Matic Compensation Employee Reviews | Comparably
Matic Claimed Company
Matic is a startup with ample opportunities for growth. Since 2014, Matic has changed the landscape of the InsurTech industry by embedding insurance within the home and auto ownership experience. Today, Matic’s digital insurance marketplace has over 45 home and auto carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, auto financing, and much more. We hire rock stars who are passionate about owning their work and are obsessed with finding a better way. Working at Matic means working collaboratively towards one common goal…one team with one dream. We have a fast-paced culture that is driven by quality, transparency, and of course fun. read more
EMPLOYEE
PARTICIPANTS
184
TOTAL
RATINGS
2838
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Matic Compensation Employee Reviews

What is the best part about your compensation package?

I get a livable base salary with the opportunity to make a heck of a lot more! But even in months I don't hit the bonuses, I am still comfortable financially.

Posted 6 days ago

Working remotely is a huge perk! Additionally, the company has covered our healthcare premiums, which is remarkable in this market.

Free benefits, open lines of communication with managers regarding comp

Free benefit premiums, stock equity, HSA

The stock options I received as a new employee are a big potential upside. We also get fully paid medical for ourselves, and well subsidized for our families.

The best part of my compensation package is the equity grant.

free healthcare, unlimited PTO, in office perks, flexible with WFH

Review from Operations Dept

Employer paid medical benefits for all employees

Stock options and HSA contributions

I find that the stock options are a nice part of the compensation package. The ability to purchase a large share of stock at a reasonable fixed price for a rapidly growing company is a nice perk that is not available everywhere and that will allow me to grow my individual wealth.

Paid competitive cash compensation along with nice equity upside if company succeeds.

When you work hard, the comp plan rewards you. I treat my clients as referrals/repeat business as I want to create a positive experience

Review from Sales Dept

unlimited PTO when we need to schedule time off

It is reasonable and I like it

Review from Sales Dept

great money if you are willing to put in the work, plus the paid insurance is amazing and also unlimited PTO with no black out dates is unheard of anywhere else.

Review from Sales Dept

PTO and paid health care

benefits are the great part

Review from Sales Dept

I love how Matic pays for our health insurance and we get stock options.

health insurance is paid for by Matic!

Review from Sales Dept

Matic stock ownership for all employees

Why do you feel undervalued and what would make you feel better about your compensation?

401k matching would be nice. The options are cool as long as we go public. The high co-pay for benefits force me to wait on some medical issues.

The base pay is about 2 dollars under the market average. The bonus structure is great though.

Bonus structure is too hard to obtain and hourly is too low compared with lack of benefits

Matic has one of the lowest base salarys in the industry. It is laughable and disrespectful. They take advantage of sales agents production and the CEO has created a company that pushes metrics over people. The company also manipulates reviews and opinions of its CEO

I don't receive any benefits for my position

Review from Marketing Dept

I do not think the pay is reflective on inflation, especially with the demanding gas prices and cost of living in Phoenix. While the work culture is incredible, this position requires a lot of your resources and the bonus is not enough when you're looking at a job that pays like, $20-$23/hour.

Review from Sales Dept

They do not pay enough for the amount of business you write.

Review from Sales Dept

Managers will downplay any positive performance and will severly focus on one negative attribute in order to keep you in a position of subserviency. The company uses performance improvement plans on almost every agent, which is a sign your expectations are unrealistic and toxic.

Review from Sales Dept

I feel undervalued because in sales it is often only the top agents who get praise. I would feel better if my base salary was higher and life insurance, and disability insurance options were available

Review from Sales Dept

I feel that as a human being and team member that I am valued. But, my hourly rate is too low. This job is very emotionally and mentally draining. I make a little over 17 per hour + commission and it is not enough with gas prices and inflation. I would like to make at least $22 per hour.

Review Sentiment at Matic

96
96%
4
4%

About Matic's Compensation

A+
86/100

Where This Score Ranks Matic's Compensation

TOP
5%

In the Top 5% of 1941 similar size companies on Comparably

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Not enough ratings to compare against companies in Springfield, OH

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Not enough ratings to compare against competitors

143 employees at Matic score their wages and compensation an A+ on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 82% say Yes. The HR department is the most satisfied with their compensation, ranking it 100/100, a full 22 pts above the Operations department. If you want detailed data about Matic's wages, see the <a href="https://www.comparably.com/companies/matic/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - HR
    +14%
  • Ethnicity - African American/Black
    +14%
  • Department - Marketing
    +7%

Rate Compensation the Lowest

  • Ethnicity - Other
    -31%
  • Department - Operations
    -8%
  • Department - Sales
    -6%

How Matic's Compensation Score is Calculated

FILTER RATINGS BY

Results from 143 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes82%
No18%
Do you believe you're paid fairly?
AnswerPercent
Yes87%
No13%
Are you satisfied with your Benefits?
AnswerPercent
Yes67%
No33%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less0%
Every year100%
Every 2 years0%
Every 3 years or more0%
Never0%
How often do you get a raise?
×
Rate your company