Federated Insurance

www.federatedinsurance.com
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Federated Insurance Reviews

Updated December 5, 2014
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3.8
21 Reviews
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Recommend to a friend
Approve of CEO
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Jeffrey E. Fetters
16 Ratings

21 Employee Reviews

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  1. Helpful (1)

    Federated Insurance is a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer in Owatonna, MN
    Current Employee - Software Developer in Owatonna, MN

    I have been working at Federated Insurance full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Life/Family balance
    Interesting work
    Career advancement opportunities
    Great benefits

    Cons

    Conservative culture - but great people to work with

  2. Good stepping stone...don't stay too long

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federated Insurance full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Professional atmosphere, great people to work with, work-life balance, less than 10 minute 'commute' if you live in Owatonna.

    Cons

    Career development is highly dependent on who you know versus what you know. It's a good stepping stone, but recommend not buying into the 'it's a great place to work for 30+ years'. Start here to get some good training and experience and move onto another company that will offer you more challenges and a more progressive career path.

    Advice to Management

    Consider the talent you have in those that have worked at the company 10 - 20 years and look to give them more career growth opportunities. Consider providing better compensation for these employees as well. The base compensation always rises for the new guys, but the rest of us get a minimal raise at best.

  3. Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federated Insurance

    Approves of CEO
    Approves of CEO

    Pros

    Flexibility, good compensation, control of your income

    Cons

    Work hours, stress, constant pressure to reach set goals

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Great company, great benefits, promote only from within

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Representative in Owatonna, MN
    Current Employee - Marketing Representative in Owatonna, MN

    I have been working at Federated Insurance full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Benefits and company leadership and management were all at the low end of the totem pole at one point and in the same job type as you will start in.

    Cons

    Insurance sales can be a drag and tough depending on hard and soft market types and location.

    Advice to Management

    Get to know new sales people and makes sure they are comfortable.

  6. Good People, Strong Values, Proven Track Record

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Developer IV in Owatonna, MN
    Current Employee - Systems Developer IV in Owatonna, MN

    I have been working at Federated Insurance full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The strongest asset of any organization is its people, and Federated has very talented and wonderful people who have a great work ethic, small town "MN nice" values, and work together wonderfully to provide results year in and year out. The training and opportunities to learn and expand are as good as you'll find. The company history and values ensure employees stability and a great environment.

    Cons

    The compensation and benefits are fair, but not great. The culture is very conservative and management tends to be top-heavy across the board, however, in IS, there is limited opportunity for growth into those management positions until you've been with the company for several years.

    Advice to Management

    While our people, vision, and strategy are tried and true, IS needs to be looked at as more of a strategic partner rather than a cost-center and that area will need to become more innovative and current to continue to be competitive.

  7. Stable company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Contact Center Representative in Owatonna, MN
    Current Employee - Client Contact Center Representative in Owatonna, MN

    I have been working at Federated Insurance full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Co-workers are great. Compensation is wonderful. Incentives are good.

    Cons

    Management is uninvolved with employees. Promotions are given unfairly, it is more about who you know and who your friends with.

  8. Great opportunity, but only pays off if you stay forever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federated Insurance full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Very high salary
    Strong benefits
    reward success
    strong management, very clear expecations and training
    only hire within

    Cons

    Must live in Owatonna, MN to climb the ladder
    Slow moving in terms of technology

  9. Great company and great people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervisor in Atlanta, GA
    Current Employee - Supervisor in Atlanta, GA

    I have been working at Federated Insurance full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very conservative company. They will be around and remain a strong company for many years.

    Cons

    You have to stay here earning a slightly below average salary to get the benefit of the vesting and company funded retirement.

    Advice to Management

    Stay the course

  10. Company gives back what you are willing to put in

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Owatonna, MN
    Current Employee - Anonymous Employee in Owatonna, MN

    I have been working at Federated Insurance full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    * Private Learning Center that provides resources for future advancement
    * Private Gym & Fitness Classes
    * Provides a respectful work environment that cultivates team work and interdependence
    * New executive management willing to "think outside the box"

    Cons

    * Located in a small town so there is not much room for advancement unless others retire or you are willing to relocate
    * Some long time standing management heads can be set in their "old ways" of thinking and management
    * Have experience micro-managing in other departments worked in the past

    Advice to Management

    Your doing a great job! Keep freshening things up and thinking "outside the box". Federated is a great place to work for and I have enjoyed my time working for this company. You get back what you put in!

  11. Used to be a better place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federated Insurance full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Fully funded pension, some good benefits, depending on which program you are hired under you could have very good training, new CEO that came on board is more realistic when it comes to company spending and company goals and has been at the company over 30 years

    Cons

    Does not value their employees - treats them as a commodity. Health insurance benefits are substandard and the employee health insurance program doesn't cover a lot. Slow to make changes, upper management continually says they like to "think inside the box". Pay is slightly below industry average, benefits really lack compared to the industry or companies of this size. Very conservative values that, for a lack of a better way to put it, are good ol' boy ways. Their actions make it seem like the company is headed for a bad financial outlook.

    Advice to Management

    Instead of saying "people, people, people", act on it and treat employees like you actually value what they do for you.

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