Don’t miss out on your chance to participate in Insurance Journal’s annual Agency Salary Survey. There’s only a few days left to share your insights on agency compensation trends and more.
ALL retail agency owners, principals, producers, CSRs — the entire agency — should pa
rticipate and be a part of the industry’s favorite salary survey. Respondents will receive a copy of the report in Insurance Journal magazine.
Survey responses and information will remain confidential. Now is the time to participate! The final deadline is the end of day on Tuesday, February 3rd.
Last year’s survey found that employee satisfaction with their compensation fell a
gain even though the survey revealed average overall compensation trended up. Pay isn’t everything, some respondants noted, sa
ying that employee benefits, flexibility, culture, workload, and much more matter when it comes to job satisfaction. “Compensation does not make up for low staff and high workload,” one survey respondent wrote.
How satisfied are employees with their compensation this year? Are salaries up or down? What do agencies need to know about attracting and retaining quality talent?
The lawsuit filed in California on Tuesday accusing Eightfold of violating the Fair Cred
it Reporting Act shows how consumer advocates are seeking to apply existing law to AI systems capable of drawing inferences about individuals based on vast amounts of data.
Santa Clara, California-based Eightfold provides tools that promise to speed up the hiring process by assessing job applicants and predicting whether they would be a good fit for a job using massive amounts of data from online re
sumes and job listings. But candidates who apply for jobs at companies that use those to
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ols are not given notice and a chance to dispute errors, job applicants Erin Kistler and Sruti Bhaumik allege in their proposed class action.
Because of that, they claim Eightfold violated the FCRA and a California law that gives
consumers the right to view and challenge credit reports used in lending and hiring.
“There is no AI-exemption to these laws, which have for decades been an essential tool in protecting job applicants from abuses by third parties—like backgr
ound check companies—that profit by collecting information about and evaluating job applicants,” they said in the lawsuit.
A spokesperson for Eightfold did not immediately reply to a request for comment. Eightfold is backed by venture capital firms including SoftBank Vision Fund and General Catalyst.