Finding the right candidates
Next is the most difficult part of the process: recruiting. With many firms failing to transform their business and therefore struggling financially, the market has been flooded with candidates.
Unfortunately, a significant number of these people lack the necessary skills and understanding of financial planning that is required for a modern advisory business. It is, therefore, extremely important that businesses adopt a robust recruitment process to minimise the risk of hiring the wrong candidate.
A variety of methods can be used to recruit, including:
Each of these methods has its negatives and none of them are quick. In terms of cost, advertising and word of mouth are the cheapest routes. However, if the right recruiter can be found, this will be worth the extra expense. A good recruiter should understand your business, financial planning and the personalities required.
Once you start receiving CVs, they should be filtered to find candidates who match the job description. With the appropriate candidates selected, invite them for an interview.