The past year of my consultancy life with Insurance at Heart I´ve seen two versions of mindset with CFOs and same level executives.
– Some want to hear only about short-term win, highly relevant for this year’s reporting
– The other type is proactively asking to be challenged and hear new way of thinking, how we can drive transformative, lasting financial changes and how savings can be used to improve the whole workplace culture.
Both mindsets want to “do good”, deliver on KPIs etc. – different approach and different outcome. I work with both – and I do smile, when knowing that executives from the short-term group is changing the mindset….:-) I smile even more when CFO or Global Risk Managers use their “power platform” to drive real people changes. This is why I always encourage to invite HR and Health & Safety for “dialogue the/coffee” discussing cross-functional initiatives to reduce mental health/improve corporate resilience. Time is our currency of today, but also a big challenge stopping many initiatives. Sometimes 45 min. of mutual inspiration can pay off, both building work relations and inspire others. Give it a try 🙂 It works.
People is a RISK – they get sick, resign, they complain, some are unionized, they dont like their manager, some use the insurance offerings etc). Realizing that the whole workforce is your key to success, but also your biggest costs it is a clear executive and board agenda item – just like any other risk, where you discuss risk appetite, track progress, measure, transfer to insurance and prioritize to the best for the company.
Financial decisions, workforce culture and care benefits are more interlinked, more costly and relevant than ever. It´s your company nerve and your way to retain your people.
Sustainable Finance is about financing the future workplace culture cross all your entities scaling your group efficiencies to improve corporate wellbeing. Short term savings are fine, we can all do that, but sustainable savings are good corporate governance and risk management.
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