The Hiring Dilemma: A Guide to “When, Why and How”

Text by Kimberly A. Branch, CFP®, CLTC, Vice President of Marketing Strategy, American Portfolios Financial Services, Inc. —an Independent Broker/Dealer Hiring a new employee is no small decision. In many respects, it’s nothing less than a leap of faith—a deep confidence that: a) a jump in compensation and related expenses will be rewarded with future […]

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The Hiring Dilemma: A Guide to “When, Why and How”

The Hiring Dilemma: A Guide to “When, Why and How”

Text by Kimberly A. Branch, CFP®, CLTC, Vice President of Marketing Strategy, American Portfolios Financial Services, Inc. —an Independent Broker/Dealer

Hiring a new employee is no small decision. In many respects, it’s nothing less than a leap of faith—a deep confidence that: a) a jump in compensation and related expenses will be rewarded with future asset growth and productivity gains; and b) any increase in fixed expenses won’t materially burden profitability during cyclical market declines.

At its core, however, it is the belief in self and an advisor’s partners. It is a conviction that in working together, with a sound plan, advisors can build something bigger and more meaningful. In this white paper, “The Hiring Dilemma,” we examine the many critical decision points that advisors face when contemplating additional staff, addressing a number of important questions, including:

  1. “When do I know it’s the right time to hire?”
  2. “What do I need to consider before hiring a new employee?”
  3. “What is the best strategy for adding staff?”

When to Hire

While the decision to pull the trigger on adding headcount may be a difficult one, there are clear signs when the time has come for hiring additional staff. Here are some of the most common indicators that an advisor’s practice needs more hands on deck.   Download the Full White Paper Here

About The Author

Bill Betz

 

Marketing Communications Coordinator 
631.439.4600, ext. 180 

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