Fallout of 2020 - Financial Analyst Allstate Employee Review

3.0
Jan 11, 2021
Recommend
CEO approval
Business Outlook

Pros

Advocacy for work-life balance: Leaders and managers for the most part seem pretty understanding and encourage team members to voice their needs, whether it is spending time with the children or family at home, taking frequent breaks, or having shorter meetings... At least in theory. These are all ideas that were so frequently repeated and discussed in meetings with management that you hope, if not for you, it happens for someone, somewhere.

Cons

Confusing corporate terminology: At the onset of the pandemic the company's executive officers pledged a steadfast commitment to "Transformative Growth." This makes sense because by definition, if something grows, it also transforms. The phrase is grammatically sound. Some mistakenly believed it meant company performance would grow faster than the number of COVID cases. During a Town Hall meeting in early spring we were told Transformative Growth meant that there would be a 0% reduction in the work force. However, three months later management said that, due to Transformative Growth, the company would see an 8% reduction in workforce. It was unsettling and many troubled employees started working late, often past 8:00pm or 9:00pm local time, performing due diligence and internet searches for all possible definitions of "Transformative Growth." It later turned out that the phrase was just a colloquialism for "shareholder profit." After this realization, things settled down and 92% of the original work force went about their day.

Explore other reviews about Allstate

5.0
Jun 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Great company, nice people, good environment

Cons

None . Had the best time there.

3.0
Jun 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Great base pay, benefits, 401K match, and standard corporate perks. Plenty of networking opportunities all across the country, the ability to support local communities, and a commission structure with good intentions and potential

Cons

As a company, Allstate lacks awareness of their role within the industry and within the country, fully acknowledging that their rates are NEVER the best (not sometimes, NEVER). At a time when everyone is conscious of their spending, selling a more expensive (and oftentimes identical) product not only feels wrong - it's unsustainable. There is a severe lack of program direction, poor understanding of the different states' geography and demographics, and complete void of accountability or clarity. An entire product launch was delayed by a month on the day it was supposed to launch, with an explanation never fully arriving and acknowledgment finally trickling down several days later. Of course, this leads to an overuse of corporate speak excuses in an endless cycle of "circle backs" because nobody ever knows what is actually happening or WHY. On top of all that, the technology is laughably outdated, with monitors that feature known defects and an "in-house approach" to all of their software that doesn't even feature a modern CRM. Like the hardware, known system-wide bugs were rampant within these Allstate branded systems, leading to embarrassing conversations with prospects and partners. MS Teams and Outlook will go off late into the night, well beyond normal business hours, all under the excuse of differing time zones and "sharing successes."

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