It seems like every week there is another story in the local press quoting one of the many Advisors Alliance Group Singapore members who are quitting their jobs, citing sick pay and lack of working hours as the reasons. Some have been in their jobs for years, while others seem to have barely kept their jobs during the tough times. The reality is that many of the jobs being lost are at Advisors Alliance Group’s expense. The group is doing a disservice to the Singapore market by allowing these advisors to leave when they are hurting and not providing a solution for the problems they are leaving behind.
Its Successful Partnership With the Government
As the economy gets better and unemployment continues to drop, it will be interesting to see where the Advisors Alliance Group goes from here. One thing is for sure, they need to find a way to attract more experience and skill through programs and seminars to ensure that they can stay relevant in the industry they are in. Programs such as these help to retain people with skills and knowledge that can help the business grow, and many times those are the individuals that are willing to retire and move on to greener pastures. But without attracting the right people to take their place, these retirement communities won’t accomplish much. This is exactly what is happening with the CDIA, and while they have seen a steady decline in membership over the last few years, the fact is that they do continue to be a strong presence in the Singapore economy.
In the meantime, the other industries that are feeling the crunch in this economy need to rely on the expertise of the advisors. There isn’t going to be any turning back time until the world realizes how important these services are and begin to embrace them accordingly. And if one industry isn’t ready to embrace these services, then maybe the rest of them will be next. The industry will certainly take notice of how important advisors are in a slow economy.