Pay

As a leader in the insurance and financial services industry, it is our intent at State Farm to attract, motivate, and retain high-skill, high-will employees.  Offering a pay for performance compensation program is just one way in which we do this.

Providing a competitive pay package

Our pay package is designed to reward high performers and be flexible in meeting a variety of business needs.   It includes:

• Competitive starting salaries that consider the local labor market and a candidate's skills, knowledge, and experience
• Salary ranges that:
• Are reviewed annually to ensure State Farm remains a pay leader relative to the external labor market
• Vary based upon the cost of labor in a geographic location
• Review of jobs and their assigned salary grades on an annual basis to ensure competitiveness to the labor market
• Annual performance assessment reviews that measure an employee’s results and competencies against goals
• Annual merit and incentive reward opportunity
• Promotional opportunity

We are proud to offer a comprehensive performance and rewards package – just one of the many reasons why State Farm is a great place to work!