PwC’s top issues annual report 2016 has urged the insurance industry to consider the ways in which they communicate with and recruit job applicants in the face of a talent shortage. An estimated 400,000 employees are expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, making the issue an emergent concern for industry veterans, especially in disciplines like underwriting. The authors of the PwC report wrote, “Most US employers are woefully unprepared for the business realities of an aging workforce and face a potentially massive loss of skilled, knowledgeable workers. Companies that effectively recruit, train and develop dedicated future staff and leaders will differentiate themselves and set themselves up for success into the future.”
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