Genworth Financial

  www.genworth.com
  www.genworth.com

Genworth Financial Reviews

Updated December 21, 2014
Updated December 21, 2014
238 Reviews
3.3
238 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
57 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

132 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good Working Culture

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Quality Analyst in Lynchburg, VA
    Current Employee - Quality Analyst in Lynchburg, VA

    I have been working at Genworth Financial full-time (more than 3 years)

    Pros

    Flexible Hours, cooperative culture, Work Life Balance.

    Cons

    Salary, need rigorous learning/training plan

    Recommends
    Neutral Outlook
  2.  

    Simply ok

    • 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

    Fantastic COO. GREAT co workers. Community involvement. Decent benefits.

    Cons

    Leaders placed in management roles without any idea how to manage people, drive performance, or think strategically. Complete lack of ability to move to new fields within the company - any open jobs are filled by those already in said departments or outside. As much as they promote a career "trellis" it's not there. Education not appreciated at all, actually seems to be a detrimental factor as others feel threatened if you have a higher education level or more work experience.

    Advice to ManagementAdvice

    Recognize talent versus keeping them down because you feel intimidated or threatened. Pay your people competitive salaries so other companies aren't constantly poaching them.

    Recommends
    Neutral Outlook
  3. 1 person found this helpful  

    Engaged team, rewarding work with opportunities to grow and develop.

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

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

    Pros

    Lots of opportunities to challenge yourself and add value to the organization. Enjoy the people as well as how involved we are in the community.

    Cons

    Challenging business performance due to complexity of the industry.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Not too bad for an insurance company

    • 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

    Pros

    Smart, bright people work there... most are friendly and helpful
    Reasonable benefits and compensation
    Focus on volunteerism is decent

    Cons

    Still a lot of political maneuvering
    Slow to make the necessary changes at senior levels... too quick and not enough care to retain at middle management
    Starting to view everyone other than senior managers as 'replaceable'

    Advice to ManagementAdvice

    Value your middle management level more... especially those who are doing the best for their people and the business

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Amazing Place To Work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Finance Analyst in Richmond, VA
    Current Employee - Senior Finance Analyst in Richmond, VA

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

    Pros

    This is a fun place to work. Outstanding community service opportunities. Good camaraderie. Strong leadership team. Products actually help people. Initiative is rewarded.

    Cons

    Business lines and HQ could work together more effectively. Communications within business units do not always make their way to HQ and we should think of Genworth as one team - we are not that big. Current performance management system drives competition between employees - an old school approach.

    Advice to ManagementAdvice

    Communicate what you can when you can. CEO is outstanding but if there was one development opportunity the CEO needs to be in front of the employees more frequently. Suggest monthly town halls. Continue renewed focus on diversity.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Okay to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Architect in Raleigh, NC
    Current Employee - Systems Architect in Raleigh, NC

    I have been working at Genworth Financial full-time (more than 3 years)

    Pros

    Bonus and decent incentives to work

    Cons

    Leadership lacks vision to be the industry leader

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8.  

    Intern

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

    I have been working at Genworth Financial as an intern (less than an year)

    Pros

    The work culture is great. Everyone in the office is very personable. The perks as an intern are a lot of fun and everyone gets jealous, which is pretty cool. You certainly are given an extensive overview of the Insurance world.

    Cons

    Not 100% busy all of the time. The growth through the company seems to take a few years to progress.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    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
    Current Employee - Human Resources in Richmond, VA

    I have been working at Genworth Financial full-time (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
  10.  

    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 (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
  11.  

    Great place to work

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

    I have been working at Genworth Financial full-time (more than an 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

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