Allstate

  www.allstate.com
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A great company trying to repair several years of key mistakes

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Manager
Current Employee - Senior Manager

Pros

Brand is #1. Work life balance. New culture work is helpful to holding Sr leaders more accountable for their decsions, employee development and results. Financially solid. New President seems to understand how to turn the company around.

The CEO has done a nice job managing the investment portfolio and the Company has stayed strong throughout the recession.

Cons

Sr leaders have have made some strategic blunders in the past 10 years. It will be interesting to see if new President <Matt Winter>, can successfully execute on his vision and strategies.

By the way, if you are a minority, specifically Hispanic or Afro American, you will not go past a certain level in the Company, The Company is dominated by White Sr leaders and does not seem to care about diversity in relation to the SR leadership ranks.

We have been going through a period of hiring Sr leaders from the outside who look great on paper but they have not been successful. The ones that have been successful have come with good industry experience. A Northwestern MBA and a few years with a consultant firm does not translate into success at a Company like Allstate despite the CEOs best wishes.

Technology is inefficient and outdated. The Company needs to invest heavily in upgrading infrastructure. While they say they encourage innovation, there is little budget and tolerance for testing and devolving cutting edge solutions.

Advice to ManagementAdvice

1. Give Matt Winter the authority to do what he says he wants to do.
2. Fix your agency relationships. if necessary consider a bigger independent agent footprint
3. Invest in technology and innovation.
4. Promote from inside or from the industry

Recommends
Neutral Outlook
Disapproves of CEO

Other reviews for Allstate

  1.  

    Good work/life, horrible pay, tough to move up...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Adjuster
    Current Employee - Claims Adjuster

    Pros

    Great work/life balance. Benefits and time off are above average.

    Cons

    Compensation is some of the lowest in the industry.
    Good ol boy network. Numbers count for nothing, its all who you go drinking with.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    fine

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    nice people, decent benefits, good training program

    Cons

    not that much upward opportunity

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