What If Your Top Performer Quit?

What If Your Top Performer Quit?

 

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How can you avoid a prolonged search process when you need to hire yesterday? Over the last year or two, we’ve been contacted numerous times by RIA’s and Multi-Family Office’s about searches they’ve conducted for positions that have gone unfilled for up to a year or more. According to a recent leading industry study on staffing and compensation, on average across 1B+ RIA’s, it takes six months to find a talented support advisor. Lead Advisors, who can also develop business externally, typically take two years to find. This kind of extended time frame can severely hamper productivity and is the direct result of a firm taking a passive approach to hiring.

We recommend that you always be interviewing potential new employees.

How can you avoid a prolonged search process when you need to hire yesterday? Over the last year or two, we’ve been contacted numerous times by RIA’s and Multi-Family Office’s about searches they’ve conducted for positions that have gone unfilled for up to a year or more. According to a recent leading industry study on staffing and compensation, on average across 1B+ RIA’s, it takes six months to find a talented support advisor. Lead Advisors, who can also develop business externally, typically take two years to find. This kind of extended time frame can severely hamper productivity and is the direct result of a firm taking a passive approach to hiring.

Leah Yosef International is the Private Wealth and Investment Management search division of Sanford Rose Associates, recognized by Executive Search Review as being one of the Top 10 Search Firms in North America with 90+ Offices worldwide. To learn more, please reach out to your Leah Yosef International executive search consultant today. Schedule A Consultation