GEICO - Young person @ old school company | Glassdoor
There are newer employer reviews for GEICO
There are newer employer reviews for GEICO

See Most Recent

Helpful (1)

"Young person @ old school company"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Systems Engineer in Chevy Chase, MD
Current Employee - Systems Engineer in Chevy Chase, MD
Doesn't Recommend
Disapproves of CEO

Pros

- Profit Sharing (Each year...we calculate rate of growth and its distributed as an annual bonus to your 401K as well as a cash payout. The average is around 20%. Take your salary...take 20% or whatever the magic number is...and thats the bonus. The first 10% goes into your 401K...the rest comes to you (after Uncle Sam) in a check)
- Job Stability...people will always need insurance. GEICO never lays people off...you may get fired though :-).

Cons

- Old fashioned (We're one of those companies that doesn't change things since this is the way things have always been done)
- Aesthetically challenged (We have had issues with rodents due to construction taking place nearby)

Advice to Management

- Allow telecommuting
- Allow Alternative Work Schedule

With high gas prices...it's either raise salaries or allow alternative methods to work (for people whose jobs can be flexible/performed from home).

Other Employee Reviews for GEICO

  1. Helpful (1)

    "Conservative company"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Engineer in Chevy Chase, MD
    Current Employee - Systems Engineer in Chevy Chase, MD
    No opinion of CEO

    Pros

    If you are looking for something stable and doing the bear minimum of showing up on time and completing routing tasks then you can work for this company for ever whether rotating or posting out to different jobs within departments or regional offices. Pay scale is not even average however, with their yearly bonus profit-sharing plan, salaries come up close to average.

    Cons

    Old school and old fashioned. Top managers and directors who have been with the company since they were teenagers drives the company in their own set ways. There is no proper planning in research and development and where techincal infrasture are heading. Managers and directors drive or dictates what systems are needed for their applications. As a result there are a number of products/software that are essentially doing the samething. Millions of dollars are recklessly spent acquiring duplicate software that is not useable and cannot be leveraged with any other application. Upward movement with Geico depends on either the individual is aggressive at searching for opportunity or simple you have to know the right person to network.

    Advice to Management

    Train young employees and offer them opportunity for advancement. Look at your emerging leaders program. Most of the guys leave simply because other companies recognized their skills and offer them more, not just money.


  2. "GEICO's got a great corporate culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in Chevy Chase, MD
    Current Employee - Specialist in Chevy Chase, MD
    Recommends
    Approves of CEO

    Pros

    The corporate culture -- there's a lot to do to get involved! Sports teams, volunteer opportunities, contests, parties, lunch and learn sessions, personal development sessions, pilates and yoga, cultural events.

    Cons

    I work at the corporate office (not in a sales, customer service or claims position), so my experience is way different than others. The DC office is an old building and not tastefully decorated. And if you get there late you might not have a good parking spot. But other than that ... it's a real good place to be.

    Advice to Management

    To create more mentoring programs for high potential associates.

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

See Most Recent

Work at GEICO? Share Your Experiences

GEICO
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or