When a group of energy industry players formed Energi in 2005, aiming to offer better insurance options for businesses in their field, it decided the way to do that was to hire better employees. And the way to attract those employees was to treat them — and the work they do — with respect, says Brian McCarthy, chief executive of the Peabody company.
Thoughts from the top: “Executives are paid far too much in the insurance industry,” McCarthy says. “As long as I’m running the company, you won’t see executives being paid a million dollars. Our focus is always on our policyholders, independent agency partners, and employees, and we invest back in those relationships.”
Magic moment: Five years ago, Patrick Grogan, now underwriting manager, started at Energi straight out of college. Shortly thereafter, when McCarthy was scheduled to speak at a big event, Grogan was asked to help prepare the chief executive’s speech. “It made me realize my opinion is really going to be valued here, my input is really going to affect things,” Grogan says.
Office space: Energi has a large employee kitchen located right in the heart of the office. The fridges are stocked with snacks. Foosball, Ping-Pong tables, and a putting green are available for quick breaks. But the new space is more than a place to eat and play, employees say. It’s become a productive common ground for spontaneous work discussions and meetings.
Off hours: Sports-oriented events are especially popular among Energi’s young (and competitive) staff. Employees compete in charity Ping-Pong tournaments, play flag football, and participate in the Jimmy Fund Walk.
What sets the company apart, in a word: Teamwork