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The latest news, trends and information to help you with your recruiting efforts.

Posted October 24, 2016 by

Four reasons why insurance is a great industry for recent college grads

InsuranceGuest writer Walt Capell, President/Owner of Workers Compensation Shop

1. The workforce in the insurance industry is aging.
According to the Insurance Journal, “The average age of an insurance industry professional is 54, and 60 percent of insurance industry professionals are older than 45.” For this reason, there are going to be a considerable amount of people in the industry who will retire over the next 15 years. For the millennial generation this opens up opportunities for them to gain experience, have access to mentors with years of wisdom and position themselves for very lucrative positions in the not so distant future.

 

2. It’s not just a guy’s club anymore.
In the past, the insurance industry has been heavily male dominated. Change has come slowly but surely. When you make a living depending upon successful risk analysis you tend to stick to what has been proven to work in the past and you tend to be wary of any new ways of doing things. For people who have worked in insurance for a long time, it is their nature to stick with what works and avoid risk or changes. Fortunately, more businesses in the industry have recognized the need to be more inclusive of women and the guy’s club is more a thing of the past. In 2015, according to the Bureau of Labor Statistics Occupational Outlook Handbook, women made up 47% of the overall workforce, but they were 59% of the workforce in the insurance industry.

There are still far too few women in leadership roles, however. According to 2011 Bureau of Labor Statistics Data women make up only 6% of top executive positions, 12.5% of seats of the board of directors and only 8% work inside business, legal or actuarial officer roles. A few examples of these roles include chief actuary and division president.
3. People will always have to purchase insurance in some form or fashion.
Insurance is kind of like death and taxes. Everyone has to purchase some form of insurance whether they like it or not. This is true if you want to drive a car or own a home. With the passage of the Affordable Care Act people now must purchase health coverage or face a fine. Depending upon the state in which you live, nearly all businesses are required to purchase general liability and workers compensation insurance. Because of these requirements to purchase coverage, the insurance industry will continue to provide recent graduates with relatively stable growth for the foreseeable future.

4. Millennials are becoming a target market.
Millennials are now approaching the age where they are purchasing insurance on their own and are beginning to start their own businesses. This makes them a target market for insurance companies to market to. Before long they will be a larger part of the population than the baby boomers who were the largest generation in history. This is good for millennial women because these insurance companies will market to millennials on their terms. Twenty years ago most insurance transactions took place in person or maybe over the phone with someone you knew closely. Millennials, however, are comfortable searching for and purchasing an insurance policy over their mobile device without ever interacting with a person. Because the way a customer purchases insurance has changed so dramatically over the past decade, the industry needs people to help them reach these customers through technology. Older generations, who now make up a majority of the workforce in the insurance industry, are generally less technologically savvy. Young job seekers with a variety of backgrounds—from IT and Graphic Design to even Digital Marketing—should consider the insurance industry as a career path.

walt-capellWalt Capell is the President/Owner of Workers Compensation Shop. Walt started Workers Compensation Shop in 2005. Workers Compensation Shop is a rapidly growing national insurance agency with a strong reputation for forward-thinking, out-of-the-box products and solutions for business owners. Walt would like to use his experience in insurance and as a small business owner to benefit the small business community.

Posted June 18, 2016 by

5 insurance facts for recent grads

Photo by StockUnlimited.com

Photo by StockUnlimited.com

When an individual is starting their career, it’s important to realize that life will throw many unexpected events on their way. This is something that happens to everyone. Having the right insurance can make getting past a difficult situation a lot easier. Financial experts agree there are a variety of insurance options available. There are also some types of insurance that are considered essential for dealing with unexpected things that can occur at any age.

1.    Individual Situation

It can be a challenge for a person starting a career to know what insurance they should purchase. Purchasing the right kinds of insurance should be determined by a person’s individual situation. A number of factors will determine this. It will involve employment benefits, age, lifestyle, and more. There are four different types of insurance experts recommend everyone have. They are health insurance, life insurance, long-term, and short-term disability insurance as well as homeowners/renters insurance.

2.    Health Insurance

In many cases, people starting a career could be just one serious illness away from disaster. According to a study done by Harvard University, 62 percent of all bankruptcies in the United States were a result of health related issues. Over 75 percent had some form of medical insurance. If a person has health insurance through their employer, they may want to consider the best plan offered. The key to getting the best possible health insurance is for a person to do research and know all of their options. Sometimes the least expensive health insurance is not always the best deal. Even with rising high co-payments and deductibles, health insurance is still something people must have. A minimal health insurance policy is still better than not having any type coverage.

