Brokers must priortise staff engagement as the 'great resignation' continues to bite in 2023

exit

Brokers have stressed the need to keep staff engaged as resignations and recruitment struggles don't look to be going away any time soon. Sophie Locke-Cooper details how the post-pandemic period of reflection is still being felt today.

Job vacancies in the UK for the financial industry spiked from 16,000 in May 2020 to 54,000 in April 2022 the Office for National Statistics revealed.

Neil Campling, CEO of Verlingue, for one admits that his broker has experienced higher levels of staff turnover than it would have done before the Covid-19 pandemic.

You’ve got a lot of mid-tier people moving around the industry. It has reawakened the need to become more self-sufficient in terms of your own talent management. Neil Campling

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: