Last month we looked at the Introduction, Position Summary, and Current Responsibilities sections of a compelling job description(http://bit.ly/JDpart1of2). This month we will review the Future Responsibilities, Qualifications and Benefits sections. Future Responsibilities aka “what a hire can do if they meet or exceed expectations” - This is a key section that should be included, since it reinforces to the candidate that there is a true growth opportunity and if they do well, they can earn ...
Search Results for: compelling opportunity
Crafting a Compelling Job Description Part 1 of 2
A recent industry survey produced by Pershing forecasts that the financial planning profession will need to add a total of 237,000 new advisors across all business models over the next decade.* The demand for talented individuals entering the financial planning profession who can add value to your organization is at an all time high and climbing rapidly. There are several things financial planning firm owners can do to attract the best people, and having a compelling job description is a ...
Attracting Candidates to Smaller Markets
The location of your firm is a major driver in what type of talent you can attract. When recruiting Millennial talent for your firm, the firms located in major metro areas (tier 1 market) tend to have an advantage over those in less populated urban centers (tier 2 market)… a reality of current Millennial lifestyle preferences. The most sought-after job location destinations cited by the prospective job candidates we have worked with year to date are: Nashville, TN Austin, TX ...
Ep #162: Pros and Cons of Small, Mid-Sized, and Large Firms with Grace Moore
Grace Moore is a Private Wealth Advisor in Washington D.C. She stops by the show today to discuss her journey to becoming a financial planner, including how she was able to secure an internship at a financial planning career day—without having taken any financial planning classes. Listen in as Grace talks about what it was like to join a two-person RIA firm, as well as how she overcame the challenges she faced along the way. You'll learn how she grew in her role and developed into a solid ...
Special Episode: Compensation Data Points with Caleb Brown and Jesse Lineberry
Today we welcome back Jesse Lineberry to discuss the intricacies of compensation in the financial planning profession. We'll examine recent offers that have been both accepted and rejected, providing insights into industry trends. Discover the data from a salary survey, shedding light on the expected salaries for paraplanners, associate planners, and financial planners. We'll also delve into the evolving landscape of compensation structures in the financial planning field. Listen in to learn ...
Ep #140: Student to Lead Planner in 3 years with Andrew Fincher
Andrew Fincher is a Financial Advisor at VLP Financial Advisors based out of Vienna, VA, and he joins the show today to share how he became a financial planner. If you think you are too young or inexperienced to become a lead planner, this is an episode for you! Listen in as Andrew shares his journey from accounting major to successful financial planner, and how overcoming career obstacles during the COVID-19 pandemic led him to become the trusted lead advisor for 40 clients at his current ...
Getting Your Offer Accepted- Part 3 of 3
This is the third and final part of our three-part series on how to get your offer accepted. Part 1 spelled out the table stakes, part 2, and this month we describe what some of the major differentiators are, and how firms are utilizing them to win over candidates who are considering multiple job offers. You can still find good people in this tight talent market so consider adding one or several of these if not already to get your candidate to say “yes”! Major Differentiators Head up ...
Virtual Work and Flexibility: Separating Fact from Fiction
Virtual work is here to stay and can be a great fit for a lot of job seekers. One of the main reasons job seekers cite preference for virtual work is the flexibility. However, virtual and flexible don't always go together! Workplace flexibility can be defined several ways: flexible hours, unlimited vacation, the ability to set one’s own schedule, reduced hours for reduced pay, paid leave, sabbaticals, etc. We find that job seekers often equate “virtual” with “flexible”. These two terms, however, ...
Charting your course: A Beginners Guide to Joining the Financial Planning Profession
Financial planning is a unique and attractive profession. It combines the hard science of mathematics with the soft, behavioral aspects of psychology in a manner that is unlike any other profession. The potential impact a trusted advisor can have on their clients, along with the growing demand for their expertise, make entering the profession even more compelling. But how does an aspiring planner join the profession? What steps must be taken to be an attractive candidate for securing entry-level ...
Recruiting Opportunities in a Down Market
For more than a decade, the financial planning profession has enjoyed strong stock market returns, which has led to firms growing and hiring at an impressive clip and posting record increases in profit, revenue, and assets under management. This explosive growth obviously could not continue indefinitely, though, due to the cyclical nature of the stock market. So how should firms approach their human capital planning, now that we are transitioning into times of market turbulence? For firms ...
Best Interview Structures
Years ago, when I started in this profession I remember firms doing some oddball things. One of them was hire someone after a brief meet and greet with very minimal interviewing and vetting. This worked out for a few but was far from a best practice. Mainly because there was scant time spent around assessing whether the candidate could perform the functions of the job or even knew what the job functions really were! Which is why we advocate for a strong position description and thorough ...
How to Signal You’re Open to Opportunities…Undercover
It is pretty common to see people who are actively searching for a new position update their LinkedIn Headline to something like, “Seeking Opportunities in Financial Planning.” But what do you do if you don’t want to let all of your connections (ahem, your coworkers) know that you are looking? Enter, Open Candidates. This is a feature included with all LinkedIn profiles that allows you to let recruiters know that you are open to hearing about what else might be out there. More than that, it also ...