Friday, May 25, 2012

Actuarial Profession at 0% Unemployment?

One my staff popped into my office the other day anxious to share some sort of news. Big smile on his face. Now seeing Scott beaming with excitement is not unusual. However what he had to share was quite different than the typical tidbit about one of his three young children. He proudly exclaimed, “Hey Scot you should do more actuarial recruiting.” Intrigued, I asked why. He said that he just read an article that his wife forwarded to him stating that the actuarial profession has 0% unemployment. My immediate reaction was to chuckle. So I asked him to forward the article to me. He did and after reading it, I chuckled again.

Zero unemployment? So I’m wondering where the writer gathered their data from? What source? While I do not recruit exclusively within actuarial and in fact it is a much smaller part of my business than in years past, I do know many actuaries both seasoned in experience, more junior, recent grads and even those preparing to graduate. And I know many quality actuarial candidates that do not have jobs. Recent grads still looking for their first job. Those preparing to graduate with no job lined up. I know many good quality college graduates that have been looking for their first actuarial job for a year, two years, three years or more. I know some that have given up on following their dream.

The actuarial profession is relatively speaking a profession within the insurance industry that is less effected by economic downturns. And certainly a very admirable profession, but 0% unemployment is not a reality of what is actually happening in the job market. Read the article and let me know your thoughts.

Article:
4 Degree With 0% Unemployment

Tuesday, May 15, 2012

Things You Do Wrong on LinkedIn

I’m not certain of the original intent of LinkedIn. I do recall vividly how I was first introduced to this professional networking site. A Product Manager I know sent me an email and told me I should check it out. I was on vacation at the time with my kids at Worlds of Fun in Kansas City. We were staying in one of the Worlds of Fun cabins. As usual I had my laptop and checked it out. This goes back several years and at the time there were not that many insurance professionals on LinkedIn. It was interesting enough that I created a profile and sent some invites out to a few professionals I knew that were also on LinkedIn. As I spoke to others it seemed as though the majority were on LinkedIn to stay in touch with other professionals with similar interests and to share ideas.

Oh how LinkedIn has changed. Obviously LinkedIn has had something to do with that. However the fact remains it is a great tool for sharing ideas with other professionals. However like it or not it has become a powerful tool for career networking. And yes, there are right ways and wrong ways to utilize this tool. And do remember it is just another tool in your networking tool box. Because I’m all about giving credit where credit is due verse simply reinventing the wheel, I’d like to point to what I found to be a very good piece in Forbes.com regarding the proper use of LinkedIn. Any questions or thoughts, please share.

8 Things You Do Wrong on LinkedIn by Molly Can, Forbes.com