Flight Centre & Moneywise - The story of... Presented by Alisa Caldwell
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Evolution 1973 1976 1980 1983 1987 1995 2000 2004 2014 First bus was Expansion 73 busses First Flight First Flight First 500 shops FCNZ profit Top Deck purchased & into Russia, in the Top Centre Centre in NZ Corporate and 3000 of $19Mil bought converted North Deck fleet opened Top Deck Team staff back by Tours began America sold to FC lists on globally Flight around and concentrate the Centre Europe Scandinavia on FC ASX@95c Live your best life
Present Day 18,500 2500 stores staff Corporate Travel Management network spans 90+ countries 30 12 brands countries Turnover over AUD$12 billion FCTG Profit of AUD$365 million Live your best life
New Zealand 140 Shops over 1200+ Staff 4 Retail brands 1 2 3 4 Largest market Large Corporate share in NZ Business Live your best life
Demographic of FC 80% Female. 10% are part One third of time/Job share those are working mums 1 2 3 4 Average We have shops age is 30 from Kaitaia to Invercargill Live your best life
Our Philosophies Our Values Our Business Model 1. Our People 6. Ownership 2. Our Customer 7. Incentives 3. Brightness of Future 8. Our Standard Systems 4. Taking Responsibility 9. Family, Village, Tribe 5. Egalitarianism & Unity 10.Profit Live your best life
Our Philosophies Our Values Our Business Model Our Company is our people. We care for our colleagues’ health and wellbeing, their 1. Our People 6. Ownership personal and professional development and their 2. Our Customer 7. Incentives financial security. We believe that work should be 3. Brightness of Future 8. Our Standard Systems challenging and fun for everyone and through work 4. Taking Responsibility 9. Family, Village, Tribe we contribute to our community. 5. Egalitarianism & Unity 10.Profit Live your best life
Our Philosophies Our Values Our Business Model Incentives are based on 1. Our People 6. Ownership measurable and reliable outcome-based KPIs. We 2. Our Customer 7. Incentives believe that ‘what gets rewarded gets done’. If the 3. Brightness of Future 8. Our Standard Systems right outcomes are rewarded, our company and our people 4. Taking Responsibility 9. Family, Village, Tribe will prosper. 5. Egalitarianism & Unity 10.Profit Live your best life
Our Philosophies We believe each individual in Our Values Our Business Model our company should have the opportunity to share in the 1. Our People 6. Ownership company’s success through outcome-based incentives, 2. Our Customer 7. Incentives profit share, BOS (Business Ownership Scheme) and 3. Brightness of Future 8. Our Standard Systems Employee Share Schemes. It is important that business 4. Taking Responsibility 9. Family, Village, Tribe leaders and business team members see the business 5. Egalitarianism & Unity 10.Profit they run as their business. Live your best life
MWG History Moneywise Global (MWG) was launched in 1994 to support the employees of FCTG in their endeavours to become financial success stories in their own right. Live your best life
Skroo’s vision 1. Recruitment - differentiate FCTG in a tough labour market. 2. Retention - reduction of staff turnover where a small improvement means large savings. 3. Productivity - linking personal goals to workplace performance in a sales/commission environment. 4. Basic Education - financial literacy. 5. Stress Reduction - health benefits. Live your best life
Our MWG Purpose We empower people to live the life they want to live, not the life they have to live. Live your best life Live your best life
We believe financial advice is for everyone Moneywise gives all employees the opportunity to seek financial advice regardless of their circumstances. This can be as simple as helping with cash flow management or more complex advice such as preparing for retirement. Live your best life
Organise Protect and Grow There is a clear correlation between financial security and people’s personal wellbeing. Organising, Protecting and Growing our staff and their families is the approach we adopt when providing advice. Achieving this creates a level of comfort and certainty which makes a happier employee, therefore benefiting everyone. Live your best life
We are of the belief that staff that are happy staff are more productive Through feedback and implemented advice, employees feel confident that they are well positioned financially, have a plan and are able to focus on their role. Live your best life
Deliver Knowledge to change We have found over the 21 years we have been delivering our services that if we focus on a staff member’s financial literacy, we can alleviate financial stress, then we have more engaged, focused staff who are far more productive. We understand our staff want to engage with us in different ways. This is why we provide face to face, over the phone, presentation and web based information and advice. Live your best life
The team Advice, Home Loans & Tax 50 Staff in 5 countries Offices in 10 cities with our head office in Sydney Paraplanning Team External Corporate Offering Live your best life
Our Range Face to Face New Property Ins/Risk Advice Personal Tax Wealth Creation Purchase KiwiSaver Tailored Advice Travel to Client Private Health Reporting Presentations Telephone Refinance Enquires Cash flow Debt Mgmt Estate Retirement Knowledge First Home Mgmt Planning Planning Centre Live your best life
Our Findings 96% of FC staff who are eligible to opt into KiwiSaver belong to the scheme. 72% indicated they were more focused on improving commissions after their Moneywise consult. 61% indicated commissions had improved since seeing Moneywise. 87% of staff said their basic financial literacy understanding had increased after seeing Moneywise. Live your best life
The future of MWG in NZ Implementation of our Knowledge Centre – Financial Literacy 24/7 Growth of the team to keep up with the growth of FCNZ Introduction of external corporate client offering Live your best life
Questions Live your best life
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