Progressive's achievements are a direct result of our dedicated people. In return, we continually find ways to compensate you for your contributions to our business. Plus, we want you to have more control of your financial present and future. Here's how we're making that happen.
Your Pay
We think your pay should reflect the value that you bring to Progressive, so we offer compensation that is competitive with or better than other companies. We also share with you Progressive's financial gains — the same ones you help create — which include:
- Base Pay — We make every effort to make your base pay competitive with what other companies would offer you.
- Gainsharing — Your base pay at Progressive is not the only money you receive for your hard work. Since you help Progressive reach its business goals, we think it's fair that you share in the success. Our Gainsharing program distributes profits among Progressive people, making your pay more than competitive with what your peers at other companies are making.
- Stock Programs (if applicable) — Our stock programs are designed specifically for executives who help lead us to succeed. With more responsibility, you'll have even more incentives to share in Progressive's success.
Your Rewards
Progressive people often take extra measures to help the company succeed. We appreciate the additional value brought to Progressive and award people with referral and service rewards.
- Employee Referral Rewards — We provide monetary rewards to people who go above and beyond their roles by helping us find more valuable Progressive people.
- Service Anniversary Rewards — We try our best to attract and keep you working with us. When you continue working here, we know you value Progressive like we value you. And we reward you with special gifts for your dedication at the major anniversaries in your career, including your first, fifth, 10th and beyond.
Your Financial Peace of Mind
Being in the insurance business, we understand peace of mind. We work to provide a number of benefits to give you monetary protection when you need it most. This includes:
- Life Insurance — You shouldn't have to worry about how your loved ones will manage without you. We offer life insurance to ensure your family will have adequate financial protection in such trying circumstances.
- Disability and Workers' Compensation — If you become ill or are injured, your focus should be on recovering and not on your finances. We offer short-term and long-term disability benefits, so that you aren't left without financial protection.
- Identity Theft Insurance — Unfortunately, identity theft has become more common with the use of the Internet. We offer employees the option to purchase additional peace of mind in the event that they are victims of this crime.
- Relocation — Sometimes business needs require us to ask employees to make a major life change and move to a new city. When possible, we compensate people for their flexibility by paying for some of the costs of moving. We also provide dedicated resources to minimize the hassle and stress often involved in relocating.
Your Retirement
We want each Progressive person to enjoy every day of his or her golden years, and we provide a number of ways that you can begin preparing for them today, including:
- 401(k) — We make it easy for you to begin investing in your future, and we do our part to help by matching your contributions. Our plan provides investment options that enable you to diversify your savings to meet your retirement goals.
- Executive Deferred Compensation (if applicable) — For executives, we work to provide a way for you to manage your pay more cost-effectively and ensure that you meet your future financial goals.
Saving Money
You work hard for Progressive, so we want to make sure as much of your money as possible stays in your pocket. We do this through the following perks:
- Progressive Insurance Benefit — People who work at Progressive are some of our most valuable customers. When you purchase Progressive insurance and tell us what you think about it, we give you money back at the end of your policy, which helps you save money on your insurance and helps us provide better insurance.
- Work Perks — In every state, we work to find discounts for you in your neighborhood. From banking to breakfasts, we want you to keep your pay where it belongs — in your pocket. Plus, we also have national discounts that include our new car purchase program, computer discounts on Dells and Apples, and cell phone discounts with major carriers.