Some respondents are optimistic, predicting continued solid performance. Others are more cautious, anticipating a softening of the regional economy toward the beginning of next year. Nonbank Financial Services Respondents at insurance companies report revenues in the second quarter of 1998 ranging from flat to 25 percent increases. Mutual funds and variable annuities were responsible for much of the growth in sales. Employment changes range from down 5 percent to up 4 percent.
Most respondents note continued shortages of information systems personnel.
In response, they are relying more on outside contractors, raising base salaries, and increasing the amounts and types of bonuses. A number of respondents also note a scarcity of accounting and investment management professionals. To comment on this site, please fill out our feedback form.