First Data is shaping the future of global commerce by delivering the world’s most secure and innovated payment solutions. Point b created the internal brand “First Rewards” for First Data, because the company recognizes it’s their people who fulfill the First Data brand promise and it’s their skills and knowledge that set them apart from the competition.
In an age when companies are losing 50 percent of their employees every four years and 50 percent of their customers every five years, employee satisfaction is a premium. First Data, a leader in electronic commerce and payment services, wanted a way to curb attrition and attract and retain the best and the brightest talent.
The company had grown rapidly through a series of acquisitions and mergers. Surveys revealed that employees were discontented with the differences in benefits, long hours, poor lines of communication, too much focus on cost cutting and lack of employee recognition.
Human Resources and Hewitt Associates were making great strides in resolving this complex issue, however, the perception among employees was that the situation was not being addressed.
When developing and implementing a people strategy with progressive people practices, a combination of practices is more effective than a single practice. More transparency, combined with more timely communication, would be required to garner the necessary support to position First Data as an Employer of Choice.
The Denver Business Journal and Atlanta Business Chronicle awarded First Data the prestigious top-place-to-work award.
Employer of Choice
Increase in 401K participation
Positive increase in employee survey