TRANZACT Compensation Employee Reviews | Comparably
TRANZACT Claimed Company
MG LLC, a provider of sales and marketing services to insurance companies that does business as Tranzact read more
EMPLOYEE
PARTICIPANTS
174
TOTAL
RATINGS
2697
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TRANZACT Compensation Employee Reviews

What is the best part about your compensation package?

Its a competitive package with lots of opportunity for growth

Employer paid life insurance, health benefits, a set amount of free mental health sessions per year

Comissions and compensation and health benefits

Solid structure starting out here

The best part of the compensation pkg is the insurance and 401k.

We have a very competitive PTO package.

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

Very low compensation structure and hourly rate in comparison to what one can get as an independent agent.

Every month when i look at the comp plan that changes every month.

Poor commission structure. Low wages, benefits are garbage.

They changed compensation plans so we wouldn

Review from Sales Dept

I feel as though the leadership is undervaluing and underpaying the agents, who are the ones making the company money. Depending on how many sales an agent has for the month, there may not be any commission paid to them, and that minimum is consistently going up every month.

Review from Sales Dept

Not paying the agent who transfer the call more for that app than the agent actually doing the enrollment. Receiving our comp plan at the beginning of the month instead of the middle of the month.

Review from Sales Dept

The pay is not fair for the work we do.

Review from Sales Dept

Review Sentiment at TRANZACT

62
62%
38
38%

About TRANZACT's Compensation

C+
66/100

Where This Score Ranks TRANZACT's Compensation

TOP
50%

In the Top 50% of 2155 similar size companies on Comparably

TOP
50%

In the Top 50% of 634 companies in New York

1st

1st place versus 1 competitors rated on Comparably

105 employees at TRANZACT score their wages and compensation a C+ on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 53% say Yes. The Business Development department is the most satisfied with their compensation, ranking it 91/100, a full 44 pts above the Sales department. If you want detailed data about TRANZACT's wages, see the <a href="https://www.comparably.com/companies/tranzact/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - Business Development
    +25%
  • Experience - Entry Level
    +16%
  • Experience - Over 10 Years
    +16%

Rate Compensation the Lowest

  • Experience - 1 to 3 Years
    -31%
  • Ethnicity - African American/Black
    -26%
  • Ethnicity - Other
    -26%

How TRANZACT's Compensation Score is Calculated

FILTER RATINGS BY

Results from 105 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes53%
No47%
Do you believe you're paid fairly?
AnswerPercent
Yes71%
No29%
Are you satisfied with your Benefits?
AnswerPercent
Yes0%
No0%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less0%
Every year0%
Every 2 years0%
Every 3 years or more0%
Never0%
How often do you get a raise?
×
Rate your company