Shares 2015 WC Benchmark Study Findings, Highlights Millennial
Talent Strategies
March 1, 2016 – Uncasville, CT – In early March, Rising CEO Jason Beans conducted a session on results from the 2015 Workers’ Compensation Benchmarking Study at the 13th Annual National Workers’ Compensation Insurance ExecuSummit.
Rising’s 2015 Study, which utilized focus group research, reported on the greatest opportunities and key strategies industry executives recommend claims organizations prioritize over the next two to three years.
Of the many recommendations put forth in the 2015 Study, addressing the industry’s talent crisis was highlighted as a top strategy given that it represents one of the biggest risks claims organizations face today.
Jason’s presentation therefore focused on how to recruit, retain, and maximize the talents and style of the Millennial generation – a generation that accounts for virtually all recent and new entrants into workers’ compensation claims, and who will become its leaders of tomorrow.
Key discussion topics were:
- Understanding Millennial workforce characteristics and demands
- Developing a Millennial-friendly workplace
- Resetting the industry’s talent development beliefs
- Building career paths to proficiency and mastery
- Assessing the financial impact of various core competencies in order to prioritize training
- Matching talent and technology
- Emphasizing the purpose-driven aspects of claims
- Identifying necessary cultural adjustments
- Recognizing the leadership potential of Millennials
Like prior Study Reports, the 2015 Report is available to all without cost or obligation as a contribution to the workers’ compensation community. It may be requested from Rising here.