HIFX Europe Limited

Hidden mission statement
http://www.hifx.co.uk/

Officially a Very Good
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Officially a Very Good
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Officially an Outstanding
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Officially an Outstanding
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Officially a World Class
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Officially a World Class
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Officially a Good
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Officially a Global*
Good Company
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Officially a Good
Company to Work For
Globally*

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Best Company to work for in the UK
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Best Company
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The specialist provider of foreign exchange services knows the value of treating staff well and they appreciate it, giving a score of 81% for managers telling them when they have done a good job and rewarding them appropriately. Work is fun (85%), employees get a buzz from working with their colleagues (75%) and find it easy to be themselves at work (80%).

Featured Workplace Factors

My Company

96% of staff agreed

I believe I can make a valuable contribution to the success of this organisation

Hifx provide incentive linked pay schemes to all employees regardless of job function. Management and support services staff are eligible for a quarterly bonus that is a % of their annual basic salary.Each employee is linked to the performance of the company (or their dept) financial results (top line and/or bottom line) as well as key customer metrics such as NPS (net promoter score - driving customer excellence). Employees are paid against a blend of company metrics dependant on their role. For some involved in IT/technology and payment processing this will be STP (straight-through processing) element of bonus pay (for driving automation and efficient payment services). They then pay some functions (e.g. sales, marketing and management) on customer conversions. Some of the senior management are paid against staff survey results (e.g. senior directors and HR director and HR team). They then pay an element of people's bonus pay linked to personal / team performance (e.g. progress against actions). By having a universal framework for how they pay bonuses, they ensure that everyone from board level to the post-room is aligned to the same objectives and focused on customer service excellence. In addition to bonus/incentive pay, they also recognise star performers (or those people that go beyond the call of duty) and regularly organise fun activities such as go-karting, nights out, trips to special places (e.g. Maclaren racing Head office). Hifx also provide high performers with awards known at HiFX as "ITNs" (interesting to note) with recognition awards given for exceptional behaviour.

My Team

93% of staff agreed

My team is fun to work with

The CEO at Hifx 'walks the floor' every day and takes time to speak to staff and understand how they are getting on within their roles and what challenges they may currently be facing. The CEO, personally leads each staff communciation presentation and takes sigificant time to prepare for these presentations. Their CEO presents in an open/honest manner that is not sugar coated in 'management speak'. He allows people to ask questions without fear and takes time to answer all questions raised, Ensuring any questions not answered in the meeting are answered ASAP after presentations.

My Manager

88% of staff agreed

My manager cares about me as an individual

The CEO at Hifx 'walks the floor' every day and takes time to speak to staff and understand how they are getting on within their roles and what challenges they may currently be facing. The CEO, personally leads each staff communciation presentation and takes sigificant time to prepare for these presentations. Their CEO presents in an open/honest manner that is not sugar coated in 'management speak'. He allows people to ask questions without fear and takes time to answer all questions raised, Ensuring any questions not answered in the meeting are answered ASAP after presentations.

Quick Facts

Organisation established in
Total number of employees
Number of UK locations
Employee average age
Male : Female employee ratio
Employees earning £35k+
Employee turnover (voluntary)

Benefits

Long Service

Companies where at least 40% of the staff have worked there for more than five years.

Maternity

Companies offering at least 10 weeks’ full pay or generous alternative.

Pensions

Companies offering a final salary scheme to all employees, or one in which the employer's contribution is at least 5%.

List Positions

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