According to an analysis by the St. John's University School of Risk Management, every seven seconds a Baby Boomer turns 60. That means a lot of people will be retiring from the agency ranks in the next five to 10 years.

How will agencies fill that talent void? An increasing number are implementing internship programs as a way of identifying and recruiting top performers before they choose other careers.

One example is McGriff, Seibels & Williams, a national brokerage firm based in Birmingham, Ala., which has maintained for more than 20 years a formal internship program—whose primary goal is to recruit quality employees.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.