Blog : Employers

As we discussed last week, soft skills are crucial when finding the best candidate for your insurance business. Ninety-two percent of talent professionals believe soft skills are just as important if not more than the technical skills needed for the job. At The James Allen Companies, we believe both are essential, but soft skills can mean the difference between a good hire and a bad one. In fact, one study found 89 percent of bad hires lack the necessary soft skills needed to succeed in their place of work.

Considering how essential soft skills are to choosing the right candidate, it might surprise you that only 41 percent of businesses have a formal process to evaluate those skills. It’s time to start a soft skills evaluation process that can result in more successful hires.

Determine what skills are needed: Decide and list the skills needed for the position you’re hiring for and the company culture. Do you have a collaborative culture or do people work on their own? Does this position require persuasion to sell a product? Identifying what skills are needed for the job will help you come up with the process of evaluation.

Engage with your candidate. Interviewing a candidate is a great way to get to know a person on a professional level, but if a candidate is going to be working with you, you need to know them personally too. Don’t just interview with them, interact with them. Set up a meeting in an informal setting. This is a much better way to pick up on those key social skills you need at your company.

Standardize your interviews. The questions you ask one candidate should be the same ones you ask every other candidate. When selecting questions to ask candidates, choose behavioral questions that ask the candidate to draw on their past experiences and situational questions to gauge how they might react in situations they may encounter on the job.

Challenge them. This is similar to situational questions except you’re actually watching them in action. Give them a task such as planning a campaign or selling a product. Watch them perform the task and let them walk you through their process. This is a great opportunity for you to observe their soft skills in action.

Consider tech-based analysis methods. There are a lot of online services that can help you systematically evaluate a candidate’s soft-skills. These are great for eliminating bias in the process but can add time to the candidate’s application process which can be a turnoff to some candidates.

Evaluating soft skills is a difficult task, but is incredibly important for the hiring process. If a candidate lacks the skills your business needs, they can have a negative impact on your business. Recruiters at The James Allen Companies identify candidates that have the necessary communication, persuasion and other soft skills your company needs. We find candidates that are already successful and can transfer their skills to your business for continued success. Give us a call today to see how we can help your company identify the candidates with the skills you need to help your business prosper.

It’s no secret the insurance industry is facing a talent shortage. An estimated 60 percent of the workforce is expected to retire in the next ten years and only about five percent of the incoming generation is interested in the insurance industry. These factors combined with an increase in technology-based positions result in a shortage of dedicated quality applicants for open positions at your company.

Due to these facts it is challenging to locate and secure the best candidates for open positions at your company in a timely manner. To find those candidates many internal recruiters or HR professionals choose to utilize the most common form of talent acquisition: online job boards. However, online job boards lead to more problems than solutions.

The problems with online job boards

Job boards are the go-to resource for active candidates searching to make a career change. These sites are flooded with millions of job seekers each day. When you post a job, it gets pushed to thousands of job seekers in a matter of seconds.Because of the high volume of traffic on these sites, you may receive resumes of active candidates for your open position.

While the idea of a plethora of candidate options may sound appealing, most of that traffic will be a waste of your time. Job boards tend to push postings to job seekers based on keywords in the job description without really understanding the actual requirements of the role. Because of this, you run the risk of receiving applicants who think they fit the frame of the advertised position (i.e. a job classified as management or sales) but have no relevant experience in the insurance industry. Job boards are ineffective when it comes to delineating truly qualified talent.

Based on keywords alone, you may receive applicants, but take into consideration the job seekers following the classic “apply for jobs you aren’t qualified for because you never know what will happen” advice. Now you have more unqualified/underqualified applicants on your hands eating up valuable resources.

Do you have the time to comb through all of these resumes looking for the one or two candidates who might be a great fit?

Even with high traffic, another limitation of online job boards is the type of candidates that apply. Job boards are swimming with countless active candidates searching for employment, but most of the time, those candidates aren’t the ones you need. The ideal candidate for your position is most likely a passive candidate, one who is happy, gainfully employed and successful in their current position, but if they are approached the right way may be persuaded to take a look at your career opportunity.  

We are the solution

So now what? You know a job board isn’t going to help you find the correct person to fill open positions at your company, but what will?

We will.

At The James Allen Companies, we don’t post advertisements in hopes that the right applicant will knock on your door. Instead, our recruiters are out searching for the appropriate candidate and knocking on their door. We know how to find those passive candidates who would be an excellent fit for your company given the right opportunity.

