Genworth Financial

  www.genworth.com
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Genworth Financial Reviews

Updated 11 August 2014
Updated 11 August 2014
195 Reviews

3.1
195 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
37 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

    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.  

    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

    Pros

    People, good access to senior execs, innovative

    Cons

    Strong headwinds due to mortgage risk exposure and personal credit exposure

    Recommends
    Negative Outlook
  3.  

    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

    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
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  5.  

    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

    Pros

    Great friendly people. Very smart.

    Cons

    Cavalier attitude about sales and customer service

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Genworth was a decent company to work for

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

    Pros

    Genworth takes seriously the work life balance and community involvement. Expectations are high but compensation was on par

    Cons

    There is tension and friction between the various division especially in the IT departments.

    Advice to ManagementAdvice

    More focus on the technology personnel need to stay current by providing access to industry training.

    Recommends
  7.  

    Good internship program

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

    Pros

    Good internship and training program with good leaders

    Cons

    Not always enough work for interns

    Recommends
    No opinion of CEO
  8.  

    Talent Management at Genworth

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

    Pros

    Due to the prior parent company, GE, you will get to meet some interesting and smart people. Additionally, the work-life balance is pretty good with 8.30 - 6pm working hours usually.

    Cons

    Unfortunately, the company does not reward talented individuals and is primarily focused on the 'tenure' of the employee. For example, you are doing the same exact job as another individual but you only have 5 years of professional experience versus their 15, and as a result your pay rate is significantly different. Knowing that, the company makes no effort to equalize the pay through raises or bonuses.

    When I left (~2010), there were very few individuals in management that I respected because they would talk about valuing their people, and then not show it through compensation or additional benefits

    Advice to ManagementAdvice

    Young talent can be the life blood of an organization and be the new energy that is needed to transform and energize the company - don't value 'years worked' over 'talent'. There will be some young people who are actually better than those who have been at the company for a long time - find a way to reward them and keep them.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Lots of opportunity but constantly shifting directions/priorities and focus on short term results.

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

    Pros

    Benefits are good. Lots of really smart, dedicated people to work with. Longevity and quality products in key markets. Good comp. Good brand image with consumers. Excellent training. Ability to really stretch into new roles.

    Cons

    Frequent restructuring from A to B them back to A. Heavy turnover. People with seniority and high pay often get replaced by less expensive workers despite being high performers; this impacts distribution partners as well as employee morale. Lots of politics. "Survival mode" mentality due to stock price that never recovered from IPO levels despite solid underlying value.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Great people, management is turning over - hopefully for the better.

    • 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)

    Pros

    Most of the employees I work with a good, solid, smart and engaging. Benefits are good, one of the best paid employers in the Richmond area.

    Cons

    This company has been in flux since the financial crisis in 2008. Some months it feels like we are headed in the right direction, others, not so much.

    Advice to ManagementAdvice

    Pick a track and stick with it, this company could be one of the greats - the talent is there it just needs the right direction without all of the distractions and pet projects.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Good Experience

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

    Pros

    The pay is good, and the people are great to work with. The experience is great for entry level or college level interests.

    Cons

    Can be mundain and boring

    Advice to ManagementAdvice

    Continue communiction improvements with interns and training

    Recommends
    Positive Outlook
    Approves of CEO

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