Best place to work for-Quicken Loans

1. QUICKEN LOANS-A US BASED
COMPANY- “BEST PLACE TO WORK
FOR”
PRESENTED BY:-
• RAHUL YADAV
• RUTUJA VEKHENDE
• SHRUTI DUBEY
• SHUBHAM AGRAWAL
• SAYLEE DABHADE
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2. CONTENT:-
 Introduction
 HR Practices in Financial Service Industry
 Benefit Packages
 HR Practice
 Employee Referral Program
 Reasons For Success
 Facts & Principles
 Employee Benefits
 Conclusion
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3. INTRODUCTION:-
 Quicken Loans Inc., is headquartered in Livonia Michigan.
 Was founded in 1985 by Dan Gilbert, Ron Berman, Lindsay
Gross, and Gary Gilbert.
 William Emerson is the CEO.
 Provides home loans and residential mortgage loans.
 It is also the largest online retail mortgage lender.
 In 2012, it became the second largest overall retail lender in
the U.S.
 The company employs 10,000 people, with more than 8,000
now working in the city of Detroit
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4. HR practices in Financial Service Industry:-
• Earlier less importance given to HRM
• Conveyed a traditional approach
• Later HR made its own way to a strategic level
• Hiring of HR Professionals increased
• Performance Management remained in more focus
• Personal structures were redefined
• More investment on human capital
• Considered very important to adapt to the fundamental
changes in workplace
• Easy response to challenges by HR Professionals
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5. Benefit Packages provided by the Financial
Services industries in US:-
 Employee Stock Purchase Plan (ESPP)
 Medical insurance
 Dental Insurance
 Life Insurance and Accidental Death and Dismemberment
Insurance
 Premium Only Plan (POP)
 Flexible Spending Accounts
 Short/ long term disability insurance
 Vacation , sick and holiday leave
 Military leave
 Jury duty leave
 Workers compensation insurance
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6. HR PRACTICE AT QUICKEN LOANS:-
 Reimbursement Program
 Scholarship Program
 Wellness Incentives
 Child care subsidy
 Free trips
 Tickets Window Thursday
 Front Page Dinner
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7. RECOGNITION OF QUICKEN LOANS:-
 Placed in top 10 Elite Winner-2005
 Elite Award Category winner Headquarters
 Work life balance
 Recruitment & Selection
 Recognition & Retention
 Diversity & Multiculturalism
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8. EMPLOYEE REFERRAL PROGRAM:-
 Referrals are contacted by live program coordinator.
 Tracking the status of the Referrals online.
 Surveys
 Focused group discussion
 Trainings
 Bonus
 XO Leadership Program
 LEAD Program
 Home loan benefit program
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9. Reasons for the Success:-
 The Biggest Strength - 3300 Home loan Experts
Services of the Company:
• Direct access to mortgage specialists
• Online pre-qualification
• Instant comparisons & financing options
• Comprehensive home-financing information
• Real-time loan status information
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10. FACTS OF THE QUICKEN LOANS:-
 More then 22 years of mortgage lending experience
 Close loans in all 50 states
 Quicken is highly recommended by clients
 A 94% client satisfaction score
 They are the preferred mortgage lender for several American
top companies
 Quicken Loans Inc. closed $19 billion in Home loan volume in
2007
 2007 Employer of the Year award from the Michigan Council for
Internship
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11. Principles of Quicken Loans-ISMS:-
 Always raising our level of awareness
 The inches we need are everywhere around us
 Responding with a sense of urgency is the ante to play
 Every client Every time No exceptions No excuses
 Obsessed with finding a better way
 Ignore the noise
 It's not about WHO is right, it's about WHAT is right
 One team
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12. Cont..
 Do not over analyze
 Numbers and money do not lead
 A penny saved is a penny
 We eat our own dog food
 Simplicity is Genius
 Innovation is rewarded Execution is worshipped
 Do the right thing
 Every second counts
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13. EMPLOYEE PERKS:-
 11 paid holidays per calendar year
 Refer & Earn Program
 Discounts
 Home loans
 On-site public speaking classes
 High spending on rewards & recognition
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14. EMPLOYEE BENEFITS:-
 Medical Plans
 Dental insurance (Metlife)
 Heritage Vision Plan
 Short term & Long term disability Insurance
 Basic Life & Accidental Death & Dismemberment Insurance
 401K Plan
 Pet Insurance
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15. Top 10 companies to work for:-
 Rank Company Growth Rate
1 Google 60%
2 Quicken Loans 68%
3 Wegmans Food Markets 4%
4 Edward Jones 5%
5 Genentech 9%
6 Cisco Systems 17%
7 Starbucks 15%
8 Qualcomm 15%
9 Goldman Sachs 10%
10 Methodist Hospital System 11%
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16. CONCLUSION:-
 Quicken Loans acknowledged the various reasons for its
success to be placed in the fortune magazine’s list every year
among:
“100 Best Companies to Work For”
 And for the three times it secured its place as:
“BRIGHTEST COMPANY TO WORK FOR”
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17. THANK YOU
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