Wetake the time to interview and evaluate candidates, getting to know the person behind the resume. By doing so, we can analyze whether or not the candidate has the correct skills, personality and previous success to meet your company’s needs. We focus on delivering only qualified candidates to your door.

Nothing costs a business more than an open position. Instead of wasting your payroll combing through endless stacks of resumes, we use our nearly four decades of experience to find you better candidates faster, saving you money. While using online resources to find candidates that fit your business is tempting to many, partnering with The James Allen Companies is your best chance for finding quality applicants. We are the experts at locating, obtaining and delivering candidates that best fit your needs. To learn more about us or speak with one of our experienced recruiters, give us a call at (573) 334-3688 or visit our website jamesallenco.com.

When referring to the candidate market, the term market is often used in relation to candidates as a commodity, but the more traditional definition of the word as it pertains to a store is also applicable. To run with this analogy, we have to think about candidates as products, but we also have to be careful to not lose track that unlike typical products on a store shelf, candidates aren’t simply there for the taking. They are in greater control of their destiny than a bag of chips or a case of water. Unfortunately, too many prospective employers misunderstand the candidate market and cost themselves exceptional professionals in a market where the shelves are not so easily replenished.

 

Candidates Have a Shelf Life

Candidates aren’t canned goods. They aren’t going to sit on the shelf forever. In the words of a fellow recruiter, when it comes to explaining “the lifespan of a person’s psychological excitement when approached with an exciting career opportunity,” candidates are like bananas. After about a week on the shelf, bananas have passed the threshold for most people’s taste preference. When searching for talented professionals to meet your staffing needs, it’s important to understand that the best are not products filling the shelves. The best candidates aren’t really candidates at all. They are passive talent. Fresh and handpicked. Like the freshest produce at your local market, these professionals are only going to remain ripe for your opportunity for a limited time.

 

Supplies Are Limited

It takes extensive experience and a concerted effort to locate the best passive talent to match the unique needs of an organization and specific opportunity. Our experience has proven that the best are rarely already on the shelf, and they are even less likely to remain available after they’ve been given the chance to consider new opportunities. As we’ve already established, passive candidates have short shelf lives. It’s equally important to understand that there isn’t a deep back stock of candidates with the right combination of qualifications and culture like those we present to our clients. If you allow a candidate’s interest to expire, don’t be surprised to not find another as talented or as qualified.

 

Beware Other Shoppers

When professionals are recruited for specific opportunities, it’s important to keep them focused on the client for whom they have been sourced. But this is where the market analogy begins to break down, because as much as we can make these comparisons, candidates aren’t products, they’re people, and when people are made aware of one opportunity, it isn’t long until they grow curious about other opportunities. The goal is to encourage smooth and seamless processes that keep candidates excited about the specific opportunity, but there is only so much that can be done to maintain their interest. In the end it is not the candidate, but your opportunity that becomes the banana, and the longer they wait the more sour it becomes to them.

 

Ultimately, the market works both ways. Candidates have expiration dates, but so do opportunities. When a passive candidate moves past their expiration date, they either move back into the comfort zone of their current position or they move on to a newer opportunity. When an opportunity reaches its expiration date, it loses out on the best talent and either settles on less-qualified candidates or remains vacant, both of which can be a strain on the resources of an organization. Passive candidates have an exceptionally short life cycle and positions that are open too long quickly become less appealing to more discerning talent. At The James Allen Companies, we rely on years of experience and extensive sourcing to locate and present our clients with the most relevant passive talent. Our efforts uncover professionals that have the skills and background needed to not only fit the needs of the opportunity but also the culture of the organization. Often, the vital difference as to whether or not our clients are successful depends on how aggressively they move on the talent we present.

In 2017, we sounded the alarm bell regarding the impending talent shortage that is to be a result of the massive retirement of Baby Boomers. By October of that year, according to data collected by Pew Research and the Social Security Administration, Boomers were entering retirement at a rate of 10,000 individuals a day. That is an astounding number, and it is not even close to slowing. In our Eleventh Hour series, we outlined the dire future for the face of insurance talent. In the opening article of that four-part report, we touched upon one statistic that estimated around 25% of industry professionals would be retired by 2018 and that by 2020 the industry could likely face nearly half a million vacancies. If the storm is upon us, we most likely have not even reached its eye. Now is the time to begin assessing the loss that is probably already occurring and is going to continue, as well as how your organization can not only weather the storm but find a way to succeed in spite of it.

