Pros
Gainshare is a yearly bonus, the pay out is 0.08 of your yearly salary multiplied by gain share factor. The gain share factor is determined by company profits. For the past two years the factor has been right around 1.96. So for example if your salary is 48500, the rate is 0.08, the factor is 1.96 you’ll multiply everything to get the amount that comes to a total of 7604. 75 percent of that paid in December and other 25 percent in January
Cons
Poor training Micromanaged No overtime High Case Load Undervalued Overworked Under Paid Easily Replaced Opinion doesn’t matter My best advice is to get the experience at progressive for claims and take to another company. Once you get experience in claims, to make good money you must become independent adjuster because big commercial companies like progressive, Geico and Liberty Mutual want to maximize work load but minimize salary. The salary is set at the beginning so you can’t get overtime if you need it they will lie in the interview but when you ask they will say you are not working efficiently. the salary with progressive was on a take it or leave basis. Don’t let this job stress you out