Federated Insurance

www.federatedinsurance.com
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Federated Insurance Reviews

Updated April 3, 2015
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Employee Reviews

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  1. The people make this company an alright place to work

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

    I worked at Federated Insurance full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Flexible working schedules
    People are great
    Extensive training program
    Benefits on par with other companies
    Gym facilities
    Pension plan
    Management support (with the right managers)
    Community involved company

    Cons

    Very one track career oriented company
    Takes some time for promotions or promotions seem to be "given away"
    Pay lower than major cities
    Located in a smaller town
    Very formal company
    Strict procedures/Very set in their ways
    Not very progressive in business/technology
    Upper management will always be from a marketing/sales side of the company

    Advice to Management

    Be open to new ideas for doing things within the company. Expand your horizons. Invest time and energy in new views/ways of doing things to attract people.

  2. 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.

  3. 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.

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  5. 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

  6. 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

  7. Great company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Account Underwriter in Owatonna, MN
    Former Employee - Business Account Underwriter in Owatonna, MN

    I worked at Federated Insurance full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    The company invests a lot in your personal and professional growth. Benefits are very good!

    Cons

    Culture may be a little resistant to change.

    Advice to Management

    None

  8. Former risk consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Consultant
    Former Employee - Risk Consultant

    I worked at Federated Insurance full-time (More than 5 years)

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

    Pros

    They had wonderful training program for inexperienced new employees (from what I understand this has been disbanded in the past year) They have clear expectations for production.

    Cons

    They have let go half of their Field Services Department and that has caused larger territories with more production expectations on all consultants. With the layoff of experienced employees, some close to retirement, their loyalty to employees is questionable.

    Advice to Management

    Raise salaries to industry standards, keep a consistent marketing plan, and reduce territory sizes. A former Risk Consultant should be in upper management to advocate for employees.

  9. Great culture!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Field Services in Cleveland, OH
    Former Employee - Field Services in Cleveland, OH

    I worked at Federated Insurance full-time (More than 5 years)

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

    Pros

    Management is engaging and takes the time to know you as a person. The training program is excellent!

    Cons

    Federated has a long formal hiring process.

    Advice to Management

    It was a pleasure working for you!

  10. Always high in price, very little supervision or support

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Representative
    Former Employee - Marketing Representative

    I worked at Federated Insurance full-time (Less than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    Little supervision, good pay, this is a strong company, with good leadership at times

    Cons

    The way they pay you does not make you feel like you make the amount of money they tell you you're making. The 2 week program holds you at a huge disadvantage, you learn as you go which puts you in awkward positions and leaves you floating with no answers at times. This job will take you years to get in the door with larger accounts. Boring and lonely at times, you need to be passionate about insurance to get involved here.

    Advice to Management

    Need to be easily accessible and welcome to answering even the questions that you think employees should know, because the training is not that great unless you go through the 9 month training.

  11. Good Experience

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

    I worked at Federated Insurance full-time

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

    Pros

    Promoted within and descent salary/bonus structure and training was good.

    Cons

    Too much emphasis on life insurance, changed from a long term career organization to turnover driven cost reduction process.

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