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GEICO

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GEICO

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GEICO Employee Reviews about "profit sharing"

Updated Jan 21, 2021

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Found 871 of over 6K reviews

3.4
57%
Recommend to a Friend
81%
Approve of CEO
GEICO CEO Todd Combs
Todd Combs
607 Ratings
Pros
  • "Wonderful benefits Profit sharing bonus(in 822 reviews)

  • "great benefits great company great service(in 509 reviews)

  • Cons
  • "No work life balance or work from pre COVID-19(in 240 reviews)

  • "Difficult to advance, Micro managed(in 158 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of GEICO and is not affected by filters.

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    Reviews about "profit sharing"

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    1. 5.0
      Current Employee, more than 5 years

      Analyst at GEICO

      Jan 14, 2021 - Compliance Analyst in Fredericksburg, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible Schedules, Profit Sharing, Remote opportunities, Promotion opportunities

      Cons

      Not all Departments are created equally

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    2. 3.0
      Current Employee

      Micromanaged, High Turnover, Integrity

      Nov 30, 2020 - Sales Associate 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pays well once you know what you’re doing. Good benefits. Profit sharing.

      Cons

      You’ve seen already and you’ll read it again. Micromanaged like crazy. Especially during the pandemic. You’d be surprised how many people have left the company...and we are talking senior associates and supervisors (some with 10-20 yrs experience). I couldn’t believe it. Sales also has a problem with integrity, as do most other insurance companies. Once caught, they get terminated, but their integrity can affect everyone’s metrics, and management doesn’t seem to fix that. Metrics...wow let me tell you. You wonder why there is such a high turnover. Good lord. I’ve been here for a while and getting sick of it. More and more and more. Burnout. It doesn’t stop. And with doing more, they don’t accommodate your metric that is responsible for time spent while on the phone. It is a never ending battle of management/supervisors changing constantly. Supervisors especially have been dropping like flies or getting fired recently. But most tenured agents will tell you the same thing I am, and most new agents will tell you the opposite. Take it with a grain of salt.

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      1 person found this review helpful
    3. 3.0
      Current Employee, more than 5 years

      auto damage

      Sep 19, 2020 - Auto Damage Adjuster in Columbus, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good pay good benefits. Company car with gas card. Profit sharing. Most other departments are great and provide hands on training for the job

      Cons

      terrible communication with departments on job responsibilities. Everyone isn't on the same page one supervisor can tell you you're suppose to something one way then the next supervisor tells you something different for both company rules and state government rules. Other departments pawn their work off on you and Geico mentality isn't to fix the problem but put a bandaid on it and have you figure it out and not send it back to said department. Which promotes more workload pawning to the point where people forget whose responsibility the job was in the first place. Geico will also phase out departments and add that responsibility to the adjusters but not increase pay. If you're going to increase the workload by getting rid of important departments at least pay the people who now have the additional responsibilities and workload.

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      1 person found this review helpful
    4. 3.0
      Former Employee, more than 5 years

      Balanced but Unbalanced

      Nov 3, 2020 - Payment Recovery Adjuster in Macon, GA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pay Benefits Profit Sharing Great coworkers (and some supervisors)

      Cons

      Unreasonable performance demands Experienced employees are not valued Work-life balance does not exist

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      2 people found this review helpful
    5. 4.0
      Former Intern, less than 1 year

      Good leadership experience

      Dec 11, 2020 - Business Leadership Summer in Renton, WA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      leadership presentations, supportive and fun culture, profit sharing, benefits. If you want to work hard for the company, they will let you grow within.

      Cons

      Micromanaging, schedule can be on the weekends for full time associates, glorified call center environment. They are very cheap with spending money on office supplies because they run their company lean.

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    6. 2.0
      Current Employee, more than 5 years

      They do profit sharing

      Dec 28, 2020 - Sales Associate in Poway, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Merit raises, profit sharing and training

      Cons

      Sales based on incoming calls. You will be in different gates to receive different call types and have to wait. When you first start you are put in the slowest call gate. Some days you will get only 3 calls in an 8 hour block. If you do not sell them all you can hurt your numbers. The numbers on rated on call type, state, and driving record\company placement. You can have a 58% closure and be a 1 out of 5. I’ve never seen it. Then they will give you 30 days to improve then let you go.

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      1 person found this review helpful
    7. 2.0
      Former Employee

      GET IN, GET A NEW JOB, GET OUT!

      Aug 27, 2020 - Customer Service Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Pay - Profit sharing - vacation days - downtime inbetween calls

      Cons

      There are many downsides to working with GEICO. My best advice is to get hired, find a new job and quit as soon as possible. The customers are annoying, rude and condescending most of the time because of various reasons out of your control. management was just asinine. overall, the job will burn you out. You will start to use your vacation days more often. Whats even worse is GEICO's metric system. CPD, Quality, surveys and retention will be your biggest nightmare. Surveys are just completely out of your control. If a customer doesnt like what you told them, it doesnt matter how nice you were. You're getting a bad survey. One bad survey can mess up your entire overall number for the month, and if you fall below a 3/5 for more than 2 months, you're getting sacked. It will make you stress out about calls that happened a week ago because they dont post new metrics until the next week, So instead of relaxing while you're off of work, you're contemplating if your surveys, quality of retention will go down. overall, just start looking for a new job after a month or two.

      4 people found this review helpful
    8. 5.0
      Current Employee

      Drive and hustle required

      Dec 8, 2020 - Auto Damage Adjuster 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great starting salary, annual merit, annual profit sharing, 401k, full insurance (medical, dental, eye), paid parental leave, room for growth, fast promotion (if earned)

      Cons

      Constant hard work that never stops

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    9. 4.0
      Former Employee

      Good Company

      Jan 21, 2021 - Insurance Specialist in Poway, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Variety of Schedule Options/Profit Sharing

      Cons

      Hiring you to be a service agent but having to also upsell other products

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    10. 4.0
      Current Employee

      former

      Jan 19, 2021 - Insurance Agent 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good pay, great benefits, cool events . profit sharing

      Cons

      stressful environment , horrible schedule, very strict call out/sick procedures ( write ups)

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    Viewing 1 - 10 of 871 Reviews

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