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Insurance Labor Study Highlights Competitive Labor MarketAccording to the latest iteration of the Semi-Annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Aon, 61 percent of companies polled intend to increase staff in 2019. In addition, the Bureau of Labor Statistics reports the unemployment rate for the insurance industry is 1.7 percent, which continues the trend of virtually non-existent unemployment. This remains significantly lower than the national average-reported at 3.9 percent. "Anticipated increase in business volume and expansion into new markets are driving continued hiring," says Gregory P. Jacobson, co-chief executive officer of Jacobson. "This organizational growth, coupled with a shallow talent pool and virtually non-existent industry unemployent, results in an increasingly competitive labor market." The study found job vacancies are still moderately difficult to fill. However, recruiting is slightly less difficult in some disciplines than it was one year ago. Some additional key findings include the following:
For more highlights, download the full insurance labor outlook study results summary. For commentary, view the recorded webcast. The insurance labor outlook study has been conducted semi-annually since July 2009. Collecting revenue and hiring projections from organizations across all sectors of the industry, the survey provides a valuable look at the labor market outlook and hiring trends. The study's next iteration will occur in July 2019. For details on how to participate or to request more information about the survey, please follow this link or contact Vince Albers of Aon at +1 (513) 746-2422 or [email protected].
View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005719/en/ |