Switching jobs for more pay is a valid move when you are just starting out. Just make certain you aren't jumping from the bottom rung in one company to the bottom rung in another.
My career is about over, but I also jumped companies. My first jump was for a 60% increase in salary. My 2nd was for 40%.
My last was for job security at State Farm and to lock in another stream of income in the form of a pension.
@ffai-the same post has been made 5-6 years ago on the same site. Hint, hint, nothing will happen .
I have been with the company for 26 years. It has changed quite a bit and not for the better. It has become a stockholder company in terms of the lack of itegrity by its leadership and a mutual company when it rewards the top leadership. Yes while we are making money at the present time, claims have a long tail. Their decisions have decimated claims and left us with a minimal to zero pool of next generation leaders. Their move to wokism will end in a federal class action based on their move for quotas. They bragged about having 60% employees as woman. Hint, hint: equal protection. I am just waiting for the right time to leave. Not sure if I can make it to retirement.
Get our of insurance now. AI and driverless cars will change it forever.
I retired last year after 32 years in claims. I would discourage my two daughters, both recent college graduates, from working at SF. The retirement benefits, which were once a pride of the industry, have been greatly reduced. Admittedly, I was a very disgruntled employee my last two years. The Company beat any pride I had in my job out-of-me. Injury claims is a horrible place to work at SF.
If they 'retired from State Farm' why would they need to work. Did 99.9% of your contacts not plan well for their retirements?
My family has 3 generations of agents currently active and I am in operations leadership. I would not encourage my children to work for the company at this point. When I started 30+ years ago this was a great company to work for, now not so much.
So which is it? All retirees would never work at SF again or they are sending their relatives to work where they completed a career? One of those can’t be right. And thanks for the levity with the directed verdict comment-that was funny😄
One if not both of you are full of BS.
@bts. Family. I rest. It's a directed verdict.
So why do so many retires have relatives or even children working at SF then? I guess he could be talking about 99.9% of 1 or 2 people?
The long rambling response from the arts major.
"Today 99.9% of the people that I have talked to that have retired from State Farm tell me they would not work for the company today since there are much more better opportunities elsewhere. I tend to believe them."
Forget the math wth does the 99.9% reference?
I thought the ET problems were related to bad business case, bad timeline, or scope creep, or 3rd party integration? Did I leave any excuses out?
And they wonder why ET takes so long to get out programs. We have to plan for people like mathman who can't cypher numbers. We can't expect them to be able to do basic math.
LOL, @wvt-another PE major trying to do math. That ciphering is dad gum hard.
I congratulate you for your dedicated effort on surveying so many.
Well, I can't dispute 99.9% of people, that would be foolish.
Security in a job is key. Whenever you don't like your job you are not at your best and it is always best to get out at that point. SF was (WAS!) a secure job with a pension and a future even though you may have not gotten promoted. Today they have taken the pension, they have taken the COLA, they have taken the medical benefits from spouse at retirement, they have put you on time card, they have made the job a process job with very little room for a personal life. Take everything into consideration when leaving a job to go to another. Listen to the old timers who have been there, done that. Their experience is genuine. Today 99.9% of the people that I have talked to that have retired from State Farm tell me they would not work for the company today since there are much more better opportunities elsewhere. I tend to believe them.
mdv+1fS3Yvo6, as with everything, career choice is paramount.
Yes, State farm is more stable than most companies. just check with Caterpillar, Illinois Power, any small company over the last couple of years, etc. Cat lays off every few years, Illinois power no longer exists.
Did you say job security and State Farm in the same sentence? I’d love to hear more about that as a former LOC, now remote employee.