Marsh on Hiring — Not Very Optimistic

Marsh’s 2026 People Risk report says a growing shortage of labor, large holes in technology skills and the financial insecurity of employees is hitting the labor market hard.

The report noted these are the three top people risks facing U.S. businesses today. A staggering 40% of the HR and risk professionals contacted noted one of the biggest issues they face here, and around the world, is pushing AI into the business without enough training to master its nuances.

Mercer’s U.S. and Canadian president, Susan Potter said companies that are continually addressing people risks will always have a stronger position in the market.

“Our People Risk research underscores that organizational resilience also hinges on the extent companies invest in their people — by building skills, supporting health and financial well-being, and redesigning work to better incorporate AI and automation,” she said.

• 42% of organizations solving people risks have higher workforce productivity and are more efficient
• 35% say their employees are making faster progress on strategic initiatives like AI

Labor shortage is a huge concern for many businesses, insurance among them. In fact, insurance has been struggling with shortages for years. The US Bureau of Labor Statistics thinks insurance will jettison 400,000 workers by the end of 2026. A large number of retirements is the reason.

An analysis from Patra says about half of the personnel working in insurance will be gone in the next 15 years.

Source link: Insurance Business America — https://bit.ly/4fiYhD7