Aiming high: How to motivate your team

Many advisers will be focused on getting their business in line for the impending Retail Distribution Review (RDR) implementation. With such pressure on principals and directors, it can be easy to put plans for the future health of the business to one side, including the team’s career progression. However, expanding a firm by achieving good results and winning new business lies primarily with a company’s most important resource: the staff. With only 29 weeks left until the RDR deadline, staff retention is essential as, according to a study by RS Consulting at the end of 2011, an estim...