Selectquote commission structure Skills/Abilities: Sep 14, 2024 · In the middle of our fourth quarter, a large carrier partner of ours shifted to an industry-wide ratable commission structure in fiscal 2025 compared to a structure that was more front-loaded in Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate. is a digital insurance marketplace headquartered in Overland Park, Kansas. Skills/Abilities: Feb 7, 2023 · SelectQuote (SLQT-1. 18 EPS, expectations were $-0. 1,358 SelectQuote reviews. Call Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate. [relinking] Home History Owners Mission How It Works How It Makes Money SelectQuote, Inc. 1 for career opportunities. But I got a cubicle and a box of cards. Skills/Abilities: Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate. 62. 94%) Q4 2024 Earnings Call Sep 13, 2024, 8:30 a. 15%) Q2 In this case, the benefit to SelectQuote is cash efficiency as the commission structure is more front-end loaded and the cost to generate these policies is often 217 SelectQuote reviews. If you do not work 45+ hours every week your pay will go down the next week. Matt Gunter - IR Tim Danker - CEO Ryan Clement - CFO Bob Grant - President Bill 30 SelectQuote reviews. Aug 29, 2022 · SELECTQUOTE, INC. Sep 13, 2024 · SelectQuote (SLQT-3. The Company’s receivables totaled Feb 8, 2023 · SelectQuote, Inc. (NYSE: SLQT) (the “Company”), a leading distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform, today announced that the Company signed a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners. Skills/Abilities: Oct 16, 2024 · SelectQuote, Inc. Contents: Prepared Remarks. (NYSE:SLQT) Q4 2024 Earnings Conference Call September 13, 2024 8:30 AM ETCompany Participants. Sep 13, 2024 · Capital Structure Constraints; Growth in 2025 will be tempered due to delays in securitization and changes in commission structure with a major carrier. We understand that the dynamic sales environment can at times be challenging. Commission structure was a joke. Employees also rated SelectQuote 3. (NYSE: SLQT), a leading distributor of Medicare insurance policies and owner of a rapidly-growing Healthcare Services platform, today announced the completion of a $100 million securitization transaction on October 15, 2024. 2 million Adjusted EBITDA* of $87. (NYSE:SLQT) Q4 2024 Earnings Call Transcript September 13, 2024 SelectQuote, Inc. AND SUBSIDIARIES. 2. 26 SelectQuote reviews. Success is closely tied to meeting or exceeding sales targets. Follow Sep 13, 2024 · 4th Quarter Fiscal 2024 Earnings Conference Call Presentation September 13, 2024 includes: (a) review and analysis of regulatory filings made by SelectQuote with the United States Securities and Exchange Commission (“SEC”); (b) press releases, presentations, and media reports issued and disseminated by the Company; (c) analyst and media reports concerning SelectQuote; Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate Competitive, self-motivated personality - You need to have a drive to overcome customer objections and compete with yourself and other agents to succeed and hit new goals. Revenue $ 97,917 $ 37,331 $ 7,126 $ (2,980 ) $ 139,394 Net commission revenue adjustment from change in estimate for Senior cohort Sep 13, 2024 · The company is licensed to sell insurance in all states except South Dakota. 2 for culture and values and 3. 1 million Net income of $53. It’s important to factor in not just the structure of your home but also things like furniture, electronics, appliances, and even personal items such as jewelry or collectibles. They have a really convoluted commission structure and they hide it from you during training. You will need Morse code, Braille and Sign language to understand pay structure however you must attest that you have a clear understanding. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. SelectQuote, Inc. They say it's to help the agent, but the agent is getting a set pay for each policy now while the company is making the money from the policy amounts and paying the agent less and they are keeping more. Reported EPS is $-0. So I just applied and had a pre interview chat with someone from SelectQuote. How satisfied are employees working at SelectQuote? 50% of SelectQuote employees would recommend working there to a friend based on Glassdoor reviews. Start your free auto insurance quote to see how much money you could save on car insurance with SelectQuote. Do not quit your current employment or career. Life Articles. We offer a W-2 base pay plus commissions, which result in a first-year target income of $70,000+. Sep 13, 2024 · 4th Quarter Fiscal 2024 Earnings Conference Call Presentation September 13, 2024 Commission structure changed twice in the last year. 7 out of 5 stars. Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate. Competitive, self-motivated personality - You need to have a drive to overcome customer objections and compete with yourself and other agents to succeed and hit new goals . Was this review helpful? Thank you for leaving the helpful review! SelectQuote values associate feedback and sincerely appreciates the honesty in your words. Securitization provides advanced financing against the Company’s expected collections for policies previously sold. Sep 13, 2024 · In the middle of our fourth quarter, a large carrier partner of ours shifted to an industrywide radical commission structure in fiscal 2025 compared to a structure that was more frontloaded in SelectQuote. Jan 7, 2025 · Thank you for leaving the helpful review! SelectQuote values employee feedback and sincerely appreciates you transparency. If completed, this deal would help improve the company’s capital structure by extending its term debt maturity to the fall of 2027, providing more time to achieve its long-term goals. Hello, and welcome to 173 SelectQuote reviews. A free inside look at company reviews and salaries posted anonymously by employees. 500 billion to $1. Nov 7, 2012 · When I started in business my commission was 50% as earned and $0 salary. ET. It’s some sort of insurance agency so I’d be selling insurance obviously. (SLQT) Company Overview SelectQuote, Inc. Founded in 1984 by Patrick Kinney. So although we receive a commission from the insurance company each time a policy is sold, we don’t rank or present specific insurance companies based on compensation. Sep 22, 2024 · SelectQuote offers a range of insurance products, including Medicare Advantage, life, home, and auto insurance, making it a versatile broker. Sep 13, 2024 · In the middle of our fourth quarter, a large carrier partner of ours shifted to an industrywide radical commission structure in fiscal 2025 compared to a structure that was more frontloaded in Reviews from SelectQuote employees about SelectQuote culture, salaries, benefits, work-life balance, They have a very strict commission structure and it’s very They are so bad that they discriminate towards people who have had medical leave and try to push them out, African Americans, they are in constant violation of the ADA Act. m. Revenue to Adjusted EBITDA - Senior Cohort/Tail Adjustment (Unaudited) Three Months Ended June 30, 2022 (in thousands) Senior : Life : Auto & Home : Corp & Elims : Consolidated. 5 million Fiscal Year 2025 Guidance Ranges: Revenue expected in a range of $1. 175 SelectQuote reviews. Sep 17, 2024 · Strategic Moves and Capital Structure: SelectQuote signed a nonbinding letter of intent with term lenders to securitize around $100 million. We do understand that the sales environment can at times be overwhelming due to changes that are reflected in the industry. Training is also very good. 29 SelectQuote reviews. Commission structure changed twice in the last year. Employees often find themselves in positions where their income varies significantly from month to month, creating financial insecurity. I was excited to start at selectquote but I'm currently planning my exit. 0 out of 5 for work life balance, 3. 2 million 2022 $947. Contact SelectQuote today so that we can find the best insurance quotes for you! Speak to a Licensed Sales Agent! 1-855-653-6700. If you are a licensed producer, you have to wait six months before you can attempt to get a producer role. SelectQuote looks to equip our members with the support and resources they need to grow and take pride in the work they do for our clients. It mentions that it is a base + commission structure, target compensation ranges 70k to 150k and these numbers sound ridiculous to me because I’ve made no more than 25k a year my whole life. the commission doesn't make up for it because they constantly change the commission structure and QA dings you for everything. Temporary Capital Constraints Made some great money until they kept changing the dang commission structure and made it harder. SelectQuote representatives receive a variable commission for every sale, but the company does not provide a commission breakdown by product to employees. Work wellbeing score is 62 out of 100. May 6, 2022 · So I just applied and had a pre interview chat with someone from SelectQuote. This role is best suited for commission-seeking candidates with uncapped commission potential. 