Source Insurance

Working with a panel of leading insurers, we help you tailor cover to suit your clients’ needs and demonstrate research in one place.
Hidden mission statement
http://www.thesource.co.uk

Officially a Very Good
Company to Work For

Officially a Very Good
Company to Work For

Officially an Outstanding
Company to Work For

Officially an Outstanding
Company to Work For

Officially a World Class
Company to Work For

Officially a World Class
Company to Work For

Officially a Good
Company to Work For

Officially a Good
Company to Work For

Officially a Global*
Good Company
to Work For

Officially a Good
Company to Work For
Globally*

#
15
Best Company to work for in the UK
May 2021
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th
Best Company
to work for

Staff at Source Insurance never need to worry about making their voices heard – the company takes feedback through huddles, scrums, emails, surveys, face-to-face chats and even Post-it walls.

This culture of collaboration and transparency also sees directors and senior managers drop in on team huddles and make calls to people outside their usual line management.

During the pandemic, the Cardiff-based insurance intermediary sent a daily Newsflash email, with fun updates, staff celebrations, images of colleagues working from home and supportive tips. This was supplemented by regular emails from the managing director.

All staff continued to work throughout the pandemic – furlough was not used – and Source is now introducing a 50/50 split between home and office working for many of the team. The company is looking at introducing a four-day week.

Employee benefits include a bonus scheme, with the quarterly payouts determined by the business's performance. A new rewards scheme, to replace the current Compliments system, will allow staff to build up gratuity pots through nominations from colleagues.

Much has changed in the 28 years since Source was launched to give financial advisers easy access to insurance products, yet the industry still issues a large amount of paperwork. To be kinder to the environment, Source tasked a working group with compressing its 32-page new business pack into a four-sided insurance policy overview pack, known internally as an iPOP.

Featured Workplace Factors

Personal Growth

91% of staff agreed

The experience I gain from this job is valuable for my future


The company has introduced an official development scheme, called #TrainToGain, which is founded on a philosophy of self-development and empowers staff to take ownership of their progression. It will support employees working towards industry qualifications as well as continuous professional development activities.

My Team

94% of staff agreed

My team is fun to work with


At Christmas, the elves from the Source Community Team asked all staff what was top of their Christmas wish lists, then wrapped the presents – valued at up to £100 each – and delivered them by courier. Staff posted videos and photos of themselves opening and enjoying the gifts.

Wellbeing

97% of staff agreed

I am happy with the balance between my work and home life

Source has introduced a “Me Day” that can be taken spontaneously by staff to boost their mental wellbeing by recharging or relaxing. The day does not count as sick leave, and was promoted to employees even while they were working from home.

Quick Facts

Organisation established in
1993
Total number of employees
1
Number of UK locations
40
Employee average age
60% : 40%
Male : Female employee ratio
28%
Employees earning £35k+
14%
Employee turnover (voluntary)

Benefits

Maternity

Companies offering at least 10 weeks’ full pay or generous alternative.

Profit Related Pay

Companies where Profit Related Pay is available to all employees.

List Positions

National Ranking
#
15
Best Small Companies to work for in the UK
National Ranking
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15
Best Mid-Sized Companies to work for in the UK
National Ranking
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15
Best Mid-Sized Companies to work for in the UK
National Ranking
#
15
Best Large Companies to work for in the UK
National Ranking
#
15
Best Big Companies to work for in the UK
National Ranking
#
15
Best NFP Organisations to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
#
3
Best Companies to work for in the UK
Sector Ranking
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3
Best Companies to work for in the UK
London
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Best Small Companies to work for in London
London
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Best Mid Sized Companies to work for in London
London
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Best Mid Sized Companies to work for in London
London
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Best Large Companies to work for in London
London
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Best Big Companies to work for in London
The Midlands
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Best Companies to work for in the Midlands
East of England
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Best Companies to work for in the East of England
The North East
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Best Companies to work for in the North East
The North West
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Best Companies to work for in the North West
Northern Ireland
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Best Companies to work for in Northern Ireland
Scotland
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Best Companies to work for in Scotland
The South East
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Best Companies to work for in the South East
The South West
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Best Companies to work for in the South West
Wales
#
9
Best Companies to work for in the Wales
Yorkshire & The Humber
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Best Companies to work for in Yorkshire & The Humber
Quote from the top...
"We see Best Companies as meaningful recognition of the culture that every member of Source works to create and a cause for celebration. Our people’s wellbeing and satisfaction is paramount to us and this is another opportunity to canvas their opinions and gauge what matters to them. However, we also see it as an important opportunity to benchmark our offering externally and learn from others that take part. It enables us to access information on great initiatives that we can then consider introducing ourselves, which keeps us fresh and in tune with emerging themes in the workplace. For us, it is all about being an employer of choice and Best Companies offers us a way to measure that and drive continuous improvement for our people."

Tania Frowen, Managing Director - Source Insurance

Want to work for a Best Company?

If you like what you see and are interested in exploring any opportunities, please visit the organisation's careers page for more information.

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