This week's edition kicks off with the news that at a time when employee retention has heightened importance for advisory firms given the ongoing competition for advisor talent, a recent study by research firm J.D. Power indicates that factors such as firm culture and leadership, as well as providing advisors with a sense of autonomy, can play important roles in building advisor loyalty to the firm. Which suggests that while firms might be tempted to zero in on compensation when it comes to retaining advisors, focusing on these other factors (which do not necessarily involve hard dollar expenses) could pay off in the form of increased advisor (and client) retention over time.
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I always get tons of questions around stocks/ equities from global organizations and how to account for it in a pay equity analysis. Should it be part of total comp? Should it be analyzed individually? Should it be both? Should it be at vesting? It would be helpful for #compensation, #totalrewards, #chro, to attend this webinar to talk about equity of equity.
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How did compensation evolve in the strategy consulting space over the past year? Download our annual strategy consulting compensation study to learn more: https://lnkd.in/eQhR4HhU
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How did compensation evolve in the strategy consulting space over the past year? Download our annual strategy consulting compensation study to learn more: https://lnkd.in/ekJB44ky
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Understanding 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗣𝗲𝗲𝗿 𝗚𝗿𝗼𝘂𝗽𝘀 and understanding their significance and the process of establishing them to inform pay decisions within an organization’s compensation structures is paramount. 📺 In this short video of a series, Hugessen Consulting Inc.’s Brian Lees uncovers their significance and the process involved in their establishment, crucial for informed decision-making within organizations. To receive future Compensation Fundamentals explainer videos directly to your inbox, subscribe here: https://lnkd.in/g4-ZAv7c #ExecutiveCompensation #CompensationPeerGroups #TalentManagement #PerformanceShares #IndustryInsights
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Ever wondered what sets apart a thriving financial services team? It all starts with one question: How strategic is your approach to compensation? In the fast-paced world of finance, fair and competitive remuneration isn't just crucial—it's what fuels motivated, satisfied teams. A content and well-compensated workforce? That's the secret sauce for heightened engagement, turbocharged productivity, and rock-solid commitment. Contact us now at 0161 973 6900 or via email at recruit@exchange-street.co.uk. #SalaryReview #SalaryReviewTips #PayStrategies #FinancialPlanning #FinancialPlanners #EmployeeSatisfaction #FinancialRecruitment
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1moGreat points about next-gen clients.