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The online mortgage lender’s move of more than 8,000 employees to Detroit from the suburbs in 2010 has helped spark one of the largest urban renewal projects in the nation’s history. The company has invested more than $2.2 billion into 14 million square feet of commercial space in the downtown area and is a leading corporate sponsor of a light rail line. Through the Live Detroit program, Quicken provides a $3,500 incentive to team members who rent a home in the downtown area or $20,000 in forgivable loans for a home purchase, and chips in another $5,000 for home improvements.Read the Great Place to Work review here.

 

Company Info

Rank last year12
# of years on list
13
Industry
Financial Services & Insurance
Year founded1,985
CEO/Top executive
Bill Emerson
HQ location
Detroit, Michigan
Type of organization
Private
Revenue (2015 or most recent year)
-
Web addresshttp://www.quickenloans.com
Total U.S. employees
11,504
Total employees outside the U.S.-
Full-time jobs added in last year
2,510
FT job growth in the past year
28%
Number of work sites
29

Perks

Company pays for 100% of healthcare costs
no
Offers health insurance to part-timers
yes
Offers telecommuting
yes
Offers job sharing
no
Offers onsite childcare
yes
Offers compressed work weeks
yes
Offers fully-paid sabbaticals
no
Onsite fitness center
yes
Discounted gym memberships
yes
Onsite medical care facility
yes
Location of medical facility
Only at Headquarters
Offers college tuition reimbursement
yes
Max tuition
$5,000
Offers paid time off for volunteering
yes
Max PTO for volunteering
8

Diversity

% Women45
% Minorities26
% African-American/Black
16.2
% Asian
3.3
% Caucasian/White
67.7
% Hispanic/Latino
4.2
% Native American/Alaska Native
0.3
% Native Hawaiian/Pacific Islander
0.2
% Two or more races
2.3
Same-sex benefits
yes
Non-discrimination policy
yes

Paid Time Off (FT employees)

Holidays
11
Vacation
15
Sick days
Set
General PTO
-
Total PTO after 5 years
31

Compensation

Most common job (for salaried employee)
Mortgage Banker
Avg. base pay (salaried)$23,407.52
Avg. extra compensation (salaried)$97,791.9
Total pay (salaried position)$121,199.42
Most common job (for hourly employee)
CCS - Mortgage Loan Processor
Avg. base pay (hourly)$32,576.31
Avg. extra compensation (hourly)$30,276.78
Total pay (hourly position)$62,853.09

Hiring/Staffing

# of job openings (as of Feb. 2016)186
# of job applicants
92,285
Avg. # of applicants per opening
-
FT voluntary turnover
13%
# of jobs filled
4,420
Jobs filled internally
456
% of jobs filled by referral
46%
# new graduates hired816

Training

Avg. hours of training per year (for salaried employee)350
Avg. hours of training per year (for hourly employee)275