Do alot of other vendors have gain share or profit sharing?

like
Posting as :
works at
You are currently posting as works at

I have very rarely come across it

like

Profit sharing goes to our 401k and anything else we get in bonus whereas gain sharing at progressive is on top of what they match for your 401k. But they both are based in the performance of the company.

like

he main difference that I’m aware of is the gain share targets vary by position/level of responsibility whereas geicos do not (with slight variance by dept). Also the calculation is different in that progressives is a target multiplied by a factor ranging from 0-2.0.

For example as a director your gain share target could be 25%. The factor could be 2.0 based on company performance so you’d be paid 50%. Someone else might have an 8% target and get 16% (8 x 2.0)

As far as I know they’re based on similar Financial results (profit, loss, growth). Hope this helps!

like

It depends on the policy of the company. In our company, we practice a mixture of both.

Hello! We have profit sharing in our company. Do you have any question about it? I'd be glad to help.

More Posts

I’m a bariatric coordinator and an RN. I graduate with my MSN in executive leadership in December. I’ve always wanted to go into leadership. My CNO turned my current job into a “leadership” position. I feel like all of this was done in attempts to get me to “be quiet”. I feel so overlooked, and under appreciated. I’ve been a nurse for 8 years, and worked 7.5 years in high risk ICU. Where I was a charge nurse and a nursing house supervisor as well. Does anyone have any advice? I feel so deflated

like

Like for Pequods, laugh for Lou Malnati’s

likefunnyupliftingsmart

Anybody work at Recruitics before? I'm applying for a client strategist position and would love some insight. Also looking at Shaker or Radancy

What do you guys think about investing in palantir which ipo tomm?

like

How important is it to maintain your level, even if you get a pay increase? I'd have to downlevel for a new position I've been offered, but it's significantly more TC.

like
like

Anyone recruiting for Data Strategy roles?

like

Sent short memo to a partner and got a “Thanks. Interesting.”

Post Photo
likefunny

Anyone knows where to check promotion details which is eff from dec 1st ?

like

How difficult is it to find people in minorities who are interested in being police officers? Do departments just have a harder time recruiting them, or is it harder to get them to stay if they feel it hard to fit in with their colleagues?

like

I recently passed the CFE and was looking into the CAMS next. Any suggestions on how to best prepare for the CAMS? I’ve been mostly reviewing the index cards that come with the prep material.

like

For those who have purchased an expensive watch (Rolex, Omega, etc.), how much were you making and how much did you have saved up before you could rationalize the expense?

like

Thoughts on VW Tiguan?

funny

Feel like moving back to India for good, not enticed by the current lifestyle and limited social circle. Have been here for 12+ years. Pros and cons of moving back with family (wife + kids - under 5)?

like

Booz Allen peeps: I referred someone to Booz last year while I was employed there. The person had to wait for his polygraph before he could start at the firm. He finally started last week. Cont...

likefunny

Looking to buy a Tumi and heard that BCG has a 40% discount. Can anyone help me out with one?

like

Any fix and flippers in Chicago/Chicagoland area?

There are a few interesting choices here (Notably Denny's over In-N-Out in CA, and Bojangles over Cookout in NC).

What's the favorite fast food chain from your state?

(via Lights Camera Barstool)

Post Photo
likeupliftingfunny

Additional Posts in Insurance

Has anyone cashed out a term life policy? Any hiccups? What was your experience?

like

I was wondering what’s the usual pay rise one gets with a promotion as an underwriter. I am an associate underwriter due to get promoted to underwriter 1

like

Anyone worked with ThreeFlow before ? It’s a startup versus my current place which is a well established Fortune 100 company. Any tips if thinking too make the switch?

like

Do any insurance carriers have part time positions? I’ve been an underwriter for about 4 years, but have been contemplating staying at home with my kids. Part time seems like the perfect balance, just not sure if I can find that in this industry.

like

I am commercial lines broker and got a recent opportunity in underwriting. Shall i make the switch? Is underwriting a better career option?

like

Are any members of this group producers at an independent agency?

like

Interviewing for an assistant underwriting job, I meet all requirements except for knowledge of medical terminology and anatomy. I minored in forensic science so I’m familiar with medical terminology/anatomy but unsure if this will make or break my interview, they might be looking for medical professionals? Position has been up for over a year as they are unable to find a qualified candidate. Any advice?

like

I’m thinking about applying at WTW for a Senior Account Manager role in the Chicago office. How do referrals work at WTW? Also, I have 4 years of experience in group captive insurance programs as well as most ancillary lines on the broker side. Does anyone else have group captive experience and could provide some advice on best companies to move to where I can use that expertise? I want to move to a larger company since I’m at a small place with not much room for growth currently.

like

Hi!! If anyone here works for Axis, how do your titles work? I’m used to trainee (0-2 YOE), underwriter (2-4), senior underwriter (4+), then avp/executive underwriter.

like

has anyone left their employer for another company and then come back ? how did your workplace take this ? and how did you negotiate terms to come back ?

like

Any Insurance Broker Account Managers in Oklahoma (Health/Life/ Employee Benefits)? Would you be willing to share your salary information and any information about your work load/the amount of groups you manage and their size as well as your years of experience? I’m trying to determine if mine is comparable to what others receive. Thanks for any insight!

like

New to fishbowl and not yet sure how to maneuver through the app. Any suggestions or do’s/don’t s to share?

like

Hi, does anyone know the estimated salary for a Specialist Claims Operations Position with @Travelers Insurance?

like

What are most producers seeing for their commission % on NB? I have a base salary, so I am not straight commission- BUT I only receive commission on new biz, nothing on renewals/retention. My base is supported by managing and servicing an existing book of biz and the book I have started to build since moving into a more sales directed position.

likesmart

Looking to potentially switch over to a company that just got acquired by Acrisure. Im told Acrisure won’t be changing anything and that our jobs/duties won’t be in jeopardy. Does anyone have thoughts on this? I would be an Ops manager.

like

If you interview with a carrier but didn’t get the position, would you recommend applying again and if so how long should you wait to apply?

like

Looking for some feed back on Sedgwick. How is the pay for a senior claim specialist? Health Insurance ? Opportunity for advancement? Culture? Diversity?

like
like

Claims manager salaries - curious what claims supervisors/ managers are making out there. I manage a team of 8 adjusters and make 100 plus bonus fully remote. I feel extremely underpaid.

like

Anybody heard anything about what it’s like at SelectQuote? They’re promoting a work from home sales position.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal