Most IFAs are apprehensive about future changes in their own workplace with business planning, performance management, technology and a diverse workforce the top four things for them to worry about.
So says a new report from people management software company BrightHR. It believes that admin-heavy processes to monitor performance management are the biggest HR challenge for advisers.
BrightHR says that new trends and technologies are emerging in the workplace all the time. But 98% of the financial advisers they questioned in a recent survey, said simply understanding what they are will help them and their clients cope with the big changes happening in the workplace.
Paul Harris, Co-Founder & CMO from BrightHR said: “We believe that to grow and prosper, businesses large and small must embrace new trends, strategies and technologies. We’ve therefore produced a report to help our partners, such as financial advisers, understand the challenges of the future and arm them with insights so they can benefit from the disruption and capitalise on the opportunities ahead for them and their clients.”
Paul continues: “We hope both our report and our Partner Programme will equip financial advisers with the knowledge and confidence to advise their clients about changes in the workplace and the people management solutions that can help. Our survey confirmed that 89% of financial advisers believe it would be of value to clients for them to recommend HR solutions for their business, but only 4% currently do so.”