Insurers are facing a challenging recruiting climate, driven by mass Baby Boomer retirements, a low unemployment rate and continued job growth. There are currently about 250,000 open roles in finance and insurance alone, and not enough qualified individuals to fill them. Insurers that have been operating with lean workforces or tackling unforeseen workloads will likely ... Getting Internal Buy-In for Temporary Talent
The results from our most recent Semi-Annual U.S. Insurance Labor Outlook Study are now available! The study, conducted by The Jacobson Group and Aon plc, uncovers revenue and hiring trends within the insurance industry. We are highlighting key data points from the Q3 2019 results, and you can download the full results summary, webinar and ... Insurance Industry Growth Leads to Competitive Labor Market
As the insurance industry adopts new technologies and undergoes modernization efforts, accounting and finance departments have much to gain. Automation is allowing for reduced processing times, increased efficiency and higher service levels. More redundant tasks within bookkeeping and data entry are being taken over by artificial intelligence, and machine learning is identifying patterns and streamlining ... Humanizing Accounting and Finance Modernization
The 2020 healthcare open enrollment period is nearly here, slated to run from Nov. 1 to Dec. 15, 2019, with Medicare open enrollment from Oct. 15 to Dec. 7. As you know, with this seasonal spike in enrollment comes a much heavier workload. How can you best prepare for the influx to avoid staff burnout ... Preparing for Open Enrollment Now to Avoid Burnout Later
The insurance talent landscape is shifting. Many senior-level employees are nearing retirement, Millennials and GenXers are moving into leadership positions, and members of Generation Z are securing their first jobs. Along with these demographic shifts, technology is redefining roles, making today’s desired leadership skills much different than those of even 10 years ago. Current insurance ... Key Attributes of Tomorrow’s Insurance Leaders
It’s no secret we’re currently experiencing a candidate-driven market. Overall U.S. unemployment is at a near-50-year low and within the insurance industry, there are more job openings than qualified individuals to fill them. As the war for talent continues and Baby Boomers retire, many insurers are challenged with recruiting new leaders in an increasingly competitive ... Benefits of Using an Executive Search Firm
The Jacobson Group is proud to partner with a number of industry organizations in leading the Insurance Careers Movement (ICM). Dedicated to engaging emerging talent and educating them about the industry, ICM continues to raise awareness of insurance as a desirable career choice. Already, we have helped to grow this movement to more than 850 ... Insurance Careers Movement: Open Letter to College Graduates
Temporary talent is an important component of a comprehensive human capital plan. Insurance organizations must be nimble and able to quickly calibrate to support workloads, busy seasons, employee leaves and special projects. As the gig economy grows and becomes more commonplace, the ability to effectively leverage short-term employees is imperative. According to Mercer’s 2019 Global ... Focus on the First Five Days: Setting Temporary Workers Up for Success
Recently, Forbes named The Jacobson Group to its 2019 List of America’s Best Recruiting Firms. We’re proud to share that we ranked in both of the list’s categories: executive search and professional recruiting. The main purpose of the Forbes list is to help companies select the right recruiting firms for their needs. There are a ... What to Look for in a Professional Recruiting Firm
Traditionally, insurance organizations have consisted of siloed departments that are each responsible for specific parts of the business. As the industry evolves, insurers are responding to a shifting environment and finding value in working with more agility and efficiency. Collaboration among departments is becoming more important than ever. Effective collaboration helps break down barriers among ... The Rise of Collaboration in Compliance
As you’ve probably noticed, it is taking longer to fill positions than ever before—that is, if you can fill them at all. Fewer qualified candidates are submitting their resumes and your recruiters have no choice but to tirelessly tap passive industry professionals hoping the opportunity catches their interest. How did we get here? As many ... Breaking the Truth: The Cost of Vacancy
Today’s claims executives are concerned. Worry about how they will survive without their soon-to-retire skilled claims professionals keeps them up at night. Even worse, departments have fewer candidates on the bench to fill those soon-to-be vacant positions. Even when executives look outside their departments for talent, non-local candidates are less willing to relocate, as many ... Virtual Leadership: How to Manage Remote Claims Staff