Powers Insurance & Risk Management, a St. Louis, Missouri-based company, has repeatedly earned the accolade of Insurance Journal’s "Best Agency to Work For" in the Silver Midwest category. This recognition is not just a fleeting achievement; it reflects the consistent efforts and achievements of the company under the leadership of J.D. Powers, the CEO.
Core Values and Culture
The agency is rooted in a family-driven culture, prioritizing finding the right people, recognizing employee strengths, and reinvesting in the company. This approach has made Powers Insurance one of the top-rated agencies consistently. The firm offers a range of services, including personal and business insurance, surety, risk management, and employee benefits.
Employee Satisfaction and Growth
Employees at Powers Insurance have expressed high satisfaction levels, citing fair compensation, a healthy work-life balance, and effective communication among team members. These factors contribute to a workplace environment that employees are proud to be part of. The agency's growth, from just nine employees in 2008 to 74, is attributed to a rigorous hiring process that emphasizes long-term career building at the agency.
Hiring Process and Employee Development
The hiring process at Powers Insurance involves at least three rounds of interviews and, depending on the position, multiple assessments. The company values feedback from department managers and other employees before finalizing hiring decisions. This thorough approach ensures the identification of highly talented individuals. Recognizing that not every hire is perfect, the agency provides opportunities for employees to find roles within the company where they can excel. This flexibility has led to cases where new positions were created to suit an employee's skills and contributions.
Open Communication and Employee Benefits
The company maintains an open communication policy, encouraging employees to share ideas, questions, and concerns. This approach has fostered a healthy, growing company culture. Employees appreciate the family-oriented environment, which includes unique benefits like an office nap room, a nursing room, and access to a stretch therapist. Additionally, Powers Insurance offers comprehensive health benefits and a $50,000 life insurance policy paid by the agency.
In summary, Powers Insurance & Risk Management exemplifies a company that values its employees, fosters a healthy work environment, and maintains a culture of open communication and growth. These factors have contributed significantly to its recognition as one of the best agencies to work for in the Midwest.