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 2020 Agency Salary Survey 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.
Take the 2020 Agency Salary Survey Now
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 2020 Agency Salary Survey 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.
Allstate Reports $731M in Q1 Pretax Catastrophe Losses 
Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’ 
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
California Sees Two More Property Insurers Withdraw From Market 
