The insurance labor market remains strong as realignment persists. Although the industry saw a slight decrease in jobs from December to January, revised numbers* from the Bureau of Labor Statistics show 2022 average monthly employment for the insurance carriers and related activities sector was 2.9 million – 74,350 more positions than previously reported. This annual ... February 2023: Labor Market Pulse
High industry turnover and quiet quitting are further compounding existing talent challenges, making it more important than ever to keep employees engaged and fulfilled. However, while most leaders understand the importance of building employee loyalty – especially among top performers and high potential individuals – few have formal retention plans in place. Stay interviews are ... Stay Interviews: A Checklist
Despite a sense of economic uncertainty, the insurance labor market does not seem to be cooling in the new year. The industry ended 2022 with roughly 40,000 more jobs than the start of the year and 10 consecutive months of wage increases. Voluntary quits and job openings within finance and insurance had slight dips in ... January 2023: Labor Market Pulse
Moving into 2023, insurers are continuing to navigate new shifts in employee behaviors, a persistent candidate’s market, decisions around long-term work environments and balancing organizational needs with employee expectations. Below are a few of the key trends we’re anticipating. To read more, download our complete 2023 Insurance Talent Trends Guide. Successful talent strategies are future ... Talent Trends on Our Radar in 2023
The start of a new season is often a time for goal setting and reflection. In the post-pandemic reality, many individuals are focusing their goals on what brings them joy and fulfillment – both in their personal and professional lives. As you solidify your career aspirations, ensure you’re thinking strategically about how you’d like to ... Taking Charge of Your Professional Development
The holiday season can be a unique time for recruiting. However, while there are often challenges in terms of scheduling and time off, there’s also an opportunity to recruit top talent in a less competitive market. Whether you are looking to fill a position within the next few weeks or considering holding off on new ... Recruiter Report: The Pros and Cons of Holiday Recruiting
Organizations are continuing to navigate new challenges and enter uncharted territory as we move toward 2023. To help leaders gain a better understanding of the current talent marketplace, we’ve polled our LinkedIn audience on a number of timely talent topics. Below is a compilation of the results and a snapshot into the industry’s take on ... Polling Results: How are Organizations Navigating the Current Talent Marketplace?
It’s hard to believe 2022 is already coming to an end. Here at Jacobson, we’re grateful for our team members and know they’re the key to our company’s success in the new year and beyond. Below we highlight a few of these individuals and their roles. Learn about more of our Jacobson colleagues by viewing ... Jacobson Employee Spotlight – Q4 2022
The insurance industry is closing out 2022 with low industry unemployment and a high level of open finance and insurance positions. Despite ongoing economic uncertainty and a pending recession, insurance remains a candidate’s market as we enter the new year. Voluntary quits remain elevated within finance and insurance; however, retirements saw a decline from 13,000 ... December 2022: Labor Market Pulse
The health insurance industry continues to evolve, as insurers strive to best meet changing member needs and provide a holistic member experience. Now, as many health plans aim to grow their Medicare Advantage business, the ability to effectively deliver on these initiatives has become a key differentiator. According to the Kaiser Family Foundation, there are ... Health Highlights: Q4 2022
As we near the end of 2022, the insurance labor market remains relatively strong. Unemployment is low, at 1.1%, and the insurance carriers and related activities sector has added nearly 34,000 jobs since the start of the year. However, finance and insurance job openings continued a four-month decline in September*, dropping to 280,000. Additionally, retirements ... November 2022: Labor Market Pulse
The tight labor market continues to intensify, with savvy insurers seeking creative ways to attract qualified professionals and expand their talent pools. Our team regularly works with hiring managers to determine the needs of a particular role, as well as how to creatively uncover qualified, yet perhaps non-traditional, candidates. In this edition of Recruiter Report, ... Recruiter Report: Recruiting for Skills, Not Experience