Sure. It's how multilevel marketing works, and Primerica is sufficiently "real" to bring people in, I'm sure--after all, you actually are selling stuff on commission, rather than just depending on recruiting other agents, so on the surface it's not as cockeyed as truly illegal pyramid schemes are. But naturally, if you do recruit people, you start getting a cut from their commissions.
Of course, after poking around a bit for information on the company, I found reference to how their agents have to pay for all expenses out of pocket (perhaps explaining why they didn't have laptops with PowerPoint for the dog and pony show), why their "personal financial analysts" aren't called certified financial planners the way their competitors would be (to wit, they're not certified), and so on. Someone did an analysis of numbers in Citibank's annual report and Primerica's reports on how many agents they have at what levels, and figured out that their lowest-level PFAs--the vast majority of their employees--made an average of something like $750 a year.
I'd like to think people in the IT field would be too smart to fall for this, but I know better. Evidently the last few months they've been targeting IT people the same way they did me--find a résumé, set up an "open house interview" invoking the name Citibank rather than Primerica. Since there's a big Citibank processing center close to here, I was hoping my initial bad feeling was wrong.
If nothing else, it makes me more likely to cross Citibank off my list of potential new employers, just because they own these yoyos.
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momijizukamori
no subject
Date: 2002-06-18 19:19 (UTC)Of course, after poking around a bit for information on the company, I found reference to how their agents have to pay for all expenses out of pocket (perhaps explaining why they didn't have laptops with PowerPoint for the dog and pony show), why their "personal financial analysts" aren't called certified financial planners the way their competitors would be (to wit, they're not certified), and so on. Someone did an analysis of numbers in Citibank's annual report and Primerica's reports on how many agents they have at what levels, and figured out that their lowest-level PFAs--the vast majority of their employees--made an average of something like $750 a year.
I'd like to think people in the IT field would be too smart to fall for this, but I know better. Evidently the last few months they've been targeting IT people the same way they did me--find a résumé, set up an "open house interview" invoking the name Citibank rather than Primerica. Since there's a big Citibank processing center close to here, I was hoping my initial bad feeling was wrong.
If nothing else, it makes me more likely to cross Citibank off my list of potential new employers, just because they own these yoyos.