What's Happening?
Leah Scoggins, vice president of talent operations at Higginbotham, highlights the importance of company culture in attracting young talent to the insurance industry. According to Scoggins, early career applicants are increasingly interested in understanding
the company's involvement in the community, work culture, and work-life balance. Higginbotham, which has expanded from 280 employees in 2007 to 4,000 today, continues to hire approximately 60 people monthly across various roles. The company’s growth, both organic and through acquisitions, is appealing to young professionals who seek career advancement opportunities. Higginbotham also recruits about 100 interns annually for its summer program, offering pathways to apprenticeships and potential full-time positions.
Why It's Important?
The focus on company culture and growth opportunities is crucial in the competitive landscape of talent acquisition, especially in industries like insurance that are traditionally seen as less dynamic. By emphasizing community involvement and work-life balance, Higginbotham is aligning with the values of younger generations who prioritize these aspects in their career choices. This approach not only helps in attracting talent but also in retaining it, as employees are more likely to stay with a company that supports their personal and professional growth. The strategy also reflects broader trends in the job market where companies are increasingly required to offer more than just competitive salaries to attract top talent.
What's Next?
Higginbotham's continued focus on recruitment and retention strategies suggests that the company will maintain its growth trajectory. As more universities expand their risk management and insurance programs, the pool of qualified candidates is likely to increase, providing Higginbotham with more opportunities to attract skilled professionals. The company's internship and apprenticeship programs will play a critical role in this, offering young talent a gateway into the industry. Additionally, as the company grows, it may explore further acquisitions to expand its market presence, which could lead to more job opportunities and career paths for new recruits.