 

Loss You Can’t Control

Burying one’s head in the metaphorical sand may be a good way to drown out the maelstrom of today’s talent climate, but it makes it impossible to make an honest assessment of the loss that is already occurred and develop strategies to counter that loss and defend against future vacancies. The first step is to accept the things we cannot change. Baby Boomers are retiring, and they’ve earned that retirement, so disregard any notion of trying to retain them because that’s only a bandage on a gaping wound. Whether it is today, tomorrow or two years from now, the most substantial sector of industry talent is packing their bags, and they’re not coming back. Now is the time to display to your upcoming talent how your organization honors and respects the years of service they’ve given your company. You may not be able to keep them, but you can make a lasting impression on younger generations in the way you help them exit.

 

Loss You Can Mitigate

If you’ve been proactive enough to keep your head out of the sand, then you are already headed in the right direction. If you are giving the appropriate attention to the exodus of Boomers, then you are doing even better, but be wary that while your back is turned, other companies are taking this opportunity to siphon away your next generation of leaders. There’s a reason why, when speaking about today’s talent climate, experts use words like “crisis” and “dilemma.” This is a storm that has not only ripped a hole in the front of the vessel, but it has also cut an opening in the back of the ship, causing you to incur losses from the bow and stern. While a portion of the loss is inevitable, there are measures that can be taken to improve retention of the valuable talent that is waiting in the wings. It’s important to note that when your competitors come for your upcoming talent, they aren’t going after your more disgruntled staff who are submitting to job boards and filling out online applications. Your competitors are using all means at their disposal to target your best and brightest employees. These professionals are ones you cannot afford to lose, and the ones most in your power to keep. As previously mentioned, the way you express your appreciation of your retiring professionals can send a strong message to your younger talent about the intrinsic value of your company. Efforts to promote retention can also have the added effect of attracting the new talent your organization will absolutely need to move forward.

 

The Best Defense is a Good Offense

Regardless of how incredible your retention efforts are, there is not enough talent on your bench to compensate for the inevitable losses that are occurring and will continue to occur over the next several years. Even the deepest benches will be exhausted either through promotion or losses to hungry competitors willing to do whatever it takes to replenish their own talent needs. Storms deplete resources, and this storm is no different. As we already mentioned, strong retention efforts can simultaneously increase the intrinsic value of your organization, attracting new professionals with the promise to help your company weather the storm. An added benefit of being proactive and acquiring high-quality professionals sooner rather than later is that it improves the overall atmosphere of your work environment, increasing your odds of retaining the talent you already have. Addressing your talent concerns early allows you to not only survive the storm, but it gives you the advantage to thrive during it. This means greater success now and in the future for your organization, and there is perhaps no better retention tool and talent magnet than success.

 

The James Allen Companies has been long studying the impending Baby Boomer exodus. Our research and extensive experience has allowed us to help a number of clients address the talent shortage that is already affecting the insurance industry as a whole. We are interested in doing more than filling vacancies. Our efforts allow us to deliver exceptional passive candidates, candidates who, like your best, are not actively seeking new opportunities because they are too busy producing results. We work with clients with the intention of promoting their success now and in the future. If you are ready to prep your business for the talent storm by hiring the most sought after professionals in the industry, contact The James Allen Companies today.

The end of 2017 is fast approaching, and as the year closes, we feel it is time to close the book on one particular topic that has dominated the hiring conversation for the past few years:  Millennials. We don’t expect this article to be the final word on the place of Millennials in the workplace, but it will be the final word for us. The time to debate just how terrible or great Millennials are is over. They are fast approaching the majority as the workforce. According to a study conducted by IBM, by 2020 Millennials will comprise 50 percent of the U.S. workforce. By 2030 they will represent 75 percent of the workforce. The time for pontificating over every outlandish claim that Millennials want to work solely from the comfort of their studio apartments or commute to their jobs in eco-friendly, refurbished Ferris wheels that are fueled by compost and hopes is over. Millennials are not the future of the workforce; they are the present, and it’s going to be okay.

 

In reference to the aforementioned IBM study, the insight and statistics provided are a sound representation of the myths versus the realities of the Millennial workforce, but it is also important to the context of this article to remind you that the study was conducted in the summer of 2014. At this time the age group for Millennials as prescribed by the study was 21-34. This means that by next summer, Millennials will be represented by individuals in the 25-38 age range. By the summer of 2020, when Millennials will be hitting 50 percent of the workforce, some of them will also be hitting 40 years old.

