The Great Resignation — Insurance has Dodged the Bullet

As Weekly Industry News has reported in the last few months, a record number of Americans are bagging their jobs and moving to greener pastures. We’re not sure what greener pastures are, but people are definitely quitting at an alarming rate. All that quitting has caused enormous problems with some industries.

Insurance is not one of them.

Capital Relocation Services did some research into the Great Resignation. Information the company gleaned from the Bureau of Labor Statistics found that employees in manufacturing, health care and insurance have the highest median years of tenure for private sector jobs. For insurance that tenure averages 5.5 years.

However, in the last decade, that number has dropped by 0.5 years.

The researchers at CapRelo think those three industries keep employees longer because of job satisfaction. Better benefits and a better work/life balance is part of that. The company also found that positions that require higher education and more advanced degrees then to keep people longer.

The company also found that occupations held by younger generations tend to see jobs changed more frequently.

Source link: Business Insurance —

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