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TRANZACT Company Culture
TRANZACT Culture
This score is derived from employee ratings & reviews4.1/5
TRANZACT's Overall Culture is rated B
Top Rated Culture Dimensions
Manager
A+Office Culture
A+Environment
AExecutive Team
A-Leadership
A-TRANZACT CEO
Top 35%Top 35% of Similar Size Companies on Comparably
Andy Nelson
71 /100
See More
Diversity at TRANZACT
Top 50%Top 50% of Similar Size Companies on Comparably
C+
Diverse employees at TRANZACT have rated Manager, Team, and Office Culture as the highest categories they have scored
Women at TRANZACT
Top 30%Top 30% of Similar Size Companies on Comparably
B
Women at TRANZACT have rated Manager, Leadership, and Office Culture as the highest categories they have scored
TRANZACT 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 50%Top 50% of Similar Size Companies on Comparably
Recommend to a Friend?
0
TRANZACT employees are 0% more likely to recommend TRANZACT as a great place to work
| 37% | Promoters |
|---|---|
| 26% | Passives |
| 37% | Detractors |
Working at TRANZACT
Working at TRANZACT is rated highly by 174 employees, across various culture dimensions. TRANZACT employees are most satisfied about Manager, Office Culture, and Environment categories, putting TRANZACT’s culture in the Top 25% compared to similar sized companies on Comparably and in the Top 30% compared to other companies in New York. See below in detail how working at TRANZACT was rated by employees.
Overall Company Culture at TRANZACT
B
Overall Company Culture at TRANZACT is rated B
Last updated a month ago
Top
25%
TRANZACT ranks in the Top 25% of other companies on Comparably with 1,001-5,000 Employees for Overall Company Culture Score
TRANZACT Employee Reviews
Out of 103 TRANZACT employee reviews, 62% were positive. The remaining 38% were constructive reviews with the goal of helping TRANZACT improve their work culture.
| Positive Reviews | 62% |
|---|---|
| Constructive Feedback | 38% |
Positive Reviews From TRANZACT Employees
- What do you like best about the leadership team?Tenacity and willing to work however ling it takes.
- What are some of the best things about your team?Motivated, innovative, collaborativea dn truly care about the work they do
- What is the best part about your compensation package?Its a competitive package with lots of opportunity for growth
Constructive Feedback From TRANZACT Employees
- What do your coworkers need to improve and how could you work together better?Actually have an environment remotely where coworkers can speak with eachother and share information.
- 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.
- Why do you feel undervalued and what would make you feel better about your compensation?Every month when i look at the comp plan that changes every month.
TRANZACT Company Information
TRANZACT Company Overview
MG LLC, a provider of sales and marketing services to insurance companies that does business as Tranzact
TRANZACT was founded in 1997 and its current CEO is Andy Nelson. Since its inception 29 years ago, TRANZACT has grown to 2000 employees.
TRANZACT Mission, Vision & Values
TRANZACT Mission Statement
We help thousands of people make some of the most important healthcare decisions of their lives. Medicare and life insurance are unnecessarily confusing, and choosing the right plan is one of the biggest decisions someone can make in life. Our goal is to educate and help our customers navigate their options so that they feel confident in their decision.
TRANZACT Values
- Be Real
- Be Authentic
- Be Trustworthy
- Be Responsible
- Be Passionate
- Be Direct
- Be Unstoppable
- Be Fun
| Headquarter | Fort Lee, NJ 07024 United States of America |
|---|---|
| Website | www.tranzact.net |
| Founding Date | 1997 |
| Tel | 201-461-5665 |
| Company Status | Public |
| Stock | WTW |
| Jobs | www.tranzact.net/careers/ |
| Social Sites |
- Meet TRANZACT
Awards banquet
Annual company meeting
Women's shelter food and goods drive
Awards
Summer party
One Tree Planted Volunteer Day
Thanksgiving
TRANZACT Employees
TRANZACT has 2000 employees. 174 employees at TRANZACT have reviewed TRANZACT across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was a month ago.
Overall, the 174 TRANZACT employees give their leadership a grade of A-, or Top 15% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at TRANZACT are generally satisfied with their total compensation at TRANZACT, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at TRANZACT are pleased with their team. 174 Participants grade the quality of their coworkers a B. Half of them believe the meetings at TRANZACT are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at TRANZACT believe the environment at TRANZACT is positive. Most Participants believe the pace of work at TRANZACT is comfortably fast. About 54% of the employees at TRANZACT work 8 hours or less, while 2% of them have an extremely long day - longer than twelve hours.
Overall, the employees at TRANZACT are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
TRANZACT employees generally work 9.1 hrs a day
Work Hours
A Day in the Life
Employees at TRANZACT report the work pace is comfortably fast
Work Pace
A Day in the Life
87% of TRANZACT employees look forward to interacting with their team every day
Coworkers
A Day in the Life
TRANZACT employees most often take 15-20 paid vacation and sick days each year
Perks & Benefits
A Day in the Life
74% of TRANZACT employees report they are happy with their work life balance
Work Life Balance
A Day in the Life
TRANZACT employees typically get valuable feedback on how to improve at work Once a month
Feedback
A Day in the Life
76% of TRANZACT employees call their work environment positive
Environment
Joining TRANZACT - Employee Onboarding
TRANZACT employees concluded that their overall onboarding experience was positive. 100% 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.
