GEICO Compensation FAQ

Read what GEICO employees think about their compensation at the company.

GEICO has a compensation and benefits rating of 4. If you want to know how much GEICO employees make, head to their Salaries page to see a list of salaries per occupation, along with bonuses.

All answers shown come directly from GEICO Reviews and are not edited or altered.

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9 English questions out of 9

May 2, 2021

What is the salary like at GEICO?

Pros

Great Leadership, amazing Profit Sharing program, Great training

Cons

pay is lower than other companies, no matching 401k, no pension

Advice to Management

Offer a pension to keep employee loyalty

pay is lower than other companies, no matching 401k, no pension

May 2, 2021

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January 23, 2021

Does GEICO offer a weekly bonus?

Pros

Pay... flexible... raises and bonuses are available... able to transfer depts after 6 months... can transfer to different locations with same pay... opportunity for upward mobility.... shift bids... benefits are okay.

Cons

Customers can be rude... trainers will leave questions unanswered... trainers will avoid sup calls... training needs improvement... system application isn't the most efficient... there should be departments available for certain customers calls that are not in place (i.e. billing department)... unrealistic call/productivity goals... focus is more on rushing the customer off the phone instead of taking time to resolve issue fully... benefits could be better.

Advice to Management

Specifics that are applied on the floor are not explained at all or emphasized in training... there should be a billing department for billing calls and Application department for program/app problem calls... beside work hours, different training classes should have the same privileges... employees who do not have all their credentials/licenses should be rated differently for productivity and quality... more realistic productivity goals.

Pay... flexible... raises and bonuses are available... able to transfer depts after 6 months... can transfer to different locations with same pay... opportunity for upward mobility.... shift bids... benefits are okay.

January 23, 2021

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March 28, 2019

Does GEICO offer a monthly bonus?

Pros

Friendly employees Flexible schedules Profit sharing

Cons

Unreasonable monthly goals Horrible promotion process

Unreasonable monthly goals

March 28, 2019

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October 30, 2020

What are other benefits and incentives like at GEICO?

Pros

compensation and benefits good, work from home if eligible

Cons

close productivity monitoring by management, feeling of lack of job security present, office politics make for uncomfortable environment at times, employee safety made into a reward for good metrics instead of a given

compensation and benefits good, work from home if eligible

October 30, 2020

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March 12, 2020

Does GEICO offer a yearly bonus?

Pros

Geico offers very good health benefits and the employee contribution is low considering how expensive it is per month. They also have an annual bonus, of which 10% is contributed to your 401k plan and the rest is given a cash bonus. However, Geico does not match employee 401k contributions.

Cons

The workload is overwhelming for what you are required to do. Turnover is high. They keep saying it will get better, but it never does. You are graded on a metric system that seems to change quite often and can be vague. How you are scored depends greatly on your supervisor because there is no "across the board" measurements for supervisors. You are lucky to receive your monthly scores in a timely manner. If you dispute a score, it seems you are either put into a "we'll look into it" cycle that never ends, or it becomes a big deal to overturn it. There is no taking into account being a team player, positive attitude, or even coming to work on time. So, it can become a numbers game, instead of trying to do what's right for one's team and customers. There is a lot of cronyism involved in promotions and scoring.

Advice to Management

Listen to employee concerns. Supervisors, please don't hold meetings just to talk about what employees are doing wrong. Motivate them! Sit with them and discuss how they are doing. And to corporate, please rethink your metric system.

They also have an annual bonus, of which 10% is contributed to your 401k plan and the rest is given a cash bonus.

March 12, 2020

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9 English questions out of 9