After working for over 30 years in the financial services industry it is easy to see that some peopl...
After working for over 30 years in the financial services industry it is easy to see that some people think increasing headcount will increase income, and therefore profitability. Sadly this can be a course towards ruin. Firstly, it is essential to analyse the business as far as possible, by comparing income against expenditure for either the whole of the business, or for the practice or department that you are in charge of. This analysis must include everything that contributes towards the profitability down to the costs of pens, paperclips and daily Financial Times - if applicable. The a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
