The latest edition of PULSE, the monthly supplement to our quarterly Compass newsletter, is out! According to the latest BLS Employment Situation report, insurance unemployment is down. Following a slight increase at the beginning of the year, the unemployment rate for the industry was back down to 2.0 percent for the month of May. This ... Taking the PULSE of the Insurance Labor Market
The insurance industry’s “war for talent” continues to heat up. No longer just a long-range concern, insurance organizations are now face-to-face with a perfect storm of labor market challenges—from an aging workforce and impending wave of retirements to an increasingly shallow talent pool. In fact, recent estimates show that the insurance industry will need to ... Do You Have the Technology to Attract Talent?
The actuarial profession faces a growing talent conundrum. Despite an abundance of entry-level talent, today’s insurance organizations are seeing an increased tightness within the mid-career actuarial market. Insurers struggle to fill these mid-level roles with skilled and qualified candidates. With a leadership skills gap on the horizon, this narrowing within the mid-level market is even ... Are Rotational Programs Headed for the C-Suite?
This is the age of business technology. Widespread technological advancements continue to revolutionize the way organizations do business. Care management is no exception. More than ever before, new technology solutions are allowing patients and consumers to more effectively and efficiently interact and engage with their medical providers. What key tech trends are impacting care management? ... Care Management Goes High Tech with these 5 Emerging Trends
What factors are critical for business success? Financial acumen? Business savvy? Public awareness? While these all provide useful contributions to an organization’s staying power, their impact is eclipsed by one thing—human capital. Employees are the most vital aspect of an organization and its future success. In today’s candidate-driven labor market, the development of a leadership ... Retaining Top Talent: Engagement Strategies in a Competitive Market
The true underdog of recruiting is recruitment process outsourcing (RPO)—a powerful tool that is under-utilized and overlooked despite the industry-wide talent crisis. Some organizations ignore RPO’s robust benefits due to a fear of the unknown or a perceived loss of control. Others are unnecessarily anxious that an RPO partner could fail to fully understand their ... RPO Myths Debunked
The hiring process is a two-way interaction. Knowing and understanding how to best anticipate your candidates’ not-always-transparent thoughts can help give your organization the upper hand when securing the best talent. In order to create long-standing, genuine relationships with candidates, it is extremely important to put yourself in their shoes. Take a look at your ... 6 Things Your Candidates May Be Thinking, But Won’t Tell You
The results from our latest Semi-Annual Insurance Industry Labor Market Study are in! Since the first survey in 2009, this study has become an accurate predictor of the industry’s staffing outlook. Read on to gain insight into the projected talent market for this year or download the full results. Slowed Revenue Growth Projections Both property ... Continued Staffing Growth Accelerates the Search for New Talent Solutions
We stand amidst a contract-focused business reality. In today’s marketplace, it is vital that organizations are aware of contract standards when engaging with a staffing firm. Nearly four years ago, we delved into the importance of contract compliance. As we mentioned in that previous post, a contract without a strong process to ensure the clauses ... Regulatory Update: Does Your Talent Provider Have Your Back?
Today’s talent reality is shifting at a breakneck pace. This rapid evolution is bringing about an unprecedented movement away from the traditional workplace of recent years. Today’s modern workforce is increasingly “blended”—creating a unique combination of full-time, permanent employees working side-by-side with temporary professionals. Already, the inclusion of contract professionals is becoming the industry norm. ... Today’s Evolving Talent Reality: Finding Success in a “Blended” Workforce
The insurance industry stands amid a rapidly evolving talent market. Organizations are now face-to-face with the rise of virtual training, the push for inclusivity and the growing importance of the employee experience. Is your company prepared? Here are the eight top insurance industry trends for 2017: Technology Changes Highlight Need for Non-Traditional Talent: Technology continues ... Insights into the Talent Horizon: Trends for 2017
It is my pleasure to introduce a guest blogger for this latest post. Jaime Elgas is an engagement director with Jacobson’s insurance executive search practice. Her insights into interview best practices are worth a read. Enjoy… You’ve put together a carefully worded job description. You’ve closely vetted each job applicant and determined your top candidates. ... Solving the Candidate Interview Puzzle