher taxes, ever changing regulations, on-boarding costs and best ways to preserve your most valuable asset, your employees?

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CFOs: What Employee Reward Based Programs mean to you. Document Transcript

  • 1. CFOs: What Employee Reward Based Programs mean to you.I recently attended a conference hosted by Proformative™, a CFO dedicated organization held in NYC. No, I am not aCFO myself and some have suggested I have friends in “interesting” places.What I found “interesting” was what I was able to learn first hand. Being a CFO presents the same challengesirrespective of any industry.How can you, as your company’s CFO, best tackle the unpredictable economic factors such as, higher taxes, everchanging regulations, on-boarding costs and best ways to preserve your most valuable asset, your employees? boardingYou, as CFO, are now being asked to take on responsibilities outside your standard role. Be the agent of change.Become your company’s growth guru. So what can you do to drive growth?According to many business analysts, CEO’s, CFOs and management consulting firms such as Convergency Partners.Your first key is to understand the importance of combining your leadership acumen. As a leader, you need to .determine how to bring the full power of your organization’s culture together. How to guide, shape and transform organization’syour peoples behavior to succeed -- even in todays volatile and unpredictable environment.Being a CFO may very well mean becoming your company’s product quality expert, sales growth director,controller of health care costs and chief business strategist.Key metrics and growth indicators are expanding to include investments in ROI technology, and how employeeempowerment, recognition and engageme can cut costs and drive growth. engagementHaving a well designed, balanced employee based rewards program with top down recognition has shown itself tobe a vital component toward cutting costs and improving overall company performance. Incentive programs engage mponentand motivate while producing measurable progress, ROI.Although many CFOs, are still not fully comfortable with engagement in human resources or sales, many a to are,their company’s benefit stepping up to the plate and even going along on sales calls. Share This Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845- -228-5136 :: info@taico.com © 2012 Taico® Incentive Services Inc.
  • 2. Even going along on sales calls!Incentive recognition and rewards can include: loyalty programs, an employee appreciation day, recognition andrewards for staff ideas that benefit your organization, a plethora of employee recognition programs or any othercriteria you may want to recognize.HR and Sales Manages have known for a long time the value of engagement, motivation and how implementation engagement,of a well-designed, balanced incentive program can provide great support toward company costs and growth. designed,CFOs of hospital and medical organizations are implementing incentives to improve nurse retention rates, pe personnelperformance and patient experience. Download our free ebook on one such hospital CASE STUDY. Also enclosed inthis ebook is a detailed STEP BY STEP GUIDE on the best performance criteria and a simple approach to create asuccessful recognition and rewards program within your organization.I came across an insightful comment that appeared in CFO magazine given by Leigh Branham, a leading expert onemployee retention and engagement. “I have a friend, who is a CEO, and he says that all of his CEO buddies are high high-fiving each other because the war for talent is over and employees are tree hugging their jobs.” Branham howevergoes on to say: “Personally, I don’t think there’s a lot to celebrate. It just disguises disengagement disengagement.”Share This Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845- -228-5136 :: info@taico.com © 2012 Taico® Incentive Services Inc.