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October 2022

The US insurance industry is facing a talent crisis. Research suggests that:  The industry is hiring at record levels, but the most significant challenge companies currently face is securingnew talent, according to the 2018 Insurance Industry Employment and Hiring Outlook Survey. Employee retention among millennials is a problem for the sector. They are estimated to remain in their jobs for just 12-18 months on average. A new approach to...

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Introduction  It's no surprise that banks, institutions, and money managers struggle to find and retain talent. In its 2018 report, Korn Ferry predicted a worldwide talent crunch by 2030, with the effects of a labor shortage being felt as early as 2020. The report mentioned that the financial services sector would be among the most brutal hit, and it could result in $435 billion in unrealized economic output for...

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Addressing Healthcare Staffing Shortages with RPA Healthcare staffing shortages for clinical and non-clinical positions are creating significant challenges for the healthcare industry, and the COVID pandemic has exacerbated the issues in numerous ways. The pandemic put healthcare systems and workers under enormous pressure. However, with the spotlight cast upon it over the last few years, it is now racing to embrace new technologies that will help accelerate...

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