GEICO - A stable company with some management quirks. Upward mobility is almost limitless; if you work hard you will do well. | Glassdoor
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There are newer employer reviews for GEICO

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"A stable company with some management quirks. Upward mobility is almost limitless; if you work hard you will do well."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Systems Team Lead in Chevy Chase, MD
Current Employee - Systems Team Lead in Chevy Chase, MD
Recommends
Positive Outlook
Approves of CEO

I have been working at GEICO full-time (More than 10 years)

Pros

Upward mobility - almost every position is posted internally first
Benefits - Excellent health plans (but vision coverage is lacking)
Profit Sharing
Solid Financial Stability

Cons

Some policies are outdated -- no real telecommute policy, many things are micromanaged too far (expense reports being rejected because you do not have a receipt for coin operated laundry is silly).

Advice to Management

Put more effort into respect for all associates, and IT related initiatives need more attention to remain competitive (a lot of the IT directors were the same IT directors 10 years ago -- look to rotate some of these responsibilities, and not just between the same directors).
C-Level management is top notch at GEICO, but some of the directors are not nearly as effective.

Other Employee Reviews for GEICO

  1. "Great stability, but do a lot more with a lot less"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Manager in Chevy Chase, MD
    Current Employee - Manager in Chevy Chase, MD

    I have been working at GEICO full-time (More than 8 years)

    Pros

    Excellent stability; even through a bad economy, geico continues growth and is able to provide profit sharing to its employees
    Good place to start careers; young college grads are trained and offered additional education to help develop them into more knowledgable employees.
    Geico is embracing technology.

    Cons

    Old meets new; many people stay for a long time and hesitant to change, making it frustrating for younger workers.
    Salary; salaries are low in comparison to other industries.
    Environment; building and furniture are very old and outdated.
    Work location; no work from home or hotelling accommodations.
    Staffing; people make the company, but it is too difficult to get the staff you need to perform well in staff departments.
    Rewards for hard work; annual merit raises are too limited, making it difficult to adequately reward your staff for their tireless effort.

    Advice to Management

    Update your management policies to allow work from home programs. Try to better understand the resource needs of staff departments better. Upper management places the emphasis on insurance staff and doesn't seem to respect the essential needs of staff departments. People are getting very burned out and will leave when the economy picks up.


  2. Helpful (4)

    "Sweatshop."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Tucson, AZ
    Former Employee - Underwriter in Tucson, AZ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    There is decent pay, and excellent benefits. Fairly thorough training and lots of feedback, you don't have to pay your own licensing fees.

    Cons

    First, the pay is decent for the area, but not worth the volume of work you're given or the draconian standards you're held to. Every other insurance company offers less stressful and higher paying work in the same industry.

    The performance goals start reasonably enough, but every time you exceed those goal, that is then made the standard. If you continue to do well, the standard continues to increase until the best you can do is average or slightly under, which they then use to justify giving you the bare minimum raise, or worse---no raise at all.

    Their idea of promoting within is to give someone a lateral "promotion" wherein they are doing the jobs of their supervisors for the same pay they were getting before, then they "rotate" you back into your original position occassionally, essentially to show you that the job you were doing was a privilege to be granted and removed by the company. After years of doing this, if you're lucky, you get granted a promotion, and in most cases get a marginal pay increase for your troubles.

    The sole goal of this company is growth, not the care of their policyholders or their employees. In order to advance in any meaningful way you have to take classes like "Getting Results Through People" where they specifically train you on how to manipulate your underlings into not feeling too good about their performance so you can justify holding off raises. There's also a class called "Winning Attitudes" for the underlings to essentially tell them all "keep your mouth shut and your head down, and if you have a problem with that we offer four free telephone emotional counseling sessions to help you with that". This place is a death trap. I got out, and unfortunately my fiancee is still there---it's making us both miserable.

    Advice to Management

    Look in the mirror, and figure out how you live with yourselves.

There are newer employer reviews for GEICO
There are newer employer reviews for GEICO

See Most Recent

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