CULTURE

CULTURE

Company culture is increasingly important, especially as many employers have been forced to take their workforces remote due to COVID-19. Encouraging collaboration, open dialogue and constructive feedback, along with accommodating life obligations outside of work, are all hallmark features of this year’s Top Insurance Workplaces, which boast an average retention rate of nearly 90% (up from 83% last year). Many employees praised their companies for being “warm and welcoming” or “safe and inclusive” with a focus on maintaining a healthy work-life balance.

Now more than ever, flexible work options are worth their weight in gold. The majority of Top Insurance Workplaces have some form of flexibility, but the pandemic has forced many to expand those offerings. One organization said it has always offered flex time and the ability to work from home, but “given that 2020 has been rather . . . unique, [we have] quickly adapted to ensure our employees have access to whatever they need to stay healthy happy and productive during these strange times.”

To further ensure their employees’ overall health, many Top Insurance Workplaces offer extra health and wellness benefits, from free fitness trackers and company-wide fitness challenges to on-site offerings like yoga, healthy snacks and nutrition lunch-and-learn sessions.

Nearly all of this year’s Top Insurance Workplaces also prioritize charitable giving – many support their local communities, offer paid days off to volunteer, or sponsor a scholarship for students or a charitable outing or event. One company even combines wellness incentives with charitable giving, donating $5 to charity for every workout completed by an employee.

What’s your employee retention rate?

Fewer than 99 employees: 92%
100 to 499 employees: 73%
500+ employees: 88%

 
Does your organization offer wellness programs or incentives?

Fewer than 99 employees:

Yes: 77%
No: 23%

100 to 499 employees:

Yes: 92%
No: 8%

500+ employees:

Yes: 50%
No: 50%

 
Does your organization support any community or charitable organizations?

Yes: 97%
No: 3%

 
Does your organization partake in team-building and/or leisure activities?

Yes: 97%
No: 3%

 
Does your organization offer any flexible work options?

Fewer than 99 employees:

Yes: 100%

100 to 499 employees:

Yes: 100%

500+ employees:

Yes: 100%

 
Does your organization have employee recognition programs/awards?

Yes: 86%
No: 14%

 
Does your organization have family-friendly benefits or programs?

Yes: 86%
No: 14%

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