Generational Spotlight: Baby Boomers as the Workplace Leaders

Posted by The Jacobson Group on Dec 19, 2014 8:49:00 AM

This blog entry is part three in Jacobson’s Generational Spotlight Series, which provides a general overview of the generations active in the workforce. While we understand that these overviews may include broad stereotypes that do not apply to all members of that particular breakdown, we believe there is value in looking at today’s professionals from a generational perspective in order to gain a better understanding of their viewpoints. 

Conversationally known as “Boomers,” Baby Boomers are the largest generational cohort currently employed. With 66 million professionals, the Boomers comprise 44 percent of the U.S. workforce. While these experienced individuals hold most of the power and control within the workplace, retirements are on the horizon and many early boomers are already on the cusp of exiting the business world.

Read More

Topics: Retention

Generational Spotlight: Generation X Poised to Take the Lead

Posted by The Jacobson Group on Dec 10, 2014 9:56:55 AM

This blog entry is part two in Jacobson’s Generational Spotlight Series, which provides a general overview of the generations active in the workforce. While we understand that these overviews may include broad stereotypes that do not apply to all members of that particular generational breakdown, we believe there is value in looking at today’s professionals from a generational perspective in order to gain a better understanding of their viewpoints. 

Generation X—also known as the Baby Busters, Post-Boomers and the Thirteenth Generation—currently accounts for 33% of the U.S. labor force, with 50 million employees. With the insurance industry expecting to see a dramatic loss of executive and management level talent due to an impending wave of retirements, these professionals are preparing to step up into industry leadership roles.

Read More

Topics: Uncategorized

Generational Spotlight: Millennials Shaping the Future Workplace

Posted by The Jacobson Group on Nov 24, 2014 10:28:00 AM

This blog entry is part one in Jacobson’s Generational Spotlight Series, which provides a general overview of the generations active in the workforce. While we understand that these overviews may include broad stereotypes that do not apply to all members of that particular generational breakdown, we believe there is value in looking at today’s professionals from a generational perspective in order to gain a better understanding of their viewpoints. 

The Millennial generation—currently 77 million strong—is entering the workforce in vast numbers. Currently, Millennials account for 25% of the U.S. workforce and are expected to form 50% of the global workforce by 2020. They are the fastest-growing generational cohort and are expected to shape the world of work for years to come.

Read More

Topics: Millennials

Corporate Citizenship: An Overlooked Talent Solution?

Posted by The Jacobson Group on Nov 13, 2014 8:46:00 AM

Ten volunteers, a few glue sticks, construction paper and a surprise visit from the one-and-only Cookie Monster are all it took to foster employee engagement and help promote the unique company culture at The Jacobson Group. On October 16th, a group of Jacobson employees visited Chicago’s Harold Washington Library as part of the Insurance Industry Charitable Foundation’s (IICF) Week of Giving event. Participating in the newly launched Every Day is a Reading and Writing Day initiative, our volunteers joined together with local children and families to participate in interactive Sesame Street games, videos and activities designed to encourage children and the adults in their lives to read and write together. 

Read More

Topics: Managed Care, Property and Casualty, Life and Disability, Retention

Generation X: Growing Tomorrow’s Insurance Leaders

Posted by The Jacobson Group on Oct 29, 2014 4:49:00 PM

The leadership landscape of the insurance industry is poised to undergo monumental changes during the next 10 years. Currently, the fraction of professionals aged 55 and older within the insurance industry is nearly 30 percent higher than that same fraction measured within the economy as a whole. In addition, almost 25 percent of the current workforce is predicted to be on the verge of retirement by 2018. At this rate, experts estimate the industry will need to fill 400,000 positions by 2020 in order to remain fully staffed.

Read More

Topics: Labor Market, Retention

Personal Cheerleaders: Should Management Double as Employee Coaches?

Posted by The Jacobson Group on Oct 17, 2014 10:04:00 AM

The most important part of any organization is its employees. The effective engagement of employees can be the difference between business success and failure. However, as mentioned in a previous blog post, Gallup reports that 63% of U.S. employees are unhappy with their jobs, while 24% actively hate their position. Together, these number reflect a bleak reality where just over 1 in 10 U.S. employees actually enjoy their work. 

Read More

Topics: Managed Care, Property and Casualty, Life and Disability, Retention

Insurance 2.0: Finding Tech Talent for the Insurance Industry

Posted by The Jacobson Group on Sep 24, 2014 3:32:00 PM

The crunch is on! As analytics and big data shape the future of the insurance industry and the demand for high-quality talent continues to grow, insurance organizations are faced with the difficult task of finding experienced data and analytics professionals amid a challenging recruiting climate. Already, the U.S. is expected to see a shortfall of more than 260,000 analytics professionals as early as next year.

Read More

Topics: Analytics, Labor Market

Preparing for the Future Amid the Insurance Talent Storm

Posted by The Jacobson Group on Sep 17, 2014 4:21:00 PM

The results are in!

The results from our third quarter iteration of the U.S. Insurance Labor Outlook Study are now available. Compared to the January 2014 survey, the rate of expected hiring experienced a slight decrease, down to 58%; however, this remains the second highest reading since we started the semi-annual survey back in 2009. In addition, unemployment continues to be low, with the BLS reporting the August 2014 rate for insurance at 2.4%. The industry is clearly enjoying an extended period of relative stability.

Read More

Topics: Technology, Labor Market, Managed Care, Property and Casualty, Life and Disability

Insurance 2.0: Attracting Tech Talent to the Insurance Industry

Posted by The Jacobson Group on Aug 29, 2014 12:21:00 PM

As more and more insurers find the value in leveraging data analytics throughout their organizations, the demand for high-quality, experienced data and analytics professionals is on the rise. Alas, the insurance industry is not the only one looking to expand its analytics presence. With a shallow pool of qualified analytics talent, insurance organizations are facing an increasingly challenging recruiting climate as they attempt to address their analytics and big data needs.

As mentioned in our recent analytics blog post, the demand for actuarial talent in 2014 was surpassed by analytics for the first time in the history of The Jacobson Group and Ward Group’s Semi-Annual U.S. Insurance Labor Outlook Study. In addition, analytics ranks in the top five most in-demand job functions, as well as in the top five areas where companies are planning to increase staff throughout the year.

Read More

Topics: Technology, Analytics

Insurance 2.0: Pioneering Analytics in the Industry

Posted by The Jacobson Group on Aug 15, 2014 3:58:00 AM


From analytics to big data, red-hot technology buzzwords are sweeping across the insurance industry and companies are beginning to realize the significant value of these trends. Progressive insurance organizations are embracing these groundbreaking applications of technology and changing the way the industry does business.

For many insurance organizations, the use of analytics has become a tool allowing them to differentiate themselves, stay ahead of the curve, build their brands, enhance profitability and gain a leg-up in today’s competitive market.

Read More

Topics: Technology, Analytics, Property and Casualty, Life and Disability

Subscribe to Email Updates