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State Farm Insurance Claimed Company
At State Farm®, our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. We are passionate and driven to create possibilities, and we’re serious about being here to help life go right™ for customers by providing solutions for all of life’s moments. read more
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Low morale due to announcement of layoffs/severance buyouts of many in other departments. Leadership has this attitude toward employees that we are expendable and should just be lucky to have a job at all.
Why do you feel undervalued and what would make you feel better about your compensation?
They are suppressing salary by terminating the higher pay levels, while making the remaining levels much harder to get promoted into. 401k is a joke, while other benefits are much more expensive than where I came from.
What's going wrong and how can it be improved?
Agent model of selling insurance products is slowly bankrupting this company. We have overhead that our competitors just don't have...the agent commission. Things need to be changed, or thousands will be out of work in 20 years or so.
What does the leadership team need to get better at?
CEO/leadership comes off as treating employees as though they are only an expense, rather than an asset that you invest in. No loyalty or feeling of appreciation. High turnover due to only following metrics and making it a very dry, unrewarding atmosphere.
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