 

The goal with this, our last word on Millennials, is to confront a few of the enduring myths and, through the context of the IBM study, dispel them. While the study was a broad endeavor spanning 6 industries, the stereotypes and concerns addressed mirror those we have fielded within the insurance industry.

 

Millennials want different things from a career than older generations

Despite the insistence that Millennials are out to completely undermine or revolutionize the very concept of work, the research suggests otherwise. In fact, in regards to career goals, Millennials and Baby Boomers are almost identical in what they feel is important. Among the top goals for these two groups is to work for leading organizations and make a positive impact within that organization. If any generation is an outlier in terms of career goals, it is Generation X, who, at the time of the study, was comprised of individuals falling within the 35-49 age range.

 

Everyone should get a trophy

This has become the motto of cynics everywhere in regards to Millennials. Unfortunately for them, it doesn’t bode well in the face of the data. Millennials appear to be more concerned with working for leaders who value transparency and dependability rather than leaders who heap praise on their subordinates. While Millennials are more likely to value recognition than Generation X or Baby Boomers, the importance of this has been greatly exaggerated. Accolades are far less important to Millennials than fair treatment.

 

Millennials are eager to jump ship

Like every other generation in the workforce, Millennials strive for upward mobility within their career. They want to be able to grow and develop into roles that offer greater challenges as well as greater rewards. Are Millennials susceptible to making an organizational shift for their benefit? Yes, but no more than any other generation. In fact, individuals belonging to Generation X are more likely to change jobs for reasons of finance or passion than Millennials. The itinerant nature of Millennials seems to be more a product of the economic times rather than an internal desire to change jobs.

 

If Millennials are the future of the workforce, then the future was yesterday. But really, the most important thing to concentrate on when interviewing Millennials, or Gen-Xers, or Baby Boomers (and yes, you should be considering applicants from all these generations) is that they aren’t just a Millennial or a Gen-Xer or a Baby boomer. They are an individual, and if you interview well and listen closely, you might just learn what it is they are looking for, not as a member of some generational group, but as a person.

“Adapt or die.”

That’s the response Billy Beane offers his head scout when the latter challenges
Beane’s (at the time) unorthodox method of recruiting the best baseball talent in the film
Moneyball, the 2011 sports drama that chronicles the true story of the Oakland A’s 2002
baseball season and how they found success by ignoring the traditional methods of
recruiting talent and relying instead on a data-driven approach. The movie, based on a
2003 nonfiction book of the same name, took the story to a broader audience and
inspired people of various industries to reconsider the way they approached the search
for talent. Unfortunately, six years later we still find ourselves engaging with clients who
haven’t shed themselves of poor hiring practices, and, at the peril of their company, fail
to heed Beane’s advice to either “adapt or die.”

In the film, there is a scene that shows a group of scouts discussing and discounting
players on such ridiculous attributes as how the player walks into the room or the
attractiveness of their girlfriend (“Ugly girlfriend means no confidence,” says a straight-
faced scout to the protest of no one in the room). While in the context of the film, this is
a comedic moment, it also highlights the failures of a multibillion-dollar industry that is
over 150 years old. It also calls into question the validity of how we measure talent. Are
we truly respecting and considering the professional performance of the candidates, or
are we allowing ourselves to pass over the right candidate because of the firmness of
their handshake, the tone of their voice or, dare I say, the attractiveness of their
significant other?

We have written in-depth about the impending shortage of talent that is already
beginning to show its effects on the insurance industry (if you missed it, check out the
first of our four-part series covering the talent shortage, The Crises at Hand). Now more
than ever, it is time to take an objective and serious look at the way we evaluate and
assess prospective talent. At the risk of seeming too heavy handed, there is a fair
amount of research that shows following the often-overvalued “gut decisions” as
opposed to relying on an unbiased approach of data is more often a path to failure than
success. However, with the right approach and the right recruiting partner, there is room
for opportunity for companies to secure top talent.

Like Billy Beane and the Oakland A’s discovered in 2002, there is a wealth of talent out
there that is being overlooked because they don’t fit the classic perception of what we
think of when we envision the perfect candidate. Whether it’s their age or their haircut,
but there is a growing pool of hyper-talented candidates who are going to prove to be
the all-stars organizations need to succeed now and in the future. At The James Allen
Companies, we are always cognizant of your company’s culture, and we have the
experience and success to prove we understand how important it is to an organization’s
potential; however, we also have the industry expertise to locate the highest level of
untapped potential in the insurance industry that can help a company transform and
grow.

