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MEMIC Company Culture
MEMIC Culture
This score is derived from employee ratings & reviews4.0/5
MEMIC's Overall Culture is rated B
Top Rated Culture Dimensions
CEO Rating
A+Environment
B+Happiness
B+Manager
B+Work Culture
B+MEMIC CEO
Top 5%Top 5% of Similar Size Companies on Comparably
Michael Bourque
82 /100
See More
Diversity at MEMIC
N/A
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterWomen at MEMIC
Bottom 35%Bottom 35% of Similar Size Companies on Comparably
C-
Women at MEMIC have rated Team, Work Culture, and CEO Rating as the highest categories they have scored
MEMIC eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 20%Top 20% of Similar Size Companies on Comparably
Recommend to a Friend?
39
MEMIC employees are 39% more likely to recommend MEMIC as a great place to work
| 65% | Promoters |
|---|---|
| 9% | Passives |
| 26% | Detractors |
Working at MEMIC
Working at MEMIC is rated average by 28 employees, across various culture dimensions. MEMIC employees are most satisfied about CEO Rating, Environment, and Happiness categories, putting MEMIC’s culture in the Top 30% compared to similar sized companies on Comparably and in the Top 30% compared to other companies in Lewiston, ME. See below in detail how working at MEMIC was rated by employees.
Overall Company Culture at MEMIC
B
Overall Company Culture at MEMIC is rated B
Last updated 2 months ago
Top
30%
MEMIC ranks in the Top 30% of other companies on Comparably with 201-500 Employees for Overall Company Culture Score
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterMEMIC Employee Reviews
Out of 56 MEMIC employee reviews, 74% were positive. The remaining 26% were constructive reviews with the goal of helping MEMIC improve their work culture.
| Positive Reviews | 74% |
|---|---|
| Constructive Feedback | 26% |
Positive Reviews From MEMIC Employees
- What makes you most happy at work?Being creative and advancing new ideas
- What is most positive about the culture and environment at your company?Friendships are built given the longevity of most employees
- What are some of the best things about your team?Trust and expertise are shared across the group
Constructive Feedback From MEMIC Employees
- What would you improve about your company's interview process?lose the behavioral testing, make sure new hires are qualified and check backgrounds
- What's going wrong and how can it be improved?too many inexperienced managers and technical staff. Claim counts for adjusters are too high so performance goals and customer service agreements can't possibly be reached
- What needs to change to make the company culture better?leadership team is not qualified for their positions and take a threatening tone with direct reports
MEMIC Company Information
MEMIC Company Overview
We're a leading workers' comp insurer with roots in Maine and policyholders across the Eastern Seaboard. Workplace safety is our passion.
MEMIC was founded in 1993 and its current CEO is Michael Bourque. Since its inception 33 years ago, MEMIC has grown to 450 employees.
MEMIC Mission, Vision & Values
MEMIC Mission & Values
At MEMIC, our mission is to provide employers with safety training services and the best workers’ compensation products at the lowest possible cost and promote fair and equitable treatment for all workers while maintaining excellent ratings and a strong balance sheet.
| Headquarter | 261 Commercial Street Portland, ME 04101 United States of America |
|---|---|
| Website | www.memic.com/ |
| Founding Date | 1993 |
| Tel | 800-660-1306 |
| Company Status | Private |
| Social Sites |
MEMIC Competitors
MEMIC competitors include Travelers, Liberty Mutual Insurance, Zurich North America, and Berkshire Hathaway. MEMIC ranks 2nd in Overall Culture Score on Comparably vs its competitors. See below how MEMIC compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Team MEMIC before the Beach to Beacon
Teamwork Makes the Dream Work!
Who doesn't love Beals on a hot summer day?
MEMIC was recently a part of a Make-A-Wish reveal. We hope you love your pool Ripley!
Team bowling outing!
Our NH office celebrating the start of summer with some ice cream!
MEMIC employees at the Brattleboro Rotary Charity Golf Tournament
This week was the start of our 2019 Summer Internship program. Welcome Interns!
Last week, 15 MEMIC employees volunteered for United Way Day of Action
Our Virginia team at our Annual All Employee Luncheon
MEMIC Employees
MEMIC has 450 employees. 28 employees at MEMIC have reviewed MEMIC across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was 2 months ago.
Overall, the 28 MEMIC employees give their leadership a grade of B, or Top 30% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at MEMIC are pleased with their total compensation at MEMIC, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at MEMIC are pleased with their team. 28 Participants grade the quality of their coworkers a B. The majority believe the meetings at MEMIC are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at MEMIC believe the environment at MEMIC is positive. Most Participants believe the pace of work at MEMIC is comfortably fast. About 72% of the employees at MEMIC work 8 hours or less.
