MEMIC reviews

4.2

71% would recommend to a friend

(24 total reviews)
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Michael Bourque

86% approve of CEO

81% positive business outlook

Reviews by job title

24 reviews

Reviews about "Compensation"

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2.0
Apr 19, 2019

Overstaffed

Recommend
CEO approval
Business Outlook

Pros

MEMIC focuses on the community

Cons

WAY overstaffed. Sometimes go several days maybe even a week without doing a single thing. Pay is below average with little room for advancement The company tells workers what to do with their money by requiring bonus to go to non-profits.

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MEMIC Response
7y
Thanks for flagging your situation. We recommend that you speak to your supervisor or Human Resources and explain your sense of having too little to do as well as your expectations about your career path. We are a learning organization and want to be sure you are not only busy but building skills that will help advance your knowledge of this business and the performance of the company. As for the charitable contribution program, for the last two years we have encouraged employees to direct $100 to an organization of their choice and the response has been terrific. Animal welfare groups, health organizations, education, environmental causes and dozens of others have benefited from our employees’ choices. This community engagement has nothing to do with bonuses – it’s about us reflecting the values that light us up. In terms of compensation, we are competitive in all the markets in which we do business. We also have a generous profit sharing plan that is above the norm for most industries. It is performance-based and goes straight into each employee’s retirement plan. In addition, annual performance reviews result in merit increases in compensation. We ask you to share responsibility for your workload and take ownership in your career path. We hope you’ll make the most of this opportunity as there is plenty of work to be done.
2.0
Feb 20, 2019

Glad I got out

Recommend
CEO approval
Business Outlook

Pros

Can be flexible on hours, nice building and people

Cons

Salaries are very low for industry, employees are not valued. Very little room for advancement. Insurance, especially health insurance is horrible.

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MEMIC Response
7y
MEMIC appreciates your 3+ years of service and we are sorry that you were unable to stay. As we receive feedback, we strive to make improvements to enhance the work/life balance. MEMIC participates in industry surveys to ensure that we compare favorably with our colleagues in this business. We look to make sure that our salary rates are market driven and that we provide a benefit package that meets the needs of the entire company. This year we added an additional health option and new HSA contributions so we can continue to provide a total package that addresses the needs of our team. Thank you for your feedback.
2.0
Sep 12, 2018

Low pay for the industry and old school thinking

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

occasional work from home, laid back work environment

Cons

Under paid, micro managers, disorganized, say that they offer tuition reimbursement for continuing education but won't actually supply it unless its related to insurance (who goes to school for insurance??), employees handling claims are overwhelmed and get little to no relief, wages are the same (for the same positions) throughout the company they do not take cost of living in different areas in to account

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MEMIC Response
7y
Thank you for sharing your concerns. We routinely review our compensation and benefits and your feedback will add to that process. We encourage you to discuss this concern regarding education and compensation with Human Resources and/or your manager. Please suggest to them what you see as competitive compensation and benefits whether by market or position. As you know, we are in the process of reviewing and implementing a number of workplace recommendations as part of our employee engagement process. It’s an exciting time to be at MEMIC and we hope you’ll take part. An open dialog will help us all reach our desired performance goals. Thank you.
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