Thread regarding AIG (American Intl Group Inc.) layoffs

AIG is not that bad

I've been here for 7 years and I'd be lying if I said this company has not been good for me. I like what I do, I think it's meaningful work, and I am surrounded by good people. I am paid well, which also helps. I realize the situation is not the same throughout the entire company, but I still think that some people are exaggerating the bad. In any case, if you're not happy here, I hope you find a job that'll be better for you. At least now there are enough available options.

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Post ID: @OP+1eFuVoPa

6 replies (most recent on top)

How can IT implode, with the great Accenture and whatever other subcontractors they have running things into the ground?

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Post ID: @1ywm+1eFuVoPa

There are some good bosses and a lot of bad ones. Just wait until you get a bad one and check back in.

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Post ID: @1iej+1eFuVoPa

Yes, I don’t worry about it anymore. Most people around me don’t care, either.

This is a good preview of working in a government job, I suppose.

BTW, IT is about to implode.

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Post ID: @rro+1eFuVoPa

If there are folks from my division on here they will instantly know what I am talking about, but who really cares anymore. This is a perfect example of what everyone on here has been saying for years.

A well respected and talented marketing person worked in a region where they had great relationships with their brokers. They knew the territory, the ins and outs and were really respected both internally and externally. An opportunity for a higher position in this same territory presented itself. Folks that worked with this person for years, including me, knew this person was the best candidate and assumed they would be given the opportunity.

What happened? you know the answer. The position was given to a person from another company that was friends with the CEO and worked with them in years past. Here is the kicker. The friend that was hired for this position does not even live in the territory, never has. No experience whatsoever in this area. They have no relationships with any of the local brokers. No relationships with the field staff at all. Probably one of the least qualified candidates that applied.

So the very qualified tenured AIG veteran who was passed over for the job went to a competitor and is successfully taking business in the territory he knows well.

This happens times after time year after year. Is it any wonder that there is absolutely no loyalty to this company? Management doesn't understand that this does not stop when the shafted employee leaves. It permeates through the organization and absolutely crushes moral.

Sure, AIG is a paycheck, but there is little motivation to do anything other than just enough to keep your job while you look for a better opportunity. That's the truth about this place.

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Post ID: @usq+1eFuVoPa

To the first post - I’m sure everyone is grateful for a paycheck but you need to understand that, if your bringing in money as an UW through your renewals or even through new business throughout the year.. you are making AIG thousands of dollars while you get Pennies. Let me give u an example : you bring in 500k-$1M for a fiscal year and the best AIG does is give you a raise that probably adds another $50-100 to your paycheck in return.. does that sound right to you? You work hard to bring in new business or even retain business, which can be very stressful and that’s the best you get?

If you want a steady paycheck and are happy sure why don’t u just wiggle ur mouse every morning to pretend to stay active and maybe just attempt to keep your renewals at most. But for those who receive multiple submissions, work on them while maintaining their renewals, try to win new business and be an effective uw that communicates to all their brokers.. it’s hard work. And hard work needs to be recognized. So yes, a nice raise and promotions are what’s needed to feed that constant energy. Otherwise what’s the point? You work hard or hardly work and get the same results? Some bs to me

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Post ID: @xio+1eFuVoPa

It is all perspective. I am a consistent over achiever, every year above and beyond on year end reviews for many years. I make a paycheck and do okay. I get a few % cost of living a year and 100% sti. In my years here I consistently see people promoted over me not because of results, but because of who they know or who they knew at another company. If all you want is a paycheck out of your job then maybe AIG is perfectly fine for you. If you want career progression based on performance, then you need to leave and find a better company. I have found that most people at AIG hit their glass ceiling around 5 years. You may get promoted numerous times in the first 5 years if you are a superstar, but as soon as the new management team comes in you are pigeon holed.

If you stay past 5 years you go into the AIG legacy bucket which means you just exist. Maybe you do a great job, but really you just collect a check because your career is going no where. I've seen it hundreds of times and experienced it myself. The smart folks leave, I guess I'm not that smart.

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Post ID: @bzr+1eFuVoPa

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