Overall, the employees at MEMIC are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining MEMIC - Employee Onboarding
The prevailing opinion from employees about joining MEMIC is that the company was unprepared on their first day. MEMIC employees concluded that their overall onboarding experience was positive. 75% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
MEMIC KPIs and OKRs
At MEMIC 100% of employees think their department KPIs and OKRs are clear. Employees’ understanding of MEMIC's KPIs and OKRs is essential for its success. Out of 4 MEMIC employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 2 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
MEMIC CEO & Leadership
MEMIC CEO - Michael Bourque
82 /100
MEMIC’s CEO Michael Bourque started in this role in 2017. Michael’s approval rate is in the Top 5% of all CEOs of similar-sized companies on Comparably, and in the Top 5% compared to the CEOs of all other companies in Lewiston, ME. MEMIC’s CEO is highly regarded especially by employees with 6 to 10 Years experience, employees with 3 to 6 Years experience, and Female employees. However, Caucasian employees have a less favorable view of the CEO and believe there is room for improvement. Compared to MEMIC’s competitors, Michael Bourque ranks right above Travelers CEO Alan Schnitzer. Under Bourque’s leadership, MEMIC employee respondents are most happy about their Environment and the company’s Happiness. Office Culture and Professional Development are two areas, according to respondents, where MEMIC could stand to see real improvement.
MEMIC Leadership
The MEMIC Executive Team is rated a “C+” and led by CEO Michael Bourque, SVP, Chief Information Officer Jack Yao, and SVP, Claims Matthew Harmon
Michael Bourque CEO / President
Michael Bourque became The MEMIC Group’s second President and CEO in the company’s history in September 2017. Mike... read more
Matthew Harmon SVP, Claims
Matt Harmon was promoted to Senior Vice President, Claims for The MEMIC Group in March of 2015. In this role, he... read more
Gregory Jamison SVP, Underwriting
Greg Jamison was promoted to Senior Vice President, Underwriting for The MEMIC Group in March of 2015. In this role, he... read more
Catherine Lamson SVP, Chief Administrative Officer
Catherine is the Senior Vice President and Chief Administrative Officer at The MEMIC Group. She came to MEMIC in 2002.... read more
Tony Payne SVP, External Affairs
Anthony "Tony" Payne returned to The MEMIC Group in 2017 as Senior Vice President, External Affairs. Payne, a native of... read more
Karl Siegfried SVP, Loss Control & Safety Services
Karl Siegfried is the Senior Vice President of Loss Control and Safety Services at MEMIC. He first joined MEMIC in... read more
Tod Austin President, Atlantic Region
Tod Austin joined MEMIC in 2014 as Vice President, Underwriting to lead the company’s aggressive growth plans for the... read more
MEMIC Salaries
How much does MEMIC pay?
How much do people at MEMIC get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at MEMIC is $115,203, or $55 per hour, while the estimated median salary is $116,334, or $55 per hour.
20 employees at MEMIC rank their Compensation in the Top 25% of similar sized companies in the US (based on 68 ratings) while 20 employees at MEMIC rank their Perks And Benefits in the Top 25% of similar sized companies in the US (based on 23 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $132k | $132k | 1st Percentile |
25th Percentile $189k | $189k | 25th Percentile |
50th Percentile $255k | $255k | 50th Percentile |
75th Percentile $260k | $260k | 75th Percentile |
100th Percentile $350k | $350k | 100th Percentile |
$115,203*
Average Compensation
$116,334*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
Diversity & Inclusion at MEMIC
The Diversity score provides insights into how diverse employees feel and rate their work experience at MEMIC across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
MEMIC Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
- Gym Membership / Reimbursement
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Tuition Reimbursement
Office Perks
- Free Food
- Company Social Outings
- Work From Home Policy
- Unique Office Space
MEMIC PTO
MEMIC's PTO and Vacation policy typically gives 20-30 days off a year. Paid Time Off is MEMIC's 2nd most important benefit besides Healthcare when ranked by employees, with 33% of employees saying it is the most important benefit. MEMIC's benefits and PTO Package averages to represent a $2500+ cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
MEMIC Careers
MEMIC Jobs
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Frequently Asked Questions regarding MEMIC
What is MEMIC address?
MEMIC location is at 261 Commercial Street
Who is the CEO of MEMIC?
MEMIC CEO is Michael Bourque, their score by employees is 82
What are the salaries in MEMIC
The average salary for employees in MEMIC is 115203$
What is MEMIC eNPS?
The eNPS for MEMIC is 39
How many employees work in MEMIC?
MEMIC has 450 employees
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