Insurance Labor Study Highlights a Competitive Labor Market
February 21 2017 - 3:33PM
Business Wire
According to the latest iteration of the Semi-Annual U.S.
Insurance Labor Market Study conducted by The Jacobson Group and
Ward Group, a part of Aon Hewitt, a business unit of Aon plc (NYSE:
AON), 65 percent of companies polled intend to increase staff in
2017. In addition, the unemployment rate for insurance is
significantly lower than the national average.
“Expected increases in business volume and expansion into new
markets are driving continued hiring,” says Gregory P. Jacobson,
co-chief executive officer of Jacobson.
Some additional key findings include the following:
- If the industry follows through on its
plans, we will see a 1.56 percent increase in industry employment
during the next 12 months, creating new jobs.
- Eleven percent of organizations expect
to increase their use of temporary employees in 2017, the highest
anticipated increase in temporary staff usage since the January
2014 survey.
For more highlights, download the full insurance labor market
study results summary. For commentary, view the recorded
webcast.
The Insurance Labor Market 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 2017. For more
details, contact Vince Albers of Ward Group at
vincent.albers@wardinc.com.
About The Jacobson Group:
The Jacobson Group is the leading global provider of insurance
talent. For more than 45 years, we have been connecting insurance
organizations with professionals from the board room to the back
room on both a permanent and temporary basis. We offer a variety of
solutions including executive search, professional recruiting,
emerging talent, RPO, temporary staffing, subject matter experts,
and onsite and work-at-home operations support. Regardless of
the need or situation, Jacobson is the insurance talent
solution. Further information is available at
jacobsononline.com.
About Ward Group®:
Ward Group is the recognized leader of benchmarking and best
practices studies for insurance companies. The firm analyzes
staff levels, compensation, business practices and expenses for all
areas of company operations and helps insurers measure results,
optimize performance and improve profitability. For more
information about Ward Group, visit www.wardinc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170221006607/en/
The Jacobson GroupNicole M. St.Martin, Vice President and
Marketing Communications Director+1 (312)
884-0491nstmartin@jacobsononline.comorWard GroupVince Albers,
Manager+1 (513) 746-2422vincent.albers@wardinc.com
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