Jobs: Progressive in a Hiring Mode — Other Businesses Not so Much

end of 2025. At least that’s the plan. Company spokesman, Neil Lenane who is Progressive’s business leader of talent acquisition said rapid expansion is driving the need.

In 2024, Progressive added over 5 million new clients and net premiums rose 21% to $74.4 billion. Another 1.3 million policies have been added so far this year. So the company really needs more bodies. Those being hired will be giving options of working remotely and in-office with claims, customer care, IT people and others having more options than others.

"Progressive continues to prove that our culture is not defined or limited by our physical spaces. By having a flexible workplace approach it not only allows us to meet the needs of our current employees, but to also reach job seekers where they are," Lenane said. "Although in a reimagined workforce, we still seek to live our core values each day and that starts with our talented team of more than 66,000 employees seeing our commitment to their careers and feeling that support and encouragement through our extensive offerings.”

While Progressive is a good destination for job seekers, other large businesses aren’t feeling as positive about company growth.

A survey from Sentry finds the executives of 60% of the large companies it contacted saying they’ll stand pat. Many might even make job cuts. Jeff Cole is the assistant vice president of national accounts at Sentry. He said these are the issues driving the growth decisions:

• 45% are very concerned about supply chain issues
• 39% aren’t so sure about the economy these days
• 34% say inflation is keeping them from expanding
• 39% are worried about cyber attacks
• 35% are keeping their eyes on the weather

Here’s the biggest concern — NUCLEAR verdicts:

• 84% see multi-million dollar verdicts as a real threat

Cole said the Sentry survey also found 82% of large business executives under a lot more stress this year than last. That stress is driving changes:

• 55% say they asking workers to work more hours and take fewer breaks
• 100% of the executives are delaying upgrades because of high costs
• 99% are shifting workplace resources toward safety
• 51% are going for higher deductibles to lower insurance costs
• 82% of firms with drivers have installed dashcams to make sure they’re driving safely

“[Large companies are] seeking flexibility because they see the need to adapt their operations to a heightened — and in many cases, uncertain —risk environment,” Cole pointed out. “The silver lining is that it’s driving more conversations about what adequate protection really looks like moving forward.”

Source link: Insurance Business America — https://bit.ly/432b7xP

Source link: PropertyCasualty360.com — https://bit.ly/434VENI

Source link: PropertyCasualty360.com — https://bit.ly/4jCY6lz