Allstate Insurance – Albuquerque, NM
The Agency Sales division helps develop business policies, processes and programs as well as provides a broad range of support designed to help over… Allstate Insurance
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I have been working at Allstate full-time (more than a year)Pros
Company is growing like a weed due to some really positive business practice changes in recent history.
It's nearly impossible to get fired; this makes it a great company for someone who doesn't have a ton of experience but is a hard worker. Failing is seen as process of learning.
Allstate is transforming from a 'gut-feeling' decision company to data-driven decision company. This means younger/fresher minds making big decisions.
New senior managers are superior to those they are replacing. This company has a great future.Cons
Old company that is stuck in its ways. Many of the managers were successful 20-30 years ago and have held on to their comfortable job for the pension. These managers don't want to rock the boat or risk their career on a new project, so things move very slowly.
The top 25% of talent is not adequately compensated for their abilities. The top 5% of talent is promoted very quickly through the very limited management spots at Allstate. The next 20% of talent occasionally gets an analyst promotion (~10% pay increase and no new responsibilities) and maxes out their annual merit increase (~7% per year). This group could make substantially more at a start-up-style company.
The best workers don't have much work-life balance, but the typical 9-5 employee does not progress in their career. At Allstate, you really have to choose between the two.Advice to ManagementAdvice
There needs to be less management layers.RecommendsPositive OutlookApproves of CEO