The company matches a percentage of employee contributions, which can make a significant difference in long-term savings. This match is fully vested after a set period, allowing employees to take full ownership of the contributions over time.
Profit-Sharing Plans
In addition to the 401(k), Great American also offers profit-sharing plans. This is an added benefit that sets the company apart from other employers in the industry. Profit-sharing rewards employees for the company’s financial success by providing them with a percentage of the profits, typically paid out annually.
Employee Stock Purchase Plans (ESPP)
For employees interested in owning a piece of the company, Great American offers an Employee Stock Purchase Plan (ESPP) . Through this program, employees can purchase company stock at a discount, allowing them to directly benefit from the company’s success and build personal wealth over time.
Work-Life Balance and Time-Off Benefits
Maintaining a healthy work-life balance is crucial to employee happiness and productivity. Great American Insurance Company offers various time-off benefits to ensure that employees have the flexibility to manage their personal and professional lives.
Paid Time Off (PTO)
Great American provides a Paid Time Off (PTO) system that is both competitive and flexible. Employees can accumulate PTO days based on their length of service with the company, and this time can be used for vacations, personal days, or any other necessary absences.
In addition to PTO, employees are provided with sick leave, ensuring they don’t have to worry about financial loss due to illness.
Paid Holidays
Employees at Great American Insurance Company also enjoy paid holidays throughout the year. This includes standard national holidays like Christmas, Thanksgiving, and the Fourth of July, as well as other floating holidays that employees can use at their discretion.
Parental Leave
Understanding the importance of family, Great American offers generous parental leave policies . This benefit is available to both mothers and fathers, allowing employees time to bond with their new child—whether through birth or adoption—without worrying about lost wages.
Flexible Work Schedules and Remote Work Options
Many employees today seek flexibility in where and when they work, and Great American responds to this with flexible work schedules and remote work options . Depending on the position and department, employees may have the ability to work from home or adjust their hours to accommodate personal responsibilities, creating a better work-life balance.
Professional Development and Career Growth
For employees who are passionate about growing their careers, Great American Insurance Company offers a wealth of professional development opportunities.
Training Programs and Certifications
The company invests heavily in employee education, offering internal training programs and resources to help employees enhance their skills. For those in technical or specialized roles, Great American supports obtaining industry certifications, such as the Chartered Property Casualty Underwriter (CPCU) or Certified Insurance Counselor (CIC) .
Tuition Reimbursement
Employees who wish to further their education or pursue a degree can take advantage of the company’s tuition reimbursement program. This program helps cover the cost of tuition for courses related to an employee’s current job or future career path within the company.
Internal Promotions and Career Paths
Great American values promoting from within, offering clear career advancement paths. Whether you start in an entry-level position or join with mid-level experience, there are numerous opportunities for internal promotions and lateral moves within the company.
Conclusion: Why Great American Insurance Company Stands Out as an Employer
Great American Insurance Company’s benefits package is designed to address the diverse needs of its employees, from health and wellness to financial security and career growth. By offering a robust range of benefits—including medical coverage, retirement savings plans, paid time off, and professional development—Great American ensures that its employees feel valued and supported throughout their careers.
Whether you’re just starting out in your professional journey or are an experienced industry veteran, Great American’s benefits package provides the tools and resources to help you grow both personally and professionally. With a commitment to work-life balance, health, and financial well-being, it’s no wonder that Great American Insurance Company is considered one of the top employers in the insurance industry.
If you’re looking for a company that not only offers competitive compensation but also genuinely cares about your future, Great American Insurance Company may be the right fit for you.
