The Employee Experience Platform | Culture Amp

Insurance (Male) 2020

The insurance benchmark is made up of companies that provide a variety of insurance services; including health insurance, specialty and standard commercial lines insurance, risk assessment, car and motorcycle insurance and associated comparison services. The benchmark includes traditional providers of insurance as well as organizations that lean towards more technology oriented solutions. This benchmark only includes Men employees. We use woman and man because most of our customers are using binary options.

  • Emerging

    Benchmark status

We consider this an emerging benchmark: it has enough data available for us to use bootstrapping to create a representative sample. As the sample grows in size, some scores may slightly change. Our research has shown that our bootstrapped scores are consistent with our standard benchmarks. Read more about the methodology.

Data provided by Culture Amp

Industry breakdown

  • Insurance

    100%

Region breakdown

  • North America

    50%

  • Oceania

    28%

  • Europe

    16%

  • Asia

    4%

  • MEA

    1%

Are employees committed to their organizations?

Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.

74% of Insurance (Male) employees are engaged

This is in the top 18% compared with the overall average.


The average eNPS score for organizations in this benchmark is 18 and is in the top 38% compared with the overall average.

Understanding the engagement questions

Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.

I rarely think about looking for a job at another company

61%

6% above global average

I see myself still working at [Company] in two years' time

69%

6% above global average

I would recommend [Company] as a great place to work

84%

2% above global average

I am proud to work for [Company]

87%

1% above global average

[Company] motivates me to go beyond what I would in a similar role elsewhere

70%

1% above global average

The highest scoring question for Insurance had 93% of Men agreeing that they know how their work contributes to the goals of [company] (+4% compared to overall) while they were generally most positive about Management.


Men in Insurance were generally least favourable about Action, and were most negative towards 'When it is clear that someone is not delivering in their role we do something about it' with 14% of people disagreeing (-6% below average).

How long do people stay?

In the short term, 17% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-3% compared to overall) while on a longer time frame, 11% of people see themselves leaving within two years (-1% compared to overall).

The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.

1

My manager, or someone else, has communicated some clear actions based on recent employee survey results

62% favorable

Action
2

I have been provided an opportunity to see and discuss recent employee survey results

64% favorable

Action
3

I believe my total compensation (base salary+any bonuses+benefits+equity) is fair, relative to similar roles at other companies

54% favorable

Alignment & Involvement
Average Glassdoor ratings

We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.

Overall Rating

3.55 stars (-0.2)

Culture and Values

3.35 stars (-0.5)

Work Life Balance

3.55 stars (-0.2)

Compensation and Benefits

3.4 stars (-0.2)

Career Opportunities

3.1 stars (-0.4)

Recommend to Friend

65.5% (-5.5)

CEO Approval

86.0% (+2)

Are staff empowered with results?

Organizations in the Insurance (Male) benchmark on average gave 13% of employees access to reports with their survey results. This is higher than average and demonstrates that organizations in this benchmark tend to be more transparent with their survey results to leaders and managers.

An interesting reference point is that the average proportion of managers in organizations is 12-15%, with some industries higher than others (New Tech was closer to 20%).



  • Insurance (Male)


    13%

  • Global average


    10%



  • How does Insurance (Male) compare?

    Men in Insurance were much more positive than average regarding Action, Feedback & Recognition, and Decision Making.


    Insights data provided by Culture Amp.

    What makes Insights special? Gain a deeper understanding of how they work.

    Learn more about Insights with Culture Amp’s benchmarks

    Build a world-class employee experience today

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