Cracks Grow During Difficult Times

by | May 12, 2022

The frequently heard auto glass commercials remind consumers that small chips and cracks in a windshield grow into something more noticeable and debilitating under harsh conditions or stress.

This is exactly what’s happening to many agents right now.

The cracks are things like a disappointment with a policy, an unresolved conflict with a manager, a CRM that’s outdated, a lack of administrative support, or other things getting under the skin of an agent.

Rising interest rates, inflation, low inventory, and stock market unrest didn’t create the cracks—they’ve been there all along.

The only thing changing is the terrain.

For the last 18 months, the road has been relatively smooth, and it allowed agents to operate at high speeds without aggravating these underlying cracks

We may be heading into a stretch that feels like a rough mountain logging road full of potholes, rocks, and other obstacles.

Under these conditions, the dormant cracks grow, become more obvious, and cause agents to say things like:

I need to get __________ fixed!

If your own agents are feeling this way, they’re vulnerable and may start looking at options in other companies.

If your competitor’s agents are having these feelings, there’s an opportunity to solve their problems.

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The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.