Claims Managers are awarded the highest paychecks, with compensation nearing around $77K annually on average; Insurance Office Branch Managers are next on the list, bringing in close to $74K, followed by IT Business Analysts earning $70K and Claims Supervisors making approximately $68K. Earning only $35K on average, Insurance Claims Assistants make less than most people in the company.
When it comes to location, the highest average paycheck (about $78K per year) can be spotted in Chicago, Ill.; Las Vegas, Nev. ($73K), Itasca, Ill. (about $70K), and St. Louis, Mo. ($65K) are the next top-paying cities. Expected earnings are below average (approximately $46K) in Sacramento, Calif., one of the lowest-paid cities. By state, the highest pay levels are found in New Jersey, where the average Gallagher Bassett Services, Inc. employee makes $75K annually.
Years of Experience
Between the one and five year mark, median pay is around $43K per year. For those with five to nine years of experience, average earnings amount to approximately $50K annually. The largest fraction of Gallagher Bassett Services, Inc. people (38 percent) have been working for 10-19 years and earn around $66K per year on average.
Certifications and Degrees
Claims Associates are compensated at a much higher rate than non-authorized workers, bringing in close to $67K annually. Risk Management Associates with credentials can live quite comfortably; median salaries come in at about $60K per year. Gallagher Bassett Services, Inc. provides the highest financial reward to those with an Associate's Degree — these employees rake in $76K annually.
Employees who count COBOL among their skills enjoy higher pay; the median for this group is $77K per year. Claim Handling is considered a run-of-the-mill skill; about one-half of Gallagher Bassett Services, Inc.'s people use it regularly. Some other standard skills here are Negotiation, Customer Service, and People Management.
Benefits and Perks
Gallagher Bassett Services, Inc. pays the majority of its employees — more than half of workers — for vacation time as well as sick leave. Nearly all employees report contributing to a 401(k). At Gallagher Bassett Services, Inc., most respondents have health insurance, and a large number of survey participants have dental coverage. The list of perks also includes life insurance, a casual working environment, a stock purchase plan, and tuition reimbursement.