High-Pressure Sales Approach To Advisor Recruiting Is Out; Safe Team-Based Positions Are In

Wednesday, April 06, 2011 21:35
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High-Pressure Sales Approach To Advisor Recruiting Is Out; Safe Team-Based Positions Are In

Tags: recruiting

For generations, the financial industry was geared to attract go-getters who craved fast-paced sales environments and the chance to earn big payouts. Now, the kids want safety, so they're just not buying the old recruiting techniques.

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According to annuity-oriented trade organization LIMRA -- which, by the way, has built a spectacularly useful and information-rich website by umbrella group standards -- Generation X and Y job seekers run screaming from any position that promises to involve sales, even though they adore referring products within their social networks.

 

The difference is largely one of semantics, but here's the twist. Younger recruits are willing to work for a lot less money if you can promise them some measure of job security. 

 

LIMRA doesn't say so, but it might be the lingering effect of coming of age immediately after a crippling recession -- the Gen Xers after the 1980-3 slump and then again after the 1987 crash, the Gen Y crowd now.

 

The recruiters LIMRA talked to also say that younger reps are more team-oriented and less competitive than the Boomers who currently dominate the industry.

 

That's not exactly a surprise, given all the other generational profiling on the "millennial" workers, but it highlights new ways that the talent of tomorrow prefers to operate.

 

 

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