This quarter’s Compass feature article explores comprehensive strategies for effectively retaining engaged and loyal teams in today’s challenging environment. The newsletter also includes an overview of the industry’s current labor market and recent executive-level job changes.
As insurance organizations continue to evolve in this ever-changing business climate, so does the role of its board of directors. Often selected with a strategic purpose in mind, each board member plays a distinct, essential role in effective governance. Explore several behaviors that help set the best directors apart.
For years, the insurance industry has explored how to best recruit and engage young professionals. Millennials have long been the focus of these conversations; yet, the oldest Millennials are now in their early 40s and stepping into more senior- and executive-level roles. Generation Z is the newest generation to enter the workforce and brings its ... Attracting and Retaining Gen Z in Today’s Labor Market
The insurance labor market remains incredibly tight, with a slight drop in unemployment and the loss of 1,400 jobs in March. Unemployment also fell for the overall U.S. economy, which has seen a 14-month streak of steady job growth. Job openings within the larger finance and insurance sector remain relatively high; yet, the industry continues ... April 2022: Labor Market Pulse
We’re in one of the most challenging recruiting climates in decades, making it more important than ever for insurers to hone their hiring and retention strategies. In our conversations with hiring managers, as well as in our own experience as recruiters, we’re seeing an uptick in counteroffers from candidates’ current employers. Considering 72% of insurers ... Recruiter Report: Navigating Counteroffers
Job openings reached an all-time high in January, retirements are accelerating, and new roles are continuing to emerge within the industry. “A candidate’s market” has never more accurately described the insurance industry’s recruiting climate. According to our recent Q1 2022 Insurance Labor Market Study, conducted in partnership with Aon plc, 72% of insurers are planning ... Q1 2022 Insurance Labor Study Results: Record High Percentage of Insurers Plan to Hire
Throughout the past year, insurers have faced a tight – and often tumultuous – labor market. More seasoned professionals are continuing to retire, individuals of all levels are leaving the workforce amid “the Great Resignation” and we’re experiencing “the Great Reshuffle” of talent. Our recent Q1 2022 Insurance Labor Market Study indicates the recruiting climate ... Insurance Labor Study Results Reveal Record-Breaking Recruiting Difficulty
The results of The Jacobson Group and Aon plc’s Q1 2022 Insurance Labor Market Study indicate record-setting staffing expectations and recruiting difficulty. Jeff Rieder, head of Aon’s Ward Benchmarking, and Greg Jacobson, co-CEO of The Jacobson Group, discuss the study’s key findings and provide insight on what insurers can expect from a talent standpoint in ... Episode 6: Exploring the Current State of the Insurance Labor Market: Q1 2022
According to the Bureau of Labor Statistics, January* saw the largest number of open finance and insurance jobs in at least two decades. Hires and quits are also relatively high, further illustrating the industry reshuffling that has occurred throughout the last several months. The industry unemployment rate remains low; and while employment for insurance carriers ... March 2022: Labor Market Pulse
As a people-focused organization, The Jacobson Group believes every employee’s contributions matter and impact the success of our organization, clients and candidates. In honor of Employee Appreciation Day, we’re shining the spotlight on three featured employees. Learn about more of our Jacobson colleagues by viewing past editions of our Employee Spotlight here. For monthly Employee ... Jacobson Employee Spotlight – Q1 2022
The results of the first quarter iteration of the 2022 U.S. Insurance Labor Outlook Study are now available. The study, led by The Jacobson Group and Aon, plc, examines insurance industry labor and hiring trends. View highlighted stats in our infographic.
As we move through 2022, we are seeing a number of significant talent trends within the actuarial space. This challenging environment is compounded by shifting business priorities, the emergence of new roles and technologies, and increasing employee expectations. Download our guide to learn about the actuarial trends we expect will have the most impact in ... 2022 Actuarial Talent Trends Guide