Amid the cost-of-living crisis and the post-pandemic ‘great resignation’ trend, financial planners have revealed what they are doing to attract and retain talent.
A social media poll of 138 PFS members, conducted in June, revealed 37% are mainly focusing on offering flexible working in a bid to attract and retain talent in the current climate.
Ensuring there are clear routes for career progression was identified by 32% of those surveyed as the main way they are aiming to appeal to and keep top-quality employees, while a quarter (25%) said they were mainly investing in training and development.
Given the Bank of England’s prediction that inflation could hit 11%, just 7% of the financial planning professionals who took part in the poll said they were looking to increasing the benefits available, to grab and hold onto staff.
