Millennials at Rate | Comparably
Rate Claimed Company
Rate was built on the principles of low rates, groundbreaking technology, complete transparency, excellent customer service and a quick, easy mortgage experience. We knew that to achieve the mission of being the best mortgage company for customers, we also needed to be the best mortgage company for employees and referral partners. We achieved that by innovating superior systems and technology to make the mortgage process easier and more transparent for everyone, and by creating a culture of positivity in which people have the opportunities to improve their lives and achieve their dreams. read more
EMPLOYEE
PARTICIPANTS
126
TOTAL
RATINGS
1249
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Millennials at Rate

Millennials at Rate grade their overall culture an A-; also rating it 77/100, 11 points higher than Rate's overall culture as rated by all 126 employees on Comparably. Millennials are considered more demanding and to have higher expectations than their more experienced colleagues. Three areas millennials working at Rate think their company is performing well in are: Team (A+), Outlook (A+), and Environment, (A+).

Work Life Balance & Community Outreach at Rate

Millennials working at Rate and everywhere else are striving for a balanced life. At Rate, most employees are satisfied with their work life balance. The average Rate employee receives 20-30 paid days off per year, and socializes with their peers once a month outside of work. See what employees at Rate think about their work life balance.

AnswerPercent
Yes100%
No0%
Are you satisfied with your work/life balance?
AnswerPercent
Unlimited20%
20-30 days60%
15-20 days0%
10-15 days20%
0-10 days0%
How much paid vacation and sick days can you take a year?
AnswerPercent
Weekly33%
Monthly0%
Sometimes33%
Infrequently17%
Never17%
How frequently does your company participate in community outreach?

Mentorship and Professional Growth for Millennials at Rate

Within Chicago, 39% of millennials shared they have a mentor. At Rate, 50% of millennials say they receive mentorship, which leads to the assumption that Rate is a great place to work for millennials focused on their professional growth. See what employees think about mentorship and professional growth at Rate.

AnswerPercent
Yes50%
No50%
Do you have a mentor at work?
AnswerPercent
Yes57%
No43%
Is your company invested in your career growth?

Sentiment Toward Perks & Benefits at Rate

Employees at Rate have ranked their perks and benefits in the Bottom 20% of companies within Chicago and in the Bottom 20% of similarly-sized companies on Comparably. When asked to estimate how much employees think Rate spends on their benefits, the most common answer selected is $1000 -$1500/mo. Learn about perks & benefits at Rate.

AnswerPercent
Yes48%
No52%
Are you satisfied with your Benefits?
AnswerPercent
Yes33%
No67%
Do your company's benefits play a part in staying at that company?
AnswerPercent
Paid Time Off0%
Career Training50%
Decision Making0%
Fun Culture50%
Retirement Contribution0%
What Doesn't Your Company Provide, that You Want?

Retaining Millennials at Rate

It’s difficult to retain a millennial, and all three aforementioned sections listed bear importance. To recap, Rate employees rate their work life balance a B. They think highly of Rate's professional growth opportunities. Employees have graded Rate's perks and benefits a D. These ratings and reviews lead us to conclude that Rate is a suitable company for the millennial workforce. Learn more about Rate's efforts to retain employees.

AnswerPercent
Yes80%
No20%
Would you leave your current job for a 20% raise at a different company?
AnswerPercent
Yes67%
No33%
Do Your Company Leaders Do What They Should to Retain You as an Employee?
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