Ummm where is update information on our results for EIP.
8 replies (most recent on top)
Executives make a good living. The salary is sufficient. They should not be earning bonus money when the company is tanking. The executives should have to do an auto claims job. They need to see what is really happening. The TM's will hide the true story. They will say they are working thru it === to the detriment of the employees. Executives try being micromanaged every minute of your day. Try handling 51 geographic areas with different rules and someone breathing down your neck. Any you pay these employees how little to provide good customer service. TREAT YOUR EMPLOYEES RIGHT AND YOU WILL FIND THOSE EMPLOYEES WILL TREAT YOUR CUSTOMERS RIGHT. We need to eliminate middle management. Streamline the management - those are the big salaries.
I'd happily accept a share of Tipsy's bonus. Given that he's the one who tanked the business, that seems fair.
This whole profit sharing nonsense never made any sense at State Farm. That makes sense at small companies where employees have a tangible, direct line between their actions and the balance sheet.
At State Farm (particularly in Systems) where all the money is funny, and where it seems all the projects were cooked up in some lunatic's basement, there is no direct line. Hell, CDE screwed up things so badly that we can't even complete a lot of our projects no matter HOW HARD we try or how many hours we work.
So profit sharing is NOT a motivator.
Even if we finish a project on time, I couldn't tell you whether the enterprise would have been better off just lighting the money on fire. I doubt the business people could tell you either, if they were being honest with themselves.
It's just another asshat idea cooked up by these braindead executives. Probably because a consultant told them it would help.
If executives get bouns we all should. WTF
You don’t don’t sound like a jerk. You’re correct that bonuses unlikely
@Sr6dJU2-gcu is right, we lost money and customers in our underlying business. The only reason we made money is because of investments from the reserves. EIP does not reflect investments. I'm not counting on any bonus this year, or for some time to come because of how we are shedding customers.
Well you sound like a jerk How much was Tips bouns was it 6.2 million? We made money we did not loss any money.
With our policy losses we are below the zero payout level on the auto side. They don't want to post low EIP results at a time when people are already agitated.
Seriously, I don't mean to be a jerk but...how much bonus do you expect when we lost a crap ton of money and customers last year?