Insurance underwriting unemployment is nearly four times lower than the national rate and nearly half the overall insurance rate. With virtually non-existent unemployment, the pool of potential talent is tightening, making it more and more difficult to find and recruit underwriters.
Topics: Labor Market
The work-at-home movement is taking off within the business world. Already, it is estimated that 30 million professionals in the U.S. are working from home at least once a week. According to a study by the Telework Research Network, that number is expected to increase by 63 percent in the next five years. While The Jacobson Group has had a few employees working from home for over a decade, we just officially launched a companywide telecommuting program.
Jacobson has come face to face with some immediate growing pains after expanding far beyond what we originally anticipated when we signed the lease for our new Chicago headquarters a few years ago. While this is a good problem to have, the reality is that we are running out of desks for all of our exceptional employees and are implementing a work-at-home policy for qualified staff.
Regulatory bodies, both within the U.S. and internationally, have turned their focus toward expanding their oversight and enforcement activities. With this trend only expected to accelerate, the increase in regulatory changes is creating an industry-wide ripple effect that is expected to impact the majority of insurers.
Already, the industry is predicting a number of new rules and modified requirements that could significantly affect how insurers operate. In order to succeed in this evolving environment, organizations need to stay on top of impending changes and their potential impact, lest they find themselves scurrying to achieve compliance at the eleventh hour.
It is my pleasure to introduce a guest blogger for this latest post. Steve Lessaris is a Client Development Manager with our Professional Insurance Recruiting practice. Steve recently attended the 2nd Annual Analytics for Insurance USA Conference and gathered some insights that are definitely worth a read. Enjoy…
Do you know how your organization is perceived outside of the office? Do potential candidates view your organizations as a great place to work?
As Catherine Prete, Jacobson’s senior vice preside of operations, discussed in our latest edition of Compass, your talent brand can play an important role in attracting and retaining professionals. In fact, 83 percent of global recruiting leaders report that a strong reputation is a critical driver behind hiring top employees.