Finding the right staff can be tiresome and costly

Friday 27 March 2009

For a financial services organisation, be it a national IFA firm, a blue chip bancassurer, a big life assurance organisation or even a small regional accountancy practice whats the biggest problem you come across in running a profitable organisation?

That's right - finding well qualified, experienced, high quality financial advisory staff.

What do you usually do? Put an advert in your local paper? Advertise on the web? Even try networking or word of mouth? All good solutions in their own right but are they both cost and time effective? and do they find you the right staff? or do you find that time after time you are interviewing the wrong calibre of adviser?

For some reason public perception of the
financial services recruitment specialist is that we are expensive and in some cases a waste of time. The good recruitment organisation, and there are plenty out there, can turn a sometimes fruitless task into a time and cost efficient exercise. many financial services recruitment specialists will take the sourcing process almost completely out of your hands leaving you to do the one part, as the company potentially hiring, you will have to do - the interviewing.

Imagine that, you have an organisation staffed with professionals highly skilled in sourcing good quality financial staff at your disposal. A good financial services recruiter will find you staff through advertising your position on both the web and in the papers, headhunting and targeted cold calling. They will then pre-qualify and screen those professionals by meeting them face to face in most cases, or if distance makes it prohibitive, over the telephone by asking highly relevant questions focused on performance, qualification, experience, business strengths/weakness's, ambition and motivation. Once screened the candidates are forwarded by way of a concise summary CV of the above and if deemed good enough by you, booked for interview.

How much time and cost do you think that would save in man hours and advertising budget? Oh, and it doesn't end there. Most financial services organisations will require a second competency based interview so the candidate will be questioned for feedback, given relevant guidance and prepped for 2nd stage.

There are professional
financial services recruiters out there that do all this, and for what they provide, at an extremely competitive cost. Think about how much it currently costs you to get the right staff and how much time it takes. Now think about not having to do all that and having someone else, a PROFESSIONAL do it. The time saved, the cost saved, the extra revenue generated by the right advisers - how come you're not on the phone already?

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