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Bring Home The Gold! Employ A Champion Team

Fans are raving over the five teenagers who were the first Americans to earn a gymnastics gold in 16 years.  Being referred to as the “Fab Five” or the “Fierce Five,” the team is being compared to the legendary team from 1996, the “Magnificent Seven.”

How does your team stack up in comparison to the “Fierce Five” or the “Magnificent Seven?”    Are you using outdated policies and procedures in your hiring process?  Get prepared and seize the opportunity to add to your talent pool and find your next superstar!

Building a champion team can be challenging;  however, if you examine the plethora of talent and personality and choose wisely, your team can be the best.  Hiring exceptional talent is critical to the overall success of your firm.  As an employer, you should always focus on bringing the best talent to your firm.

Ironstone has outlined some of the best practices in hiring, on-boarding and human capital retention.

When hiring, ask yourself and determine:

  • Will this person do the job?
  • Do they have the skills needed to perform the job?
  • How well will they fit in with existing team members and culture in the firm?

Be certain not to discount the weight you place on “fitting-in” with other team members and your firm’s culture.   All too often, advisors hire based on the look of a resume and skill set resulting in critical mistakes.  A prospective team member possessing “potential” will only add so much to the depth of your team and may not provide a positive and profitable impact.

“If you don’t know where you are going, then you probably won’t end up there.” ~Forrest Gump~

Don’t settle:

Focus on finding and retaining the best talent for your firm.  Top talent is in high demand; therefore, you should make it a priority to include your hiring strategies as a year-round business process.  In your hiring process include each of the following goals and develop your strategies and tactics for each:

  • Planning
  • Recruiting
  • Selection

 Identify & Keep Your Winning Team:

Utilizing your team and positioning team members with their unique ability will add to increased morale, productivity and profitability.  Consider reviewing current positions and how they are measuring up to the overall success of your firm and identify what skills and personality traits are needed to enhance the caliber of your team.

  • Map your ideal organizational flow chart
  • Identify gaps
  • Assess current positions and roles
  • Determine what is working/what isn’t working

Position Your Firm For Growth:

Don’t underestimate the competition in finding or stealing great employees.  Develop the fundamentals that are needed to attract and retain quality team members.

Consider incorporating the following fundamentals in your hiring plan:

  • Provide job stability.
  • Incorporate challenging work which will instill engaged employees.
  • Provide a culture for team members to grow, flourish and succeed.
  • Create a pay for performance reward system; linking employee performance to the firm’s goals.
  • Focus on developing your current team to be successful.  Provide resources and training that will aide them in reaching and exceeding goals.  Encourage career development.
  • Communicate the firm’s goals with team members.  Team members will have a higher morale and be engaged in their role.
  • Offer enhancements such as flex-time, telecommuting or other services that fit the personality of your team members. 

These enhancements can make a significant difference in employee satisfaction and retention without a mammoth investment.

Download these resources from Ironstone to get started on employing your champion team!

Employee Onboarding Checklist     Hiring Implementation Guide

Your team is a reflection of your business.  This reflection carries throughout the work day and most often in personal lives.  Perception of your team is reality.  Be certain  you have the quality team  your firm and clients deserve;  prepare your firm to employ and attract a gold medal team.

We are curious!!  What does your firm do to attract and retain a gold medal team?  What are your team members favorite fundamentals included in your hiring plan?

Follow us as we explore each of Ironstone’s Fundamental 4™!

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

Coming up next, learn about strategic planning with strategic alliances!

• Email us at info@ironstonehq.com
• Call our office at 800-917-8020
• Connect with us:


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Implementing Team Development Programs-Often Overlooked

Learning management is a strategic component to the overall human capital mission of advisory firms and is paramount to team development.  Advisory firms should start by integrating team development programs in order to enhance employee performance.  Forward-thinking executives are continually improving the effectiveness of their teams by refining roles, expectations, and interpersonal communication in order to create accountability for results.

Your goal should be to apply and utilize a team development method that impacts your firm’s bottom line in order to gain the highest return on your learning and development investment.

Ironstone focuses on four major components that are necessary for a fully functioning workforce and implements the performance approaches to drive development.

By implementing a team development program you eliminate the need for micromanaging.

Preparation — in order to create great teams, you need to prepare to support the success of your team.  Design a culture that fuels passion, purpose, and growth.   Deliver a clear message to your team that their job is important and that you stand behind them.  Give employees the basic knowledge and skills to excel within the culture that you have created.  Share with them effective forms of communications, encourage them to ask questions, and acknowledge their contributions to the overall goals of your firm.

Incentives – Incorporate compensation into the successful execution of the firm’s goals.  One of the most powerful motivators is through the use of a performance incentive compensation plan.

Benefits –  You can become creative with the benefits that you offer to your team.  In addition to the traditional benefits such as medical insurance and retirement plans, many firms are finding that creating a flexible work environment is a good employee motivator –  increasing the desire for individual skill development for the employee.

Technology –  Providing the proper technology and training for your team to perform their job is essential to overall team development.   We have found that many firms do not take this component seriously or place much effort in assuring technology and training needs are met for employees.    Obsolete or barely functional technology tells employees their job is not important and their time is not valued.

Once you have put these components into your human capital mission, you will find that employees are capable of managing their position in the firm.  Support your team members and empower them to be as great as they can be.

“A company that does not support, empower and provide proper development

 to employees can take a great team to a problem in a very short time.”

Ironstone can assist you in developing a team development program.   We specialize in identifying gaps in your existing plan and will collaborate with you to develop solutions that are parallel in achieving the results your desire.

Contact us for assistance in starting and improving developing or starting your team development program.  We want to hear from you!   Share your best ideas here!  What does your firm do to promote team development?   We always love hearing from you!

Follow us as we explore each of Ironstone’s Fundamental 4™!

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

You won’t want to miss our next in the series:  Strategic Planning-Business Model