Improve Your Business Today - Recruit, Train and Engage Top New Planners Today!
Last month in part three of our research survey series, we looked at what activities new planners cited as top priorities when seeking a new firm to join, and what employee benefits were most requested and valued, plus what they specified as the benefit that is most likely to retain them for the long term. This month we look at how next-generation advisors feel about their compensation, and what type of adjustments would be required to feel fairly compensated (if they’re not ...
Last month, we looked at what new planners are seeking from the culture of the organization they join. This month, we are going to review what they are looking for from a compensation and benefits perspective. See below for the most commonly cited components of what new planners are seeking from their employers that we have compiled from thousands of conversations with new planner job seekers over the last couple of years.Compensation and BenefitsWe realize some of these are not going to be ...
One of the questions we field on a regular basis is how much should I pay my new hire. This is a tough question to answer because it can depend on a number of factors and can change significantly in very short intervals. We have written about salary surveys in the past and still advise firms to seek multiple sources of information when designing a compensation plan for their team members. Furthermore, we have set out to provide a slightly different data set to again help in this conversation. ...
One of the questions we field on a regular basis is how much should I pay my new hire. In last month’s article, we looked at some pitfalls associated with firms relying on industry salary surveys as a panacea. Below we have provided compensation information on some of our recent placements to hopefully provide additional data points for you to consider when making offers to new hires and/or revisiting compensation with your current team. The types of firms we represent around the country are ...
