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The Jacobson Journal: An Insurance Talent Blog

Follow, Like and Share Your Way to Next-Gen Talent

Posted by Diana Shay Milazzo on Nov 13, 2018 9:58:00 AM

Written by Diana Shay Milazzo, Assistant Vice President, and Julie Arnold, Sourcer


Picture this: young job seekers spent their mornings flipping through local newspapers, combing its pages for new listings and eagerly scanning the copy for responsibilities and requirements to which they were a match. When intrigued, they would package their resumes neatly with a cover letter and drop it in the mail and then patiently wait to be called for an interview. Furthermore, it was not uncommon to be in the dark about an employer until the day of the interview. Employers, on the other hand, were limited to paying for help wanted ads to attract candidates; and until resumes started rolling in, they were limited to internal candidates and referral lists.

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Topics: Labor Market, Millennials, Retention, Recruitment, Insurance Recruitment and Selection

Where Have All The Executives Gone?

Posted by Richard Jacobson on Aug 28, 2018 1:25:23 PM

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 no secret that the insurance industry is suffering a severe talent gap created by the aging workforce. In fact, it is projected that the industry will need to fill nearly 400,000 positions in the next couple of years, but there are simply not enough employees and candidates to take these roles.

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Topics: Labor Market, Retention, Recruitment, Insurance Recruitment and Selection

Salary Strategies to Combat the Job-Hopping Craze

Posted by Richard Jacobson on Aug 14, 2018 8:18:37 AM

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...

Today’s insurance industry is a passive candidate-driven market. As increasing retirement rates and the widening skills gap force organizations to continuously hire, workers feel empowered to switch jobs for a raise in pay. In fact, 2.7 percent of people in the private sector voluntarily left their jobs this May, the highest level since 2001, according to the Bureau of Labor Statistics. Employees know job-hopping is effective, too. The bureau reported last month that real wages have remained unchanged for all employees since June last year, even though the overall unemployment rate has significantly decreased. 

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Topics: Labor Market, Retention, Recruitment, Insurance Recruitment and Selection

Strong Industry Outlook Highlights the Need for Talent Solutions

Posted by Richard Jacobson on Sep 5, 2017 10:09:00 AM

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.

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Topics: Labor Market

Insurance Talent Shortage Hits Finance and Accounting

Posted by Richard Jacobson on Aug 16, 2017 7:49:54 AM

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.

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