IFAs note the value in job descriptions

A study conducted by transition planning firm FP Advance found firms that had clearly-defined job descriptions for less than half of their staff generated a ‘profit per principal' of almost £79,000 per annum. Those who applied job descriptions to more than 50% of their staff generated almost £115,000. According to FP Advance, as well as a ‘title' and details of who an individual reports to, job descriptions should include a ‘purpose summary' and key responsibilities and duties. The job descriptions of every member of staff, including paraplanners and administrators, should include the sa...