Uncovering the sentiments of young employees across the insurance sector is key to attracting and retaining them in the industry, says the Australian and New Zealand Institute of Insurance and Finance.
Reacting to continuing concerns about a skills shortage within the industry, ANZIIF said it will be conducting an international survey of insurance sector employees under the age of 35 to determine the best way to keep them in the industry.
“With so much talk around the gap left by retiring baby boomers and the ascent of Gen X into the top insurance jobs, it is vital that we understand the experiences of under-35s so that we can attract, retain and develop them,” ANZIIF chief executive Prue Willsford said.
“This survey is a key part of us gaining insight into this demographic and understanding how we can harness its talents and skills.
“With a clearer understanding of this group we will be best placed to establish ourselves as the employers and industry of choice, and this is an important factor in setting insurance up for future success,” she said.
According to ANZIIF, the survey is designed to capture the experiences, career aspirations, motivations and professional characteristics of these employees.
ANZIIF adds this will be the first time the perspectives of the insurance sector’s “younger cohort” will be collected on behalf of the industry.
Employees' intentions and reasons for staying in the industry, the challenges they currently face and what actions companies could take to retain staff will be covered within the survey.