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| | Jobs Are On The Rise In California Workers' Compensation Claims. But It's Still Not The Good Old Days.
By Lonce LaMon - May 13, 2011
"What's out there..." claims professionals like to ask--as one of their favorite buzz phrases.
Speaking of which: all the buzz about the economy and job growth in the U.S. right now still states that it's just not good enough. This has become the biggest criticism of the Obama administration, and is likely to come back as even a louder out-cry in the coming months after the glow of the U.S. success in bringing about the demise of Osama bin Laden slips into the past.
Last month, according to the statistics, 200,000 jobs were created in the United States in the biggest hiring spree in five years. Plus, one million jobs have been added since last October of 2010. But, the U.S. lost over eight million jobs alone in the end of 2007 and the start of 2008 just before and after Barack Obama took office. So, at this rate, the depressing word is that it is going to take a few to even several more years to get back to "normal" as the current rate of hiring won't even remotely come close to bringing employment rates back to normal by election day.
So, job growth is increasing, but at a slow crawl. Like molasses out of a bottle...
As for workers' compensation claims adjuster and claims management jobs in California, the growth and increase is observable for these four plus months into 2011. Last year, I observed the workers' compensation claims Job Ads posted on www.adjustercom.com as just a little over $8,300 in gross revenue as the yearly total--hardly a big revenue stream to write home to Mom about. But by April 30th 2011, I read the four month total for the beginning of 2011 as boasting a revenue of almost $8,400 in Job Opportunity Ads alone for just four months. This is nearly the same amount of revenue for four months of 2011 as posted during the entire year of 2010. Therefore, Job Ads revenue for work comp claims jobs is increasing at a rate of three times the amount from 2010 to 2011.
Beginning at the end of December 2010, Travelers Insurance Company posted work comp claims adjuster ads for their Sacramento and Walnut Creek Northern California offices. Then in March 2011, Zenith Insurance in Woodland Hills posted an ad for a work comp adjuster. Then, Southern California Edison, a self-insured and administered claims department in Rosemead, posted two separate ads for two individual workers' compensation claims examiner positions. And even earlier, in mid-late 2010, Edison posted and filled a position for a claims manager through a www.adjustercom.com Job Ad.
But it's clear from the still existing ease of finding candidates through word of mouth and employee referral, that the candidate pool for work comp examiners is still substantial enough to make it an easy employers' market.
Dierdre Millwood, the senior vice-president of claims for American Claims Management in San Diego stated in a recent phone conversation with this writer that ACM hired 22 employees in three weeks time this past Spring and never used a recruiter. "We placed one workcompcentral ad for two weeks," Millwood added but made it plain that she predominantly used sheer networking and staff referrals. She said it was all about making a statement to her staff and then finding all kinds of resumes showing up within hours. She observed that workers' comp claims in San Diego is a very tight knit community.
"We had over a hundred applicants. We hired 4 managers, 12 claims adjusters, and we hired 3 or 4 assistants and a medical only adjuster. We had over 60 adjuster applicants," she stated further.
When the applicant pool of any type is abundant, employee referral does the trick. But as employment goes up, employee referral stops cutting it in terms of bringing in sufficient candidates and companies have to start heavier advertising. This transition is now observable in the increase of job ads sold by www.adjustercom.com in this first four months of 2011, so it's clear we're just now turning the corner. But still recruiters are not getting the action yet because employment is not quite high enough to spill into a demand. Recruiters only get work when qualified candidates are harder to find and candidates stop showing up through word of mouth and classified advertisements. Thus, the available candidate pool has to further dry up and employment more strongly increase in order for recruiters to get in on the action.
This month during these first twelve days, York Insurance Services Group in both Riverside and Upland have been searching and advertising for work comp adjusters, and so has AIMS in Santa Clarita.
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