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High Performing Finance Organizations (HIPO) Program

To deliver at far greater speed the projects supporting sustained airline financial health outlined in the Financial Committee white paper (pdf), it is critical for IATA, the industry governance, and the airlines to become High Performing Organizations (HIPO).

As the Finance function plays an integral role in fostering financial health within the airline (by aligning the organization behind financial targets, for instance) and at an industry level, the adoption of HIPO is required across the entire ecosystem. For Finance to become high performing and be able to assume this critical role, it needs to embark on a journey that will take it from transactional management to value management. Value management enables the Finance function to be the airlines' trusted guide to sustained financial health via activities such as business partnering, decision support, and enterprise risk management.

About Attract Develop Retain Community Benchmark

Being a HIPO is an advantage for both individual airlines and the industry as a whole:

For individual airlines, developing a team of value managers supports financial sustainability. In fact, according to the Organizational Health Index, High Performing Organizations in the top quartile have a 3-fold probability of delivering returns to shareholders, compared to organizations in the bottom quartile.

For the industry, having value managers in airline finance functions is a key enabler for a more efficient delivery of industry projects. This will be achieved via their active participation in IATA Working Groups.

Read more about the HIPO Working Group

The HIPO Program includes 5 streams: Attract, Develop, Retain, Community, Benchmark.

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