Planning practices need to hold good staff

financial-services-industry/chief-executive/financial-adviser/

30 March 2009
| By Mike Taylor |
image
image
expand image

Financial planning practices should be doing their best to retain good employees despite the impact of the global economic crisis, according to the chief executive of Australia-wide Business Training, Larry Gould.

Gould has used an address to a financial adviser road show to warn that businesses need to act carefully to ensure they are responding to the current economic climate and not jeopardising their future potential viability.

He said the negative attitudes of clients and consumers risked being reinforced by news of redundancies and business closures in the financial services industry.

"The retention of skilled, motivated staff remains a critical concern for astute business owners and managers who understand that they need to work hard to keep good employees," Gould said.

He said investment in human capital should be seen as being of critical importance and therefore regarded no differently to other business investment decisions, such as expanding operations or building additional production capability.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND