It may be cliche, but in business it’s the truth. Independent agents need to know what the landscape looks like to stay competitive and keep bringing in new talent. Through IntellAgents, you have exclusive access to data, including salary and benefits information, that can help you make informed business decisions.
We know there are several other organizations that provide national compensation studies, and we also know that those studies do not provide our average agents with information that they can put to use. The unique nature of our insurance marketplace causes those studies to be largely irrelevant when it comes to compensation and productivity.
On a weekly basis, OIA receives calls and questions from members regarding retaining and recruiting talent, and many of those questions relate directly to the compensation and benefits needed to attract quality employees. These types of questions drove us to focus on creating insights that are relevant to our marketplace regarding benefits and compensation.
Considering how competitive the insurance job market is these days, when you identify a potential employee, how much do you need to pay them to compete with other agencies? What benefits are other agencies offering, and how do yours compare? That’s information you can use and our goal is to help you get it.
On January 22nd , we launched our second annual compensation and benefits survey to gather Ohio-specific independent agent data. This is the first step toward being able to supply our members with data they can use. The response so far has been positive, but we need more agencies to participate to make sure we have a relevant data set. We need at least 20 percent participation; once we meet that benchmark, we will be able to tell you what the average compensation and benefits are in your region of the state. We know that there’s no sense in comparing pay in Franklin County to Marion County or any other area of the state. That’s why we need your participation to help us reach our goal and provide relevant information that you can rely on and put to use within your agency.
The survey asks for very specific data such as age and salary of your employees. All responses are kept strictly confidential and are only reported in the aggregate. No one will be able to identify your agency or a specific employee in your agency.
Don’t be left in the dark when trying to attract talent.
Just for participating in the IntellAgents compensation and benefits survey, we will give you the results, a $150 value, for free. Depending on the size of your agency, the survey will take you between 15 and 30 minutes. We know how busy you are, but what is 30 minutes of your time worth to get information you can’t get anywhere else?
Two things to know before you start: You’ll need your agency’s National Producer Number (NPN) and your individual NPN to answer two questions. You can find both on the National Insurance Producer Registry.
About IntellAgents, LLC
IntellAgents, LLC is a first-of-its-kind, analytics-driven organization that specializes in actionable insights for independent agents. Founded in 2018 by Ohio Insurance Agents Association, it is the fastest-growing independent insurance data warehouse in the country. IntellAgents products and services are available in Ohio, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, North Carolina, and Pennsylvania. Availability in other states will continue to expand throughout 2019.
To find out more about IntellAgents check out intellagents.io