The insurance industry is aging. According to the Bureau of Labor Statistics, nearly 50 percent of the industry workforce is older than 45 and only 26.67 percent of employees are under the age of 35. In order to prepare for the future and successfully build a bench of bright, young talent, insurers must focus on ... Recruiting Millennials: How to Bring Young Talent to Your Organization
A wave of new regulatory initiatives is hitting the life insurance industry. These reporting requirements are leading many insurers to take a deeper look at their current employees and evaluate their staffing efforts. According to a study by Towers Watson, merely 27 percent of current life insurance personnel understand the basics of these new regulatory ... Are Industry Regulations Leaving You in the Lurch?
It is my pleasure to introduce a guest blogger for this latest post. Jenn Shorr is a contract analyst here at Jacobson, administering contracts and overseeing Jacobson’s risk management program. Her insights into mandated employer benefits are worth a read. Enjoy… The past five to seven years have seen a marked increase in the number ... Navigating the Regulatory Waters
The results from the January 2014 iteration of our U.S. Insurance Labor Outlook Study are now in. The rate of hiring has increased to its highest point in the entire history of the study, with nearly 62% of survey participants responding that they intend to increase their staff during 2014. In addition, the BLS has ... Forecasting a Perfect Storm for Insurance Talent in the U.S.
Do your employees love working for you or are they just putting on a good show? According to a Gallup survey of the American workplace, 63% of employees are unhappy with their jobs, while 24% of workers actively hate their jobs. Combine these two numbers and just over 1 out of 10 workers in the ... Are Your Employees “In Love?”
There is a fundamental shift occurring in the workplace and the insurance industry is no exception. Industry-wide, the traditional employment model is being modified as the use of temporary workers continues to rise. According to the BLS, the penetration rate has reached an all-time high of 2.06%, with the industry bringing on more than 235,000 ... Is Temporary the New Permanent?
Happy and motivated employees are the key to any successful business. A company will have a hard time being productive and profitable with employees who don’t enjoy their jobs. Yet studies are reporting that anywhere from 66% – 77% of workers in the U.S. are disengaged and unmotivated. So what can we do? There is ... Las Vegas or Bust! Rethinking Employee Engagement
I want to use this post as an opportunity to congratulate women in insurance on a major milestone. You’ve undoubtedly heard that Inga Beale was recently appointed as Chief Executive of Lloyd’s, one of the most high profile jobs in the global insurance industry. This unprecedented move makes Ms. Beale the first woman to lead ... Reason to Celebrate: Women Making Strides in Insurance Industry
It is my pleasure to introduce a guest blogger for this latest post. Patricia Strange is a Fulfillment Director leading our executive search team here at Jacobson. Patty’s expertise provides strong insights that are definitely worth a read. Enjoy… Recently, I had the pleasure of attending a Women’s Insurance Networking Group (WING) luncheon with guest ... Game On: The Quest to Attract Analytical Talent
Ok, so fair warning: the title will be the most intriguing part of this post. What I am really talking about is contract compliance, specifically as it relates to staffing firms. First though, allow me a brief divergence to reminisce about the good old days… I was Project Lead for a Data Center Consolidation project ... Keep a Watchful Eye on Your Partners
My most recent posts have explored the tightening insurance labor market. With the war-for-talent in full-swing, the demand for executive-level insurance talent is no exception. Add to the mix a constantly evolving industry, requiring leaders who inspire innovation and change, and you have a lot of critical positions that are difficult to fill. As Greg, ... Anatomy of Today’s Successful Insurance Leader
Back in July, I wrote about what we were seeing in the tightening insurance labor market and included some of the research that our talented marketing department put together in order to help us identify the long-trend causes. The just released September PULSE seems to confirm the trend: a labor market much tighter than the ... Recent Data Confirms Our Assessment of the Insurance Labor Market