The industry remains stable moving into the new year, adding 52,700 jobs throughout 2024 and continuing its steady post-pandemic growth. Despite slight spikes in December and August, the annual average unemployment rate for insurance carriers and related activities in 2024 was 2.1%, similar to 2023’s average of 2%. While insurance unemployment reached 3.2% in December ... January 2025: Labor Market PULSE
We are thrilled to share that The Jacobson Group has been named to Best Companies Group‘s inaugural 2025 America’s Best Workplaces list! This honor is a testament to our incredible team members, whose talent and dedication make Jacobson a truly exceptional place to work. In this employee spotlight, we’re celebrating two outstanding individuals who exemplify ... Jacobson Employee Spotlight – Q4 2024
Throughout the past decade, LinkedIn has become much more than just a social networking site. It’s a powerful career tool for showcasing your professional accomplishments and building your brand. Whether or not you’re actively looking for a job, it’s likely recruiters—as well as potential clients and connections—are checking out your profile to better understand who ... Part 1 – Creating a Stand-Out LinkedIn Presence: Tips from a Recruiter
We’re closing out 2024 with a stable labor market. The insurance industry unemployment rate continues to be low and revised numbers from the Bureau of Labor Statistics show 13 consecutive months of employment growth. Additionally, all insurance industry categories we report on saw both weekly wage and employment growth in October*. Meanwhile, the greater U.S. ... December 2024: Labor Market PULSE
There’s no doubt employee engagement has been a hot topic throughout the past several years – and for good reason. The cost of quiet quitting is nearly the same as the cost of turnover, according to research from McKinsey. However, as a manager, it can be difficult to catch those at risk of becoming disengaged ... Are Your Employees at Risk of “Quiet Quitting”?
As you make your talent plans for the coming year, it’s likely you’re considering adding new positions or hiring to fill vacant roles. Depending on your organization’s needs, time constraints, budget and the urgency to fill, you may be considering whether a recruiting firm is right for you. Our team works with numerous hiring managers ... Recruiter Report: Choosing the Right Recruiting Firm
As we near the end of 2024, annual performance assessments are on the minds of many companies. Traditionally, this is a time to reflect on the year and evaluate whether individuals achieved the goals they set back in January. However, if it’s November and you’re just now thinking about performance management, you’ve fallen behind. Companies ... Rethinking Annual Performance Assessments
In October, we saw the unemployment rate for insurance carriers and related activities continue its decline from 3.1% in August, lowering to 1.5%. Meanwhile, the overall U.S. unemployment rate was unchanged at 4.1%. While the labor market may be slightly cooling, it remains stable. The Bureau of Labor Statistics reported a decrease of 1,400 industry ... November 2024: Labor Market PULSE
As your team looks toward 2025, it is the ideal time to reassess your approach to employee engagement in the context of today’s environment. In our most recent issue of Compass, Judy Busby, senior vice president and managing director, shares how to “get back to basics” in the new year and focus on creating a ... Revamping Your Approach to Employee Engagement in the New Year
The insurance industry remains relatively stable as we move through 2024. Our recent Q3 2024 Insurance Labor Market Study, conducted in partnership with Aon, revealed 86% of carriers intend to increase or maintain their staff sizes in the next 12 months. At the same time, the Bureau of Labor Statistics shows 11 consecutive months of ... Q3 2024 Insurance Labor Market Study Results: Hiring Continues
After rising to 3.1% in August, the unemployment rate for the insurance carriers and related activities sector dropped to 2.3% in September. The overall U.S. unemployment rate remains consistent, dropping just a tenth of a point. The industry also added jobs, marking its 11th consecutive month of job growth. Within the larger finance and insurance sector, ... October 2024: Labor Market PULSE
Insurers continue to adapt to an evolving labor market. From interview timelines and the most important candidate traits, to desirable leadership qualities, we’ve polled our LinkedIn audience for insights on their processes and priorities. Below is a glimpse into the industry’s current attitudes and areas of focus. As market conditions shift, so do talent priorities. ... Polling Results: What Is Influencing Recruiting Today?