From: Captive International
Finding and recruiting talent is one thing, but retaining it in a world of changing workplace practices is something else, according to an online panel for FORTY Under 40.
In the wake of the great resignation and Covid-19, the captive insurance industry is facing multiple challenges around not just attracting, but also retaining, young talent while adapting to an evolving work environment.
A recent Captive International online panel of FORTY Under 40 judges highlighted the importance of mentorship, flexibility and fostering meaningful connections within the workplace.
Lesley Thompson, managing director, Cayman Islands, at WTW, noted that the pandemic-induced shift towards flexible work arrangements has brought both benefits and challenges. “I think there’s been some good things that came out of Covid because we moved away from the ‘it has to be nine to five, and it has to be in the office’, and I think that’s created a lot of flexibility,” she said. However, she acknowledged the difficulties in training new recruits remotely, stressing the importance of absorbing knowledge by osmosis in an office environment. “It’s that sort of absorbing knowledge by osmosis. You’re picking it up just because you’re listening to the environment around you,” she added.