Lincoln Financial Group Reviews

Updated June 19, 2015
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Lincoln Financial Group President, CEO, and Director Dennis R. Glass
Dennis R. Glass
15 Ratings

Pros
  • Great place to work to have a work/life balance (in 25 reviews)

  • not much I can think of but a great benefits package (in 22 reviews)

Cons
  • The organization preaches work life balance but that's not true (in 8 reviews)

  • not enough room for advancement (in 3 reviews)

More Pros and Cons

34 Employee Reviews

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  1. Helpful (1)

    Eh

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

    I have been working at Lincoln Financial Group full-time

    Recommends
    Recommends

    Pros

    Very flexible, family oriented, good benefits

    Cons

    Terrible pay, bonus structure is a joke, no accountability for lazy employees


  2. Helpful (1)

    Director, LTD

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director, LTD in Atlanta, GA
    Former Employee - Director, LTD in Atlanta, GA

    I worked at Lincoln Financial Group full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Continual leadership openings and availability based on 10+ year cycle of turnover.

    Cons

    LNC uses LFG to consolidate company losses in other areas. Any two bad quarters reported Wall Street means you're going to be fired... soon.

    Advice to Management

    Use the Lincoln experience to add to your resume and seriously entertain all external head hunter options to transition to a more stable company.


  3. Helpful (6)

    On a downward trajectory

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant in Fort Wayne, IN
    Former Employee - Senior Accountant in Fort Wayne, IN

    I worked at Lincoln Financial Group full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Compensation is average. Benefits were excellent. Most people are nice to work with.

    Cons

    The cons far outweigh the pros. Ever since Jefferson-Pilot took over in 2007, the company has turned into a disaster.

    Employees are not valued and are considered replaceable. "Restructuring" occurs on almost an annual basis where the people with experience are laid off. You're always under the fear that your job could be gone the next day and moved to Greensboro like all the other departments. To top off the insult, they would not allow you to simply relocate for the same job. They made you interview to see if you could keep your job even if you were willing to move.

    There's always some new corporate initiative that takes a lot of time to comply with and ends up being a bigger distraction than it's worth only to be abandoned halfway through for the next flavor of the month. Lots of wasted time and resources.

    Upper management is packed with arrogant folks from Jefferson-Pilot that hate Lincoln culture. JP execs thrive from yes-men. They hate anyone that challenges the status-quo or their decisions. Ideas from employees mean nothing. You're automatically banned from the "in" group if you go against the grain.

    To get promoted, you really had to kiss a lot of behind at this place. It didn't really matter what you contributed. If you didn't participate in every dumb corporate initiative and buddy up to management, you were going nowhere. Promotions and every single COLA adjusment (regardless of how small) had to be approved by upper management for every single person.

    Even the smallest decisions were scrutinized by upper management. Micro-management to the nth degree. Managers were not allowed to do their jobs. They couldn't take a restroom break unless upper management told them it was OK.

    Advice to Management

    Value your employees and listen to them. Pay them what they are worth and stop trying to fire the more knowledgeable people to save a few dollars. Give managers the benefit of the doubt and let them do their jobs.


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  5. Helpful (4)

    Soul-sucking

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

    I worked at Lincoln Financial Group

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    The benefits weren't too bad.

    Cons

    Management is a joke. They don't give credit to the good employees. Only the ones who kiss rear ends. Management will screw your chances of moving to another department. They just don't care about anyone but themselves.

    Advice to Management

    Hire people who are good at their job.


  6. Helpful (2)

    Duh which way did he go George?

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BI Team in Omaha, NE
    Former Employee - BI Team in Omaha, NE

    I worked at Lincoln Financial Group full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Good pay and benefits
    Easy commute

    Cons

    Group protection is doomed due to stupid management. Ever had a manager that thought she was too good to manage you? Welcome to LFG.

    Also in Omaha, it is called group protection. They are owned by LFG but not really part of it. The corporate people hate us as we are costing them money. Don't look at the LNC stock and use that determine LFG in Omaha is doing good, that is simply not the case. Earnings are down 60% and continue to drop.

    Leadership is non existent and here are some seriously unprofessional employees and without good management no way to address it.

    Put it this way, I know a couple crazies (yelling cussing at work) who have not lasted more than a year all over Omaha at various companies. Guess what, they have been at LFG for years now. That should tell you something.

    If you LIke MSACCESS, this is the place for you. They do not invest back in the company at all!

    Advice to Management

    Fire yourself.


  7. Helpful (2)

    Company Politics!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Fort Wayne, IN
    Former Employee - Anonymous Employee in Fort Wayne, IN

    I worked at Lincoln Financial Group full-time (More than 5 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    I enjoyed the work that I did with the company. I was able to interact on a daily basis with clients about their policies.

    Cons

    If you are not related to someone there are "know" someone then you were overlooked for any kind of career change. I was not allowed to advance in my career there at all. I felt like I was overlooked in a lot of positions where I felt I was more than qualified to do. Also I felt that they gave way to much attention to the GLBTS group than they did to other organizations that really deserve it.

    Advice to Management

    Instead of worrying about what your employees are doing by trying to get your employees to tattle, you need to look at the ones that are helping you to spread the rumors. Those type of employees are the ones that will throw you under the bus to get ahead. That includes going for your job!


  8. Helpful (1)

    Stressful

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lincoln Financial Group (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great teamwork among mid level managers. Decent pay and great 401k benefits.

    Cons

    Horrible recordkeeping system and poor training of employees in client administration. The company has many long term employees in their Fort Wayne, IN office who are not progressive and have no external experience. Company needs to move their home office to a progressive city.


  9. Financial Representative Intern

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Lincoln Financial Group as an intern

    Pros

    Moderate increase in knowledge of the financial industry

    Cons

    Was not given the opportunity to take on more important tasks


  10. Helpful (3)

    Retirement Plan Services

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

    I worked at Lincoln Financial Group full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    They have a good 401k match, and most of the co-workers are good. Mostly remote employees. Lots of autonomy.

    Cons

    Low comp and outdated technology. Management doesn't respond to client issues with the firm, blames support staff. Losing lots of plans due to failed technology initiatives. Most of management has never worked anywhere else so they have a poor understanding of the competition.


  11. Helpful (1)

    Supervisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wept in Radnor, PA
    Current Employee - Wept in Radnor, PA

    I have been working at Lincoln Financial Group full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    I have flexible hours. Nice area next to a hotel with a spa and gym.

    Cons

    Putting up with drama from teammates.

    Advice to Management

    Make sure supervisors are treating their team members fairly.



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