3.    Life Insurance

According to an article in US News, people don’t often think of purchasing life insurance until after they’re married and have children. The reality is a younger person will be able to purchase a life insurance policy at a very low rate. This policy will grow in value over time. These types of life insurance policies can be adjusted as a person gets married and has children. This is the time when a person’s death could cause a financial burden to those who depend on them. If a person is unmarried and does not have children, it is also important they purchase life insurance. There is a good chance they will leave behind debts such as student loans, credit card bills, auto loans that must be paid. Without life insurance, these debts will become the responsibility of family members.

4.    Disability Insurance

This is the type of insurance people starting a career believe they may not need. Nobody who becomes injured or disabled on the job believed it would happen to them. According to statistics from the Social Security Administration (SSA) approximately 30 percent of individuals entering the workforce eventually become disabled. These are disabilities that make it impossible for a person to work until their retirement age. Workers with the best health insurance, generous savings, and good life insurance are not completely prepared to become disabled. Health insurance will cover medical bills and hospitalization. It’s common for employers to provide their employees with both short-term and long-term disability insurance coverage. If a person is an independent contractor or owns their own business, they can get this type of coverage from a private insurer.

5.    Homeowners/Renters Insurance


When a person is starting their career, they may need to rent a place to live. There are some leases that require a person to have renters insurance. This type of insurance will cover a person coming into a rental unit and getting injured. It can also cover a person’s things that might be stolen. Should a renter make a mistake and cause damage to the rental unit, this type of insurance may cover the damage. Should a person own a home and have a mortgage, the lender will probably require them to purchase and maintain homeowners insurance. In many cases, failure to pay a premium may be reported to the lender. Homeowners insurance is designed to cover the destruction of a structure, its contents. It can also protect a homeowner if someone is injured on their property and much more.

Michael Rogers, guest writer

Michael Rogers, Operations Director of US Insurance Agents

Do you need help making other major life decisions as a recent grad? Keep reading our blog for more tips and follow us on LinkedIn, Facebook, Twitter, and YouTube.

 Michael Rogers is the Operations Director of USInsuranceAgents.com. With over five years of experience and knowledge in the insurance industry, Michael contributes his level of expertise as a leader and an agent to educate and secure coverage for thousands of clients.

 

Posted April 06, 2016 by

Social media enhances recruiting efforts

Recruitment, human resources, hiring, employment concept courtesy of Shutterstock.com

Rawpixel.com/Shutterstock.com

Social media can enhance the recruiting efforts of hiring managers. Because college students and recent graduates love social media, recruiters should use it to highlight their companies in a positive light. That doesn’t just mean the work itself but also the company culture. One company using social media this way in college recruiting is Lockton.

More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a “Best Place to Work in Insurance.”

Kelly Dippold, Senior Recruiting Specialist at Lockton, discusses how her company uses social media in college recruiting to reflect its company culture.

“At Lockton, we recently launched two social media programs to help recruit college students.

First, we created the hashtag #LocktonLife and began using it on Twitter, Facebook, Instagram, and in all of our college recruiting materials. Our goal is to show college students what it’s really like working at Lockton and that insurance is more than writing policies and processing claims. Photos and posts with #LocktonLife show associates giving back to the community, having fun inside and outside of work (think ping pong and Mardi Gras), and engaging in wellness activities like Lockton 5k events.

Then, we invited associates from across the country to join us as brand ambassadors. Using their own personal social media networks, these brand ambassadors shared even more photos and posts using #LocktonLife and encouraged others in their offices to do the same. We now have about 30 brand ambassadors in cities like Washington, D.C., Denver, Houston, and Los Angeles posting pictures of charity events, happy hours, team-building activities, and more.

On Friday March 4th, we hosted Lockton University Day at our headquarters in Kansas City. Students met, mingled, and learned from young Lockton Associates and leaders, and were encouraged to post on social media using #LocktonLife and tagging us (@Lockton, @LocktonBenefits, and @Lockton_Retire) for the chance to win fun prizes. We hope our social media campaign added some excitement to the event and helped spread the word that Lockton is a rewarding, fast-paced, and fun place to work.”

If you’re looking for more information on using social media for college recruiting, visit our blog and follow us on LinkedIn, YouTube, Twitter, and Facebook.

Photo of Kelly Dippold

Kelly Dippold, Senior Recruiting Specialist at Lockton

Kelly Dippold has more than 10 years of experience in recruiting and human relations in both the telecommunications and insurance industries. She joined Lockton in 2010, where she leads teams of college recruiters and has excelled in the company’s entrepreneurial, competitive, and empowering culture. Kelly earned a bachelor’s degree from the University of Kansas. Her professional designations and affiliations include Professional in Human Resources (PHR), SHRM Certified Professional (SHRM-CP) and Member, National SHRM.

