Educational opportunities provide professionals with a common understanding of their roles, imparting the knowledge and skills necessary to succeed. (Credit: Mia B/peopleimages.com/Adobe Stock)
Effectively managing the challenges of hiring, retention and employee training throughout the surety industry has become a high priority.
The recent "State of the Surety Industry" survey, conducted by the National Association of Surety Bond Producers (NASBP), highlighted the industry's desire to strike a balance between business staffing needs and employee development. Nearly 80% of those surveyed said recruiting, training and retaining a new generation of underwriters will be the primary challenge and opportunity for surety companies in the years to come.
Meeting diverse professional needs and attracting new talent
For professionals entering the surety industry from other sectors, educational training is indispensable. Surety is unique with regulations and specialized practices, making tailored education opportunities essential for a smooth transition. Specialized training ensures that newcomers can swiftly adapt to the industry's specific demands, minimizing the learning curve and quickly enhancing their contributions.
As surety organizations seek to attract younger generations of professionals, comprehensive training programs offer a dual advantage. They not only equip professionals with the skills and understanding required for success but also nurture their confidence and competence. This targeted training will help cultivate the next generation of underwriters, ensuring they feel empowered with the tools and knowledge to succeed within our industry.
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