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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
Blog

Cyber attacks: How to handle them

Cyber attacks are becoming more common and sophisticated in today's digital world. While you may be thinking that you are unlikely to become a target, unfortunately we are aware of small Financial Advisory firms that have been through this already, so don’t fall for the false sense of security and take preventative action. A cyber attack is a malicious attempt to steal, expose, or destroy data, disable systems and networks, or breach a system to launch additional attacks. According to the Hiscox Cyber Readiness Report 2022,  cyber threat is now seen as the dominant risk to business in seven out…
RIE Solutions
10 April 2023
Blog

Re-thinking employees’ departures

Saying goodbye tends to be a bittersweet experience for all involved. How have you communicated to your team and clients about your last leaver? Did you do this in the way that created a positive impact or were you trying to pretend that nothing happened and carry on? Recently, I received this email from my daughter’s swimming school and found it noteworthy of sharing: “It is with great sadness that we are saying goodbye to Amy at the end of the year. Amy has been amazing, teaching swimming to hundreds of little ones for over 6 years and we are…
RIE Solutions
8 March 2023
Blog

Does your firm play a team sport?

From Aristotle to Lionel Messi, great leaders have proven time and time again that teamwork makes the dream work. According to Aristotle “the whole is greater than the sum of its parts”. While conceptually this is true, in practice many firms that we speak to have a completely different experience, with teams pulling in different directions, making work and life harder rather than easier. So, let’s look at the success of football teams, whether it be on or off the field, to glean powerful insights into what’s needed to turn teamwork into dreamwork and how this manifests in practice. Power…
RIE Solutions
6 February 2023
Blog

New Beginnings

January tends to be the time of acknowledging losses, commemorating victories, and setting goals for the coming months and years. The custom of making New Year's resolutions originated with the Roman god Janus in 153 B.C. Janus had two faces, one peered backward to see the past and the other looked forward to view the future. The Romans employed this symbolism as a means of asking for forgiveness for past mistakes and as a method to promise to improve both the present and the future for everyone. Today, we continue this tradition by making resolutions to give up bad habits…
RIE Solutions
6 January 2023
Blog

How to gain trust of prospective clients?

The foundation of all successful relationships and the driving force behind most of our actions is trust. Trust underlies our willingness to spend our hard-earned money on goods and services, to commit our lives to another person through marriage, or to make plans and decisions based on advice given by a professional. Therefore, it’s not surprising that most people look for a financial adviser they can ‘trust’. After all, they will be entrusting their financial security (and potentially that of their children or grandchildren), plans and hopes for the future and disclosing almost all that there is to know about…
RIE Solutions
30 November 2022
Blog

Team retention in a challenging economy

As inflation continues to soar and the increasing cost of living hits households across the UK, businesses must openly address this situation with their teams if they want to retain top talent. Some firms are seeking cost-cutting measures in anticipation of another recession. And while at some point, it might be unavoidable to cut back on expenses, you may want to consider doing the opposite when it comes to retaining your top teams. The cost of hiring new staff is typically much higher than the cost of keeping your existing team. A replacement of a salaried employee costs on average…
RIE Solutions
1 November 2022
Blog

Onboarding New Employees: Maximising Success

As the world’s labour market continues to shift, the companies that retain key talent and invest in their teams will also be the ones that invest time, money and effort into new employee onboarding. The goal of onboarding should be to reduce the time it takes for new hires to feel at ease with their new responsibilities and to excel in their roles. This is only possible if onboarding procedures are strategically created with this purpose in mind. But with the emergence of remote and hybrid employment, onboarding has grown much more complex. According to HR respondents in a Workable…
RIE Solutions
4 October 2022