1. David Grant, financial planning analyst, Vantage Financial Partners
Three Ways To Keep Young Employees At Your Firm
Set realistic expectations
Success for young planners will not come overnight. Learning how to talk to clients and understand your own biases takes years. Companies that have made this clear from the onset have had better success retaining employees.
Give your talented young people projects (or encourage them to design their own) that go beyond the scope of their as-is job description. They can find ways to improve the company, build a personal marketing plan, prospect a target demographic or become an expert in an area of interest, for example.
Reward them well
Dont risk letting another company poach your talent. Talk to your employees to discuss your expectations and theirs in terms of salary. If an employee you feel is really valuable expects 5% more than what you anticipated, pay more.
Not sure how many sick days or vacation days to give? Make it unlimited. Anyone who will abuse this system doesnt belong at your company.