So any “raise” less that that is actually a PAY CUT. Policy premiums are keeping up with inflation so I would hope our wages would too. Just a friendly reminder with “performance reviews” coming up
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After working for Allstate for 6 years, I switched to a competitor and it added an additional 20k to my salary . Please don’t settle for your skill set. Someone else will value it. I could have worked for allstate for another 10 years and gotten the BTE at year end; it probably still wouldn’t amount to the 20k pay increase. Allstate overworks and underpays.
@1hsn-Biden shut down 1 pipeline-keystone. That pipeline delivered oil from Canada to Tx coast for shipment overseas. It had virtually no impact on US oil supply.Biden has approved more drilling permits in his first 10 months than any president except G Bush much to the chagrin of progressives. The price of oil today is at same level as October of 2018 under Trump.
I am at Progressive, and make more than I did in my 5 years at Allstate. And Progressive not only pays higher, but also has gainshare that they give back to their employees at the end of the year depending on the health of the company.
@1rzp+1dPAhUta at some point employee retention is what's best for Allstate...
To the poster - I understand you're argument. However, I doubt Allstate pays anything more than the 3% they always pay. Remember, during a worldwide pandemic they laid off thousands only to scramble two - three months later to rehire for the same positions they laid off. Allstate will always do what's best for Allstate and not the employee
"Brandon" is a straw man set up by people who dont understand macroeconomics in general and fiscal policy specifically. It is the brand name of the misinformed.
@1jim+1dPAhUta if they refuse to adjust for inflation, I'll get off my a-s and get a better paying job. Since I'm in tech, shouldn't take more than a few days.
I currently work for both Progressive and Allstate in very similar positions with Allstate paying slightly more. Neither is doing a thing to help their employees with this inflation.
Inflation has nothing to do with the president elect. We are coming out a global pandemic with international shipping issues, worker demand, etc.
There is no "COLA" increase at Allstate. There is a "Merit" increase. Sometimes companies will adjust the merit increase up or down based on inflation.
Your salary is roughly 70% of your compensation based on your grade level. The lower your grade level, the higher the percentage of fringe benefits as part of your total compensation.
Fringe benefits (401k matching, pension, health insurance, life insurance, etc.) account for the other 30% on average. This other 30%, especially health care has been increasing astronomically over the consumer inflation rate for over a decade. That is one thing that has been holding the salary component of compensation down for awhile in many companies.
Sometimes companies will set the annual average merit increase at inflation less the cost differential of the fringe benefit increase. Sometimes not. And these salary scales are often regional to accommodate local employment conditions .
The bottom line is Allstate will set the merit increase scale based on what they think they can absorb into the customer's rates and how much they value recruiting and retention in the American employee base.
As noted by someone earlier. Chasing fair compensation at Allstate is turning into playing a game of "catch the greased pig" and if you have the option to change careers or companies, this next merit cycle may give you the last push you need.
When did you all earn the right for a cost of living increase…it’s called a merit increase. Out perform your goals and your competition…meaning your coworkers for those that don’t get it…or suck it up…minions
@1wqj+1dPAhUta ok so never give a cost of living adjustment? That would be Tommy boy's preference.
COLA is calculated based on the last 12 months average inflation... Which is approaching 5% thanks to the incompetence that was elected last fall... Typically it's around 2 - 3%, about what the average raise is.
But in extraordinary years like this, a 2-3% increase is a pay cut in the relative value of the dollar. Add the labor shortage to the mix, you're missing out on money if you get less than 10%... Which you can easily find outside of Allstate with a little effort
If there is ever a year where inflation is negative, then and only then can we discuss a pay cut in COLA.
@1ifb-i am sorry but you are the one that doesn’t understand. You cannot pick a point in time and then extrapolate that into perpetuaty.
With the job market the way it is, why settle for 6% when you could get 10% or more by moving to a different company
@lpy+1dPAhUta, that isn't how it works...
Inflation is always present, but the cost of living adjustment is supposed to be at least in line with what it is at the point of the adjustment, otherwise you're missing out on pay relative to the value of the dollar moving forward.
If inflation goes negative for a year, then we'll talk about a pay cut for that year
And if inflation goes down you are ok apparently with a pay cut.
Just paying our fair share - the socialists