Eileen Carpenter in an article in Financial Planning describes 6 ways to boost productivity without the costs and issues associated with adding staff.

  1. Perform a thorough client segmentation analysis and use the results to allocate resources more strategically.
  2. Develop different client service models that provide the right level of assistance for each client segment.
  3. Establish a set of investment strategies that are client suitable and efficient to manage.
  4. Evaluate and consider changing the roles and responsibilities on the team.
  5. Define the role and goals for new positions before hiring to insure bringing on the right person for the right reasons.
  6. Invest time in learning how to use current technologies more effectively.

These six steps may avoid the time-consuming and costly process of staffing up unnecessarily.

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