Genworth Financial
3.0 of 5 173 reviews
www.genworth.com Richmond, VA 5000+ Employees

Genworth Financial Reviews

Updated Apr 08, 2014
Genworth Financial – Richmond – “Genworth Sign”

All Employees Current Employees Only

3.0 173 reviews

                             

79% Approve of the CEO

Genworth Financial President & CEO Thomas J. McInerney

Thomas J. McInerney

(33 ratings)

50% of employees recommend this company to a friend
173 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "good work life balance, good compensation"
    in 13 reviews
  • "Great benefits with generous time off"
    in 11 reviews
Cons:
  • "There is no work-life balance - a throwback from the GE mantra"
    in 10 reviews
  • "Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy"
    in 7 reviews
  • Show more review highlights

Reviews

 

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

Anonymous Employee (Former Employee)
London, England

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

ProsPeople, good access to senior execs, innovative

ConsStrong headwinds due to mortgage risk exposure and personal credit exposure

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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A good launching pad

Anonymous Employee (Former Employee)
London, England

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

ProsTraining 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.

ConsSalaries 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 Senior ManagementThere are too many of you.

Yes, I would recommend this company to a friend

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Great People but high turnover

Actuarial Analyst (Former Employee)
London, England

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

ProsGreat friendly people. Very smart.

ConsCavalier attitude about sales and customer service

No, I would not recommend this company to a friend

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Great Place To Work!!

Anonymous Employee (Current Employee)

I have been working at Genworth Financial full-time

ProsGreat management team
Great Work Life Balance

ConsLow training opportunities
Low career advancement opportunities

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Decent experience--great coworkers

Anonymous Employee (Current Employee)

I have been working at Genworth Financial as a contractor

ProsFriendly coworkers, helpful systems and IT maintenance, this company will give you everything you need to get your job done--it's up to you to do it well--but you won't run into a lack of supplies here. Management seems competent.

ConsContracted job currently. Contractors are often left out of corporate events and meetings, which can be awkward when an entire office will leave for a luncheon and you aren't invited.

Advice to Senior ManagementSatifactory

Yes, I would recommend this company to a friend

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Old values a change needs to come

Anonymous Employee (Former Employee)

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

ProsGood Salary, bonus and additional compensation
Diverse work culture

ConsThe company had some really old boy values. The best person for the job was not always promoted it was more, who like you. I have know people to quit due to lack of advancement.

Advice to Senior ManagementI understand there is a new CEO. In order for the company to advance there may need to be a change in the other guards.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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13 years of dedicated service

Internal Sales Consultant (Former Employee)

I worked at Genworth Financial full-time for more than 10 years

Prosgood work life balance, good compensation

Consleadership changed and no one knows anyone anymore.

Advice to Senior Managementstep back and look at what is going on and going wrong instead of continuously reorganizing the company

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Overall positive experience

Anonymous Employee (Former Employee)
Richmond, VA (US)

I worked at Genworth Financial full-time for more than 10 years

ProsPositive work environment, ethical staff/employees, knowledgeable co-workers, good working environment, gym and wellness center

ConsLittle room for advancement, designations are not generally appreciated which creates an environment that does not help one to grow skills by learning from more experienced staff - such as in process improvement, project management, international business development

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good HR department but bureaucratic work place

Senior Software Engineer (Current Employee)
Sydney (Australia)

I have been working at Genworth Financial full-time for more than 5 years

ProsStable job, not too pressing

ConsOffice politics dominate the place

Advice to Senior ManagementHire less politicians more people try to get job done

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Was a Strong Company in the past

Senior Administrative Assistant (Former Employee)
Richmond, VA (US)

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

ProsSalary is OK
Can be a good opportunity for the right person
Many offices all over the US
Home office support

ConsUnrealistic business model
Too many budget cuts
Serious lack of company cohesion
They don't care enough about employee happiness

Advice to Senior ManagementThis company has made too many changes in too short of a period of time. Expectations of production is just unrealistic. The opportunity was there to capitalize on a well known brand but too many management changes and restructuring has really damaged the company

– I'm not optimistic about the outlook for this company

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Genworth Financial – Why Work for Us?

The Genworth story Since writing our first policy in 1871 as The Life Insurance Company of Virginia, we've been committed to helping people effectively protect and achieve the comfort of financial security. Today, even… Full Overview

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