Competition for Key Talent
MarshBerry conducts a biennial insurance agency compensation study to determine how salaries, commissions, bonuses and employee benefit levels in agencies have changed. This report is one of a kind in the industry.
The 2016 Compensation Report presents the aggregate responses provided by the 424 insurance agencies that participated in the study, as well as relevant data sets from the MarshBerry proprietary financial management system Perspectives for High Performance (“PHP”).
It is extremely important to take a look at what agencies are paying their sales, service, support and executive personnel. Most agencies allocate just under 70% of their revenue to compensation costs. Since this is the largest expense for your agency, it makes sense to manage it wisely.
The full report is available in electronic format for $950. To purchase, simply click the link below. Once you complete your payment in PayPal you will be redirected to another site to download your report.
The complete report offers insight on: