It is my pleasure to introduce a guest blogger for this latest post. Evie Moschel is vice president and engagement director for our executive search team. Her insights into the executive talent shortage are worth a read. Enjoy...
It is my pleasure to introduce a guest blogger for this latest post. Dave Coons is senior vice president of our professional recruiting team. His insights into salary trends are worth a read. Enjoy...
The results from our latest Insurance Industry Labor Market Study are now available! Since its debut in 2009, this bi-annual study has become an accurate predictor of the industry’s staffing outlook. Read on for highlights from the most recent study or download the full results.
Increased Revenue Projections Accelerate
With 81 percent of insurers surveyed projecting growth, expectations to increase revenue are now 11 points higher than they were in January. This is the first time since July 2012 that expectations for revenue growth have increased between the January and July survey periods. Large and mid-sized companies reported the greatest optimism for revenue growth, at 84 percent and 85 percent, respectively.
Topics: Labor Market
Insurance organizations are facing a perfect storm within their finance and accounting departments. Increased accounting-rule changes and regulations are driving insurers to grow their current finance and accounting departments. In fact, the accounting sector boasts faster than average job growth. Currently, the U.S. Bureau of Labor Statistics projects an 11 percent growth by 2024—representing the addition of 142,400 new jobs. Unfortunately, this growing demand is being met with an increasingly shallow talent pool of experienced professionals.