GEICO

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GEICO Reviews in Chevy Chase, MD

Updated Jun 22, 2014
All Employees Current Employees Only

3.2 50 reviews

92% Approve of the CEO

GEICO Chairman and CEO Olza (Tony) Nicely

Olza (Tony) Nicely

(37 ratings)

68% of employees recommend this company to a friend

Review Highlights

Pros
  • The benefits are very good with the best thing being the profit sharing(in 180 reviews)

  • Great benefits that start on day 75 (medical/dental/vision/life)(in 84 reviews)


Cons
  • Outdated claims systems and equipment, only reasoning that is given is "low cost provider"(in 23 reviews)

  • Had a long commute to the city where the call center was located(in 47 reviews)

8 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

    1 person found this helpful  

    Stable company but unnecessarily stressful

    Manager (Current Employee) Chevy Chase, MD

    ProsIt is a very stable company with promotional opportunities if you are willing to relocate.

    ConsUpper management micro manages everyone that reports to them. Compliments aren't given as much as negative comments. They want to hire cheaper labor and encourage older associates to retire since retirement benefits are no longer offered.

    Advice to Senior ManagementStop micro managing, encourage your associates to stay, improve morale, allow more associates in staff positions to telecommute and not just a few hand picked favorites.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    Grossly Under paid

    Anonymous Employee (Current Employee) Chevy Chase, MD

    ProsStable company has been around for years

    ConsIf you do not come in with the right salary amount takes an extremely long time to move up and get paid accordinly

    Advice to Senior ManagementReview your salary compensation system

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    I.H.R. (In-House Retirement) for Accountants

    Staff Accountant (Current Employee) Chevy Chase, MD

    ProsEasy workload. Decent salary. You get your own cubicle.

    ConsGEICO is a low-cost provider. The company treats EVERYTHING as a cost as opposed to an investment. People come to GEICO to gain starter experience, then jump ship quickly before they get into IHR mode. I'm about to do the same within the next year.

    The Accounting department is a place for lifers who just want to come to work, sit around, and collect an easy paycheck. There is very little incentive to work harder because promotions are often based on seniority. Once promoted, people love to sit back and coast.

    Advice to Senior ManagementRETIRE. All senior management are in their late 50s and early 60s. Tony Nicely is nearing 80. Get some younger people fast-tracked to senior management roles so that they can revamp this dinosaur of a company and attract smart, young talent.

    No, I would not recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

     

    Eh

    Anonymous Employee (Current Employee) Chevy Chase, MD

    Prosfairly easy overall; people are nice on the whole; a good place to fall asleep and or have babies; not too much overtime

    Consthere's only social pressure to do work; no one gets fired; expectations are unrealistic for non definitive positions (anything beyond call centers), htere's no real punishment when you don't meet those expectations; poor communication and very little freedom; underinvestment in technology and employees

    Advice to Senior Managementinvest more in technology and people; give up a little more control, especially at corporate headquarters; overly focused on being the low cost provider to the detriment of employees; certainly costs more in the long run

    No, I would not recommend this company to a friend

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    • No Opinion of CEO

     

    Good first job

    Corporate Analyst (Current Employee) Chevy Chase, MD

    ProsIt's a good job to get your foot in the door, the profit sharing plan is generous, management makes good decisions as far as investing wisely and turning a profit when many other companies aren't.

    ConsPromotions appear to be based much more on tenure than merit. I've been told for several years how high I'm ranked in the department, but keep getting put off for a promotion. The compensation doesn't keep up throughout the years, management can be shady about communicating changes and their motives.

    Advice to Senior ManagementSome of the smartest young employees tend to be underutilized, overlooked, and they will lose a lot of good people if they don't show financial and managerial support to these people who could be the future management.

    No, I would not recommend this company to a friend

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    • No Opinion of CEO

    2 people found this helpful  

    Great company to start or transition but little long term growth

    Manager (Current Employee) Chevy Chase, MD

    ProsThere are opportunities for associates early in your career to learn many facets of the company. The opportunities at the home office for young analysts are good. You get a low risk environment to transition from an academic to a business environment. Learning new tools and software is one of these benefits.

    ConsThe work is not very diverse and ultimately you need to leave the company for career growth. The company is singularly focused on auto insurance and sales. There is very little opportunity to get a broad based experience in the insurance industry or apply your analytic skills to projects outside of this focus.

    Advice to Senior ManagementStop thinking about GEICO in the 70's and start thinking about GEICO in the future.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

     

    Great balance and diverse work duties, but ultimately no internal growth structure. Agree, great starter company.

    Anonymous Employee (Former Employee) Chevy Chase, MD

    ProsProfit sharing in the good years is excellent, otherwise it brings pay in line with market rates. The people there are great, certainly a great deal of people that you will like working alongside. Many opportunities to learn new areas of the business, at least at the corp hq location.

    ConsThe pay is marginal at best. Advancement is possible, but it is largely dependent on seniority first and networking second. If you stay, you will likely move up. Otherwise, management is average to slightly below. Often, promotions are given to those who speak the loudest and most frequent, regardless of whether or not it is insightful or merely noise. In other words, often, the squeaky wheel gets promoted.

    Advice to Senior ManagementGEICO has to work harder to retain younger talent. There are few directors under age 35 and most officers are up there in age. Talented people leave because career development is either ignored, completely unstructured, or entirely too slow. Tony Nicely, to his credit, has done well to push the company as a leader on the web, and the management directly below him is fairly competent. However, there are some holes in the talent at the manager, director, and assistant vice president levels.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    A great "starter" company for people graduating from college, but don't plan on staying for more than 2 years.

    Manager (Current Employee) Chevy Chase, MD

    ProsJob security and a company backed by Berkshire Hathaway
    A great "starter" company for people graduating from college, but don't plan on staying for more than 2 years.

    ConsPromotions almost completely based on tenure.
    Every decision literally goes through 12 layers of management, so don't expect to feel like you contribute.
    Culture promotes more of the same.
    Don't expect to get paid what you are worth.
    There is a lot of employee turnover.

    Advice to Senior ManagementA high-level person with a new perspective might be incredibly beneficial (external perspective).

    No, I would not recommend this company to a friend

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