When The War For Talent Meets The Great Resignation

Canada’s property and casualty insurance industry was already facing the oft-mentioned ‘war for talent,’ and now it has to contend with a newer talent crunch: The ‘Great Resignation.’

The widespread trend of a large number of workers leaving their jobs during the COVID-19 pandemic has made the search for P&C talent that much more difficult.

A new blog from Harvard Business Review said one HR strategy employers should embrace is to make themselves ‘so attractive that employees won’t want to leave.’

There are six measures to help accomplish this feat: (1) add monetary incentives for staying, (2) provide better career opportunities, (3) elevate the company’s purpose, (4) prioritize culture and connection, (5) take better care of employees and their families, and (6) embrace flexibility.