Elephant Insurance increasing wages
Glen Allen-based Elephant Insurance is increasing wages for new hires to a minimum of $15 per hour.
The changes went into effect Oct. 8. More than 300 staff members at its Henrico County and Dallas offices also are receiving salary increases this month. These changes are affecting many positions at Elephant, including entry-level and call center jobs. The move is costing the company between $1 million and $1.5 million a year.
“We think increasing wages is an important action to reward our hard-working staff who take great care of our customers,” Elephant CEO, Henry Engelhardt, said in a statement. “We have big ambitions for Elephant, which we’re confident we can achieve through the dedication of our team.”
Elephant provides auto, home, motorcycle and life insurance to customers nationally. The company is a subsidiary of Admiral Group plc, an insurance company in the United Kingdom. Admiral employs more than 7,000 people and has more than 3.7 million customers around the world.