Lockton Companies reviews

4.0

78% would recommend to a friend

(1,823 total reviews)
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Ron Lockton

92% approve of CEO

74% positive business outlook

Lockton Companies has an employee rating of 4.0 out of 5 stars, based on 1,823 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Lockton Companies employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

2K reviews
4.0
Mar 25, 2016
Recommend
CEO approval
Business Outlook

Pros

GREAT benefits. 10 days of paid vacation, 10 days of PTO, 2.5 personal days, 10 paid national holidays and one optional holiday. After 3 years you get 15 days of paid vacation. Employees also get 11 weeks of paid parental leave. Lockton also offers a variety of insurance plans from health, vision, dental, life, disability, and several others. They also match up 6% for a 401K. While there is no tuition reimbursement plan they do pay for industry related education and are investing heavily in associate development and training. You will get no better training anywhere else in KC. So there are a lot of good benefits to take advantage of.

Cons

Depending on which unit you are in has the biggest impact on ability to grow with in the company. Another con is the salary for entry level positions, which ranges between $30-$35K. The pay is well below average than what other companies pay for entry level positions. That being said, they do spend quite a lot on developing their associates, but even with that being taken into account the salary is still not competitive, and it will be several years of below average salary before you are getting paid close to market rate. So if you are in a good unit and have opportunity for growth it might be worth the wait to stick it out even with below average pay, but if you are not in a good unit that is growing, stay for a year or two and go get paid $15K-$20K more at any other broker in town or insurance company.

1.0
Mar 21, 2016

Treated very poorly by Commercial Insurance Dept.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great co-workers. Benefits are good if you are planning to start a family. The culture they brag about is a joke!

Cons

Very poor management . The company runs their high performers into the ground. They do not address unprofessional behavior and corporate bullies. They expect an employee to be available to their clients around the clock. There is no work/lifestyle balance.

3.0
Mar 20, 2016

Good place to start and finish but not so great for mid-career people

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Well respected in industry. Good clients with complex risk management needs and opportunities to learn. Flexible as long as you get your work done. Good resume builder.

Cons

It's a company for kids not experienced insurance professionals. The pay is way too low for what's required of you but they can get away with it as long as median income levels stay low in the community where the home office is located and folks accept it.

Viewing 1627 - 1629 of 1,823 Reviews

Glassdoor has 2,171 Lockton Companies reviews submitted anonymously by Lockton Companies employees. Read employee reviews and ratings on Glassdoor to decide if Lockton Companies is right for you.