BLOG

Blog

Nothing succeeds like succession planning

Taking a strategic approach for organisational continuity and development Typically, in our profession, succession planning is thought about solely in relation to business owners but there is a lot more to it. So, we invite you to think of succession planning as an ongoing process of identifying the critical roles within your organisation and developing an action plan for other people to assume those roles when the time comes. Change is inevitable and people move on, hence succession planning is an essential strategy for organisational sustainability and future growth. A succession plan is more than just a replacement plan; it's…
RIE Solutions
9 February 2024
Blog

Mastering communication: getting beyond the inbox

The cornerstone of every interaction lies in effective communication. Yet, mastering this art is seldom achieved. Our experience across various businesses echoes a common theme: effective communication is one of the biggest challenges! This observation aligns with ZipDo's findings, which highlights a startling reality: 86% of employees and executives identify ineffective communication as a primary culprit behind workplace failures, which in turn results in a 23% dip in employee productivity. Interestingly, 84% of businesses use email as their main form of communication, the question is, is it the most effective or appropriate way of communicating with your audience? On average…
RIE Solutions
4 January 2024
Blog

Thriving amidst change: can agile methodology be an answer?

The pace needed to respond to increased regulation, tech disruption, changing client expectations, and global competition is frenetic and, in our experience, most businesses move too slowly to keep up with the changing landscape. On the flip side, agile financial advisory businesses, that can adapt quickly to change, will thrive. The tech industry is constantly in flux, especially now, which is why the leading tech businesses have adopted agile, innovative, client centric, design thinking approaches to thrive amidst change. This agile management approach can and is being adopted by financial advisory businesses globally. Agile management is a set of principles…
RIE Solutions
11 December 2023
Blog

Sickness Absence: your rights and responsibilities as an employer

Dealing with employee absence – both frequent short-term absence and longer-term absence - is a regular feature of managing people but you may not be aware that, as an employer, you have rights as well as a variety of legal responsibilities - primarily under the Equality Act, the Employment Rights Act and the Health and Safety at Work Act.  We also know that employees are much more likely to return to work safely and productively following long-term sickness absence if they are well supported by their employer both during their absence and on their return. So, what do you need…
RIE Solutions
9 November 2023
Blog

How to say ‘no’ with confidence

As a Practice Manager you are typically juggling many tasks and there are many demands on your time. In order to thrive in this role a critical skill to have is the ability to say ‘no’. Yet saying ‘no’ can be one of the most difficult skills to master in business. Whether it's declining a request from a colleague, a boss, or a client, we often feel guilty, rude, or unprofessional when we say ‘no’. However, saying ‘yes’ to everything can also have negative consequences, such as overcommitting, underdelivering, or compromising your values. So, how can you say ‘no’ in…
RIE Solutions
12 October 2023
Blog

The importance of doing nothing

When have you last done nothing? Truly nothing! With the main holiday season over, have you taken advantage of your time off? In the fast-paced world we live in today many people feel guilty or anxious about taking time off. Some people, particularly in small businesses, think that they are indispensable, that the business can’t function without them, or that they will miss out on something important if they aren’t at work. Yet, a holiday is not a luxury, it is a necessity, which is why every worker in the UK has a legal right to paid holidays. It could…
RIE Solutions
15 September 2023
Blog

Managing conflict and difficult situations for good

We are part of the problem While most clients we speak to don’t enjoy conflict (let’s face it who does?!) and want to avoid it at all costs, the reality is that at least at some point in their careers they will find themselves in a difficult situation. Managing conflict and difficult situations in the workplace can be messy and generally gets in the way of getting work done, leaving everyone feeling deflated and frustrated. The fallout tends to linger and affect future work and relations. So, it’s important to know what to do and how to approach such events,…
RIE Solutions
4 August 2023
Blog

How effectively can you plan for fintech developments?

“Nine Lies about Work: a Free Thinking Leader’s Guide to the Real World” by M. Buckingham and A. Goodall, which demystifies lies that are commonly-believed in the workplace, continues to inspire my thinking. This month, I want to focus on lie number 2: “the best plan always wins”. Plans can be beautiful - especially if things go according to the said plan. They provide comfort and a sense of mission. You start off with a plan at the beginning of the year and once that is shared with the company, it's split into departmental goals that then trickle down to…
RIE Solutions
12 July 2023
Blog

Re-imagining organisations: the starfish

Is your organisation a spider or a starfish? In other words, does your business structure allow for continuity, flexibility and agility? In today's rapidly changing business landscape, traditional organisational structures are often too rigid to keep pace with the demands of the market. Companies that rely on a centralised, top-down approach are vulnerable to disruptions and may struggle to adapt to new challenges. Ori Brafman and Rod Beckstrom’s book, "The Starfish and the Spider," presents a compelling case for re-imagining organisational structures as "starfish" to ensure continuity and resilience. The metaphor of the starfish is used to describe a decentralised…
RIE Solutions
7 June 2023
Blog

It’s time to ditch “work-life balance” and fall in love

I was recently a guest speaker at a virtual event co-hosted by Women in Banking & Finance (WIBF) and Isio, where I was asked to deliver a session on the topic of effective leadership. As part of my research, I revisited “Nine Lies about Work: a Free Thinking Leader’s Guide to the Real World”, an excellent book co-written by Marcus Buckingham and Ashley Goodall. On this occasion, it was lie number 8 that deeply resonated with me and struck me as a point for further investigation: “work-life balance matters most”. Have you, like myself, found yourself struggling to achieve the…
RIE Solutions
8 May 2023