Genworth Financial

www.genworth.com
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Genworth Financial Reviews

Updated 20 February 2015
Updated 20 February 2015
244 Reviews
3.3
244 Reviews
Rating Trends

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

Review Highlights

Pros
  • Genworth takes seriously the work life balance and community involvement (in 17 reviews)

  • Great benefits, generally good people to work with (in 15 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 8 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 (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 (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
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  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 (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 (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 experience but...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    I think experiences differ a lot depending on what part of the company you are with. I'm at headquarters in Retirement & Protection. Great people, lots of smart, thoughtful coworkers and managers. Just about everyone here works hard, but there's still a good work/life balance.
    The work is challenging and meaningful and the benefits are top notch. Salaries are very fair. They also strongly encourage and support further education, taking classes, internally and externally. Most teams are strong and effective and senior leadership has worked hard to advance a good culture in the workplace.

    Cons

    The company seems trapped in a very stressful cycle of ups and downs. In the downs there are layoffs, budget cuts, and it's difficult to get resources. On the ups, they over hire and tend to get bottom and middle heavy. There's too many meetings, more micromanagement than there should be, and they have a very hard time breaking away at all from a conservative attitude. The building is getting to be in poor shape as well.
    Probably one of the biggest problems is that it's very hard to break out of your hiring band designation, and for many people there's few opportunities to advance.
    Additionally there's often little role clarity and as a result there's clashes and confusion over ownership of projects.

    Advice to ManagementAdvice

    Spend money more carefully - learn from past mistakes and stay lean. Update titles so it's clear what people's roles are, make an org chart and have it easily available. Help find solutions when employees who are top performers are stuck long term with no advancement opportunities. Senior leadership has improved but still needs to communicate better with staff.

  8.  

    Great, but you need to make yourself known.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Learning & Development in Richmond, VA (US)
    Former Intern - Learning & Development in Richmond, VA (US)

    I worked at Genworth Financial as an intern (less than a year)

    Pros

    - Independence if you push for it
    - MBA paid for
    - Looking for younger talent
    - Service minded organization
    - Fantastic management

    Cons

    - Poor culture
    - Outdated HR metrics
    - Bland work environment
    - Poor facilities
    - Strict bureaucracy

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    IT

    • 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

    Pros

    Good managers, nice vacation package

    Cons

    Mostly old technology, too many budget cuts

    Advice to ManagementAdvice

    Treat people nicely, show them you care

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Application specialist

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

    I worked at Genworth Financial

    Pros

    Location decent compensation minimal beneifits

    Cons

    Disfunctional relationships between divisions. Constantly degrading benefits

    Advice to ManagementAdvice

    Grow up and play nice

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    Claims Support Specialsit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Specialist in Raleigh, NC (US)
    Former Employee - Claims Specialist in Raleigh, NC (US)

    I worked at Genworth Financial

    Pros

    Great hourly rates, benefits, and holidays off. Work schedule Monday through Friday 8-4:30, and weekends off.

    Cons

    The position was offered Temporary/ contract position.

    Recommends
    Positive Outlook
    Approves of CEO

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