<em>Business Insurance</em> recognizes 2014 Best Places to Work in InsurancePosted On: Sep. 28, 2014 12:00 AM CST
The insurance industry is always on the hunt for talent, and providing a great place to work is a key factor in attracting and retaining the brightest prospects. In this special report, Business Insurance honors a record 75 employers that have created an environment in which people thrive and enjoy their work, making the companies the 2014 Best Places to Work in Insurance.
Companies recognized this year fall into three categories — large employer, medium employer and small employer — in the industry segments of benefits brokers and consultants, claims managers, group life/health insurers, property/casualty insurers, retail agents/brokers, reinsurance brokers, reinsurers and wholesale brokers/managing general agents.
The winners were chosen based on a two-part survey conducted by Harrisburg, Pennsylvania-based Best Companies Group that relied heavily on employees' engagement and satisfaction with the fringe benefits, workplace experience and company culture.
Insurance-related organizations with at least 25 employees as of June 30 were eligible for the recognition.
For companies that already are a great place to work and those that want to find ways to boost employee morale and productivity, profiles of this year's winners of the Best Places to Work in Insurance will offer strategies that have made them desirable workplaces.
6-15 All Medium Employers
6-54 All Small Employers
This special report on the Best Places to Work in Insurance recognizes employers that have proven they know what it takes to create an environment where people love to come to work.
The Best Places to Work in Insurance program was open to all publicly or privately held insurance-related organizations that had at least 25 employees working in the United States as of June 30.
The 2014 Best Places to Work in Insurance awards were selected in three size categories:
• Large employer with 1,000 or more employees
• Medium employer with 250 to 999 employees
• Small employer with 25 to 249 employees
The awards have been given to organizations that fall into eight insurance industry categories:
• Benefits brokers and consultants
• Claims managers
• Group life/health insurers
• Property/casualty insurers
• Retail agents/brokers
• Reinsurance brokers
• Wholesale brokers/managing general agents
Identifying and recognizing these industry leaders is a joint effort of Business Insurance and independent research firm Best Companies Group.
Harrisburg, Pennsylvania-based Best Companies, which specializes in workplace research in the United States, Canada and the United Kingdom, managed the survey process for the Best Places to Work in Insurance.
Best Companies managed the registration, conducted the two-part survey process, evaluated the validity of the data and chose the companies that have made the 2014 list of the Best Places to Work in Insurance.
Part 1 of the assessment consisted of Best Companies' employer questionnaire to collect information about each company's benefits, policies, practices and other general information. This represented 25% of an organization's overall evaluation.
Part 2 of the assessment involved a confidential 76-question employee engagement and satisfaction survey to evaluate the employees' workplace experience and the company's culture. The employee score made up 75% of the company's overall evaluation.
When combined, the two sets of data allowed the Best Companies experts to make in-depth analysis of the strengths and opportunities that exist in each company. After verifying the data for factors that included the completeness of employer responses to the survey, minimum required employee response rates and data anomalies, as well as employer and employee comments, Best Companies' experts chose the winners and determined their rank.
While participation in the program was free, each organization had the opportunity to purchase Best Companies' employee feedback report summarizing the employee data and comments that were collected through the survey process.
It also included insurance industry benchmarking data from the participating companies to allow firms to better understand their workforces and potential improvements that could be made.
More information is available at www.BestPlacesToWorkINS.com or toll-free at 877-455-2159.