The Tailor made benefits package

 

If you can't see the Public Finance email below click here to view the web version Advice and tips from Public Finance magazine and CIPFA Recruitment Services    June 2014 | Public Finance Home | Contact us Five tips to help you to craft an employee benefits package that scares the competition Design an attractive package   Easy to say, but true. Most people are visual creatures, so take a good look at your employee benefits package and ask: is it attractive? Does it appeal to you? From the outside, looking in, what do people see? Rather than applying a one-size-fits-all model, structure packages to suit your target audiences.  Culture emanates from 'the top' The culture of an organisation is an essential component in employee benefits packages. Get it wrong, and people will leave or you will struggle to recruit the right candidates; get it right, and it will act as a magnet for the best. Fruitful cultures are those formed by a leadership able to effectively communicate and unite employees in a common purpose. Other important criteria for an attractive organisational culture include: provision of training opportunities, investment in time, fairness, appreciation for a job well done, recognising that not everyone is the same and making the most of individuals skills.  Make your identity visible Adding clarity to your organisation’s identity will improve its clout with recruits. Identity should evolve from a sense of pride in being part of the organisation or company. When recruiting, aim to take on likeminded people. Organisations that treat individuals with respect, while embracing the ‘We, not I’ approach, do well.    Diversity Senior managers who actively encourage workplace diversity add value to the employee benefits package by creating a culture of inclusiveness. Encouraging diversity of skills and people, as well as fostering acceptance and respect, appeals to many employees. This is because diversification creates a feeling of being valued. Being valued is often prized above financial incentives by employees. Diversity delivers numerous business benefits, with variation shaping change and movement within an organisation. Nurture a spirit of-collaboration It’s very easy to come into the office each day and adopt a ‘silo’ mentality, but this does not benefit the employee or organisation. Businesses and organisations that are gaining market share frequently are those that cultivate a spirit of collaboration in the office. Encourage and enable connections, both within and outside the organisation. Senior managers need to encourage a feeling that you can be stronger working together rather than apart. Collaborative organisations have a lot to offer prospective employees, adding a perceived value to their benefits package. Read the full article for more tips>>   Join the conversation:       About CIPFA Recruitment Services With a reputation for providing the highest standards of professional counsel, CIPFA Recruitment Services (CRS) is the industry’s leading authority on all aspects of recruitment in public sector finance.  Uniquely, CRS is able to draw upon its relationship with the Chartered Institute of Public Finance and Accountancy (CIPFA), the world’s only professional accountancy body to specialise in public services, including quality training and governance. The CRS team has over 20 years industry experience and access to the very best candidates via its extensive network of close and established associates. CRS specialise in both interim solutions and permanent posts. They focus on financial management, corporate services and human resources across the public sector including local government, education and social enterprise to name but a few. Find out more For more information about our services and to discuss your recruitment needs please contact our team: T: 020 8667 1144 E: recruitmentservices@cipfa.org W: www.cipfa.org/recruitmentservices     ©CIPFA, 3 Robert St, London, WC2N 6RL Tel: +44 (0) 20 7543 5600 Click here to unsubscribe from this email