Hiring new employee is always a challenge when it is time for small businesses to grow their team. In finance, especially for stock investment firms, it is even more difficult to make sure they can trust new employees, that there’s a culture fit and that the team will get better. Jeff Bezos, Amazon.com CEO, always make sure that new hire will raise the average level of effectiveness of the group they’re entering. Since the cost of hiring could be pretty high (recruiting, training, workplace integration, etc), make sure you make the right choice and you keep employee as long as possible.
1. Company culture need to be clear and shared
Each organization has to have a culture that englobe meaning of why the people do their actions. It includes values, visions, symbols, belief and habits… In financial section this could mean dress code, mission and vision, etc.
The culture fit should come first at investment firm, to keep employee adaptation as easy as possible. For example, if client are at heart of the mission, employee performance objective would be in line with accomplishing this. Building a great business always comes down to creating a great environment where everyone is proud to work there.
2. Business policies should be presented in the proper form
Policies are often seen as bad from the employee stand point. But you don’t want to leave them in the blank also as it could create more stress and lead to rapid turnover of employee. If you don’t have an employee handbook with business policies guiding employees’ actions and your rights and responsibilities as an employer, that’s one thing you’re forgetting. You can easily find employee handbook template online to ease this task and make sure everyone is on the same page.
3. Bridge the gap skill and train them right from the start
Financial skills are thought in school but what you do in your firm is often unique and need to be learned right. It is also not a secret that today, continuous education is mandatory. Make sure you think at the skills gap when interviewing a new hire to minimize the need in training. The job description should present an accurate viewpoint of the qualifications needed for the job and the responsibilities of the position. Another tip would be to do a proper reference check, this way you won’t have surprise later.
I hope your next hiring will be smooth and that your new employee will be a superstar.
A complicated name for something that can actually make your life easier.
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