TRANZACT KPIs and OKRs
Employees’ understanding of TRANZACT's KPIs and OKRs is essential for its success. Out of 66 TRANZACT employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 58 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
TRANZACT CEO & Leadership
TRANZACT CEO - Andy Nelson
71 /100
TRANZACT’s CEO Andy Nelson started in this role in 2019. Andy’s approval rate is just above average, putting Andy in the Top 35% of all CEOs of similar-sized companies on Comparably, and in the Top 40% compared to the CEOs of all other companies in New York. Andy Nelson is well regarded by employees for the Manager TRANZACT offers, and ranks among the Top 5% of CEOs by employees in that category. Andy is most liked by employees in the Business Development department and employees with 6 to 10 Years experience. However, employees in the Sales department have a slightly unfavorable view of the CEO. With Andy’s leadership, TRANZACT employee respondents are most happy about their Manager and Office Culture. Andy was rated slightly below average for Compensation.
TRANZACT Leadership
The TRANZACT Executive Team is rated an “A-” and led by CEO Andy Nelson, Executive Vice President and Chief Human Resources Officer Bryan Allen, and Senior Vice President David Byron
Andy Nelson CEO / President
Andy Nelson serves as the CEO / President of TRANZACT.
Bryan Allen Executive Vice President and Chief Human Resources Officer
Bryan Allen serves as the Executive Vice President and Chief Human Resources Officer of TRANZACT. Bryan started at... read more
David Byron Senior Vice President
David Byron serves as the Senior Vice President of TRANZACT. David started at TRANZACT in January of 2018. David... read more
Justin Adsit Senior Vice President
Justin Adsit serves as the Senior Vice President of TRANZACT. Justin started at TRANZACT in March of 2015. Justin... read more
Jim Palmer Senior Vice President
Jim Palmer serves as the Senior Vice President of TRANZACT. Jim started at TRANZACT in April of 2016. Jim currently... read more
Brian Lusk Vice President of Operations
Brian Lusk serves as the Vice President of Operations of TRANZACT. Brian started at TRANZACT in May of 2013. Brian... read more
Sarah Sherman Vice President of Finance
Sarah Sherman serves as the Vice President of Finance of TRANZACT. Sarah started at TRANZACT in September of 2018. Sarah... read more
Irfan Munshi VP Information Technology
Irfan Munshi serves as the VP Information Technology of TRANZACT. Irfan started at TRANZACT in May of 2012. Irfan... read more
David Hare Vice President Of Software Engineering
David Hare serves as the Vice President Of Software Engineering of TRANZACT. David started at TRANZACT in January of... read more
TRANZACT Salaries
How much does TRANZACT pay?
How much do people at TRANZACT get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at TRANZACT is $119,578, or $57 per hour, while the estimated median salary is $119,087, or $57 per hour.
At TRANZACT, the highest paid job is a Director of Sales at $215,365 annually and the lowest is an Admin Assistant at $47,200 annually. Average TRANZACT salaries by department include: Customer Support at $80,534, Product at $162,210, Legal at $139,356, and Design at $140,616. Half of TRANZACT salaries are above $119,087.
105 employees at TRANZACT rank their Compensation in the Top 50% of similar sized companies in the US (based on 248 ratings) while 103 employees at TRANZACT rank their Perks And Benefits in the Top 40% of similar sized companies in the US (based on 167 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $69k | $69k | 1st Percentile |
17th Percentile $95k | $95k | 17th Percentile |
33rd Percentile $117k | $117k | 33rd Percentile |
50th Percentile $176k | $176k | 50th Percentile |
67th Percentile $228k | $228k | 67th Percentile |
83rd Percentile $270k | $270k | 83rd Percentile |
100th Percentile $293k | $293k | 100th Percentile |
$119,578*
Average Compensation
$119,087*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
TRANZACT Salaries by Department
Diversity & Inclusion at TRANZACT
Diverse employees at TRANZACT score the company 68/100 across various culture categories, placing TRANZACT in the Top 50% of companies on Comparably with 1,001-5,000 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at TRANZACT across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
TRANZACT Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Performance Bonus
Office Perks
- Free Food
- Company Social Outings
- Work From Home Policy
TRANZACT PTO
TRANZACT's PTO and Vacation policy typically gives 15-20 days off a year.
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?
TRANZACT Careers
TRANZACT Jobs
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Let TRANZACT Know You Want To Work There
Overview of Candidates Interested in TRANZACT on Comparably
Candidates By Department
IT | 100% |
|---|
Candidates By Location
Columbus | 100% |
|---|
Frequently Asked Questions regarding TRANZACT
Who is the CEO of TRANZACT?
TRANZACT CEO is Andy Nelson, their score by employees is 71
What is the salary for Copywriter in TRANZACT?
Copywriter average salary in the US is 99k
What are the salaries in the Finance in TRANZACT?
The average salaries for Finance in TRANZACT is 89k
How many employees work in TRANZACT?
TRANZACT has 2000 employees
What are the benefits at TRANZACT?
TRANZACT perks and benefits are Dental Insurance, Vision Insurance, Health Insurance, Life Insurance, PTO / Vacation Policy, Paid Holidays, Maternity / Paternity Leave, 401K / Retirement Plan, Performance Bonus, Free Food, Company Social Outings & Work From Home Policy
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