Hays Insurance - January 2010
Hotspots
As the insurance market improves, there has been a significant increase in demand for Retail and Group Life Claims Assessors, Insurance Account Executives and Account Managers. We expect this trend to continue this quarter.
Candidates at the assessing and team leader level are in high demand and as teams grow, more experienced candidates will be sought.
Insurance Brokers are increasingly seeking Brokers at a variety of levels to increase and manage portfolios. Brokers with Financial Lines experience are in particular demand.
The coming quarter
We expect the first quarter of 2010 to be the busiest quarter this market has experienced for the past 12 months. This will be the result of candidates confident in their ability to enter the job market for their next career move, as well as employers starting to expand once more.
Executive trends
The executive recruiting market remains very active with internal successions and promotions taking place.
Employer trends
Employers have begun to quicken the pace of their recruiting process to ensure they do not miss out on quality candidates. Despite such prompt action, employers do maintain high candidate expectations. They expect new staff to be able to add value at a faster and more significant rate than before the GFC.
To meet candidate demand, employers are becoming increasingly aware of the need to promote their organisation to the market. When recruiting for candidates in high demand, we encourage employers to provide a defined career path to help attract the required skills.
Candidate trends
As the market gained confidence, candidates began to leave stable roles and enter the job market in search of a role that would provide career progression. This candidate movement is increasing overall vacancy activity, and is occurring at all levels.
Given the shortage of quality insurance candidates with niche experience, such as life or financial lines, this quarter is a fantastic time to seek career advancement.
