Briefly:

The Investment Industry Association of Canada (IIAC) has awarded the inaugural IIAC Industry Scholarship Award to Steven Brophy, vice-president and managing director, BMO Nesbitt Burns. Brophy will receive funding to attend the SIFMA Securities Industry Institute.

“The IIAC could not be more pleased than to honour Steven Brophy as the inaugural winner of the IIAC Scholarship Award,” said Ian Russell, President and CEO, IIAC. “Mr. Brophy’s character and professionalism, dedication to his clients and contribution to his community and the industry epitomize the true meaning of this Award.”

The award will be presented each year to an exceptional individual within the industry who demonstrates professional excellence, serves the community and contributes to building a stronger investment industry and capital markets for Canada.

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Talent exodus predicted for 2010

Employers who assume their workers are happy to have held on to their jobs beware. Most employees are poised to look for greener pastures once the economy recovers, according to a survey.

Right Management’s survey of 904 employees in North America finds that turnover is expected to rise next year, as 60% of employees intend to leave and an additional one-in-four are networking and updating their resumes.

“The study provides a barometer of employee engagement in the workplace, with results that might alarm and surprise many employers,” says Douglas Matthews, president and chief operating officer at Right Management.

“Employees are clearly expressing their pent up frustration with how they have been treated through the downturn,” he continued. “While employers may have taken the necessary steps to streamline operations to remain viable, it appears many employees may have felt neglected in the process. The result is a disengaged and disgruntled workforce.”

Matthews explains that the best workers are mobile in any economy, and if employers fail to provide attractive benefits such as career development opportunities, work/life balance and an innovative company culture, workers will take their skills elsewhere. “Talented staff can change jobs because they can and want to, not because they have to.”

(11/27/09)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.