When trust is key, employee engagement is a must.
The financial services industry is one built on trust and relationships. A highly engaged team who care deeply about the work they are doing alongside a robust and effective performance management process are therefore of the utmost importance.
Get a handle of both with our simple employee check-in.
When trust is key, employee engagement is a must.
The financial services industry is one built on trust and relationships. A highly engaged team who care deeply about the work they are doing alongside a robust and effective performance management process are therefore of the utmost importance.
Get a handle of both with our simple employee check-in.
We help a number of financial service clients with their engagement & performance challenges:
Why is employee engagement and retention important for the finance sector?
In a highly volatile industry with a continuing trend towards digitisation, where a thriving business is built upon great relationships and reputation, keeping staff engaged and in position is key to delivering a continued premium service that people can trust.
Employee benefits aren't always that effective
Historically, more so than many other industries, the finance sector has looked to encourage great work and engagement through the use of lucrative bonus programmes and other benefits.
These play a role of course, but plenty of research (both from academia, including Harvard Business School and businesses such as PwC) has shown they can often have a detrimental effect on employee engagement and workplace culture.
Weekly10 offers another solution.
Reducing employee churn needs to be a top priority
In 2019 the UK financial services sector faced a staff attrition rate of 13.8%, one of the highest of any professional service industry. With the average estimated cost of replacing an employee sitting just north of £30,000, this is likely a key concern for you and your business.
Improve productivity through building a change & disruption resilient culture
Volatility is a part of the business. When times are good they are great, when they are bad they can sometimes be really bad. Focussing on crafting a culture when people are intrinsically motivated to 'turn up' and be at their best is a vital strategy for top performance all year round.
Employee benefits aren't always that effective
Historically, more so than many other industries, the finance sector has looked to encourage great work and engagement through the use of lucrative bonus programmes and other benefits.
These play a role of course, but plenty of research (both from academia, including Harvard Business School and businesses such as PwC) has shown they can often have a detrimental effect on employee engagement and workplace culture.
Weekly10 offers another solution.
Reducing employee churn needs to be a top priority
In 2019 the UK financial services sector faced a staff attrition rate of 13.8%, one of the highest of any professional service industry. With the average estimated cost of replacing an employee sitting just north of £30,000, this is likely a key concern for you and your business.
Improve productivity through building a change & disruption resilient culture
Volatility is a part of the business. When times are good they are great, when they are bad they can sometimes be really bad. Focussing on crafting a culture when people are intrinsically motivated to 'turn up' and be at their best through change is a vital strategy for top performance all year round.
Employee engagement for the financial services sector from Weekly10
The Weekly10 platform allows progressive finance firms to measure, adjust, improve and monitor the engagement of their people through a simple, light-touch weekly check-in.
Honest, open and owned feedback on a regular cadence
One of the key pillars of great employee engagement is open, two-way feedback between managers and their teams. By default our employee check-in is not anonymous (you have flexibility to turn anonymity per question), all answers are shared directly with managers and our comments feature allows for a conversation on any key points.
With studies finding staff want more workplace feedback than they are getting - millennial workers expect feedback to happen weekly, Gen Z even more frequently - and the power of timely feedback in impacting behaviour and performance, we believe a weekly check-in is the correct approach for most finance companies.
However, with Weekly10 you have the flexibility to set a cadence that is right for your firm's needs. Our team of HR professionals, technologists and psychologists will help you setup a feedback cycle that is perfect for improving engagement within your teams.
Honest, open and owned feedback on a regular cadence
One of the key pillars of great employee engagement is open, two-way feedback between managers and their teams. By default our employee check-in is not anonymous (you have flexibility to turn anonymity per question), all answers are shared directly with managers and our comments feature allows for a conversation on any key points.
With studies finding staff want more workplace feedback than they are getting - millennial workers expect feedback to happen weekly, Gen Z even more frequently - and the power of timely feedback in impacting behaviour and performance, we believe a weekly check-in is the right approach for most finance businesses.
However, with Weekly10 you have the flexibility to set a cadence that is right for your firm's needs. Our team of HR professionals, technologists and psychologists will help you setup a feedback cycle that is perfect for improving engagement within your teams.
Question templates
Create your own check-in questions or borrow from our curated question sets. Each set has been built to focus in on a certain area of workplace culture by our team of 'People Scientists'.
Engagement analytics
Our AI-driven sentiment analysis provides you with a unique view on how engagement across your business is. Deep dive into individual teams, departments or locations to help pinpoint any engagement issues and benchmark what great looks like.
Encourage recognition
'Mentions' allow staff to shine a light on the great work being done around them that leadership may be missing. Unearth your hidden talent, build social links within the organisation and boost engagement.
Question templates
Create your own check-in questions or borrow from our curated question sets. Each set has been built to focus in on a certain area of workplace culture by our team of 'People Scientists'.
Engagement analytics
Our AI-driven sentiment analysis provides you with a unique view on how engagement across your business is. Deep dive into individual teams, departments or locations to help pinpoint any engagement issues and benchmark what great looks like.
Encourage recognition
'Mentions' allow staff to shine a light on the great work being done around them that leadership may be missing. Unearth your hidden talent, build social links within the organisation and boost engagement.
Try before you buy?
Our free 21-day trial is a great way to see how a weekly check-in could help improve engagement at your workplace.
Performance management for the finance sector from Weekly10
One of the beauties of our simple employee check-in is the rich data it provides for other people-focussed activities, performance being one of the big ones. Use our goal/OKR-setting, performance review and 1:1 features to power up your approach to performance.
Set and achieve with SMART goals or OKRs
No matter your performance management framework of choice, Weekly10 can be configured to help your managers and leaders track performance across all high-level targets. As part of the weekly check-in, employees not only answer questions targeting key engagement and wellbeing issues but also can provide quick and vital updates on any set goals.
Set and achieve with SMART goals or OKRs
No matter your performance management framework of choice, Weekly10 can be configured to help your managers and leaders track performance across all high-level targets. As part of the weekly check-in, employees not only answer questions targeting key engagement and wellbeing issues but also can provide quick and vital updates on any set goals.
Performance reviews
8/10 employees say traditional performance reviews don't work. Shake things up with a review that is not only based on real-evidence collected weekly as part of the check-in but only takes a few clicks to create, meaning more time for a meaningful & targetted conversation.
360° feedback
Boost your review process by collecting feedback from those outside of your company. Gather the thoughts of suppliers, strategic partners and even users with the simple click of a button.
Performance analytics
Track and analyse the progression of key targets, see where organisational objectives are bottle-necking and 'pass-up' great performance for improved employee visibility.
Performance reviews
8/10 employees say traditional performance reviews don't work. Shake things up with a review that is not only based on real-evidence collected weekly as part of the check-in but only takes a few clicks to create, meaning more time for a meaningful & targetted conversation.
360° feedback
Boost your review process by collecting feedback from those outside of your company. Gather the thoughts of suppliers, strategic partners and even users with the simple click of a button.
Performance analytics
Track and analyse the progression of key targets, see where organisational objectives are bottle-necking and 'pass-up' great performance for improved employee visibility.
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Our latest articles:
-
Remote work and technology issues: How do we ensure tech equity for all?
While there have been plenty of positives worth shouting about, the transition to telecommuting for many over the past year has hit
-
Three less obvious elements that help create effective employee engagement
For our recent ‘HRD Guide to Employee Engagement in a Digital-First World’ our in-house People Science team joined forces with a number
-
It’s good to talk: Has remote working impacted our ability to communicate well?
With everything going on over the last year or so, there’s been a lot to say on the topic of working