As we look to close our four-part series on talent-shortage crisis, we begin to look forward to better understand what the insurance industry can do to combat the impending deficiency of qualified leaders and personnel. To recap the major points of our Eleventh Hour series:  baby boomers are retiring en masse, leaving a large hole in leadership; millennials are opting for other career opportunities, creating an incoming talent pool that is too shallow to meet demand; while technology looks to compensate for this shortage, it introduces its own dilemma in that it exposes the insurance industry’s lack of technical talent; and generation X, which should be stepping in to fill the immediate need for leadership being opened by exiting boomers, is far too thin in terms of population to adequately meet this need. What these crises make clear is that there is an immediate need for talented professionals educated in the nuances of the industry.

The Higher Education Pipeline

One of the most optimistic areas in regards to the future of insurance talent is American higher education institutions. More American colleges continue to expand their risk management and insurance (RMI) programs. Currently, only 51 colleges offer a version of the RMI program. Graduates of these programs enjoy a high rate of employment, with the top schools boasting virtually 100% employment rates. While this is highly encouraging, the current graduation rate looks to only meet 10-15% of the insurance talent needs.

Learning on the Job

While institutions of higher learning grow their RMI programs, there is still an enormous dearth of talent in terms of meeting the rising demand. This is where a certain amount of burden falls to the insurance industry to promote educational opportunities from within. In the past we’ve referred to Tony Cañas and Carly Burnham’s book Insuring Tomorrow:  Engaging Millennials in the Insurance Industry. In this book Tony recalls the insurance companies of yore that offered incredible training opportunities for incoming employees. The insurance industry needs to more adequately prepare its current and incoming talent in order to effectively transition new leadership.

Meeting the Future

There is a clear gap in the acknowledgment of the industry’s growing shortage. As boomers continue to collect their gold watch and ride off into the sunset (or toward the Sunshine State), the demand for highly qualified and experienced leaders grows. But that demand is not reciprocated with a flourishing market. There comes a point when the industry must realize that the tree of leadership has long been picked, and it is time to grow a new generation of leaders. Companies must become creative and visionary, not looking for proven leaders, but instead looking for proven talent with leadership qualities.

The most difficult bridge to gap may be that of understanding. Recognizing there is a real and immediate dilemma is half the battle. The other half is responding. What we are already finding is that the most forward-thinking companies are already searching for tomorrow’s leaders in insurance. The talent pool of experienced leaders is not only shrinking, it’s all but dry, and many companies are engaging staffing experts, like The James Allen Company, with industry knowledge and experience. They leverage their experience to procure and place exceptional talent. We seek to truly understand our client companies and find future leaders that not only have the potential to provide long term success but also prove to be an immediate cultural fit. The best way to stay in front of the crisis is to partner with dedicated professionals with the experience to weather the storm.

We have discussed how the three primary generations that comprise the pool of insurance industry talent (baby boomers, generation x and millennials) each present a unique problem in terms of the workforce. In part two we continued to explore how betting on technology to compensate for dwindling manpower could be nothing more than wishful thinking. Now, as we enter part three of our four-part series, we focus at another growing epidemic that is proving to be just as confounding as the generational and technological dilemmas. While the shortage of incoming talent is a clear problem facing the industry, the looming experience gap threatens to weaken the core of the insurance hierarchy. In this article we lay out the reasons behind this gap and how it resonates at all levels of the industry.

The “Donut Hole Gap”

As has been previously covered, the talent crisis in the industry is most directly being spurred by the mass retirement of the baby boomers who monopolize not only the executive and management sectors of the industry, but nearly all levels of talent in the insurance ecosystem. What their exodus does is expose the absence of insurance professionals between the ages of 35 and 45. This phenomenon, commonly referred to as the “donut hole gap,” represents the already slim field of Gen Xers that are expected to inherit the executive mantle. As more boomers leave, the next generation of leadership proves to be too shallow to allow for an adequate transition.

A Numbers Game

A lot of emphasis has been placed on the impact millennials are having and will continue to have on the industry, and rightfully so. The population of millennials is estimated at around 83 million, followed by baby boomers who boast a population of approximately 77 million. But the story lies in the space between those generations. Generation X has an estimated population of 65 million, which is roughly twice the difference between it and the boomer population in comparison to the difference between boomers and millennials. This population differential exposes that from the gate Generation X is not prepared to make a spot-for-spot replacement of boomers leaving the industry.

