Takeaway: Hiring a family member

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

Today’s takeaway is…

What to do when hiring a family member

When hiring family, you need to communicate openly and evaluate objectively. Institute monthly performance reviews to set goals and address performance issues in a formal, unemotional way.

And, if you have even the slightest inkling you’ll wind up firing the family member, don’t start down the path.

Want more? Read: Hiring a family member

Staff

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