Unemployment for the insurance industry continues to drop, reaching a record low in October. At 0.8% unemployment, this is the industry’s lowest unemployment rate in the BLS’s 20-year recorded history and only the second time it has dropped below 1%. However, employment for insurance carriers and related activities continues to decrease, with a loss of ... November 2021: Labor Market Pulse
One of the pressing topics within the actuarial community is how to grow and develop good actuaries into great managers. The actuarial profession is built upon solid technical skills and ongoing development. An analytical mindset and the ability to comprehend complex data sets and numbers create a firm foundation for any young actuary. However, as ... Developing Leaders for Tomorrow’s Actuarial Teams
Health insurers are facing a turbulent labor market with complexities caused by vaccine mandates and government regulations, a tightening employment landscape and the implications of “the Great Reshuffle.” Our team talks with health insurance leaders on a regular basis, keeping a pulse on what is impacting the talent marketplace. Below are the pressing topics and ... Health Highlights: Q4 2021
The use of contingent labor continues to increase, especially in today’s complex and continually changing business environment. Staffing Industry Analysts predicts staffing industry growth of 16% in 2021. Additionally, our recent Q3 2021 Insurance Labor Market Study found 96% of insurance carrier respondents plan to maintain or increase their use of interim employees in the ... Measuring the Effectiveness of Your Contingent Labor Program
The insurance industry’s unemployment rate dropped a full percentage point to 1.9% in September, reaching its lowest since the start of the pandemic. However, while the unemployment rate is low, industry employment also continues to drop. This is likely due to the complexity of the job market, and the effects of not only the Great ... October 2021: Labor Market Pulse
As the industry experiences “the Great Reshuffle,” it’s likely many people within your network are accepting positions at new companies, reevaluating their professional paths or making lateral moves. The experiences of the past 18 months have inspired individuals to reprioritize their work and personal responsibilities. Professionals have adjusted their employer expectations and redefined career satisfaction ... Four Questions for a Mindful and Focused Job Search
For most insurers, the hiring process continues to be primarily virtual, bringing with it new obstacles and best practices. Candidates expect streamlined experiences tailored to the remote environment and have become less forgiving of avoidable missteps. Employers must be strategic about engaging candidates at every touchpoint, and presenting open roles and their organizations in the ... Recruiter Report: Creating an Optimal Candidate Experience
The insurance industry saw unemployment drop from 4.2% in July to just 2.9% in August. This came with a slight decrease in industry jobs, continuing a five-month decline. While the Bureau of Labor Statistics reports industry employment is just shy of where it was one year ago, our Q3 2021 Insurance Labor Outlook Study indicates ... September 2021: Labor Market Pulse
Recently, The Jacobson Group was named to the 2021 list of Business Insurance’s Best Places to Work in Insurance. As a talent-focused organization, we’re dedicated to our employees’ growth and success throughout all stages of their careers. This quarter, we’re shining the Employee Spotlight on some of Jacobson’s newest faces. We’re thrilled to have them ... Jacobson Employee Spotlight – Q3 2021
As catastrophe season continues, insurers are responding to recent devastating events while also preparing for what the next few months may bring. The year has already seen hurricanes, earthquakes and wildfires, meaning the ability to adapt to increased workloads has become a vital part of insurers’ claims management strategies. Hybrid workforces – which are comprised ... Building Hybrid Teams Ready for New Challenges
For the past 18 months, job seekers have experienced a shifting labor market and many uncertainties. Now, as professionals feel a greater sense of stability, many are reevaluating their current roles and priorities, and seeking out employers who can best meet their needs. Although insurance industry unemployment rose to 4.2% in July, we’re seeing an ... Results of the Q3 2021 Labor Outlook Study: Insurance Remains in a Candidate’s Market
As we move through the second half of 2021, insurers’ employment outlooks remain strong. Our recent Q3 2021 Insurance Labor Outlook Study, conducted in partnership with Aon plc, found 93% of insurers plan to increase or maintain their headcounts in the next 12 months. Now in its 25th iteration, the semi-annual study collects and examines ... Results of the Q3 2021 Insurance Labor Outlook Study: Employment Growth Amid a Difficult Recruiting Market