This article posted by the Insurance Journal addresses the current talent crisis that many insurance companies and industry professionals are predicting or currently facing. Many industries had baby boomers who aged in place over the past couple of decades and are now retiring en masse. That had a lot to do with the COVID-19 pandemic but the industry’s talent crunch was already an issue even prior to 2020, according to Bob Hartwig, director of the University of South Carolina’s Darla Moore School of Business’ Center for Risk and Uncertainty Management. He goes on to state, “The competition for the talent that insurers and brokers and agents want is actually more intense than they realize,” Hartwig explained. “With much of the competition coming from not their competitors, but from other industries entirely. And so that means making yourself … familiar early and often to students. And you want to be in the right place at the right time, so that when they’re making that critical decision about their career, that you’re able to be there and make an attractive offer to them.” Click here to read the article.
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