While employment for insurance carriers and related activities has been on the rise for the past six months, revised BLS numbers* show average employment for 2021 was roughly 2.8 million, about 57,000 fewer jobs than originally reported. However, the tight labor market persists, and industry hiring is not keeping pace with its number of quits. ... February 2022: Labor Market Pulse
Throughout the past few years, planning ahead for open enrollment and annual enrollment periods has become increasingly critical. Now, with the industry facing an incredibly tight labor market and organizations fighting an ongoing war for talent, securing the right sales agents early on is more important than ever to overall success. Last year, health plans ... Talent Strategies for a Successful 2023 Open Enrollment Season
While industry unemployment rose slightly at the end of 2021, the insurance carriers and related activities sector experienced six consecutive months of gradual job growth and reached a record high for annual average employment. Recent growth appears to be primarily driven by title, claims and agent/broker roles. The BLS also reported 407,000 job openings within ... January 2022: Labor Market Pulse
As 2022 begins, it’s likely you’re reflecting on last year’s accomplishments and refining your goals for the new year. For many individuals, personal and professional aspirations are more intertwined than ever before, a result of long-term remote work, shifting priorities and continued unpredictability. Below, a few of our colleagues at The Jacobson Group share how ... Insights for Personal and Professional Success in 2022
Entering 2022, we mark nearly two years of adapting to the effects of the COVID-19 pandemic. Shifting employee expectations and long-term virtual and hybrid work environments, along with a tight labor market, will all impact how insurers approach their talent strategies in the new year. Below are a few of the key trends we’re anticipating. ... Talent Trends for Insurers to Watch in 2022
We’re closing out 2021 on a positive note, with a low unemployment rate and the addition of new jobs within the insurance carriers and related activities sector. This year has seen numerous shifts, including changing candidate expectations, an intensifying war for talent and continued reshuffling. The unemployment rate for insurance carriers and related industries remains ... December 2021: Labor Market Pulse
As we near the end of 2021 and continue to celebrate our 50th year providing talent to the insurance industry, we’re more thankful than ever for the dedicated individuals who are committed to helping our clients meet their talent goals. Below we highlight a few members of our team and their roles. Learn about more ... Jacobson Employee Spotlight – Q4 2021
The recruiting landscape continues to transform and candidates’ attitudes and motivations are evolving along with it. In October, we hit an unprecedented 0.8% unemployment rate within the insurance industry. Recruiting has become even more difficult as the war for talent rages on. However, many hiring managers are now experiencing a new challenge: understanding how serious ... Recruiter Report: Gauging Candidate Sincerity
Insurance leaders are continuing to evolve their styles and strategies to accommodate shifting business and employee needs. While this may look different depending on individual teams, departments and organizations, the need for engaged and productive employees is universal. In a recent episode of The Insurance Talent Podcast, Greg Jacobson, co-CEO of The Jacobson Group, sat ... Leadership in the Virtual Environment: New Podcast
Unemployment for the insurance industry continues to drop, reaching a record low in October. At 0.8% unemployment, this is the industry’s lowest unemployment rate in the BLS’s 20-year recorded history and only the second time it has dropped below 1%. However, employment for insurance carriers and related activities continues to decrease, with a loss of ... November 2021: Labor Market Pulse
One of the pressing topics within the actuarial community is how to grow and develop good actuaries into great managers. The actuarial profession is built upon solid technical skills and ongoing development. An analytical mindset and the ability to comprehend complex data sets and numbers create a firm foundation for any young actuary. However, as ... Developing Leaders for Tomorrow’s Actuarial Teams
Health insurers are facing a turbulent labor market with complexities caused by vaccine mandates and government regulations, a tightening employment landscape and the implications of “the Great Reshuffle.” Our team talks with health insurance leaders on a regular basis, keeping a pulse on what is impacting the talent marketplace. Below are the pressing topics and ... Health Highlights: Q4 2021