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I'm curious what the average salary is for an Associate Agent. I'm licensed & do everything after the sale is made as well as refer new business. I have 14 years in the industry but have been at the current company less than a year, so I know that plays a part as well. Anyone in a like-position by chance?State Farm Allstate Travelers
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Progressive will pay more to new employees than tenured employees, and keep it as secret as possible. It's why they don't want us discussing how much we make. If we did talk about it, I guarantee you there would be chaos. We'd all find out some of our coworkers are making more than we are and they've been here for way less time. Raises are subjective by your supervisor who decides how much you get. Your PE rating does not guarantee how much of a raise you will get. There is ZERO transparency when it comes to pay and raises. ZERO. The raises they do give us are also ALWAYS below the inflation rate. The company makes record profits, but they pay their employees as minimum as possible. They will always dangle Gainshare as the carrot to making more money, but it's not guaranteed.
We are all underpaid. 💯 And you know what? Too many people are happy with that.
Corporate greed is everywhere. Its the same thing at my company. Record profits how wonderful we are and then hand out $1k raises like they are doing you a favor. Pat you on back while pissing down your leg with a smile on their face because they got theirs. Very sad
From what I've heard, we'll be getting the same old low single digit raises. I've gotten a little bit cynical, when I hear talk of earnings and profits and how well things may be going I never assume any of that will trickle down to the employees. After upper management gets its compensation bump there's not much left to pass along.
We haven’t even been told about raises yes, but feel like we were set up to be disappointed by our CEO at USAA
Pro
Promotions are the only real means of pay increase
Progressive makes most job changes "lateral" moves so they don't have to pay you more for learning more.
Great gig they have going on, right?
My raise came in at a 3.9%. I have been job searching hardcore. I don’t want to move around anymore within. I’m ready to be the new employee that makes more than the tenured reps.
The company expected the whole return money thing, at least with Florida. If the company didn't, our gainshare wouldn't have been so high. I don't think anything is changing on raises.
Allstate lowered our dollar amount per item by 600$-1k. Triple the work for way less pay. Morale is at an all time low.
Try working at a local agency as an lsp and not seeing a raise,or benefits, or overtime...just more work for less pay. j
We will likely get around 1.5%. The worst in a while for sure.
They just joined a massive billon company SIAA to generate millions off customers. Things looking up.
Our pay was cut by $1.50 an hour across the board last year and now they’re saying it will potentially be raised later this year, while also implementing crappy AI and RTO policies
Very informational!
A raise is a raise which you should be lucky to get especially with the thousands of people currently out of work, soon to be laid off, people facing a possible loss of their SNAP, and some even facing homelessness.
Truth is that when a company's profits and stock are high it is normally due to trimming the fat whether that be having gone through / going through layoffs or some other downsizing.
Employees are the number one expense for companies.
This is the company they just joined SIAA. There profits will increase.
SIAA Model | Insurance Agency Network & Alliance | SIAA
SIAA (Strategic Insurance Agency Alliance) is the nation's largest alliance of independent insurance agencies, boasting over 5,200 member agencies and managing more than $16.7 billion to $17 billion in total written premium. Founded in 1995, it is a private company backed by Odyssey Investment Partners. SIAA provides immense value through, providing access to top-tier carriers, and generating over $500 million in additional income for members.
Annual raises of 3-4% have been the norm despite inflation and economic turmoil. I don’t expect that to change in the near future.