Family Office Sherpa Podcast Episode 31 - Family Members as Office Employees

Having family members employed by the family office is common. It can be of huge benefit and not without its challenges. I have seen it go very well, creating engaged and upskilled family members. I have seen it go awry, with conflict and fracturing of the office.

In the latest Family Office Sherpa Podcast, I dig into the things that should be noted when deciding or reviewing the family participant.

·       The Optics for internal and external stakeholders

·       Pay and KPIs

·       Credibility and Skill Set

·       Managing risk

·       Work ethic and resilience

·       Education and upskilling opportunities

·       Good governance on contracts

·       Make it impactful, not "busy work"

·       No protected employees

·       Is it sustainable

I also provide some detail on how to get family members involved as we try create a sense of ownership.

For more insights into family offices and their investments, operations and technology, subscribe to the Sherpa newsletter at:  hallroad.com.au.

Cheers

Shaun.

“Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors”