Assurant Foundation Contributes $30,000 to NADA Workforce Initiative

Assurant Foundation's Significant Contribution to Workforce Development

ATLANTA -- Assurant, Inc. (NYSE: AIZ), a prominent global business services company dedicated to supporting and protecting major consumer purchases, including automobiles, has made a notable contribution of $30,000 through the Assurant Foundation. This funding aims to sponsor the NADA Foundation’s Workforce Initiative, which is focused on highlighting the value of dealership roles while providing essential educational resources.

Supporting the Future of Automotive Careers

During a recent event at the NADA Show, Jeff Strickland, the executive vice president and president of Assurant Global Automotive, proudly presented this contribution to Annette Sykora, the chairwoman of the NADA Foundation Board of Trustees, alongside Andy Koblenz from the NADA Foundation. The event took place live in New Orleans and drew considerable attention, showcasing the collaborative efforts to nurture growth in the automotive sector.

The Importance of Career Development

This contribution marks Assurant’s sixth consecutive year of supporting the NADA Foundation, underlining the company's commitment to advancing career opportunities within the automotive industry. The NADA Workforce Initiative aims to promote jobs that offer not just competitive salaries but also excellent benefits and significant chances for career advancement across dealerships in the country.

Embracing Evolving Technologies

Strickland remarked on the increasing demand for employees equipped with high-tech skills, as automotive technology continues to advance with innovations like electric vehicles and enhanced connectivity. "We have stood with our dealers for 60 years, and we are committed to helping them navigate the evolving landscape of automotive retail. With ongoing support from companies like Assurant, we're excited to assist in fostering the next generation of service technicians for our dealerships," he said.

Workforce Initiative: Addressing the Skills Gap

Founded in 2018, the NADA Foundation’s Workforce Initiative has been pivotal in addressing the shortage of service technicians. This initiative seeks to raise awareness about the benefits of careers in the automotive sector, while also improving access to resources that showcase programs, scholarships, and various opportunities available. Over recent years, this initiative has expanded its focus to recruit talent across all dealership roles and departments.

Collaboration with Industry Partners

Sykora expressed gratitude for the outcomes achieved through the Workforce Initiative, emphasizing the essential role dealership teams play in overall success. She stated, "We are thankful to our industry partners like Assurant for their steadfast support. The tools provided by this program have been instrumental in attracting, hiring, developing, and retaining top-quality talent within our dealerships."

Promotion of Automotive Careers

Since 2019, the Assurant Foundation has committed a total of $165,000 to the NADA Foundation, demonstrating their dedication to promoting a skilled workforce within the automotive sector. This partnership not only enhances the perception of automotive careers but also strengthens pathways for future generations pursuing these professions.

Assurant’s Role in the Automotive Industry

Assurant Global Automotive, with over six decades of experience, serves as a leading solution provider within the automobile and commercial equipment industries. Assurant maintains partnerships with various stakeholders, including manufacturers, dealers, and financial institutions, to ensure a broad spectrum of innovative automotive solutions, from vehicle service contracts to asset protection. Operating across 19 countries, Assurant is recognized for delivering comprehensive protection products for both the automotive and commercial equipment sectors.

Conclusion: A Commitment to Excellence

Assurant, Inc. (NYSE: AIZ), a Fortune 500 company with operations in 21 countries, is focused on enhancing the customer experience through innovative solutions. Our dedication to partnership with top brands translates into delivering mobile device solutions, extended service contracts, and much more. Assurant continues to be at the forefront of supporting major consumer purchases, paving the way for future advancements in the connected world.

Frequently Asked Questions

What is the purpose of the NADA Foundation’s Workforce Initiative?

The Workforce Initiative aims to address the shortage of service technicians by promoting the benefits of dealership jobs and providing access to educational resources.

How much has the Assurant Foundation donated to the NADA Foundation?

Since 2019, the Assurant Foundation has donated a total of $165,000 to the NADA Foundation.

Why is there a growing demand for automotive employees?

The demand is increasing due to the evolution of automotive technologies, including electric vehicles and advanced connectivity, requiring employees with high-tech skills.

Who received the donation from Assurant Foundation?

The donation was presented to Annette Sykora, chairwoman of the NADA Foundation Board of Trustees, and Andy Koblenz from the NADA Foundation.

What are some services provided by Assurant Global Automotive?

Assurant offers vehicle service contracts, guaranteed asset protection, and ancillary products, along with dealer performance management and training services.

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