April 19, 2017 – Chicago-headquartered executive search firm The Jacobson Group has expanded with the addition of Oyauma Garrison as senior vice president. Mr. Garrison will head Jacobson’s temporary staffing practice, which provides insurance professionals on a temporary and temp-to-hire basis to help organizations manage workload fluctuations. He will also assist in Jacobson’s strategic development as a member of its executive management team.
“Oyauma’s deep insurance expertise and proven leadership experience uniquely qualify him to support the staffing needs of our insurance industry partners,” said Richard Jacobson, co-chief executive officer. “He is ideally positioned to champion our temporary staffing arm and help guide our firm’s continued growth.”
An industry veteran with more than 20 years of experience, Mr. Garrison has held positions with Allstate, Nationwide and State Farm. Throughout his insurance tenure, he has maintained a multi-functional focus with roles in sales, underwriting, pricing, claims, marketing and operations. Mr. Garrison holds the Chartered Property Casualty Underwriter and Associate in Claims designations, as well as Ohio property and casualty, life and health, and Series Six licenses. He spent 11 years as CEO of MMC Holdings and previously was a VP at Allstate.
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“I am excited for this opportunity to continue serving the industry in which I have built my career,” said Mr. Garrison. “Jacobson’s position as a strong and active partner to the insurance industry will allow me to leverage my background while growing the firm’s position as a leading provider of talent.”
The Jacobson Group provides executive search services exclusively to the insurance sector. For 45 years, the firm has been connecting insurance organizations with professionals from the board room to the back room on both a permanent and temporary basis.
Insurance Sector Surging
According to the latest U.S. insurance labor market study conducted by The Jacobson Group and Ward Group, 65 percent of companies polled intend to increase staff in 2017. In addition, the Bureau of Labor Statistics has reported that the unemployment rate for the insurance industry is at 3.3 percent, which remains significantly lower than the national average.
“Expected increases in business volume and expansion into new markets are driving continued hiring,” said Gregory P. Jacobson, co-chief executive officer. “This organizational growth, coupled with a shallow talent pool and virtually non-existent industry unemployment, results in an increasingly competitive labor market.”
The study found that openings are still moderately difficult to fill and recruiting is slightly more difficult in most disciplines than it was one year ago.
Talent Shortages Leading to Temp Hires
According to a recent report released by CareerBuilder and Economic Modeling Specialists International, hiring temporary and contract employees can help businesses sidestep talent gaps and remain nimble. The study showed that more companies will be tapping into this labor segment, with temporary employment expected to add 173,478 jobs from 2016 to 2018 – an increase of 5.9 percent.
In response, a number of search firms have strengthened their interim practices. Here’s a look at a few taken from the Hunt Scanlon Media archives:
- U.K.-headquartered executive recruiter Norman Broadbent has named Angela Hickmore as managing director of Norman Broadbent Interim. Ms. Hickmore has over 25 years in the recruitment industry and an in-depth knowledge of the senior level interim management sector. She previously served as a partner with BrightPool, the sister company to Interim Partners, a specialist recruitment firm operating in the financial and professional services markets.
- Vetted Solutions recently added Nancy Green as vice president in its Washington, D.C., office. She expands the firm’s activities in the areas of succession planning, interim executive appointments, onboarding, and leadership development. Ms. Green is a widely respected speaker and author on all aspects of organizational leadership, drawing upon a career as an association chief executive, interim executive and effective advocate for inclusive workplaces.
- Sydney-based Watermark Search International launched a new interim search practice and appointed Jacinta Whelan as its leader. The practice focuses on interim appointments in both public and private sectors with a particular emphasis on CEOs and COOs, senior executives in IT, human resources specialists, project and program management experts and business turnaround and change consultants. Ms. Whelan has over 20 years of experience starting and leading Interim businesses in Hong Kong, New York and Australia. Previously, she was a general manager at Jo Fisher Executive Search, where she launched the firm’s interim practice Flex Executives.
- U.K.-headquartered executive search firm La Fosse Associates added two new senior consultants to further strengthen its executive search and interim management capabilities. Henry Draper was appointed as head of the financial services & technology practice. He most recently served as global executive search lead, CIO / CTO practice at NP Group. Bruce Mair joins the firm as a principal consultant. He will focus on growing La Fosse’s interim management practice with an emphasis on the establishment of long-term partnerships. Mr. Mair previously served as practice head, IT for Alium Partners.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media