A Closer Look

The population gap is only the surface of the problem in relation to the experience gap created by Generation X. When Gen Xers were entering the insurance workforce, boomers were in full force. This pushed many Gen Xers to exit the insurance industry as they saw themselves in a career with few advancement opportunities. The effect of this Gen X departure is evident today in the insurance workforce population of those in the 35-50 age range. With a workforce population already considerably smaller than its preceding generation, a lack of advancement opportunities only further depleted the talent pool that should have served as a bridge between incoming millennials and departing boomers.

The first three parts of this series have focused on the problems of the insurance workforce as it relates to specific generational dilemmas. In the fourth and final installment of our Eleventh Hour series, we will focus on the future, discussing how the insurance industry can prepare itself for a crisis that is already at the door. What we can already say is that for companies and hiring managers looking for the next executive or mid-level manager, it is time to be open and creative to how talent is sourced for these positions.

In the first episode of this four part series we discussed the growing talent crisis that continues to threaten the traditional structure of the insurance industry. Specifically, we focused on the three generations that occupy the insurance talent pool and how each poses their own unique threat to the ability to meet staffing demands. The baby boomers, the most significant portion of the industry are nearing retirement, which stands to leave a vast gap in talent. Generation X (or Generation Next in terms of picking up the mantle of boomers) represents the midlevel professionals who would be expected to inherit the executive mantle from the boomers, but their population is much too small to even come close to satisfy the looming executive needs. Finally, the much-maligned Millennials have the numbers to rescue the industry from its staffing woes, but cultural clashes and a lack of interest has soured the relationship between them and the insurance world.

These concerns are considerable and only growing more so as boomers continue their mass exodus toward a much-deserved retirement. The rallying cry of optimists has become “technology,” and for good reason. According to these pro-technologists, the advancement of automation, artificial intelligence and other digital interventions within the insurance industry promises to satisfy much of the vacancies created by the loss of current professionals. This is not an unwarranted claim. According to some, technology could dissolve the need for as much as 25% of full-time insurance professionals in some markets. This combined with continued mergers and acquisitions promises consolidation and an overall reduction in staffing needs. Unfortunately, what the optimists have either missed or ignore is the dilemma technology introduces to the staffing needs of the insurance industry. We offer three separate obstacles that require attention in regards to viewing technology as a viable solution to the industry’s talent shortage.

The Numbers Don’t Add Up

From a very distant view, the elimination and consolidation of insurance positions seems to fit quite nicely with the dwindling pool of viable candidates. However, technology, while advancing at an incredible rate, is still not growing at a rate that matches the speed at which positions are being left vacant. That 25% reduction mentioned in the previous paragraph? That is over a ten-year period. That reduction becomes less encouraging when compared to the prediction of the U.S. Bureau of Labor Statistics that 50% of the current insurance workforce will be retired by 2030. That still leaves an enormous gap to be filled by a less-than-enthused base of Millennials.

Learning to Fish

The oft-quoted adage concerning giving someone a fish versus teaching them to fish is fairly applicable to the short-term solution technology offers. As we understand, technology is only gradually growing to the point of absorbing a number of positions. And as would be expected, the jobs that technology is best at are the most basic, entry-level positions. This does not solve the staffing shortage problem but only moves it a little down the road. By eliminating the entry-level workforce, we deplete the talent pool for mid-level positions in the future. The loss of these jobs to technology is clearly inevitable, but the industry will once again need to address how it will attract tomorrow’s talent.

Starting in the Red

The third obstacle presented by technology is the technology itself. The mass introduction of such industry-redefining tech will require a proportionally mass influx of qualified professionals equipped to manage and maintain these systems. This puts the insurance industry, a market already straggling to attract millennials, even further behind as it is positioned against more culture-savvy industries in vying for the best tech-oriented millennial talent.

Not only does technology not solve the most pressing staffing woes facing the industry, but it presents a new set of problems. Forward-thinking companies are partnering with recruiting professionals like The James Allen Companies to solidify their ranks with highly qualified candidates that can manage the technological transition, helping them overcome the staffing shortage. In part three of our series we will address the experience gap that threatens to deteriorate the bridge from incoming talent and rising management and executive needs.