illustration of several business people lifting the end of a downward arrow (Photo: AdobeStock)

Many employers, including brokerage firms, are struggling to recruit and retain top talent. While not every firm is able to use a recruitment firm due to sometimes high costs, there are some best practices that agencies can follow. Many reports that we see and hear show turnover is at an all-time high in this employee-friendly market and we are seeing higher than ever employment solicitation from recruiters.

Some quick facts: • The Bureau of Labor Statistics (BLS) states that as of 1/2023, there were 10.5 million job openings. • In one recent month, there were 6.1 million hires and 5.9 million employment separations. • The finance and insurance industry accounts for 4.9% of job openings, 2.2% of hires, 2.8% of employment separations (seasonally adjusted).

Be sure to check out Susan Rider’s Administration session, “Think Big: Change is Happening At a Pace Never Experienced Before” at the BenefitsPRO Broker Expo on May 8 at 11:50 a.m.

After attending my session at the BenefitsPRO Broker Expo, participants will leave with an action plan that includes successful strategies for the ever-changing industry of insurance.

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