A little background…..Our client wanted to implement a bonus plan that was 200% higher than previous years and asked for our assistance with how to structure this plan. Sounds generous…right…until you dig a little deeper and that’s exactly what our CFO team did with our collaborative issue processing session.
After a few minutes of questions from our internal CFO team, it became evident that the 150 employees of this company had salaries that were 75% below market norms. In addition, there was no formal performance management system in place, no annual goal setting, no system to offer feedback to the employees, and no formal training program in place.
So…one of our CFO’s immediately said we needed to “Flip the Script” and the team immediately began to focus on the real issues at hand on behalf of our client. We launched into creating a system to, over time, align pay with market and reward employees for real contributions to the bottom line in ways they can control. We did construct a bonus plan as requested by our client; however, what we did was so much more…..We created a new culture…We literally shifted the organization in ways to motivate employees, improve retention for those we want to keep, train those we want to invest in, and ensure that those that cannot achieve their goals or the goals of the company are directed down a different path.
Flip the Script is when you do the opposite of what your natural instincts are. What happens as a result can transform a situation. Our CFO team is brought in by our clients to do exactly this. We are not called in to tell our clients what they want to hear. Instead, we often turn the issue upside down and offer some deeper wisdom to achieve what is truly desired. We tell them what they need to hear and great things happen as a result.
I am honored to work alongside the most brilliant team of CFO’s and to watch the power of many dynamic CFO minds working together to solve our client’s issues. It is times like this I am reminded of how we are filling our mission statement with each client experience: To Enrich Lives.
Are you ready to let someone help you Flip the Script…..Reach out to us Today
Shannon B. Carbone
CFO Strategic Partners
“Our organization was navigating an intense transition involving our government funding partners and public officials. Without the help of CFOSP, we would have experienced severe financial impacts and certainly lost donor confidence.”
CEO Central Florida Historical Society
“I applaud the stellar support provided by our CFO in embracing and understanding our budget priorities and operations that entail hundreds of financial transactions each month and several millions of dollars in expenditures annually. The nature of our business is very complex, yet your firm did not shy away from the challenge of establishing accounting processes and procedures that will sustain us well into the future.”
Kissimmee Chamber of Commerce, Experience Kissimmee
“…The services they have provided have tripled my bottom line, giving us serious profit levels that have helped fund company growth…”
President, Engineering Firm
“There is no limit to the value of the collective experience that the CFO team brings to the table. Their expertise in debt management, tax reporting, cost of funds, and in-depth analysis has been more than I could have hoped for…”
CEO/President, Hotel Corporation
“Since we began working with CFO Strategic Partners, we’re in the best financial position we’ve ever been in… CFO gives my staff and myself financial peace of mind so we can focus on clients and business at hand.”
CEO, Insurance Agency
“With CFO as our partner, we’re able to see the total picture…. Through their expertise, we’re receiving the highest level of educated financial planning that will propel us into the future.”
President, Florida Architectural Firm