Genworth Financial

  www.genworth.com
  www.genworth.com
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Genworth Financial Reviews

Updated 14 September 2014
Updated 14 September 2014
220 Reviews
3.2
220 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
45 Ratings

Review Highlights

Pros
  • good work life balance, good compensation (in 13 reviews)

  • Fairly good benefits although worse in the last several years (in 13 reviews)


Cons
  • There is no work-life balance - a throwback from the GE mantra (in 10 reviews)

  • It may be difficult to move new ideas through upper management (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    Good work and life balance. People are diversified and generally very nice. Study support is very good too.

    Cons

    It is ver political at the senior level. If you are in the wrong crowed, you could be out of the door very soon.

  2.  

    Poor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Genworth Financial full-time for more than 3 years

    Pros

    People are the greatest asset

    Cons

    Pay is poor in comparison to other companies

    Advice to ManagementAdvice

    Reduce politics

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Good medium sized multinational to work in, aside from the business model

    Former Employee - Anonymous Employee  in  London, England
    Former Employee - Anonymous Employee in London, England

    I worked at Genworth Financial full-time for more than a year

    Pros

    People, good access to senior execs, innovative

    Cons

    Strong headwinds due to mortgage risk exposure and personal credit exposure

    Recommends
    Negative Outlook
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  5.  

    A good launching pad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England
    Former Employee - Anonymous Employee in London, England

    I worked at Genworth Financial full-time for more than a year

    Pros

    Training and development was the best I've ever seen. They offer courses on a variety of subjects that help develop your career path within the company.

    Cons

    Salaries tend to be below market and inconsistent. Top heavy. Too many managers and not enough people to do the work. Management constantly changing course and restructuring. Regular employees end up working 12+ hours per day trying to keep up with changes while worried about job security.

    Advice to ManagementAdvice

    There are too many of you.

    Recommends
    No opinion of CEO
  6.  

    Great People but high turnover

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Actuarial Analyst  in  London, England
    Former Employee - Actuarial Analyst in London, England

    I worked at Genworth Financial full-time for more than a year

    Pros

    Great friendly people. Very smart.

    Cons

    Cavalier attitude about sales and customer service

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Great place to work, conservative work culture and not cutting edge though

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources  in  Richmond, VA (US)
    Current Employee - Human Resources in Richmond, VA (US)

    I have been working at Genworth Financial full-time for more than 8 years

    Pros

    Standard pay and benefits
    Team culture
    Volunteer activtities

    Cons

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

    Advice to ManagementAdvice

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Making a come back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial full-time for more than 10 years

    Pros

    Great benefits, if you are willing to learn they provide the opportunities, constantly striving to change for the better and balance business needs with customer needs.

    Cons

    Some favoritism still exists amongst employees and not all managers are on the same page yet about doing what's best for the customer.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Richmond, VA (US)
    Current Employee - Anonymous Employee in Richmond, VA (US)

    I have been working at Genworth Financial full-time for more than a year

    Pros

    Genworth has a great team culture. I have had the opportunity to go on team lunches, volunteer all over the community, and events like BBQs. I've enjoyed the development opportunities through classroom work but also through non traditional measures and tuition reimbursement.

    Cons

    Communication across departments especially due to the distance between teams at times

    Advice to ManagementAdvice

    Follow in the footsteps of our CEO and make yourself visible and available to employees

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Recent Genworth new-hire

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Lynchburg, VA (US)
    Current Employee - Anonymous Employee in Lynchburg, VA (US)

    I have been working at Genworth Financial full-time for less than a year

    Pros

    Genworth offers an excellent on-boarding process, competitive market salary, competive benefits package, and an excellent time-off package. The recuritment process was well managed and executed. Corporate value is Integrity Fisrt at all levels, and this is seen in action... not just a slogan on a poster. Corporate culture places emphasis on inclusion, diversity, volunteerism, and opportunity for advancement.

    Cons

    Adequate parking is provided for the Lynchburg facility, although you should be willing to walk a couple blocks to work each day from the available garages.

    Advice to ManagementAdvice

    Offering Floating holidays to accommodate other non-Christian religious observances would be a nice option to support diversity. These floating holidays could be used as desired for Christmas, Easter/Good Friday, Kwanzaa, Passover, Hanukkah, etc... according to individual employee religious preferences.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Overall positive..cares about employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter
    Current Employee - Underwriter

    I have been working at Genworth Financial full-time for more than 10 years

    Pros

    Great flexibility, wonderful values, respect for work-life balance, great positive can do attitude is fostered.

    Cons

    Lack of skilled trained management at mid level. Personal growth is challenging unless you spend a lot of time in the home in the Raleigh office. Training Dept doesn't understand the functions well enough to offer well designed training. "Problem" employees are tolerated rather than dealt with...morale is impacted.

    Recommends
    Positive Outlook
    Approves of CEO

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