'Insure' Your Success With Comprehensive Training Programs
Unemployment in the Unites States is at an all-time low and the economy is in a continuous growth mode. But the insurance industry is facing high turnover rates and increased competition for desirable workers — all while trying to keep up with changing state regulations and certification requirements.
With a mass exodus of retiring baby boomers to constant job hopping by Millennials, the industry is struggling to fill the gap. And, while attention is being focused on workers, compliance is falling to the wayside and mistakes are being made...costing insurance companies a lot of money.
Compliance training with ShareKnowledge makes juggling multiple scenarios easy – e.g., state regulations, varying product certifications and different quote and policy sign-off requirements etc.
Centralized and de-centralized learning makes it possible for each branch or unit to conduct their own compliance training without interfering with the umbrella LMS. This is especially helpful for complex compliance requirements.
And, highly automated processes that are integrated within the entire GRC ecosystem, drastically minimizes risk.
Lifelong learning is important to the up-and-coming generation and will be what drives their commitment to any employer. That’s why the insurance industry will need to ‘up their game’ in regards to the time and resources that they offer employees for their development.
If this doesn’t happen, the cycle of rotating workers continues.
ShareKnowedge can solve the need to educate learners with continuing education opportunities that are available to workers at any time, any location and/or any device.
The time to train a new employee from novice to complete competency is on average 18-24 months. But, with the unprecedented high turnover among early career professionals, this means that many new agents leave their first employers before they’ve even been fully trained.
Onboarding with ShareKnowledge saves your business time and money by facilitating the process quickly and efficiently.
Now is the time to ‘make lemonade out of lemons’ for the insurance industry. And, the right LMS can effectively solve its core training problems.
The right LMS will keep you compliant and increase employee commitment