Federated Insurance - Old timers | Glassdoor
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There are newer employer reviews for Federated Insurance

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Helpful (1)

"Old timers"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Risk Analyst in Owatonna, MN
Former Employee - Risk Analyst in Owatonna, MN
Doesn't Recommend
Neutral Outlook

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

Pros

Great training program, family atmosphere. Good town to raise a family (Owatonna). A lot of nepotism and cronyism (positive if you are a Buxton).

Cons

Old boy network, Jack Welch management model (get rid of bottom performing 20% of employees whether warranted or not). Limited fresh ideas, co-signers in upper management. Limited promotion ops and functions on lower end of pay range. Manages by intimidation.

Advice to Management

Fresh ideas and fresh upper management.

Other Employee Reviews for Federated Insurance

  1. Helpful (3)

    "Friendly Office Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Account Underwriter in Glendale, AZ
    Former Employee - Business Account Underwriter in Glendale, AZ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Benefits, Fair Salary, Excellent Management, Friendly Coworkers

    Cons

    Location on westside isn't for everyone

    Advice to Management

    Don't change a thing. Management has excellent communication with employees, always worked towards positive solutions for everyone.


  2. Helpful (2)

    "Very poor place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims in Owatonna, MN
    Former Employee - Claims in Owatonna, MN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Federated Insurance full-time (More than 10 years)

    Pros

    Many very excellent employees - small town atmospere - great town to raise kids. Good (not great)benefit package overall.

    Cons

    Culture is toxic - leadership is by fear and intimidation rather than by inspiration. There is no opportunity to rise to the senior management level for Underwriters, Claims Adjusters, HR, IT, Loss Control etc... as all major functions are headed by a Marketer or former Marketer. Employee's are viewed as a liability vs. an asset even though lip service is give to the latter concept. No true innovation is possible as senior managemt will broker no opinions or views different than their own - their attitude is "my way or the highway" (and they mean it!). Very poor communication from the top - no accountability to the owners of this "Mutual Company" who are the policyholders.

    While starting pay is on par with the competition, salary increases are difficult to obtain and measly at best. Bonus' are very small for this wealthy of a company except to a very few (senior management and a select few favorites). Lot's of cronyism and favortism - very much the typical "good old white boys club". In this organization, raises and promotions rely much more on "playing the game" and who you know than how hard you work or how good you are at your job. Performance evaluations are completed on the Jack Welch model (get rid of 10-20% each year) which is fine in a production setting where productivity is easily objectively measured, but does not work well in a company where most of the measurement is subjective (major catagories of the yearly performance review are "Passion" and "Energy" - how can you even begin to objectively measure that!). Managers of even the smallest units are forced to designate someone as "needs improvement" (a professional death sentence) without regard to whether that person exists or not.

    Advice to Management

    Internal company Board of Directors members should be replaced with external independent & objective members who will truly hold senior managment accountable and improve communications with the policyholders who "own" a mutual company as well as the employees. Add senior managment members from outside the organization to reduce cronyism and favortism and allow true innovation to ocur without fear of repercussion. Treat employee's as the "asset" they are instead of simply paying lip service to this concept.

There are newer employer reviews for Federated Insurance
There are newer employer reviews for Federated Insurance

See Most Recent

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