According to Wellable, companies with a highly engaged workforce are 21% more profitable and 17% more productive than those with disengaged staff. Linking business development to the career path emphasizes an organization is a sales-driven entity because, in some capacity, we all sell. According to Wellable, companies with a highly engaged workforce are 21% more profitable and 17% more productive than those with disengaged staff. Linking business development to the career path emphasizes an organization is a sales-driven entity because, in some capacity, we all sell. Photo: wavebreakmedia/Shutterstock.com

In an era marked by rapid technological advancements, evolving customer needs and shortened tenure of employment, the insurance industry faces the challenge of attracting and retaining talented professionals. One effective strategy to address this issue is defining a clear career path. A well-structured career path provides employees with guidance, opportunities for growth and a sense of purpose, ultimately leading to higher employee retention, job satisfaction and pride of employment.

Recommended For You

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

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