Advice firm Invest Blue to trial nine-day fortnight initiative

14 March 2023
| By Jasmine Siljic |
image
image
expand image

Financial advice firm Invest Blue has adopted a nine day fortnight pilot to support employee wellbeing and productivity, at a cost of $1.9 million annually. 
  
The trial would give all full-time employees an extra 26 days off per year, with an underlying aim to foster employee welfare and drive productivity gains.

“A critical element of our recruitment strategy is to ensure we remain a great place to work and initiatives like the nine day fortnight demonstrate our commitment to employee health and wellbeing,” said Kasey Patterson, head of people and culture at Invest Blue. 

The firm strongly believed the sentiment that if they looked after their employees, it would have flow-on benefits to their clients. 

With over 190 employees across Australia and a large offshore team, chief operating officer Lexi Glover explained the trial would have no disruptions to clients and minimal impacts on daily operations.

“Everyone is busy here and there’s plenty of work to do so, intuitively, it doesn’t make sense to compress the week and give people every second Friday off but research shows that this approach can lift productivity while increasing employee satisfaction,” Glover said.

She added that establishing operational rhythms, data analytics tools and consistent communication would support the trial across the numerous offices. 

“Our mission is to have a recognisable presence across the country, which depends on our ability to attract, develop and retain advice professionals who are able to consistently deliver excellent advice and service to our clients,” Patterson continued.

Established in 1954, Invest Blue currently had 25 offices across rural, coastal and city locations, offering financial advice, wealth management, lending and life insurance services.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 4 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago