State Farm Reviews
Updated Feb 14, 2012 – Reviews are posted anonymously by employees.
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Company Rating Based on 550 ratings Employees are "Satisfied" |
CEO Rating
Based on 361 ratings
Chairman and CEO |
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Pros
Company stability, reasonable benefits package, ethical workplace (always do what's right for the policyholders), safe workplace, company holidays off with pay.
Cons
Lots of money is being spent on outside consultants to tell us how to change, but all of the changes we're implementing are ideas the employees came up with.
Advice to Senior Management
I think work life balance is being neglected which can only go on so long before employees can't take it anymore.
Pros
Good benefits, higher pay than industry average
Cons
Lots of nepotism, very old fashioned and slow to change.
Pros
operations side is great and a good path to take
Cons
the operations side is great. the agency side is awful and they lie about everyhing.
Pros
Noteworthy company that treats policyholders well, given they follow company rules. Extreme focus on giving the best customer service possible.
Cons
Interview your potential agent! Don't be put in a situation where he hires someone more knowledgeable than himself as manager.
Advice to Senior Management
Stop opening agencies near each other! The saturation of agencies makes company products, practices, and services watered down.
Pros
good opportunity need to produce life to advance to agent
Cons
prices not competitive, depending on the agent you work for will decide how quick you advance
Pros
I enjoyed the people I worked with.
Cons
The locations in California are awful.
Pros
Great work environment, good co-workers. General overall work is pretty good. Definitely can get hectic at times. Benefits are typical of similar companies.
Cons
Defintely wish SFcould negotiate a little better rate for health insurance. A lot of old school mentality. Advancements can go to others that have less experience and education.
Advice to Senior Management
Don't try and always base favortism for those people who have family employed or who were employed with SF in the years past.
Pros
Up tp about 5 years ago, great benefits and job security. Still a very recognized player in the market, but not keeping up with the competition as far as rate and salary competativeness. New Agents are starving as they are required to have large service staff, but business growth is down and everything is revolving around everything except P/C insurance.. Life insurance and bank products is about it.
Cons
Tenured employees are no longer an asset as they continue to tell you we are. It is very much a favorites club as far as advancement opportunities. Now they are cutting benefits for new hires, and have just eliminated many health benefits for retirees.We need to move on and get beyond labeling everyone as which generation they are in. We all know that the tenured employees are their biggest expense, and offers for promotion and projects most always go to the new hires, so they know very little about the job they were hired in for before they are promoted to manage one of those areas in another zone. It is the Peter Principal at its best. In a zone that is constantly threatening to close or conolodate, they have laid off many 30-40 year employees within sight of full retirement, but since most of those employees started back when you had to be 25 to get credit for retirement, they are losing 25-40% of their retirement pay becasue they dont have 35 years in the retirement plan, although many have 37,38,39 years and are only 56-57 years old.Find a job that pays what State Farm does in this area- not going to happen. This is ruining families, and long time committed employees are getting hurt badly, and no one at corporate except their traveling band of HR cut throats come out and tell you that you cant ask questions, they wont answer any questions, etc. it is all about them not getting sued. Lots of wasted motion in all departments trying to look busy and cutting costs so management qualifies for their bonus. Read the other blogs.. the Pros are short and the Cons are long, and full of tired and stressed out people.
Advice to Senior Management
Look at what got this company where it is, and where you have come from in most of your short careers, and dont kill the goose that laid your golden egg. The VP's that took the early retirement package deal about 7-8 years ago are smiling every day when they see what a screwed up mess they got away from.
Pros
--good pay and benefits
--nice merit bonus program
--opps. for advancement depending on what department you work in
Cons
--very large corporation
---moves at snails pace
Advice to Senior Management
--keep listening to those work teams below.
Pros
Good pay, benefits, opportunity for advancement
Cons
No work life balance, excessive work load



