Patra Expands Successful Initial Phase of Patra Academy, Partners with MSEP
El Dorado Hills, CA, December 13, 2018 – Patra Expands Successful Initial Phase of Patra Academy, Partners with Military Spouse Employment Partnership
Training Initiatives and National Collaboration Provide an Innovative Approach to Talent Recruiting
True to Patra’s innovative culture we have launched Patra Academy, a program developed as a way for us to meet our hiring needs in light of the talent shortage the industry is currently facing. Developed to expand the pool of talented insurance professionals through recruitment and formal training, Patra Academy recruits, trains and hires individuals with no previous insurance experience. Upon completion of training, graduates are placed within our nationwide network of insurance staff.
“Patra has expanded its place in the insurance and InsureTech marketplaces. Patra Academy is supporting the company’s growth by providing a path to find, train and employ great talent,” said John Simpson, CEO of Patra. “Not only are we feeling the talent shortage within the insurance industry, good business practice dictates that we don’t hire away talent from our clients, leading to even fewer qualified candidates. It’s very limiting.”
As the program has expanded, we have discovered that it’s well-suited to an under-utilized, and often underserved, talent pool: military spouses. Because Patra allows many of its employees to work remotely, we have been able to train and employ more than 30 military spouses and veterans with jobs that are portable enough to follow them to their next duty station; two Patra Academy locations are in proximity to military bases – Fort Campbell, near Clarksville, Tennessee, and Naval Air Station Fallon, Nevada. We also recently formalized a partnership with the Military Spouse Employment Partnership (MSEP), which will focus recruiting on and near major military installations, hiring spouses of active duty military.
“Patra’s approach to recruiting, hiring, training, and employing our country’s military spouses is inspiring. They truly appreciate the immense talent our spouses possess and Patra Academy is proof of its commitment to supporting our military families,” says Kristen Geist-Hodgkins, Program Manager and Team Lead for the Employment Readiness Program at Fort Campbell.
Patra Academy takes a “starting from scratch” approach, as most new hires have no insurance experience. We pay for trainees to earn their insurance licenses, train them on Patra account manager processes and provide them with a professional career. Graduates, who begin working at Patra in roles suited to their training and other pre-Academy skills, often include former attorneys, engineers, accounting and retail professionals.
Patra Academy’s success and subsequent expansion bring the total number of locations to three, with a facility at our headquarters in El Dorado Hills, California in addition to those in Fallon and Clarksville. To date, Patra Academy boasts a retention rate near 90 percent.
Patra is committed to expanding this innovative solution to address staffing needs and to recognizing the talent possessed by military spouses and veterans. As we continue to expand we are looking to add three additional facilities nationwide in the next five years and plan to cultivate this partnership with MSEP by seeking out new locations near active military bases.