The Lockton Companies Reviews

Pros

Good experience, challenging, something new everyday, many opportunities for growth and encouraged to grow. Experience depends on the unit and department you work for. Training and development are focuses and can be helpful but opportunities to apply may get easily drowned out with work during the day.

Cons

It takes a long time to move up because the industry is so complex. The pay for entry level positions doesn't always meet the stress/demands of the job. Very professional atmosphere and feel it to be uptight for the younger crowd but nice people. Be prepared to work hard and for a few years before moving up and getting paid adequately for the work you put in.

Advice to Senior Management

Great leaders and development but overall, driving the young crowd away with less than competitive pay for what are considered general/entry level positions. Same pay could be found for less stressful entry level positions elsewhere.

Pros

Sales driven, growth oriented, high energy

Cons

Work /life balance is a challenge.

Pros

Quarterly meetings are held to let the employees know how the company is doing financially, so expectations are managed where raises/bonuses, etc. are concerned and they are always upfront about that. They care about their employees and understand when personal situations come up and time off needs to be taken unexpectedly.

Cons

There are career paths for advancement within the organization, but no direction or help from upper management to help you achieve these goals. The annual reviews are not done in a timely manner and, when they are done, they are not really "reviews" to help you know where your strengths and weaknesses are, but just something to turn into HR, so you can say you've had your annual review.

Advice to Senior Management

Help your employees succeed and move up within the company by working recognizing their strengths, helping them improve their weaknesses, and following through with career paths for advancement that have been put in place.

Pros

Workplace culture is driven to win but we have fun, and though there is adequate stress it is not overbearing. It's good to grow at one of the most reputable companies in the industry.

Cons

It seems as though there are limited paths for advancement if you are not interested in sales or being an account manager. The two paths present themselves as rather cookie cutter, uninteresting, and monotonous.

Advice to Senior Management

Utilize the exuberance available in the educated youth you are hiring to modernize and better your operations and efficiencies. It'll retain young talent and help the company win.

Pros

Very fast paced environment that allows for growth and opportunities within career.

Cons

For being a benefit consultant; the benefits are not the best, but a full offering of benefits are provided.

Advice to Senior Management

Keep up the great Job!

Pros

great work-life balance,relaxed culture, great people

Cons

low pay compared to competitors

Advice to Senior Management

none...

Pros

Good Pay. Entreprenurial but maybe too much?

Cons

Poor management....little consistency from office to office

Advice to Senior Management

Not enough consistency among locations

Pros

Growing company. Challenging work and great coworkers. Company is positioned nicely to compete with our brokerage/ consulting houses. Consistent management team results in consistent work environment.

Cons

Poor work/life balance. Very little flexibility for work from home or flexible hours. Always behind on backfilling positions so employees regularly work 60+ hours.

Advice to Senior Management

Recommend getting ahead on hiring and modernize flex/ work from home philosophy. You cannot continue to compete for talent unless you evolve

Pros

Most resources, flexibility, ability to serve clients and total compensation. Clients come first and the whole organization is focused on serving them.

Cons

Lockton producers are partners instead of sales people. Thus, we have more responsibility than other brokerage firms, and we have to pay our own expenses.

Advice to Senior Management

Remain nimble. Keep focus on client service. Allow principles to evolve with new organizational realities (larger business, different challenges). Stay private!

Pros

Great company with energetic and fun company culture make it a dynamic place to work. Lots of room for career growth and professional development. Certifications and continuing education in the insurance field paid for and rewarded with bonuses. Highly recommend working here, and look forward to many more years here.

Cons

Medical benefits are not very competitive when compared to other companies of this size and caliber.