It would be nice to hear what other SF agents are doing to prepare for new contract changes. Set the bi--hing aside since many of us feel like venting. What is your business approach to the drastic changes to compensation.
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@hq You absolutely do not understand agency. It’s always been about making choices and decisions based upon State Farm’s current whims. The goalposts move all the time, and I actually recall one year where we were growing SO fast that in April, they simply shutdown the incentive programs for the year. There was also the actual shutdown of Homeowners sales. I had been writing 80 policies per month, and suddenly we were only allowed to write 4. Imagine a Claim Rep being told they can’t pay claims, they’re going to get yelled at all day because of it, AND they don’t get paid for it.
I retired at 60 a couple of years ago. I was an Agency 2000, AA97 guy. Mid career, I paid and travelled to attend some training to “step it up”………realized what they wanted for me was not what I wanted for me. So I lived on half and saved half for my last ten years and left.
The real deal with Agency is that State Farm is always messing with how agents make a living, and agents are always adjusting to it.
Long overdue agency has to make choices.
@fs I don't think any AA3/4 agents will take the new contract and give up their extended termination benefits!
The question was posted for agents to respond.
Not the trolls looking from the outside who have never experienced the financial uncertainty of running a business for the past 25-40 years.
Easy to criticize what one doesn’t understand.
Love to hear from actual agents. AA97 and AA 3/4
@aj absolutely. And a NASFA lawsuit. Same thing happened with AA97. It was MANDATORY until SF got pressured, then it became Optional.
If the Agents are still remaining then any changes are a complete waste of money. We are better off flushing a couple billion down the toilet than continuing to fund a dinosaur business model. They will still be stealing the company blind.....
Great. just a bunch of brouhaha. Trimming expenses to offset for incompetent operations (hubs). Also, create incentive to sell more overpriced life insurance and disguise it as financial services. Pie not bigger, just changing the slice sizes.
I have been saving for years. I think we all knew this gravy train wouldnt last forever.
Agency is a show is all it is. It isn't worth the show. Overpaid bunch!
Great decision by the senior executive team.
@a5 So what I’m hearing you say is that promises made in the past, and you based your business investments upon, shouldn’t be honored? Interesting take on the announcement.
Great move forward. Cream rises
I predict a wave of agent retirements.
Sounds fair & consistent. Going to a single contract puts everyone on the same playing field and compensation framework (aside from trimming the fat for those who don’t get onboard)
Long overdue!