| Our firm deals only with the
business insurance - property & casualty / benefits consulting and related industries.
During these
election times, stories of unemployment problems abound in the
media... but, NOT IN OUR BACK YARD! Certainly not for stable,
top performers!
Changes... at an
even quicker pace
continue in 2008!
At this time we are seeing newer firms arise even faster from the fallout.
New brokers are being formed as others are being challenged.
Established "old line" firms are
having to re-invent themselves. The largest brokers are
in the process of re-branding themselves. Second tier brokers continue
to take advantage of those who are "fed up"
with their current employer's lack of direction or just
the feeling of being lost in the crowd. All
brokers are on the prowl, leaving many firms with the
choice of changing their ways or face the consequences
with the challenge of finding and retaining quality
talent themselves!
So... where
there is chaos, there is opportunity as
the marketplace
always seeks alternatives. Despite
presidential elections and an uncertain but promising economy, we will continue to see the best talent getting and accepting very attractive
offers!
It becomes particularly imperative the candidate is
prepared to meet high expectations. Unemployment is
relatively low,
even while some areas of industry are having challenges, the
insurance industry is challenged to find enough good people, even
with all the outsourcing they are now doing!
Some firms have even bit the
bullet to train new people. Some
will continue to acquire as their only means of growth. Information from the Internet will create
more power to buyers, thus the need for people to differentiate themselves from the
competition.
Unrealistic
goals for current employees at all levels is also forcing more people into
the interviewing arena.
Once upon a time there
was an
unlimited pool of talent to choose from -- in these times that is no longer the
case. It helps employers to have real reasons for the best and
brightest to take their positions.
Customers are now less loyal and demand a higher level of
service. Patterns of distribution... Banks and financial institutions
continue to acquire companies and brokers in many niche markets. The Internet is
reaching out through e-commerce to many client segments that were handled by
agents. Commissions are being cut along with some
services. Others feel companies will compete with their
brokers even more than they already do. How it will all turn out is
what makes it all so exciting.
Any way you look at it, continuing
change is a fact of life. More
and more, people from the CSR to the CEO, are concerned about their
future.
Many now feel they need an
"action plan" to protect their careers, not to mention
home and family! One could hardly blame those who will
discreetly investigate and weigh the alternatives.
Are you
prepared for all the opportunities that may be coming your way now
and into 2008?
e-mail - bmgco@insurancerecruiting.com
or
Resumes may be
faxed 24/7 to: (949) 660-5611
|