Vertafore Compensation Employee Reviews | Comparably
Vertafore Claimed Company
Vertafore is a leading technology company, dedicated to building software to modernize the insurance industry. Our purpose is to simplify and automate the insurance life cycle so that our customers can focus on what matters most. Our vision is insurance distribution that’s simpler, smarter, and more human. Vertafore was founded in 1969 and our current CEO is Amy Zupon. Since its inception, Vertafore has grown to 2,500 employees. We believe insurance is about relationships. And technology should only make them stronger. We exist to empower independent agents, carriers, and MGAs — to drive their success. Because their success is our success. And their ambitions for tomorrow are our goals for today. read more
This company is accepting feedback from verified employees
EMPLOYEE
PARTICIPANTS
1192
TOTAL
RATINGS
35150

Vertafore Compensation Employee Reviews

What is the best part about your compensation package?

Focus on performance based on bonus.

Review from Engineering Dept · Posted 4 days ago

The compensation package is competitive and includes valuable benefits that support employees' well-being. I also appreciate the stability, timely compensation, and opportunities for growth.

Review from Customer Support Dept · Posted 7 days ago

"The best part of my compensation package is the combination of competitive salary, benefits, and opportunities for career growth and recognition."

Review from Customer Support Dept · Posted 7 days ago

It's a fair salary with a good bonus opportunity. HR consistently works on our behalf to keep healthcare premiums realistic.

Review from Operations Dept · Posted 7 days ago

Flexible time off with no hassles.

Review from Operations Dept · Posted 11 days ago

The whole package is the best I've ever had out of being a Software Engineer for 20 years in five different companies.

Review from IT Dept · Posted 17 days ago

Bonus, annual raise is ok

Review from IT Dept

Insurance Group, Pension Plan & Bonus

Review from Customer Success Dept

Fixed Compensation with no variable attached to it

Review from IT Dept

Takehome as per offer letter coming

Review from Engineering Dept

Flexible PTO and hybrid work environment.

Review from HR Dept

I don't want to disclose

Review from Engineering Dept

The generous PTO and flexible first policy for work from home vs office help me from getting burned out, and keeps me wanting to do my best to stay here!

Review from Customer Success Dept

I am happy with what I have,

Review from Customer Success Dept

It would be beneficial to increase the health insurance coverage to better align with current hospital expenses. Additionally, including parental insurance as part of the benefits package would be an excellent enhancement.

Review from IT Dept

No best part so far

Review from Operations Dept

We have a fairly flexible PTO policy.

Review from Operations Dept

The health and wellness benefits are comprehensive, giving me peace of mind for my family?

Review from Customer Support Dept

Absolutely has to be the pickleball court.

Review from Legal Dept

Flex PTO and Monthly Sales Bonus

Review from Sales Dept

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

being paid 70% market value while expecting 100% effort. Wanting best of class performance while offering bottom of the barrel compensation. Actually rewarding and incentiving hard work and performance

Review from Engineering Dept · Posted 11 days ago

Overtime was taken away from my team with no warning, no notice, and the reason we were told came out as a lie and we still have no answers. Without over time, I'm not sure how much longer I will be able to afford to work here.

Review from Operations Dept · Posted 15 days ago

The compensation is much lower than similar positions elsewhere

Review from Sales Dept · Posted 17 days ago

I have been consistently paid below average salary for my career / role since I started working at Vertafore

Review from Engineering Dept

Pay can't cover rent and food. Hard to determine budget since most money comes from commission. the sales team beats company goals regularly and yet, no raises even with rising cost of living.

Review from Sales Dept

The pay needs to be much better and getting a pay raise with above standard reviews should not be restricted to if you received a promotion in the last year or not. It's very disheartening to see the showcase of Accelerate while making less than expected at a tech company

Review from Operations Dept

first senior role here giving salary in fresher range in outside

Review from Product Dept

Looking at similar jobs located in the same general location, pay at V4 is anywhere from 20-40% short of similar jobs. I understand that we have decent insurance offered, but I don't think that is a valid reason for pay to be so low. I think hiring at proper pay would allow for better talent.

Review from Customer Support Dept

Compenation can be kind of low for the amount of work some do. Especially taking the rising cost of living into consideration. While we do get normal increases, it still feels as though we're a bit underpaid.

Review from Customer Support Dept

Vertafore doesnt really care how much knowledge you carry when you do your reviews

Review from Customer Success Dept

The raises are never above 2% for excellent reviews. The promotion raise is a non-negotiable 6% - this includes the 2% yearly raise, which makes a promotion a 4% raise. They are increasing in office time to full time without warning and do not pay for parking. Benefits are expensive and awful!

Review from Finance Dept

As a MNC company CTC should match with role.

Review from Engineering Dept

It is well known that Vertafore offers below-market salaries with the idea that their long-term stability and, previously, work flexibility made up for that difference. But those latter perks are going away, which leaves people with below-market wages and little to no perks. So, why work there?

Review from Marketing Dept

I believe that employee benefits play a significant role in overall job satisfaction. Benefits such as comprehensive health insurance that covers family members, regular preventive health checkups, and wellness programs would provide greater financial security and peace of mind.

Review from IT Dept

I have 10 years of experience I think company is way under paid compared to our USA counterpart but we the same work.

Review from Operations Dept

Employee experience could improve by reviewing compensation and promotion benefits, addressing high workloads for senior members, restoring morale-boosting gestures, and offering more flexible work arrangements. These changes may enhance satisfaction, retention, and overall effectiveness.

Review from IT Dept

wages are lower than desired, would prefer fewer "perks" and more take home pay. Spend less on mediocre perks like gym benefits, and give me more money

Review from HR Dept

Salaries are significantly below industry average as is 401K matching percent.

Review from Marketing Dept

I think at every 5 years or so, salary normalization should happen as per the fair average market value for that role. That would help us to be competitive with the industry/market and retain very best top talent as the years progress.

Review from Engineering Dept

I feel that my compensation growth over time has not fully reflected my experience, contributions, and the evolving scope of my role. Greater alignment with market expectations, organizational scale, and a clearer connection between performance, role progression, and compensation would help improve

Review from Customer Support Dept

Review Sentiment at Vertafore

87
87%
13
13%

About Vertafore's Compensation

B
73/100

Where This Score Ranks Vertafore's Compensation

TOP
30%

In the Top 30% of 2155 similar size companies on Comparably

TOP
40%

In the Top 40% of 102 companies in Denver

2nd

2nd place versus 4 competitors rated on Comparably

1179 employees at Vertafore score their wages and compensation a B on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 62% say Yes. The Admin department is the most satisfied with their compensation, ranking it 93/100, a full 30 pts above the Product department. If you want detailed data about Vertafore's wages, see the <a href="https://www.comparably.com/companies/vertafore/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - Admin
    +20%
  • Department - Legal
    +14%
  • Department - Communications
    +12%

Rate Compensation the Lowest

  • Tenure - 2 to 5 Years
    -25%
  • Department - Product
    -10%
  • Gender - Non-Binary
    -10%

How Vertafore's Compensation Score is Calculated

FILTER RATINGS BY

Results from 1179 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes62%
No38%
Do you believe you're paid fairly?
AnswerPercent
Yes76%
No24%
Are you satisfied with your Benefits?
AnswerPercent
Yes96%
No4%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less4%
Every year75%
Every 2 years10%
Every 3 years or more1%
Never10%
How often do you get a raise?
×
Rate your company