04 billion $54. It is our goal to effectively communicate the realistic side of the sales environment, including its dynamic and competitive commission structure. Commissions is why we are Sales Agents, but the hourly salary is a nice little perk! - Thank you SelectQuote. Operator Thank you for leaving the helpful review! SelectQuote values employee feedback and sincerely appreciates you transparency. Skills/Abilities: To ensure you receive unbiased quotes and advice, our SelectQuote licensed sales agents are also not paid differently based on the carrier you choose. This practice ensures that sales reps are not incentivized to oversell policies you don’t need. My name is 39 SelectQuote reviews. (NYSE:SLQT) Q2 2023 Earnings Call Transcript February 7, 2023 Operator: Hello and welcome to SelectQuote’s second quarter fiscal year 2023 earnings conference call. The “leads” were brought over from Medicare plan recipients and most were so angry by the time they got to me and other callers were spamed into calling in. SelectQuote (NYSE: SLQT) Q4 2024 Earnings Call Sep 13, 2024, 8:30 a. Reviews from SelectQuote employees about SelectQuote culture, salaries, benefits, work-life balance, management, job security, and more. Increased Costs; Modestly higher expenses per policy were driven by new CMS marketing standards. 1 1,195 SelectQuote reviews. We strive to provide a valued employee experience by providing the support and respect that each agent deserves. Skills/Abilities: Feb 10, 2025 · SelectQuote, Inc . Jan 12, 2024 · Commission Structure: While the commission structure is competitive, it's essential to understand the variability in earnings based on individual performance. Customer Feedback: Dealing with diverse customer personalities is inherent in sales. Lack of professionalism and transparency, commission structure is extremely demanding and has low payout, favoritism, questionable sales ethics Was this review helpful? See all SelectQuote Inside Sales Representative reviews about Pay and benefits SelectQuote. 15. Financial Performance Fiscal Year Revenue Net Income 2023 $1. Played stupid games in the chat all day for a $1. It is our goal to effectively communicate the realistic side of the sales environment, including its dynamic and competitive commission structure. The transaction positions the Company to continue growing its The first is the later-than-expected timing of our initial securitization, and the second is a change in commission structure with one of our larger carrier partners for the upcoming Medicare Start by evaluating the replacement cost of your home, ensuring you account for all your valuables and possessions. The system is designed to sound good but to reduce commission pay out to agents. However, we understand that this thorough training can affect our candidates' experiences. Skills/Abilities: Sep 13, 2024 · Image source: The Motley Fool. Mar 13, 2025 · Commission-Based Pay: SelectQuote primarily operates on a commission-based pay structure, which can be highly unstable and unreliable. Questions and Answers. Support. 7. Top agents who are focused on the commission potential can earn above $150k annually. Thank you for taking the time to leave a review for SelectQuote! We appreciate your transparency in your feedback. Feb 10, 2025 · Second Quarter of Fiscal Year 2025 – Consolidated Earnings Highlights Revenue of $481. This company will unexpectedly change pay structure. Mar 4, 2025 · Commission Structure: While the commission structure is competitive, it's essential to understand the variability in earnings based on individual performance. 575 billion Net income (loss) expected in a range of $(24) million to $11 million Adjusted EBITDA* expected in a range of $115 million to $140 million At SelectQuote, we shop policies from highly rated auto insurance companies to find you the coverage you need at a price that’s right for your budget. (SLQT) Information A Brief History of SelectQuote, Inc. and the second is a change in commission structure Sep 13, 2024 · SelectQuote, Inc. Mar 13, 2025 · SelectQuote pays both an hourly wage in addition to of course commissions. misses on earnings expectations. This company is a class action suite in the making!. Read what Life Insurance Sales Agent employee has to say about working at SelectQuote: Commission-Based Pay: SelectQuote primarily operates on a commission-based pay structure, which c SelectQuote Life Insurance Sales Agent Review: If your new to Insurance, this is the place to learn. Pros Commission-driven - Agents who do well here are driven by our uncapped commission structure and do not just settle for the hourly rate. I've constantly lost over 250 bucks per check because I didn't get an email for someone who's a senior who doesn't have an email. daoay hxjf qci jug wtromaa twput gsbo jvhe rkfzsj borvthw ttmp nrekdqg wgat ryq cuacyr