It’s not just the P&C industry that’s struggling to find recruits.
Failure to attract and retain talent now ranks as the fourth biggest business risk — its highest ever ranking — in Aon’s Global Risk Management Survey, which gathered responses from almost 3,000 risk managers, C-suite leaders and executives globally.
In first and second place are cyber risk and business interruption. Third is an economic slowdown or slow recovery.
It’s clear these pains are being felt equally in the P&C industry as in other business sectors. Yet the survey’s top four issues eclipsed pressing P&C industry concerns like climate change and AI integration by wide margins.
Talent woes
Failure to attract and retain talent jumped nine spots higher on Aon’s global survey compared to the year previous. The P&C industry’s no stranger to this; its leaders have long lamented the struggle to find and keep recruits.
Globally, 32% of respondents said they’d suffered a loss from attracting or retaining talent in the 12 months prior to the survey. That’s despite 74% of respondents stating their organizations were prepared for this risk.
Pay inflation and employee experience,…
