GEICO

www.geico.com
There are newer employer reviews for GEICO

 

Young person @ old school company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Systems Engineer in Chevy Chase, MD
Current Employee - Systems Engineer in Chevy Chase, MD

I have been working at GEICO

Pros

- Profit Sharing (Each year...we calculate rate of growth and its distributed as an annual bonus to your 401K as well as a cash payout. The average is around 20%. Take your salary...take 20% or whatever the magic number is...and thats the bonus. The first 10% goes into your 401K...the rest comes to you (after Uncle Sam) in a check)
- Job Stability...people will always need insurance. GEICO never lays people off...you may get fired though :-).

Cons

- Old fashioned (We're one of those companies that doesn't change things since this is the way things have always been done)
- Aesthetically challenged (We have had issues with rodents due to construction taking place nearby)

Advice to ManagementAdvice

- Allow telecommuting
- Allow Alternative Work Schedule

With high gas prices...it's either raise salaries or allow alternative methods to work (for people whose jobs can be flexible/performed from home).

Doesn't Recommend
Disapproves of CEO

958 Other Employee Reviews for GEICO (View Most Recent)

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  1.  

    Geico is a great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Supervisor in Fredericksburg, VA
    Current Employee - Supervisor in Fredericksburg, VA

    I have been working at GEICO

    Pros

    Excellent promotion oppertunities. Owned by Warren Buffet, so it will have a great future. Most co-workers are a pleasure to work with. Close to home. Down to earth supervisors and MOST are easy to get alone with.

    Cons

    Very fast pace, constant change which really fustrates the associates on the front lines. (call center)
    If you are in the call center it is very hard to get time off. You usally can not take time off at the last minute. Due to Geico needs a certain amount of adjusters on the phone at any given time. You really have to pre-plan your time off. You also have to work every other weekend.

    Advice to ManagementAdvice

    Continue to listen to your employees when they voice their opinions. Compair Region 5's salary to the cost of living. Exspecially with the RISING gas prices.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Before you make your decision, carefully consider: What do I want from my employer?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Actuarial Associate in Washington, DC
    Current Employee - Actuarial Associate in Washington, DC

    I have been working at GEICO

    Pros

    GEICO has a great working atmosphere. The best reasons for working at GEICO are the people. Most of the associates at GEICO are proud to be there, and it is also nice to work for such a recognizable company. Profit sharing is also another big reason people would want to consider working for GEICO as when there is a good year, management thoroughly rewards all the employees. There have been years with profit sharing exceeding 25% recently. Again though, the best reason to work for GEICO is your fellow associates. There is a positive team-spirit that permeates the whole organization.

    Cons

    The main downsides of GEICO are that you may not get paid as well as you might at a other companies in the insurance industry. If you're lucky enough to be at GEICO for a good year, the profit sharing is likely more than enough to make up for the difference, but unfortunately, many of the factors going into the profit sharing decision at year's end are out of a large chunk of the associates' hands. In addition, if you are in the corporate headquarters in DC, you are going to be in a building that is quite old and has lots of problems. Also, some departments have high amounts of turnover, and this can lead to a lack of consistency at times in these departments.

    Advice to ManagementAdvice

    I would suggest that Senior Management consider revising a few of their policies regarding spending on making their headquarters a more pleasant place to work, and to consider investing more in compensation for the associates. When you are in a high cost-of-living area, people are only going to be able to resist the temptations of higher salaries from other companies for so long.

    Approves of CEO
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