As advisers pass exams, meet client longevity benchmarks and business quality scores, they can progress to the top Partnership level after an invitation from the Board.
The firm uses a Business Quality Score’ (BQS) to measure the adviser’s work in terms of quality of advice, retentions and number of policies written.
At the first ‘Adviser’ level, new employees must complete a five-day induction and demonstrate competency in the advice they provide through observed role playing and written exams. Once signed off, advisers are encouraged to study for their Chartered Insurance Institute (CII) Certificate in Insurance qualification.
After 12 months service, the adviser can look to secure ‘Associate’ status after assessment and further training and if successful receive salary increases and increased holiday entitlement.
The final tier requires a minimum of two years service and the individual must have achieved their Diploma in Insurance, coupled with an ongoing strong BQS performance. In achieving Partnership status, individuals will qualify for increased salary, holiday and pension and be offered more flexible working hours.
Jason Butler, CEO of Jump Money, said: “We believe it is vitally important to have a strong structure in place in order to incentivise our advisers and to ensure we have quality individuals across the entire business.”
This new tiered progression allows our advisers to showcase their abilities and to be rewarded for achieving their continuous professional development responsibilities via external professional qualifications and meeting the high BQS standards we set.”
