Second agent in 30 days commits suicide! Yes this is being reported on message boards now. Just last week another Allstate Agent committed suicide due to the extreme pressure put on agents. He was told his termination letter was on the way.
This is all very sad. Allstate started on this Scientology method of management quite a few years ago. The damage done to personal lives has been devastating. These are not the “few disgruntled agents” that the company spin says….These are good agents the made good money for the company.
The real sad thing is how the pressure has gotten to many of us. Some agents are so backed into a corner that they are taking desperate measures to survive. And some don’t see any way out!
I was an Allstate agent for 32 years. I was one of the “chosen ones” who was always in good standing with the company. Always made all of my quotas and bought in to most of their programs. But being in good graces with this company is a slippery slope. The threats are always there. The job was killing me. Thank God I was able to sell my profitable agency last month. The choice was to take on a huge financial risk and buy another agency or two to “get to scale” or get out. I was in a position where I could make some personal changes in my life and move on.
The company wants the Allstate Agent to “invest in their business”. The problem is how can you take on a huge financial risk in this environment? As a business person you need to develop a business plan at least five years out. Allstate is so bipolar, it is impossible to make a plan without any real expectations of what to expect from the company!
So, us “few disgruntled agents” are leaving in droves. We built this company and were willing to continue our hard work. But the company does not value us anymore. Guess who goes with us? Yep, the “personal touch loyalists” the customer base that we developed.
This company is going the way of Sears. This management team is like Gadhafi. Complete denial! How to these people sleep at night?
You have it right, I was a 30 yr agent that sold a couple yrs ago, also met the goals but the stress was unbearable with a questionable future. They forgot that the agents brought in their revenue. I copied a statement from Crains' that said it all.
"In 2010, Encompass accounted for just 4% of Allstate’s total premiums, down from7% in 2006. The vast majority of Allstate’s revenues come from its network of 12,000 Allstate agents."
TC's poor management decisions and misguided focus has definitely taking Allstate down the Myopic Sears Road. The dispair of many middle aged folks who made this company great is felt from coast to coast and any life lost due to this mismanagement and economic downturn is a stain that will remain with this Poor Management Group for a lifetime.
Current Management is now relying on Brand; but they fail to realize that the All Brand is only as good as those who represent it, Not Those Bean Counters In Management, and unlike the Golden Arches, the products they now put on the table is much higher than the competition and they hide behind the Stakeholders need for increased stock prices while at the same time they reduce the dividends and waste Billions on buybacks that could be better used to lower prices and show their consuming public a real appreciation for Our Personal Touch Loyalist.
While they blame the Agents for lower production levels and loss of PTL's, they go out and invest Billions in CDS's and now blame the Investment Firms for their poor decisions and lack of due diligence on their part.
This Blame Game has Failed them in the Past and will Fail them in the FUTURE. We need CHANGE NOW.
TPP and take your client s with you. Personal touch market wants YOU. I have a plan B, and I plan on leaving soon, with my staff, and will take most of my clients with us. There is a special place in Hell for our CEO and the rest of his puppets..............BURN you BAST---ds!