Continuing a favorable tradition, New York Life is planning to add more than 3,600 financial representatives this year, with more than half being women or those who represent the cultural markets.
In 2013, 62 percent of New York Life’s new hires in the field were women or individuals who represent the cultural markets. The company expects similar results in 2014 as it continues its long commitment to hiring and supporting women and individuals serving the African-American, Chinese, Hispanic, Korean, South Asian and Vietnamese markets in the United States. Agents serving the cultural markets accounted for 46 percent of the company’s new life insurance sales in 2013.
“New York Life has been recognized as an employer of choice for its strong commitment to women and individuals who represent cultural markets by top outlets including Working Mother magazine, LATINAStyle magazine, DiversityBusiness.com, Women For Hire, Hispanic Business, and the National Association for Female Executives (NAFE),” said Rich Simonetti, senior vice president of field recruiting and development at New York Life.
“The company is also proud to be recognized for its broader commitment to its employees with recognitions from CAREERS & the disABLED magazine as a ‘Top 50 Employer’; Dave Thomas Foundation for Adoption’s 100 Best Adoption-Friendly Workplaces List; and Work Life Matters magazine’s ‘Top Company for LGBT Equality’.”
Simonetti noted that New York Life led new agent membership in the Million Dollar Round Table (MDRT) in the United States for the 59th consecutive year in 2013. Membership in MDRT is a distinguishing life insurance career milestone for those demonstrating superior professional knowledge, experience, client service and sales achievement. In addition, New York Life led female membership in the United States, accounting for 29 percent of the 1,180 female MDRT members, more than three times the number of women members employed by the second place company.