3 challenges when stock investment firms need to hire new employees

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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.

What is a VIRTUAL TRAILING STOP ORDER (VTSO)?

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A complicated name for something that can actually make your life easier.
A virtual trailing stop order (VTSO) (for a sell order) is a trigger selling price that adjusts itself according to the price movement of a security. In other words, it says to your stock trading platform: “sell at market price if security XYZ falls by more than $Y from the highest price it reached since the order was entered”.

 

Advantage

The main advantage of VTSOs is that they allow an investor to free himself from having to continuously watch a stock price in order to protect part of their gains if the security they own appreciates in value (or rises, increases, etc) , but then retreats. (more…)

Investing Tips to Make for a Better Investor

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The best investors in the world all follow similar principles to get to where they are now. It may seem that they are all different, but they have all actually just embraced commonsense principles that just about anyone could use in order to make their own wealth. Knowing what a few of these things are can help anyone to start to invest better today. (more…)

The Advantages of a Stock Investment Newsletter

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stock investing newsletter

A stock investment newsletter can keep you ahead of the average investor. A good publication from a knowledgeable source can give you the insight you need to make trading much more profitable. This is because a lot of the important research has already been done for you and is available for you to sort out.

Unless you are a full time trader, it can be difficult to keep up with everything that is going on in the market. There is more to trading than just prices; there are fundamentals. Fundamentals drive the market, and a good trader needs to know them to be profitable. (more…)

Great Stock Trading Strategy?

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How do you make money in the stock market? Simple. Buy low and sell high. Well, that stock trading strategy works great if you happen to get into a rising market, it probably won’t work in a choppy market and definitely won’t work in a declining market. Here are a few strategies that you might want to explore. (more…)

Stock Trading Tips for Great ROI

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Trading in the stock market can be overwhelming at first if you are not aware of what it entails. There are certain strategies that you want to look at in order to recognize the most profit for your investment. Making sure that you incorporate all of the stock trading tips available to you into your market initiatives will ensure a great Return on Investment percentage. (more…)

Stock Investment Advice from the Greatest Investors

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Warren Buffett

If you are just beginning your foray into the world of the stock market, then you have probably heard many different opinions regarding stock investment advice or learn more about Stock Market Quotes . This isn’t a bad thing; ultimately, you should listen to many different philosophies and decide which one makes the most sense to you. (more…)

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