The financial services industry is facing a talent shortfall and skills gap, due to the retirement of a large percentage of workers, as well as gaps in the education and training models the sector has traditionally used. Apprenticeship is increasingly becoming the answer for finance and insurance companies' question: Where can we find the talent we need? Apprenticeship provides not only a path for new talent to enter the industry, but it provides an avenue for employers to up-skill current employees, to keep pace with this fast-moving industry.
"Attracting and developing talent to best serve our customers is a top priority for The Hartford. This apprenticeship program will help us recruit and retain skilled claims professionals outside of the traditional college track, and students will gain education, training and a full-time position at a company where they can grow their career. It's a win-win all around."
John Kinney, Chief Claims Officer, The Hartford
High-Demand Apprenticeship Occupations:
Zurich, a Switzerland-based insurance carrier with over 140 years serving businesses worldwide, including 100 years in the United States, began the first Certified Insurance Apprenticeship in the country. Modeled closely after its successful apprenticeship program in Switzerland, the Zurich North America apprenticeship program is not only addressing its own challenges in finding workers with the right skills and professional experience, but is also demonstrating the value of apprenticeship within the industry as a whole. Teaming with Harper College in Illinois, Zurich has committed to working with Harper College to train at least 100 apprentices by 2020. By the time these apprentices have completed the program, they will have earned an Associate in Applied Science degree in Business Administration, and developed key professional skills that will serve them well in their future career.
These resources provide the information and building blocks you need to start designing your apprenticeship program.