Last Chance: Find Out Who’s Worth What in Today’s Independent Agency

By | March 30, 2011

Don’t miss your opportunity to participate in Insurance Journal’s 2011 Agency Salary Survey. Once again, the survey will ask insurance agents and brokers nationwide who’s worth what in the independent agency system.

The 2011 Agency Salary Survey results will be compiled for a special report in the April 18, 2011, issue of Insurance Journal magazine.

All independent insurance agents and brokers are invited to participate. Individual survey responses and information will be kept strictly confidential, however, overall results will be published by Insurance Journal.

The survey provides important information on insurance agency compensation trends, and takes less than 10 minutes to complete.

In last year’s survey, half of all agencies reported that salaries stayed about the same in 2009 compared to 2008. Even so, 34 percent said salaries were lower in 2009 than in 2008, one reason why employee morale suffered at that time.

In 2009, most agencies (55 percent) reported staff sizes remained the same despite tough times, and owners expected that trend to continue throughout 2010.

On the downside, some 15% of all agencies reported cutting benefits in 2009, while 21% reported shifting more health plan costs to employees.

How did agency salaries fare in 2010? Did hiring and compensation trends change? Were benefits again on the chopping block in the today’s independent agencies? Find out by participating in IJ’s 2011 Agency Salary Survey today. The deadline to complete the survey is Friday, April 1.

If you have any questions, contact Andrea Wells at: awells@insurancejournal.com.

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