CNO Financial Group

  www.cnoinc.com
  www.cnoinc.com
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CNO Financial Group Reviews

45 Reviews
2.5
45 Reviews
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CNO Financial Group CEO and Director Edward J. (Ed) Bonach
Edward J. (Ed) Bonach
13 Ratings

9 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Dead end

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

    I worked at CNO Financial Group full-time for more than 8 years

    Pros

    Many of the people below manager are friendly and great to work with.

    Cons

    Managers are inept and manage by fear.

    Advice to ManagementAdvice

    Stop saying you work through teamwork, recognize that your teams are really cliques and change the culture. Likewise, stop obfuscating information with the PowerPoint charts. Most of those have too much meaningless information. Let your managers do their jobs and don't micro-manage.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Good at first but went downhill fast

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Applications Developer  in  Carmel, IN
    Former Employee - Senior Applications Developer in Carmel, IN

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

    Pros

    They had good people...so long as they did not get laid off. Provided a good selection of software tools to use.

    Cons

    Top heavy management and apparently random layoff of working staff. They laid off a few senior people and had to bring them back because no else could do their job. That is how stupid management was

    One VP promised upper management they would convert six systems to new application in nine months when the industry standard is about 12-18 months to convert one system. They did it in about a year but the conversion was faulty due to hurrying the job. Another example of poor management.

    They were real big on project management. I worked on project where the project manager finished up the project plan about a week after the project wrapped. I never found a project manager there who was of any value to me. I often attended weekly hour-long meetings where I would contribute my 30 seconds and then get nothing from any other part of the meeting. Their main job seemed to be churning out paper for upper management.

    I quit because I did not know from one day to the next if I would have a job or not.

    Advice to ManagementAdvice

    Reduce your executive payroll and hire more good people to actually do the work. Be careful of the promises made by middle management officers on the lookout to move up in the company. They can lie to you or mislead you in order to look good and then pressure their staff to meet an unrealistic deadline with a defective product.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Very much an old boy's club atmosphere. Not much loyalty from management to the employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting Manager  in  Indianapolis, IN
    Current Employee - Accounting Manager in Indianapolis, IN

    I have been working at CNO Financial Group full-time for more than 3 years

    Pros

    The pay was above average

    Cons

    Management seemed to have no direction.

    Doesn't Recommend
    No opinion of CEO
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  5. 1 person found this helpful  

    Enter at your own risk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Systems Analyst/Programmer  in  Carmel, IN
    Current Employee - Systems Analyst/Programmer in Carmel, IN

    I have been working at CNO Financial Group

    Pros

    - Relatively flexible working schedule
    - Decent benefits, outside of health care
    - Competitive pay
    - Commitment to employee training/education

    Cons

    - Incredibly poor morale
    - Senior Management has taken an adversarial position with their employees
    - Very poor job security - constant layoffs
    - Very political - you won't advance if you aren't in good with someone
    - Lot of cheap, counter-productive offshore IT resources which shifts the workload onto the already taxed stateside associates
    - Far too many middle managers
    - Increasingly oppressive policies

    Advice to ManagementAdvice

    Quit sending jobs overseas...remember, you sell policies in the U.S., not India! Treat your employees like resources, not expenses on your balance sheet.

    Doesn't Recommend
  6.  

    Mass highering

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Agent  in  Saint Louis, MO
    Former Employee - Agent in Saint Louis, MO

    I worked at CNO Financial Group

    Pros

    You can potentially make a lot. Everyone that was there was pretty cool to work with, I mean you have to have a good personality in "sales".

    Cons

    4 days a week/17 hour days---which I know, alot of ppl say they can do that, but it sucks. Expect to pay for food/hotels/and LOTS of gas! Sucks on weeks you only make $200. Farm towns are awful, don't let them tell you that all farmers have money and will be willing to buy from you, they won't. I've had so many doors slammed in my face.

    Advice to ManagementAdvice

    Stop mass highering people, explain to your managers to explain to the new potential agents that COLD CALLING IS KEY! They say theyre all "preset appointments", BS! You walk door to door....it's awful. I paid for my Insurance License and don't even use it anymore cuz the insurance market where it's 100% commission is tough, don't take the weekly $500 withdrawal they offer when you first start...definitely avoid that!

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    Consistently Undervalued

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Agent Care Representative  in  Carmel, IN
    Current Employee - Agent Care Representative in Carmel, IN

    I have been working at CNO Financial Group

    Pros

    Work your hours and go home, decent benefits package

    Cons

    Lying to potential employees about advancement opportunities and schedule, a complete lack of communication throughout the company,

    Advice to ManagementAdvice

    Grow brains

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    Don't take the pay increase - stay where you are! You will end up regretting leaving your current position.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Peon  in  Carmel, IN
    Former Employee - Peon in Carmel, IN

    I worked at CNO Financial Group

    Pros

    My salary was more than I made at my previous position, but the stability of employment was obviously the trade-off. I had a great supervisor, but she got too involved personally in the lives of her employees, and decisions were based on whom she was friends with, not who had more talent.

    Cons

    Senior managment only cares about their HUGE salaries and making a penny on each stock they own. Check out the list online - see how many shares each VP and the new CEO owns. I was part of a mass layoff in September of 2007, even though I had more job knowledge than other people and a degree. More than 300 people lost their jobs that same day.

    Advice to ManagementAdvice

    Try this on for size - care about your employees and customers, not just the bottom line. Your CEO has homes in Indy and Chicago - who deserves to be paid that much money when you end up laying off people making $40K a year?

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    For a major company, this place is clueless on how to fairly treat anybody at lower levels than Senior Management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Customer Service Representative  in  Carmel, IN
    Former Employee - Customer Service Representative in Carmel, IN

    I worked at CNO Financial Group

    Pros

    I cannot think of good reasons to work for Conseco other than poor job market.

    Cons

    Poor benefits, poor compensation,poor communications and strong resistance to telecommuting. They also fail to recognize any needs outside the sphere of work.

    Advice to ManagementAdvice

    Communications and reception to feedback from employees needs to be improved as well as compensation and benefits for the lower level workers.

    Doesn't Recommend
    No opinion of CEO
  10. 2 people found this helpful  

    Be careful what you wish for - you just might get it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Project Manager  in  Carmel, IN
    Former Employee - Project Manager in Carmel, IN

    I worked at CNO Financial Group

    Pros

    To draw a paycheck. Beyond that, no clear or compelling reasons.

    Cons

    Let me count the ways. The organization is a case study in ineptness. If Enron is the poster child for illegal activity, Conseco is one for boneheaded decision-making. Going back to the purchase of Green Tree (aka the beginning of the end), the company has pissed away more money than possibly any other in the history of American commerce. What the dot com bust was to internet companies, Conseco is to classic corporate America. Ousting Steven Hilbert (architect of the absolute most mind-boggling, dysfunctional, cost-ineffective program the world has even known in the form of borrowing corporate dollars to purchase corporate stock; holy "Sarbanes-Oxley" Batman!) was arguably the best and worst moves performed. The constant turnover of senior managers, middle managers, and especially rank-and-file made working there even more disturbing and depressing than imaginable.

    Advice to ManagementAdvice

    No, really, I shouldn't...{biting lip; blood pressure rising; jaws clinching}

    Doesn't Recommend
    No opinion of CEO

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