Where has all the knowledge gone?
Author: Cindy Winchell, President/CEO
© Cindy Winchell
Do you remember when you came out of school? Who amongst us ever thought we would end up in the insurance industry? Did we honestly graduate and say, "I want to be an insurance professional"? I think not!!! However, the industry has always been a stable, financially sound place to learn, grow and "climb the corporate ladder". Your career was pretty safe back then, right?
So, why do we find ourselves today, seeing our most experienced, seasoned and knowledgeable insurance professionals, in the unemployment line? Their experience and knowledge spans decades, putting them in the heart of new insurance coverage regulatory issues involving everything from construction deficit, oil spills, war and terrorism, stop-gap, latent injury, etc. Who will ever forget the 'infamous" McDonald hot coffee Products liability case?
So, although our current economic status is forcing the insurance companies to re-evaluate their financial "bottom lines", what will be the long term affects of the loss of their most seasoned and experienced employees? These are the very same employees who have contributed to their past success. So for those insurance companies or any employer currently looking to fill open positions, remember that "learned knowledge" is irreplaceable.