How is your team doing?

How is your team doing?
The single greatest risk facing employees right now may be mental health, and leaders can do a lot to institute a healthy work-life balance
DEC 14, 2020

During a virtual event this week, an unexpected discussion emerged about how staffs are managing the pandemic, and it yielded some valuable insights. 

On the plus side, in assessing the overall performance of her staff’s adjustment to this odd workplace year, one participant said, “Everyone on staff did great this year.” And everyone around the table agreed. The group also spoke to the benefits technology brought to managing work during this time. 

But there were also important insights into the challenges that people face. One participant noted that the single greatest risk facing employees right now is mental health, and that leaders need to help their teams set up appropriate barriers between work and home. The memes say that the challenge of work-from-home life is the occasional roaming cat on a keyboard, but it’s the unseen challenges that bear watching.

One particularly jarring statement came when someone said high-performing employees with family commitments are considering leaving the workforce, and another participant recommended that everyone read a McKinsey & Co. report titled “Women in the Workplace 2020,” which speaks to the challenges facing all parents and can inform leaders as to the steps needed to operate effective, constructive workforces. 

I plan to read it, and I’m passing it along to you all, too.

Latest News

Wells Fargo nabs $1.7B RBC advisor team, loses two teams to LPL
Wells Fargo nabs $1.7B RBC advisor team, loses two teams to LPL

The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.

Most potential business successors think there's a plan – but owners say otherwise
Most potential business successors think there's a plan – but owners say otherwise

Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.

Mariner adds caregiving support as advisors flag rising client need
Mariner adds caregiving support as advisors flag rising client need

The Kansas-based mega-RIA is giving clients access to dedicated care coaches as new surveys show caregiving duties are straining Americans' finances.

Aspen Standard Wealth adds $1.3B in eighth RIA deal
Aspen Standard Wealth adds $1.3B in eighth RIA deal

Aspen's affiliated RIAs now manage $15 billion after the New York-based platform added Kalamazoo-based CWS Financial Advisors.

Hightower Signature Wealth adds $5 billion in deal hat trick
Hightower Signature Wealth adds $5 billion in deal hat trick

The Chicago-based mega-RIA's latest additions, spanning six office locations and over 40 team members, pushes its W-2 platform assets to roughly $35 billion.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.