The Indiana Insurance Industry: An Engine of Employment Growth

Martha H. McCormick, Ozer Erdem and Rebecca Shorter

No 2007-NFI-02, NFI Reports from Indiana State University, Scott College of Business, Networks Financial Institute

Abstract: The Indiana Economic Development Corporation (IEDC) asked Networks Financial Institute (NFI) to craft a project that would assist the IEDC in documenting and quantifying the Hoosier insurance workforce talent pool, so that the IEDC can speak more authoritatively to current and prospective insurance employers about the strengths of the Indiana insurance workforce and the short-term horizon of employment change. NFI surveyed insurance employers throughout the state. NFI looks at the functional areas in which companies currently employ people and at how many people companies plan to hire in a range of functional areas within the next year. Additionally, the survey examines how many and what category of new employees companies have hired in the last year. Comparing recent hires and job losses, the survey shows which functional areas should experience net gains and which ones are experiencing high turnover rates. The survey also documents how companies find new hires.

Pages: 17 pages
Date: 2007-03
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