Posted June 08, 2015 by

College Students: How to Take Care of Your Personal Items When You Are Out of School for the Summer

A group of young people on moving day

A group of young people on moving day. Photo courtesy of Shutterstock.

Setting off for summer break is an exciting time for internships, summer fun and a break from the rigors of school. When it’s time to clear out of your dorm or campus housing, you may need to take all of your belongings with you. Since this can be difficult if you’re traveling across the country, the best option for most students is to get a small storage unit for their goods. The added advantage to a storage unit is that you can keep the unit during the year to store more valuable items. However, not all storage units are created equal, and you’re going to want to select one that can handle your needs. (more…)

Posted February 19, 2015 by

6 Steps to Beginning a Private Practice

Reception at a private clinic

Reception at a private clinic. Photo courtesy of Shutterstock.

Completing years and years of school almost doesn’t seem worth it when you consider the fact that when you graduate you’ll be working for someone else. But that doesn’t have to be the case if you have the courage to stand on your own.

Although there are plenty of risks involved in starting your own private practice, the rewards can be tremendous. Whether you’re an ambitious recent graduate, or you’ve been in the medical field for decades, opening your own practice and becoming your own boss is a fulfilling experience.

If you’re ready to make the leap of faith, here are six steps to help you get started. (more…)

Posted February 18, 2015 by

Future Opportunities For College Graduates

Group of people graduating from college from different cultures

Group of people graduating from college from different cultures. Photo courtesy of Shutterstock.

Graduate schools offer academic degrees to their students who study in these academic institutes and get passing grades in all of the subjects that are presented to them in the course outline. These degrees are awarded in order to specify whether the students have qualified to proceed to the next standard in their educational level or not. After qualifying successfully through the college studies, most of the students look a number of opportunities that can be pursued in future. Some of these opportunities are categorized as follows:

  • Higher studies including masters degrees and honors in different subjects (a number of scholarship programs are offered for higher studies as well)
  • Job opportunities for fresh college graduates
  • Internship programs offered by a number of organizations

(more…)

Posted January 26, 2015 by

Developmental and Leadership Education Affecting Healthcare Quality

Healthcare

Healthcare. Photo courtesy of Shutterstock.

Development and leadership education affecting healthcare quality has been highlighted as the long term solution to the healthcare problems that affect the healthcare industry both at the state level as well as the national level.

It is paramount to bring psychology into the healthcare industry. Psychology is vital in the evolving healthcare system. Psychologists are in a pole position as providers of healthcare to people with mental illnesses and other disorders such as chronic physical conditions and substance use disorders. For psychologists to provide effective services, they should be incorporated into organizational development and healthcare leadership by including them on commissions, advisory panels, coalitions and other assorted committees. They should be given appointments where their views on proper health care management can be heard at the state level. (more…)

Posted December 15, 2014 by

Why Buying A Car Is Like Finding A Job: What Millennials Need To Know

Beautiful young woman buying a car at dealership

Beautiful young woman buying a car at dealership. Photo courtesy of Shutterstock.

Studies have shown that millennials are completely changing the way that cars are purchased. Often overwhelmed with student loans and other debt, today’s younger car shoppers are looking for a different type of vehicle than other generations did at their age. With that being said, millennials are projected to account for as much as 40 percent of car purchases by 2020. Therefore, it is important for this generation to take the car buying process seriously. In many ways, it should be taken as seriously as looking for a job. In this vein, here are a few tips to consider when purchasing a new vehicle. (more…)

Posted September 19, 2014 by

Hiring for Internships Drops 3.4%

National Association of Colleges and Employers logoCompetition for internships may become that much tougher, as some employers are reducing their hires for these positions.  Learn more in the following post.

While employers plan to hire 1.3% more bachelor’s-degree level interns in 2014 than they did a year ago, overall intern hiring will fall 3.4% in 2014 from last year, according to results of a new survey by the National Association of Colleges and Employers (NACE). (more…)

Posted August 11, 2014 by

5 Red Flags Concerning Your Resume and Interview that Will Not Impress Recruiters

Any mistakes in your job search can hinder employment opportunities.  Learn five red flags that won’t impress recruiters concerning your resume and interview in the following post.

Every year, hiring managers and HR professionals read thousands of resumes. They know what to look for in a good way. And they sure know how to find the red flags that indicate a less-than-desirable candidate. Should they miss a red flag, now worries; they have an entire job interview to uncover what you are trying

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