Insurance Job Perks That May Surprise You
Careers in insurance are interesting, challenging, and rewarding. However, in today’s job market, candidates are not only interested in the work itself, but also in the benefits offered by the company of interest.
Most insurance companies offer competitive employee benefits and perks, but what is it that people are looking for outside of the job description? Some seek good medical benefits for their family, continuing education or training opportunities, work life balance, or opportunities to get involved in their communities.
Insurance companies do a great job providing benefits packages with a wide variety of attractive benefits to their employees. Below are some examples of companies who provide competitive benefits to their employees.
Health and Well-being
GEICO’s goal is to focus on the whole you, empowering associates to optimize their well-being. They offer medical insurance, including dental and vision benefits, and life insurance. They also offer flexible spending accounts, which allows associates to set aside a pre-taxed amount of money each year to use for eligible out of pocket medical expenses. This pre-taxed money can even have eligibility to be used for dependents' day care expenses. They will also match donations to charities, colleges, and universities. This enables their associates to financially support organizations that are important to them.
Education and Training
At MAPFRE, they believe one of the ways they can thank their employees for their commitment is by encouraging both personal and professional growth and development. They encourage their employees to further their education by offering the support of tuition reimbursement. They also offer opportunities to assist in advancement through specialized job training, leadership development, customer service skills training, professional development workshops and eLearning, as well as through professional designation programs. Their wide variety of advancement options empower employees to do more within their company.
Work Life Balance
At Progressive, work life balance is important. In your first year of employment at Progressive, employees can accrue up to 17 paid days off. They also offer flexible work arrangements, depending on work area and business needs. This flexibility enables some employees to work nonstandard hours or even work from home. They also offer financial advice and resource recommendations for needs such as adult care and caring for children with special needs.
According to American Family Insurance, they do some of their best work out of the office. They offer corporate volunteer opportunities through paid volunteer hours so their employees can get out into their communities and make an impact. They also financially support the causes their employees are passionate about. They match employee donations up to $3,000 each year to qualifying nonprofit organizations.
There are many online resources for you to explore when thinking about your future in insurance. Visit Insurance Careers, Insuring Ohio Futures, and Insure My Path to learn more about how working in the insurance industry could benefit you.