“Education is the key to success.”
We’ve all heard the phrase and know how true it can be. You’ve taken the time to educate yourself on the insurance industry and have probably earned at least one of the many specialty designations there are to earn—perhaps the CPCU or another certification. Your career has advanced because of education. Are you helping your team do the same?
As generations retire and new ones take their place in the field, talent gaps in the insurance industry begin to widen. Many new hires are straight out of college with a bachelor’s or master’s degree but without the same level of knowledge of those retiring. It is crucial that you invest in the new generation of talent to narrow the talent gap and watch your business become successful.
A Culture of Education
We talk a lot about business culture as part of what makes a business successful; after all, if your employees are happy, they’ll be more efficient and more eager to help the team grow. Making education and additional training part of your company’s culture will make your employer brand that much stronger.
What is a culture of education and how can it benefit your business?
- Improve Motivation: Opportunities to earn new competences show employees you believe in their abilities and align them with the company mission therefore making them feel part of the team and increasing their work ethic.
- Encourage Innovation: Encouraging education and training also emboldens your employees to think critically and come up with innovative ideas to help push the company forward. The culture of education provides confidence to employees and makes your team stronger.
- Maximize Employee Potential. When you encourage employees to earn new designations, you invest in your team. These employees may want to move to upper management levels which means they can promote the same work ethic and values to any future teams.
How to Create a Culture of Education
You can begin to create a culture of education the moment someone new joins the team:
- Hire curious people. People who want to learn will learn and they’ll encourage others to do the same. Encourage people who want to ask questions to do so. They may find solutions to problems you never knew you had.
- Focus on skills, define behaviors. Allowing employees to refine old competencies and earn new ones will help them succeed at the technical aspects of their jobs. However, by focusing on new behaviors you want your employees to develop, you can greatly improve the success of your business’ culture.
- Communicate goals. To get everyone on board with your new goals and culture, you must first tell your employees what those goals are. Encourage management on all levels to keep employees updated on company progress and allow them to communicate their successes.
- Lead by example. To encourage your employees to learn, you should be learning too. As a manager, you should be showing them you’re actively finding ways to improve your skills and earn new designations or competencies. Share new knowledge with your team and send them ideas for trainings they can do with you. Let them know you value your continued education as well.
At The James Allen Companies, we specialize in finding you new talent who appreciate the chance to learn and grow. We identify candidates with a thirst for knowledge not satisfied by their current position. Filling one open position with one knowledge-hungry candidate can drastically change the culture of your business and help kickstart a culture of education in your office.