Insurance companies in Ohio face a shortage of career professionals, a gap that could harm the industry’s standing as an economic engine for the state.
A study conducted by Columbus State Community College’s Center for Workforce Development found that more than 17,000 new jobs in the insurance sector will need to be filled in the next five years as baby boomers begin to retire, leaving behind a critical shortage of skilled workers. The study also points to career openings at nearly every level of Ohio’s 256 insurance companies.
Ohio is the seventh largest insurance state in the nation with more than 100,000 employees and an annual statewide economic impact of nearly $6 billion. The average salary is $50,000.
The launch of Insuring Ohio Futures program and the InsuringOhioFutures.com website will begin the process of recruiting the next generation of insurance employees to the industry.
Insuring Ohio Futures will reach students, career-changers and military veterans to raise awareness of educational and career opportunities in the insurance industry.