Companies that fail to get the culture right will fail to hire the right candidates to help the business grow and succeed, according to Jenny Segal, founder of Speaking with Images.
Segal, a former actuary and asset management salesperson who has now authored several books, said it was important to understand the positive impact on a company’s financials of having a great workplace culture.
Speaking on the latest Tea with the FTA mini-series, Segal said it was clear that if we love what we do and see the purpose in what we do, then we will perform better.
Conversely, if there are terrible cultures, there is the cost of having to rehire and retrain.
“It’s one of these perfect things, where doing the right thing results in a better outcome,” she told co-hosts Vanessa Barnes, founder of Hannay Wealth, and Simoney Kyriakou, editor of FT Adviser.
Barnes pointed out that a discernibly “elbowy, aggressive culture” of a firm can put off both men and women from even applying.
“But if we get the firm’s culture right, this brings its own rewards,” Segal added.
FT Adviser and the Women’s Wealth Alliance have teamed up to create a mini-series of vodcasts. The WWA, a working group of the Consumer Duty Alliance, has been tasked with a twofold goal: to help bring more women into financial services and to improve the financial resilience and education of women across the UK. This is no small task, as our series of six interviews, called Tea with the FTA, outlines.
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