Allstate CEO Calls On U.S. Corporations to Pay Employees More

August 22, 2019

  • August 22, 2019 at 11:47 am
    KP says:
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    If you announced you were giving all of your employees a much needed generous raise I would believe you and other corporations would follow suit but you didn’t.
    Don’t waste our time with your BS lip service.

  • August 22, 2019 at 1:09 pm
    Jack says:
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    Worked for them for 5 years, all they care about at the top is the stock price. PC BS from them as usual.

    • August 22, 2019 at 1:12 pm
      Jack says:
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      Never forget the day I quit. My boss called me back for a review, I stood up in the middle of the work space and said that wont be necessary, I’m going to work for State Farm. Oh the humanity.

  • August 22, 2019 at 1:30 pm
    RIch says:
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    Really Tom? I remember Big A taking away company cars, forcing the older, higher paid employees out. The established agents, who made the Company a boatload of money, were replaced with slimmer contracted new producers. My guess, the job creation he speaks of will be outside of the US.

  • August 22, 2019 at 2:03 pm
    sak74 says:
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    “Sure, the unemployment rate is near a record low, but that figure masks the fact that many families are not financially secure,” Wilson writes. “Being broke while working is not an American value. Poor financial health creates stress, reduces hope and undermines capitalism.”

    But so many people live well above their means and refuse to cut back or prioritize what essentials they actually need vs. want……paying higher wages is just going to increase these already bad spending habits……

    • August 22, 2019 at 4:50 pm
      SWFL Agent says:
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      It’s interesting how spending habits and “necessities” have changed over time. In the past it wasn’t necessary for every member of the household to have an Iphone, internet, direct TV, and a blow dryer under every bathroom cabinet. Plus more people ate at home instead of fast food out. The quality of life has certainly improved by some standards but you have to wonder how much of the personal financial problems of today are caused by low wages versus the need to buy & own things we didn’t have in the past.

      • August 23, 2019 at 8:34 am
        PolarBeaRepeal says:
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        Unchecked spending habits on unfettered consumption is the root cause of downfalls of households and empire nations.

        • August 27, 2019 at 12:07 pm
          DC says:
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          I totally agree! I do volunteer work and have never been in a low income house that didn’t have a big screen tv and Xbox.

        • August 28, 2019 at 7:13 pm
          Poormouth says:
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          But maybe not so much as lack of access to health care, access to education, reduced life spans,–etc. You can’t practice unfettered consumption & unchecked spending habits until you have access to financing these unfettered habits.
          Unfettered spending on endless wars & welfare corporations is the more likely root cause. Take off that “Make America Great Again” hat & maybe your thinking process will begin to heal.

      • August 23, 2019 at 11:04 am
        sak74 says:
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        SWFL……I completely agree…….there is so much focus on higher wages being needed as so many people do not have enough to live on. It would be very interesting to see how people are actually spending their money. I know people that have good paying jobs and live paycheck to paycheck because they need to buy the latest and greatest and go out to eat all the time. I also know others who work low paying jobs but can afford to have some pretty nice extras because they are ok with not having cable, they are ok eating at home, they are ok with a cell phone that is several years old…..

  • August 22, 2019 at 2:19 pm
    John Agent says:
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    Please, Allstate is famous for cutting agents commissions. I do not know how they are going to make it in Northern Virginia with cuts. With one of the highest cost of living in the USA and with the 40th highest Home and Auto rates. This is an example of an executive that is 30,000 feet in the air and look out the window and says “We have some agents down below us right. Agents will make less percentage of premium when they work out of Sears with no overhead. Talk about out of touch.

    • August 23, 2019 at 12:30 am
      okt0ber says:
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      Make your numbers are you get up to 14%. How is that a bad amount of pay? It isn’t. 10% is plenty to run an agency even in expensive cost of living areas. OR, move someplace else that isn’t so expensive. We’re killing it in Texas.

  • August 22, 2019 at 3:11 pm
    Phil says:
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    You are really clueless Tom! You may want to focus on staff training and education first. If you are considering higher pay to the majority of incompetent agency support staff and not increasing agency commissions, you are way out of touch with your own operations.

    • August 23, 2019 at 12:28 am
      okt0ber says:
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      Agency support staff and agents are not employees. Actual employees of Allstate are generally well paid and they start with a full 28 days of paid vacation time plus holidays. I’m sorry, but Allstate is generous to their employees compared to other big corporations.

      • August 23, 2019 at 2:58 pm
        An Actuary says:
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        Their agents were employees before they fired them all. When I worked there, it was common knowledge that their pay was below average and the vacation package was really bad. Admittedly, that was a long time ago so things may have changed.

  • August 22, 2019 at 9:22 pm
    knowall says:
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    make more so they’ll buy allstate insurance?????

  • August 23, 2019 at 7:19 pm
    retired risk manager says:
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    Remember the old slogan, “when you are in good hands ……whops” Old enough to remember going to Sears and seeing the Allstate booth. So, where are the booths now. The same place the Craftsman tool guarantee has gone. ANYONE that buys on line is a FOOL.

  • August 26, 2019 at 11:44 am
    Agency says:
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    This is a way for the CEO to say “back off” when employees and in his case the agents are expecting more. Or it perhaps can be rephrased as ‘I care and that is all the counts.’ I don’t know how Allstate treats it’s employees, but it treats it agents horribly, especially when it comes to compensation. Sadly Allstate stands out in the insurance industry as having one of the most phony leaderships. This is the case today and it was the case for the last 50 years.

    • August 27, 2019 at 7:57 am
      CL PM says:
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      An Allstate agent belongs to my country club. He owns a $600k house, plays golf 4-5 days a week, travels around the country to play golf, always has a wad of cash (about $1500) in his pocket and is very generous with tips to club employees. Sure doesn’t seem like he has been treated horribly – he worked hard when he was young, grew his agency and has been compensated very well (And I know he does not come from family money.)

      • August 28, 2019 at 1:53 pm
        FFA says:
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        Agents are not employees, they are independent contractors. That being said, the cream does rise to the top.
        My nephew is an adjuster for Allstate. He seems to be doing well for himself.

      • August 28, 2019 at 7:37 pm
        Poormouth says:
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        Based on my observation & experience, he probably first went to work as a “green” Allstate agent, failed, then was hired into Allstate management as a district agency manager, telling successful agents how to succeed,— did that for several years while he polished his “connections” with upper management. He then was given the combined results of several years of hard work of several terminated Allstate agents. I will assure you he didn’t build a successful agency traveling around the country playing golf & hobnobbing at the country club. A certain “blanket” Insurer decided to imitate Allstate & hired a lot of failed & fired Allstate agents who tried to repeat that same process. This didn’t work out too well for the “blanket” company that has now decided that they will make the agents buy the business they thought they had already bought,— and in the process make every other independent agent in town a “blanket” dealer competitor.

  • August 27, 2019 at 11:47 am
    Augustine says:
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    If anyone wants to know the definition of virtue signaling, please read this article. :)

  • August 30, 2019 at 5:19 pm
    broke agent says:
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    25years as an agent. I make less today than i did 25 years ago. Our rates are the highest on the market and agents can’t pay their bills. Read Allstate’s annual report if you want to see how much the ivory tower people make.



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