Common Reasons You May Be Unable To Secure Top-Tier Talent For Your Financial Firm

Posted on: 2 July 2020

For financial firms, success is often linked directly to the success of their advisors. For this reason, it is critical for a firm to have access to knowledgeable, top-tier advisors. A large part of accomplishing this goal involves recruiting talent. If your firm has been less than successful at engaging the right candidates for your advisor roles, learn about some of the mistakes you may be making.

Lack of Enticement

There are often multiple financial firms that service a local area, including online firms. Consequently, top-tier advisors often have multiple employment options. If your firm is not doing an aggressive job at making employment at your firm more enticing, such as a competitive benefits package or continued learning opportunities, you may not attract the talent you want. It is important to work to make your company an attractive place to work.

Poor Follow-Up Practices

The recruiting process can get hectic. Not only do you have to review resumes and interview candidates, but you will also have to follow-up with potential employees for second interviews or other steps in the hiring process. If you do not follow-up with applicants in a timely manner, they may think your company is not interested and move on in their job search. Again, top-tier advisors often have options. Communication is very important in the job search.

Minimal Skill Knowledge

You may not be able to find the talent you need because you do not know how to search for this talent. When a firm does not have a lot of information on what type of skills and knowledge they should look for in talent, it can be hard to find the talent you are looking for. It is very important to sit down and think about what skills you want your talent to have and look for candidates that match this description.

Recruitment Agency

If you want to avoid these pitfalls, one excellent thing you can do is to partner with a recruitment agency. Financial advisor recruitment agencies know how to help you prepare employment packages, communicate with candidates, and they know how to search for talent. As a result, they can get you connected with the talent you need much easier, which means that your firm will be better positioned to achieve the success you want. 

Make sure you are going about the recruitment process the right way to ensure you have top-tier talent working for your firm.

To learn more, reach out to a local financial advisor firm recruitment agency.