WIN Magazine - Spring 2015 - (Page 38)

continued from page 33 Give them a good training plan, career path and hope when they arrive. That should keep them busy for some time. Make sure they know how they fit as a piece of the puzzle and how what they do contributes to the success of the organization. They want to know they matter. Provide fun activities and ways to give back to the community. They want to have fun with each other- remember, they are constantly checking to see what their friends are doing on Facebook and would participate in work-sponsored events if there were any. Millennials tend to be more involved in their communities and want to give back more than other generations might have. That is good for your company as well as for the employee as a person. If you manage millennials, remember they need freedom, independence and flexibility-don't we all? They just make their employment decisions based on these things unlike other generations. So a micromanager is not going to be successful retaining this group. Give them training, mentoring and direction and then let them fly-all while serving as their safety net in case they need you. How is employing and retaining millennials a competitive advantage? Take advantage of their high-tech savvy. Put them in charge of social media committees and have them work on projects to expand your company's reach through social media. Have reverse IF YOUR COMPANY IS NOT EMBRACING THE SOCIAL MEDIA REVOLUTION, IT IS HIGHLY LIKELY THAT YOU WILL FALL FURTHER BEHIND YOUR COMPETITORS. mentoring where the millennials mentor more seasoned employees on how to use the latest gadgets or computer applications or the new cell phone they were just given. This creates stronger team bonds and recognizes the value millennials they bring to your organization. If your company is not embracing the social media revolution, it is highly likely that you will fall further behind your competitors who are. Thus the competitive advantage. Back to the employee as a person. If you make that your filter and think about what matters to them, then make it happen-you will be doing about as much as you can do to retain them. It won't be perfect. Some will leave, and you will wish them the best in their new adventures. They may just need a change of scenery. If they were wonderful employees and good people, be open minded; leave the door open for their return once they realize that the grass isn't always greener on the other side of the virtual fence. Teresa Vaughn, SHRM-SCP, SPHR, is vice president, human resources, at AAMGA Wholesale Insurance Member Johnson & Johnson, based in Charleston, S.C. Contact her at tv@jjins.com. Thank you to our advertisers- they helped make this publication possible. 38 | view t 676151_Hartford.indd 1 h i s i s s u e a t | www.aamgawin.org 1/28/14 12:48 AM INDEX OF ADVERTISERS BROKERAGE SERVICES R.E. Chaix & Associates Insurance Brokers, Inc.................................. 32 www.rechaixinsurance.com COMMERCIAL LINES RATING & POLICY INSURANCE SYSTEMS NetRate Systems, Inc..............Inside Front Cover www.netrate.com COMPUTER SOFTWARE Epic-Premier Insurance Solutions................... 19 www.epic-premier.com INSURANCE Hartford Steam Boiler Inspection & Insurance Co.................................................38 www.hsb.com INSURANCE ADJUSTERS Roanoke Valley Claims Service........................ 27 www.rvcs.com INSURANCE COMPANIES AmWINS Program Underwriters........................ 6 www.amwins.com Atlantic Casualty Insurance Company............. 30 www.atlanticcasualty.net General Star Management Co........................... 3 www.generalstar.com Guilford Specialty Group, Inc........................... 26 www.ifgcompanies.com/springtime Meadowbrook Insurance Group................ Outside Back Cover www.meadowbrook.com Nautilus Insurance Group.................................. 4 www.nautilusagents.com Northland Insurance Companies............................Inside Back Cover www.northlandins.com Prime Insurance Company................................. 5 www.primeis.com INSURANCE PRODUCTS General Star Management Co........................... 3 www.generalstar.com Vela Insurance Services...................................36 www.vela-ins.com INSURANCE SOFTWARE Epic-Premier Insurance Solutions................... 19 www.epic-premier.com I-Engineering, Inc............................................ 31 www.i-engineering.com MANAGING GENERAL AGENTS Johnson & Johnson .................................. 20-21 www.jjins.com Southern Insurance Underwriters.................... 18 www.siuins.com Sunderland Insurance Services....................... 28 UNDERWRITERS USA Alliance.................................................... 24 www.usaalliance.org UNDERWRITING SUPPORT SERVICES Outsource Insurance Professionals, Inc.......... 14 www.oip.bz http://www.rechaixinsurance.com http://www.netrate.com http://www.epic-premier.com http://www.hsb.com http://www.rvcs.com http://www.amwins.com http://www.atlanticcasualty.net http://www.generalstar.com http://www.ifgcompanies.com/springtime http://www.meadowbrook.com http://www.nautilusagents.com http://www.northlandins.com http://www.primeis.com http://www.generalstar.com http://www.vela-ins.com http://www.epic-premier.com http://www.hsb.com http://www.i-engineering.com http://www.jjins.com http://www.siuins.com http://www.usaalliance.org http://www.oip.bz http://www.aamgawin.org

Table of Contents for the Digital Edition of WIN Magazine - Spring 2015

Cover Story: Will the Excess and Surplus Lines Insurance Business Saddle Up with Standards? By CJ Ketterer
Digital Maturity—or Extinction: Your Survival Now Depends on Digital Transformation By Scott Klososky and Corey White
Emerging Trends: The Technology Side By Greg Ricker, CPCU
Emerging Trends in the Property Insurance Market By Ralph Sabbagh, ASLI
Underwriting the Exposures of Business Operations: The Impact of Tenant Leases By Craig A. Mathre, CPCU, CLU, CIC, CRM, ASLI, RPLU, AU, AIC, ARM, AAM
Emerging Risks: Brain Research By Dr. Achim Regenauer
Millennials: How Well You Attract and Keep Them Could Be Your Competitive Advantage By Teresa Vaughn, SPHR
Volcanoes, Hurricanes, Tropical Storms and Floods: Perils and Exposures in Paradise By Sharon K. Lee
“Empowering the Wholesale Nation”: AAMGA Annual Meeting Registration and Room Block Are Now Open
Index of Advertisers

WIN Magazine - Spring 2015

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