employer cover photo
employer logo
employer logo

Federated Insurance

Engaged Employer

Federated Insurance reviews about "training program"

93% positive business outlook

Reviews by job title

36 reviews
3.0
Feb 13, 2023
Recommend
CEO approval
Business Outlook

Pros

Federated offers a great training program, a great product and a pension plan.

Cons

Management. Pure and simple. If you are on the right side of management, you will succeed whether you deserve it or not. They ask for your opinion and if you give an honest response, you are not "supporting the company directive". The directive should just be do as we say, how we say to do it and keep your eyes down and mouth shut. You can do everything they ask of you and it still isn't good enough. They focus on the things you do wrong, versus the things you do right. Too many "does not meet expectations" and you are on your way out the door. You can meet expectations for many years, with several different managers, but you get a manager who you don't click with, good luck meeting their expectations. You know who the "chosen" employees are and you know who the "workhorse" employees are and you know the employees who are on the "hit list".

5.0
Dec 24, 2021

Great Company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Training Program is very extensive Company Culture is time tested Financial Stability is only getting stronger

Cons

Limited work life flexibility Marketing Based Culture

4.0
Apr 2, 2021
Recommend
CEO approval
Business Outlook

Pros

Health, dental, vision, 401k, pension, vacation, gym, wellness programs, flexibility with hours, friendly and professional environment, training, and similar benefits are wonderful. There is a lot of great opportunity to learn and grow if you get in the right position (and there is flexibility to move around). Recent changes within my department are moving in the right direction as far as empowering people to think for themselves, consolidating our technology stack, and getting rid of some of the older technology, and having a more open channels of communication between various areas.

Cons

Senior management is very stubborn about certain things, like I'm sure is the case in many companies. For example, the most casual attire you are typically permitted to wear is business casual. They also insist that none of our employees can work from home effectively, even though that is clearly not true. Several employees have had equal or greater performance when working from home, but are still not permitted to do so even though the governor said that those who could should continue to do so. They have not offered any good justification for this decision, and don't seem to care that we object, or that the order says that. We continue to lose much of our best talent because of this. Additionally, there is a large disconnect between the business side of things and the IT side of things. Often IT will be strong-armed into doing things that are impossible to do correctly/safely. Part of the culture is to be accommodating to others, and often gets so ingrained into people's heads that they often don't stand up for what is right or what is good long-term. On the opposite side of things, people often do not own all aspects of what they are working on because they believe certain parts to be someone else's job. People need to think and do things more for themselves instead of blindly passing work off to others.

5.0
Apr 17, 2021
Recommend
CEO approval
Business Outlook

Pros

Great program Learn about insurance and sales Learn the product Prepared for future roles

Cons

Length of program Rent options in Owatonna

2.0
Jul 9, 2022
Recommend
CEO approval
Business Outlook

Pros

Training program prepares you very well for better jobs in the insurance industry. However getting some designations would be just as beneficial and give you more job opportunities.

Cons

If you’re a White Christian Conservative, then you would love this place. If not, run. Federated almost feels like a cult at times. There’s much better jobs in the industry, the reason they do their own training is so young employees don’t realize that. There’s a reason you sign a 5 year contract with them. They trap you before you realize you got conned into a cult.

4.0
Nov 7, 2021
Recommend
CEO approval
Business Outlook

Pros

Competitive salary when adjusted for cost of living in Owatonna. Excellent benefits (e.g., fully funded pension which could cover a modest retirement even without adding your own savings, extremely cheap health insurance with solid coverage compared to most places). Flexible schedule, as long as it doesn't include remote work. Great sense of community and purpose. Insurance is important work and Federated does it well. Mutual company (owned by customers, no shareholders to kowtow to). Almost without exception, people are friendly, helpful, honest, and easy to get along with. Good opportunities for internal advancement and lateral moves, if you get tired of what you're doing and want to try something new. High stability. People always need insurance and Federated is in a solid financial position. As long as you do your work and nothing cataclysmic happens, you'll be able to spend your entire career at Federated, and many people do. Training program is perfect for people right out of school with no industry experience yet – several months paid adapting to corporate life and figuring out how to put your education into action. Day-to-day work is mostly well-defined and the right level of difficulty. Some opportunities to innovate if you are adventurous enough to go against the grain.

Cons

Leadership is deeply out of touch with the twenty-first-century workplace and sometimes dysfunctional. Common sense has been repeatedly ignored during COVID for vaguely defined “culture” reasons, getting employees sick. Absolutely no willingness to consider any kind of remote work, even in the face of losing most of the company's best talent. Frustrating lack of transparency and paternalistic attitude toward employees. Management often approves proposals and then makes employees defend them again mid-implementation. Lack of diversity. Leadership is almost entirely white men and other staff isn't too much different. Granted, it's tough to build a diverse workplace in small-town southern Minnesota, but still frustrating and a significant weakness in perspective. Conservative and reluctant to change. Technology stack badly out of date in some places (but catching up or even excellent in others). Probably not worse than an average financial services company. Many positions in the IS department involve less “development” and technical work and more configuration, maintenance and administration than you might expect from the job title; some are very far on this side of the continuum. When starting in the training program it is impossible to know what type your placement will be because most hires are not made for a specific position. (That said, historically they seem to be good at matching people to positions that fit them well.) Expectations for work hours are varied and unpredictable. Some departments and teams work ~40-hour weeks indefinitely, others have significantly higher expectations or mandatory overtime for years in a row. Mediocre project and work management. Limited social opportunities in Owatonna for people without a family. If you want to live somewhere else, you'll be spending a lot of time in the car.

2.0
Feb 3, 2022

You Must Drink The Kool-Aid

Recommend
CEO approval
Business Outlook

Pros

Top notch MDT training program in Owatonna, MN. If you go through their training program, you will have enough industry knowledge to be successful anywhere.

Cons

Company culture is very much like a cult. You’re not allowed to think critically or make recommendations that can help the company. Very behind the times with with technology. They will always tell you “this is the way it’s always been done”. If you’re under the age of 35 it will feel very frustrated with their systems. It feels like working for a company stuck in the 90s. You’re entire job as a marketing rep is to win arbitrary competitions and sell overpriced life insurance. It leads to managers pushing you to make unethical decisions.

5.0
Aug 16, 2023

Great company

Recommend
CEO approval
Business Outlook

Pros

Excellent training program and support system to make you successful in your role.

Cons

Work load fluctuates so at times very busy but manageable overall.

Viewing 4 - 6 of 36 Reviews

Glassdoor has 405 Federated Insurance reviews submitted anonymously by Federated Insurance employees. Read employee reviews and ratings on Glassdoor to decide if Federated Insurance is right for you.