Fidelity's plan to hire 9,000 by Christmas springs from multiple impulses, but one is certainly a belief that new investors are here to stay.
About 6,000 Fidelity employees have left since the start of 2020, but the company has netted about 8,000 staff during that 20-month time period based on 14,000 hires.
With the latest round of hires, Fidelity will have added 22,000 new staffers since January 2020, with a growing number assigned to digital currency.
The fact that Fidelity seems to be constantly hiring and offering such strong perks can pose challenges for smaller RIAs who are going after the same talent pool, Cruz says.
"Financial advisers who rely on Fidelity for trading and custody services want to see cryptocurrency options integrated into Fidelity's existing portfolio management technology.
"Here at Fidelity, we've realized that when it's safe to do so, we don't necessarily want to go back to the old way of working, so we are doing four key things to help us prepare for what a future work experience could look like."
There are happy endings at Fidelity and for people seeking jobs. After a long hellish search, Fidelity Investments hired her to its human-resources department but only after four months in a contract period to overcome her work gap.
source: https://riabiz.com/a/2021/9/4/fidelity-investments-pulls-out-stops-on-perks-to-raise-headcount-by-7000-by-hiring-9000-to-shrug-off-labor-shortages-escalating-wages-and-call-center-attrition
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