Insurance brokers and carriers are constantly adjusting their agency compensation plans, whether it's fine-tuning their commission rates, adjusting bonus thresholds or creating other unique perks. These factors can affect both the production and retention of agents.
The latest Insurance Speak podcast features a conversation with Seth Preus, founder of Mivation, who offers insights into what comprises a good compensation plan, highlights mistakes companies should avoid and shares ideas for unique benefits to include in plans.
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