Barely half of new producer hires last 12 months in their new jobs … and other bad news
October 21, 2014 by PropertyCasuality360
Independent agents/brokers posted a 56 percent success rate in producer hiring in the past five years, although the hiring performance of the top and bottom firms varied widely, found a new study from Reagan Consulting.
Another key result of the Reagan Consulting Producer Recruiting & Development (PR&D) research was that only 35 percent of producers were hired from outside the insurance industry (including from college), Reagan Consulting reported.
“‘Troubling’ is the best word to describe the industry’s producer hiring data over the past five years,” commented Kevin Stipe, president of Reagan Consulting, which provides strategic consulting, valuation, and merger-and-acquisition services to the independent insurance distribution system. Click here to read…