Allstate

Type: Public
Founded: 1931
Headquarters: Northbrook, Illinois, USA
Key people: Thomas J. Wilson, CEO
Industry: Insurance & Finance
Products: Auto, Home, and Business Insurance
Website: www.allstate.com

General Information

The Allstate Corporation NYSE: ALL is the largest publicly held personal lines insurer in the United States. Allstate was founded in 1931 as part of Sears, Roebuck and Company.

The company slogan is 'You're in good hands.' The current advertising campaign, in use since 2004, asks, 'Are you in good hands?' Their current spokesperson is Dennis Haysbert. Allstate sponsors various sporting events, including the Allstate Sugar Bowl, the Allstate 400 at the Brickyard NASCAR race, and the United States Olympic Committee.

Business Model

In 2006, Allstate's HR department decided to outsource some of its major, transactional functions to IBM. This transformation was designed to improve the effectiveness and efficiency of HR services, while allowing HR’s retained services to concentrate on Allstate's overall talent strategy.

In the fall of 2006, Allstate signed an outsourcing contract with IBM to deliver some of the transactional HR work. IBM will provide Allstate with an integrated HR technology platform and improved HR processes, decommissioning much of the legacy HRIS system in place. This will lead to better data collection, tracking, and reporting and trend analysis - and, ultimately, better data-driven talent decisions, per the HR leadership.

The transition of work from Allstate to IBM began with a first wave on May 1, 2007. The second wave, initially due to occur on August 1, 2007, was postponed and is now due to take place on August 27, 2007. To date, it has not been announced how many HR employees will be affected by this outsource, but several HR groups have been identified. Some of the groups that will be affected by the outsource are the HR Service Center, Talent Acquisition, Payroll and Education. IBM will be utilizing their facilities in the United States as well as the Philippines to absorb these functions. Allstate will administer 60 day notices to those employees whose current job functions will be outsourced.

Accolades

Allstate has been recognized with numerous awards, including

The World's Leading Top 100 Companies- Forbes magazine, (2004-2005).

America's Most Admired Companies - Fortune

100 Best Companies for Working Mothers – Working Mother

Top 50 Companies for Diversity, DiversityInc