Colorado is getting a little job support from Allstate Corp. as it grapples with a statewide unemployment rate of 8.3%.
Allstate agency owners throughout the Rocky Mountain state plan to hire at least 70 new licensed sales agents by the end of the year, the insurance giant announced.
"It's important for the agency owners in Colorado to have enough staff on hand and it helps create jobs in the state," said Mele Telitz, a company spokesperson. "Licensed sales professionals help provide that support in both ways."
The hiring news comes on the heels of Allstate's plans to overhaul its sales compensation structure by cutting the base pay for all its agents by 20%, so that its top performers can receive bigger bonuses for bigger sales. "We are still in the process of working towards that new pay structure," said Telitz.
Candidates are expected to have top-notch selling and customer service skills, a high school diploma and the ability to obtain a property and casualty license at the time of hiring.
In the next few weeks, Allstate will be announcing similar plans for the nine other states in its West Central Region, including Missouri, Nebraska and Kansas, said Teltiz.
Candidates can apply for the sales positions by calling their local Allstate agency owners. Those hired will become employees of the exclusive agent and not Allstate.
Write to Damian Ghigliotty at Damian.Ghigliotty@dowjones.com