Wouldn’t We All like This — Allied Underwriters Gives Entire Staff 10% Raise

Allied Underwriters has done something a lot of us would like to see our employer do. It gave a 10% salary increase to all employees. All of them. No exceptions.

The reason given by the company is to help them keep up with inflation.

The ball rolling on the salary increase began after Allied’s lead economist, Justin Smith spoke about the impact of inflation at a leadership panel last February. His predictions on the topic came true and inflation is now a serious economic crisis. To compensate the company felt it important to help its 1,000 employees survive Smith’s dire prediction.

Allied’s chairman, SteveMenzies said another adjustment will likely be made in the fourth quarter of this year if inflation continues to rise.

“Our staff is vitally important to us, a reality we demonstrate in many ways,” Menzies said. “For decades, we have carefully assessed the impact of inflation each and every year and adjusted wages across the board accordingly. While this 10% salary adjustment appears unprecedented, all of the indicators point to the dire problems inflation continues to impose upon working men and women.”

Menzes said that’s one reason the company is able to recruit and maintain top talent. Employee retention levels far exceed the national average and 90% of employees say they’re going to stick with Allied for the foreseeable future.

“Staff members recognize the values that we have sustained over the years with accurate and honest wage and benefit adjustments as well as the kind of investments we make for the benefit of our staff such as our plans for the new Operations Headquarters at Heartwood Preserve in Omaha that include an amazing set of facilities to enhance their work and post work experiences on a campus that includes climate-controlled underground parking, miles of walking trails, dramatic vistas, award-winning parks and greenways, convenient retail offerings and, most importantly, a design that enables large expanses of light-filled workspace with lofty ceiling heights,” Menzies said in conclusion.

Source link: Insurance Journal — https://bit.ly/3uHcAJw