Useless
19 replies (most recent on top)
Looks like new deal for agents coming soon, I hope they didn’t buy anything big.
When you make a customer a process in a service business, your mission and vision is lost and is doomed to failure.
@YGEK.....Cut your new agent a break. As you point out, you’ve been bounced around because new agents keep failing. These poor folks are caught between a rock and a hard place. If they spend all their time calling existing customers, they don’t make their new sales numbers and they’re gone. If they make their new sales numbers, some existing customers feel neglected. These new agents unfortunately have ONE priority in the beginning. Make the required sales to get an actual contract. If they do that....then they spend years trying to strike a balance that will allow them to actually earn a living. All agent contracts had a similar beginning, but on the AA05 I don’t know how anybody in a small to middle market ever survives.
Artificial Intelligence and bots....not as cool as they look
Look at your paycheck cut renewal comp in half and then add new commissions that will be our new annual compensation. To many bean counters running this place now. Told new agents around my market get your securities and mortgage operations up and running. Been a good run it was inevitable! Good luck to everyone.
Well, let's just say I don't know my current agent at all. They never contacted me personally from their office. My policy has been moved 3 times within the last 5 years from agent to agent as each one apparently bails. So who cares at this point.
Been planning on 5% renewal compensation, if they want the service they can have it to much hand holding at SF no other company does it.
25 years on board now I will take care on myself and family no partnership here started the old ASEP a long time ago. No more jam pack travel trips on 3rd rated airlines and doing the cattle drive. Been a good run now time to take care of family.
Yeah right, rest assured if we are working there it’s because we own the place. Curl up on the crusty futon in moms basement you jealous jag offs, Monday will come fast and you have to clock in early for your c-appy job. I will be walking the beach at my Florida vacation condo, if the weather warms up I may go back and check on my agency toward the end of March.
That ok 1ACL they have opening for the night shift at Circle K. You will be ok they give you all the free soda you want and a free Hot Dog during your shift. I’ll be looking for you what a loser.
Agent here, 97 contract, make damn good $$. No way in hell I would recommend the current agent gig to one of my kids or anyone else for that matter. It is such a one sided contract that sets the agent up for financial failure. The company really does not need to change much here, the older contract guys are retiring fast, 10 more years and the new ao5 agents are the majority. Our rates truly s—, this is a beat your head against the wall scenario right now. I’m just riding this into the sunset, and for all you jag offs out there I deserve to do so, I paid my dues so fk off.
As an agent I can say we are all good, just paid cash for a nice vacation condo down in Naples. I do really appreciate the concern everybody shows for us however, by and large we are pretty decent planners. I’ve been planning my exit since the day I took the job as any prudent person should be. If I may ask, what is your exit plan? Do you really think State Farm needs all these internals once we drop to number 45 for marketshare, which will happen just as soon as they start screwing with the agents in the agents exit. Take a look at Allstate, they lost a third of their agency force in 2011When they screwed with the agents compensation plan, they never have recovered from that. Will state farm take that path? Maybe. At the end of the day were all just along for the ride, hang on girls.
New AI robot agent advisors coming no compliance issues, no errors, works 24 hours a day and most of all no Whining!!!
I love my AI financial advisor with Wealth-front!
Agents better get a good exit strategy in play immediately it’s going to come quick!!
When the compensation changes (eventually) a lot of agents will leave. The older ones will leave, and the younger ones are already going bankrupt at an alarming rate while trying to fill State Farm’s coffers. These are smart, ambitious people with options. And while SF keeps cutting expenses, they require agents to keep paying legacy expenses that don’t always make sense. Agents employ more people helping customers than State Farm does now. Much of what agents do can be done remotely these days, but they are required to keep expensive, physical offices open from at least 9-5. They want agents staying open for extended hours......but they can only call in to service or underwriting in the 9-5 window. Customer walk in traffic is maybe 20% of what it was a decade ago, yet agents are still required to spend huge sums of money on that old model. There are better ways to make money these days.
They aren’t going anywhere, but the compensation will be going down dramatically coming soon, probably before the end of the year. Buyouts on old timers. Large portion of compensation will be driven by new production. Hopefully they didn’t buy anything BIG or live above there means. Worst cases will be agents that haven’t put anything away for retirement. Aren’t they financial planners????
@1suh.....Not just our tech. Allstate is shutting down Esurance because 1. It doesn’t sell anything compared to their agency force and 2. What it sells lapses at a ridiculously high rate.
And new business production will come from where? Not to mention service. Our online presence and technology is reminiscent of 1998. SF is the Amish of the insurance industry from a tech standpoint.
That you again MT?
Too much money for doing nothing.
Yeah. They keep bringing all the money IN to State Farm. They need to go.