Total compensation and salary adjustments on average fell slightly in agencies responding to the 2019 Agency Salary Survey – but that trend didn’t impact employee satisfaction.
On average, employee satisfaction with compensation overall rose again in 2018.
How will satisfaction with salaries and compensation rank today? Find out by taking the now.
Satisfaction over salary and compensation has ticked up in recent years for most agency employees, according to Insurance Journal’s exclusive survey results. Overall compensation satisfaction scored higher when agencies offered employee benefits, both hard benefits such has group health, dental coverage, profit sharing, pension plans, IRAs and flexible savings accounts and soft benefits such as childcare/day care, education reimbursement and paid family leave.
Employee benefit satisfaction ranked highest in the 2019 Agency Salary Survey when agencies offered added benefits such as a pension plans, profit sharing, education reimbursement, and paid family leave.
Overall, the 2019 Salary Survey revealed that insurance agency management, owners, principals, producers and support staff increased total compensation in 2018 but at a slower pace than the previous year.
What will the reveal? Find out by participating in this year’s Agency Salary Survey today.
For questions or comments, contact Andrea Wells at awells@insurancejournal.com.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Business Interruption Claims Arising From the Middle East Conflict 
