The Elements

December 6, 2016

DOL Overtime Rules on Hold – At Least for Now

Categories: Compensation, Practice Management, Time Management, Uncategorized

DOL Overtime Rules on Hold - At Least for Now

A Thanksgiving surprise from a Federal Court Judge in Texas will have a significant impact on many businesses, including financial advisors. A preliminary injunction was entered preventing the DOL’s changes to the overtime rules from going into effect as scheduled on December 1. What does this mean for employers? As a result, many businesses do […]

July 11, 2016

Ironstone Implementers – Lessons from Phillips Financial

Categories: Compensation, New Client Workflow, Operational Effectiveness, Organizational Skills, Performance Evaluation, Practice Management, Staff Meetings, Uncategorized

Ironstone Implementers – Lessons from Phillips Financial

Ironstone has the privilege to work with phenomenal advisory teams across the country, and we want to share their stories to provide you with motivation for change or validation of your hard work. These success stories provide tips on how they implemented practice management strategies and the results they’ve achieved. In this interview with two generations of the […]

February 2, 2016

What Employees Really Want in a Compensation Package

Categories: Blog, Compensation, Strategic Planning

Compensation

Is your compensation package aligned with the goals of your firm to attract and retain a winning team? The impact to your bottom line due to employee loss is costly. Firms with mediocre compensation plans are likely to have high turnover rates and lose qualified job candidates. Most business owners are in denial about what […]

September 4, 2014

What Mediocre Pay Raises Mean For Your Financial Firm

Categories: Blog, Compensation, Incentive Plan, Strategic Planning

What Mediocre Pay Raises Mean For Your Financial Firm

    Projections for 2015 pay raises are in. If you plan to stick to the predications, your team will see mediocre salary increases that still remain lower than pre-recession rates. What does this mean for your firm? The latest study from Mercer indicates increases for most industries and the average employee will fall in […]

March 13, 2014

How to Create an Effective Compensation Plan

Categories: Blog, Compensation, Strategic Planning

How to Create an Effective Compensation Plan

  How do you create a compensation structure that is fair to all employees, attractive to new hires, creates excitement and loyalty amongst your team and engages their learning development while increasing productivity? Reinventing the wheel is not necessary, but creativity, communication, and evaluation of your existing plan are essential. In my years of creating […]

February 27, 2014

Compensation Conflict – What Employees Really Want

Categories: Blog, Compensation, Incentive Plan, Strategic Planning

Compensation Conflict – What Employees Really Want

  Is your compensation package aligned with the goals of your firm to attract and retain a winning team? The impact to your bottom line due to employee loss is costly. Firms with mediocre compensation plans are likely to have high turnover rates and lose qualified job candidates. Most business owners are in denial about […]

July 3, 2012

Is Your Compensation Plan Boring Your Employees?

Categories: Blog, Compensation, Strategic Planning

Is Your Compensation Plan Boring Your Employees?

It’s not surprising that one of the most frequently asked questions of advisor firms is how to attract and retain talented people and reward them effectively with a remarkable compensation plan. Compensation packages are one of the largest line items in a budget. Ironstone finds that many firms are struggling to stay abreast with changes […]

April 10, 2012

ENGAGEMENT: GET YOUR A$$ INTO GEAR!

Categories: Blog, Compensation, Human Element, Leadership, Strategic Planning, Team Development

ENGAGEMENT:  GET YOUR A$$ INTO GEAR!

As an extension of our Q2 newsletter, here is a deeper look into the factors that influence and shape engagement: Infrastructure As soon as your practice adds support staff, the question of structure rears its head. At first, with only one or two people assisting you, that may seem a rather silly concern. But add […]

March 19, 2012

Human Capital Strategies

Categories: Blog, Compensation, Strategic Planning

Human Capital Strategies A successful compensation plan ensures that you pay for what you get while you get what you pay for.  Industry research heavily supports the benefits of investing your interests in Human Capital that will directly affect your bottom line.  Based upon Ironstone’s work with multiple advisory firms to establish hiring, staffing, and […]

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Contributors

Andrea Schlapia
Organizational Development and Human Capital
Connie Deianni
Mentoring and Employee Engagement
Guest Blogger
Practice Management
Dr. Heidi Maston
Organizational and Educational Leadership
Joe Kuhns
Strategic Partner
Judith Bowman
Business Protocol
Laura Garfield
Idea Decanter Co-Founder
Marsha Schechtman
Strategic Partner
Mighty 8th Media
Strategic Partner
Nicole Anglace
Special Projects
Ruthann P. Lacey, P.C.
Elder and Special Needs Law
 Scott D. Calhoun
Legal Counsel
Sharon Gottula
Idea Decanter Co-Founder
TailorMade
Strategic Partner
Ironstone
Practice Management
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Latest Blog Article

Business Dining Tips: How to Wine and Dine Your Way to the Deal 

Advisors and business professionals at all levels have long-held the notion that wooing prospective new hires and closing a deal over lunch is extremely effective. However, I am thrilled to tell you there is now evidence to support this belief, according to Lakshmi Balachandra, a Harvard fellow. Inside the Dining Research Ms. Balachandra’s work subjected […]

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