Question of the Day – August 7, 2009 – Can Businesses Really Do More With Less?

At the end of 2007 a large Midwestern US insurance company instituted mandatory 55 hour workweeks for their underwriters.

A year later, that same company a laid off a bunch of  people.  Some of these employees were the same people from whom management mandated OT from just one year prior.

The hamsters are dying.  I don’t think they can do more with less.  Time for a new business model.

My answer to the question is NO.

Businesses Learn To Make Do With Fewer Workers : NPR

Since December 2007, the labor market has seen a net decline of 6.5 million jobs.

MOO Needs Help – Telecommuting May Be An Option

Job Description – Underwriter / Sr. Underwriter / Underwriting Consultant – Life (016307)

Telecommuting may be available based on candidate need.

This is the 1st life UW job posting I’ve seen in weeks. BTW, it is not a new opening but a re-posting.  When I inquired about the position last year, telecommuting was not an option.  Now telecommuting may be an option.

The glacier is moving.

Creepy Statistic of the Day – July 13, 2009

I got the following from an email sent by Workforce Recruiting:

NORTH AMERICAN RETAINED SEARCH REVENUE GROWTH VS. YEAR EARLIER

(Percentage change)

Q1
’08
Q2
’08
Q3
’08
Q4
’08
Q1
’09
Korn/Ferry Intl. 9.6% 9.1% -2.2% -29.5% -42.8%
Heidrick & Struggles Intl. -7.3 -1.4 -0.2 -14.7 -40.0
Total 1.9 4.1 -1.3 -23.1 -41.7

Note: Korn/Ferry’s revenue has been adjusted to a regular year ended December 31 from the company’s fiscal year ended April 30. North American fee revenue for Korn/Ferry includes revenue from FutureStep.

Source: Company reports, Staffing Industry Analysts Inc.

New Link for Remote Underwriting Jobs

I’ve added a link on the sidebar under Jobs for this recruiter website.  The posting does not indicate if these positions are remote or not remote.

Great Insurance Recruiters – Insurance Jobs from Insurance Recruiters. Claims Jobs, Underwriting Jobs, Sales Jobs, Loss Control Jobs and more Jobs from Recruiters.

10 UNDERWRITERS NEEDED ASAP FULL TIME FOR LIFE INSURANCE COMPANY IN WESTCHESTER, NY

Recession?  What recession?

Indian Recruiters (live in India)

Here is an interesting post from Fistful of Talent.  This article will shed even more insight into the world of Indian recruiters.  By the way, I emailed the sender of the email I got two days ago.  No response yet.

Fistful of Talent: All My Recruiters…. Live in India…..

So, here’s what I found out in the lunch with the recruiting firm in question, which I consider to be a pretty sharp bunch. They’ve long used outsourcing as a means to “source” candidates, but they’ve now moved to the next level. In addition to sourcing candidates using resources in India, they’ve also handed off the next level of activity to outsourced recruiters in India. That means outsourced recruiters who understand the technologies in play are making the initial calls to prospects, qualifying them, and locking them down for the next step, which might be a phone screen or in-person with the actual recruiting firm, or if the specs are nailed, a phone screen or in-person with the client company in question.

Here’s the kicker – low cost, robust technologies like Bullhorn, which allow recruiting shops to manage the lifecycle of the recruiting process for a single candidate from anywhere on the globe, have enabled the manager in question to outsource this function. All he needs is the right talent overseas, and he pays 20-30% of what he would pay a full life cycle recruiter located in Birmingham to do the same job.

Remote Underwriting Positions Available

Examination Management Services, Inc.

Addendum July 24, 09

If you are searching for work and have found this post, please pay particular attention to the date of the post.  The owner of this blog has not contacted nor has any current information regarding any possible openings.  Please contact the company directly and best of luck in  your search.

Addendum March 2011

Looking for Underwriting Consultants with Health/DI and Reinsurance disciplines. Remote positions-flexible schedules. Call or email Traci Davis VP Underwriting Operations.

Remote Insurance Work

This was recently posted in the Global Insurance Professionals group discussion page on LinkedIn:

Looking for a Team Manager who will be responsible for managing a number of general insurance processes in claims, pensions, etc in Mumbai.

Team handling experience and exposure to a general insurance is a must.

Remember, “remote” is a relative term.