Selby Jennings’ Post

Check out this PropertyCasualty360 article on attracting future P&C professionals featuring thoughts from Selby Jennings' Head of Insurance & Actuarial Services, Taylor Carrasco. We are always happy to share our thoughts and insights from across the insurance industry to strategize and help companies reach their goals for the future. Feel free to reach out to myself or Taylor Carrasco to connect further!

While many industries and business leaders are finding it harder and harder to bring in high-level talent, this is especially true in the insurance industry. This article touches on not only some of the unique challenges faced by agencies nationwide, but also highlights a few key pointers on countering those challenges in order to hire true A-players. Be sure to take a look!

The hiring process can feel arduous when it’s difficult for agencies to find top talent. You'll need to improve your hiring process and put together an effective reruitment strategy for producers inside and outside of industry. A plan will help you to avoid common pitfalls and mistakes, because hope is not a strategy. Check out this blog recapping a recent webinar for some specific hiring challenges that the insurance industry is facing, along with some myths and missteps to avoid, as well as tips on creating an effective strategy. ⬇️ https://bit.ly/44r6bCj

Myth Busting: P&C Hiring Edition 🔍 Myth: "P&C insurance is flooded with top talent, making hiring a breeze." Reality: Demand outstrips supply! 👉 50% of the insurance workforce is set to retire by 2028, creating a massive talent gap. (Source: McKinsey) 👉 Underwriters, claims specialists, and tech-savvy pros are particularly hard to find. 👉 Industry-specific knowledge is crucial, but often overlooked during the hiring rush. The Truth: Finding the RIGHT P&C candidate takes more than just posting a job ad. It takes industry insight, targeted networks, and an understanding of the unique challenges of our field. Your Turn: What are YOUR biggest P&C hiring hurdles? Share below, let's start a conversation!

Recruiting top talent in the insurance industry can be challenging. In fact, many candidates are often juggling multiple offers. This means that insurance companies may need to approach their job search a little differently. "Given the current intensity of the war for talent, companies must constantly be recruiting, especially for more specialized positions," says Wes Gray. It's about preparing ahead and knowing who and what you need before you actually need it. It's also important to stand out among other employers. That's why it's crucial to prioritize creating great employee experiences! Raising salaries, providing more flexibility, and embracing empathetic leadership can make a big difference for potential new hires. #EmployeeExperiences #InsuranceIndustry #TalentAcquisition

Finding candidates with the right skills and qualifications is crucial, but equally important is finding individuals who align with the company’s culture and values.

Every industry has its challenges. But with every industry challenge, there’s a secret contained within and they can be game-changing. Check out this video where Emily Rushton walks us through a challenging industry: insurance. The challenge she sees there? Talent droughts. This is where you have a highly skilled, educated, and experienced workforce who are on the brink of retiring in the next 5-10 years. But there’s not enough talent to take over. At big companies, you have people who can rise, take on the responsibility, and eventually take over. At smaller companies though, you don’t have a developing talent pool that can take over for you. You have to find the right people who know your business model, understand your clients, and deliver exceptional results. That combination is rare to find. Are there other industries you can think of that are having this issue? #staffing #financingsolutions

𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐰𝐡𝐞𝐧 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐰𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐫𝐞𝐭𝐢𝐫𝐞𝐬 𝐬𝐢𝐦𝐮𝐥𝐭𝐚𝐧𝐞𝐨𝐮𝐬𝐥𝐲❓That is a question the insurance sector has had to sort out in real-time. With millions of Baby Boomers retiring during the height of the pandemic, and the remainder leaving by 2030, insurance companies face a serious war for top workers. That's why it's important for insurers to overcome this challenge and attract the next generation of insurance talent. In my most recent article, I analyze the changing industry landscape, how it will impact hiring, and what your business can do to persuade top candidates to work for you. https://lnkd.in/gJRpV2kc

𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐰𝐡𝐞𝐧 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐰𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐫𝐞𝐭𝐢𝐫𝐞𝐬 𝐬𝐢𝐦𝐮𝐥𝐭𝐚𝐧𝐞𝐨𝐮𝐬𝐥𝐲❓That is a question the insurance sector has had to sort out in real-time. With millions of Baby Boomers retiring during the height of the pandemic, and the remainder leaving by 2030, insurance companies face a serious war for top workers. That's why it's important for insurers to overcome this challenge and attract the next generation of insurance talent. In my most recent article, I analyze the changing industry landscape, how it will impact hiring, and what your business can do to persuade top candidates to work for you. https://lnkd.in/gJRpV2kc

𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐰𝐡𝐞𝐧 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐰𝐨����𝐤𝐟𝐨𝐫𝐜𝐞 𝐫𝐞𝐭𝐢𝐫𝐞𝐬 𝐬𝐢𝐦𝐮𝐥𝐭𝐚𝐧𝐞𝐨𝐮𝐬𝐥𝐲❓That is a question the insurance sector has had to sort out in real-time. With millions of Baby Boomers retiring during the height of the pandemic, and the remainder leaving by 2030, insurance companies face a serious war for top workers. That's why it's important for insurers to overcome this challenge and attract the next generation of insurance talent. In my most recent article, I analyze the changing industry landscape, how it will impact hiring, and what your business can do to persuade top candidates to work for you. https://lnkd.in/gJRpV2kc