Despite rising costs for health insurance and profitability issues within property and casualty, the industry’s talent landscape remains strong. The unemployment rate for insurance carriers and related activities dropped by more than 1.5 points last month, following a brief spike in June. Industry employment also continues to grow, with the sector adding nearly 30,000 jobs ... August 2023: Labor Market Pulse
The insurance industry is in a unique labor market, continuing to face a talent shortage, while talk of a looming economic recession continues. In today’s evolving and uncertain economy, temporary talent – whether it’s project-based teams or interim expertise – is often necessary to effectively meet business demands and accommodate shifting needs. If you’re revisiting ... Contingent Workers: Top 8 Mistakes to Avoid
The insurance carriers and related activities sector experienced its third consecutive month of record high employment in June, reaching 2,945,300 individuals. Industry wages are also continuing to rise, with a 6.1% overall increase compared to one year ago.* Meanwhile, the insurance unemployment rate rose to 3.2% last month – the highest the industry has seen ... July 2023: Labor Market Pulse
In past editions of Recruiter Report, we’ve discussed many different aspects of the hiring process and best practices for being effective in a virtual environment. However, one topic that has frequently been coming up in our recent conversations with hiring managers is the time after an offer’s been accepted and before the individual’s start date. ... Recruiter Report: Engaging New Hires Prior to Their First Day
Summer is here and if you’re like most professionals, you’re planning to take vacation time to relax and recharge. Taking time off is essential for your physical and mental wellbeing, with studies showing vacations not only contribute to job satisfaction and productivity, but also your overall health. Yet, in today’s always connected environment, many professionals ... 9 Steps to Prepare for Vacay Mode
As hybrid and fully remote work environments become increasingly prevalent, effective collaboration and teamwork continue to evolve. Stopping by someone’s office or workspace for a question, having informal hallway conversations and making small talk in the breakroom are less possible when individuals are working from different locations. Today, it’s important to be intentional about how ... Being an Effective Collaborator in the Hybrid Environment
The insurance industry has been in a state of transformation throughout the past three years. We’ve experienced the height of a global pandemic, the most challenging labor market on record, and now, what looks like the beginning of a more stable future. Leaders have managed through the shift to fully virtual environments, “the Great Resignation” ... Securing Strong Leaders for a Successful Future
As we move through 2023, talent continues to be in high demand within the healthcare space. At Jacobson, our team regularly speaks with leaders across all areas of health insurance, gaining perspective into evolving talent needs and challenges. From expanding government programs to achieving quality goals and more, talent is a key factor in driving ... Health Highlights: Q2 2023
We’re experiencing continued job growth as we reach the mid-point of 2023. The insurance carriers and related activities sector added jobs for the third consecutive month, reaching a new high watermark of 2,939,200 in May. The industry’s unemployment rate increased to 2.5%; however, it’s likely this will fall in the coming months, consistent with a ... June 2023: Labor Market Pulse
At The Jacobson Group, we believe that our employees are the driving force behind our success. This quarter, we are thrilled to highlight three exceptional team members who embody our values and contribute to our mission. Read on to learn more about them. K’LAH YAMADA Researcher, 2 years at Jacobson Hometown: Aurora, Colorado Alma ... Jacobson Employee Spotlight – Q2 2023
A job posting is often a potential candidate’s first exposure to a role. In today’s environment, insurance job openings are abundant, making it essential to cut through the noise and resonate with the right individuals. If you’re included within the 67% of insurers planning to hire this year, the below checklist can serve as a ... Job Postings: A Checklist
As insurers aim to stay competitive in the challenging and volatile labor market, strategic succession planning and clear employee development opportunities are essential. Recently, The Jacobson Group conducted a study to better gauge the industry’s succession planning readiness. Below we highlight a few of the study’s key findings. View the full study results: https://jcbsn.gr/2022-succession-planning-study