Yes, given the rising competition in recruiting top talent across businesses, family offices are adopting unique strategies to attract and retain the best professionals. One such strategy is providing equity and profit shares to their top staff. The advantage of doing this is that top professionals are motivated to contribute to the growth of the company as they would be entitled to a share of the profits. In return, the company benefits from enhanced business strategies and decisions resulting from having a dedicated, motivated team onboard.
Family offices are typically private wealth management advisory firms. Their approach to gaining top talent matches the recent trend across sectors toward offering equity stakes or profit shares as an effective incentive to attract and maintain high-performing employees. This also helps align the employees’ interests with those of the family office and encourages a long-term commitment.
Nonetheless, it’s essential that the family offices carefully design these programs to ensure they adequately incentivize the top staff while safeguarding the family office’s long-term interests.
Family offices are giving top staff equity, profit shares in battle for talent
Yes, given the rising competition in recruiting top talent across businesses, family offices are adopting unique strategies to attract and retain the best professionals. One such strategy is providing equity and profit shares to their top staff. The advantage of doing this is that top professionals are motivated to contribute to the growth of the company as they would be entitled to a share of the profits. In return, the company benefits from enhanced business strategies and decisions resulting from having a dedicated, motivated team onboard.
Family offices are typically private wealth management advisory firms. Their approach to gaining top talent matches the recent trend across sectors toward offering equity stakes or profit shares as an effective incentive to attract and maintain high-performing employees. This also helps align the employees’ interests with those of the family office and encourages a long-term commitment.
Nonetheless, it’s essential that the family offices carefully design these programs to ensure they adequately incentivize the top staff while safeguarding the family office’s long-term interests.
