Related Posts
Pro
Mentor
Does Coforge pays the Variable full?
Hi All, I have completed all rounds with Cognizant Softvision, documentation is also done, offer letter is to be released. Now I have a problem, I told them that I can join within 20-30 days but my company is not releasing me before 3 months. Will they cancel my offer for Notice period or will they hold and wait for 3 months notice period. anyone in same position ever, please help. Any suggestions to handle this problem are also welcome. Cognizant
More Posts
Pro
Conversation Starter
Thirsty fish, who’s in NYC this week? :)
It’s Father’s Day, but my dad won’t speak to me.
Additional Posts in Insurance
Has anyone heard of Steadily Landlord insurance?
I will be finding out soon what my company is doing. Compensation talks are next week. We are losing UW left and right and our HR person disclosed to me someone left for 30% more recently. Then guess what? The HR person just resigned too!! Lol not a promising sign
One technique that companies like Axa are using is what they call graduate programs and/or career plan.
Basically they take some junior and gives them a perspective of evolution and rise in the salary every year.
I think the best way to keep with our needing to pay a +30% / 50% is to pay executive education, plus you’ll actually have a more qualified underwriter ;)
This is definitely happening left and right! My company seems to be doing literally nothing. There are also retirements happening as well. Compensation discussions didn’t cover the inflation rate so I’m sure people will leave. Return to office was also announced which l know people will leave for too because some of the larger carriers don’t understand work life balance
This has been my experience too. My company doesn't have any short term plan of increasing salaries for inflation and they are having us return to the office 2x a week. I'm interviewing for a competitor: 25% salary increase and they offer work from home or work in the office at my discretion. It will be hard to turn down if they make me an offer.
Not an UWR, but an investment manager in the Finance function. This range of increase is apparently being offered by prospective employers across the board. In my mind, it is similar to the 'price walk' penalty that loyal customers pay for not shopping around periodically in P&C insurance.
I took the external recruiter indications of 30-40% more to my annual review and said that I'd like to see it matched without having to leave. Got a 20% hike as my manager knew I was being underpaid compared to market.
What's the worst? Get nothing and switch companies where you will be valued accurately on comp. Always ask for what you know is your market comp because very few managers/employers will voluntarily give it. I would have probably been 2-5 years behind if I didn't.
I think that’s the market in general, especially for white collar industries. I know several underwriters, brokers, account managers, and even attorneys who have recently changed companies for 40-50% increases. Some of them also have more flexible work arrangements and/or less of a workload.
How does one get into UW. I have been an account manager for CL for years and growing tired of placating to bad producers.
Senior group underwriting consultant here. I've been approached by head hunters more frequently in the last 6 months than ever before. I'm currently interviewing for another insurer and I am hoping to get about a 25% salary increase. I'd be losing a defined benefit pension plan though.