Friday, February 27, 2009

Money in the bank

Just read a list of the 10 best companies to work for.

Looks like only three of them are insurance related (AFLAC, Principal Financial, and American Fidelity).

What stands out when you look at the reasons for these 100 companies being on the list, is as diverse as the list itself.

Most did not make it because they are the top industry payers.

Instead... they were on the list due to things like regular communications to the employees, paid days off to do volunteer work, and on-site child care center with inexpensive rates, wellness programs, on-site fitness programs, etc.

I’ll bet that the employee turnover of these best companies is very-very low.

That’s probably why none of them are my clients! J

Harvey Dorland

Wednesday, February 11, 2009

Money in the bank

Here’s a hodge-podge of things I’ve noticed recently.

Bad news is that insurance carrier profits in the P&C area fell nearly 80% last year.

· Curious... as they predominantly blame it on investments, but the DOW only went down 38%.

· On the plus side, they still made $14 Billion.

Bad news is that insurance companies unemployment was 3.5% in January.

· Good news, I guess, is that national unemployment is double that figure.

Bad news is that employee referrals are responsible for 40% of the hires for most companies.

· That only leaves a 60% universe, then, for the recruiting industry!