The insurance industry faces a recruitment challenge with millennials and Gen Z choosing professions they believe to be more progressive, challenging, and fun. What can insurers do to entice new talent?
More than ever, insurers need to create a work-life balance friendly environment. Flexible work schedules and/or the ability to work remotely is important. Competitive salaries and a clear vision of career growth opportunities are critical during the recruitment process. I believe that insurers that are at the cutting edge of digital innovation will also have the upper hand. In more recent years, there has been a call for action related to diversity and a more inclusive workplace. In my opinion, the industry will need to continue to employ diverse management teams to ensure that millennials and Gen Z’s can envision themselves as an employee at the company.