Great-West Financial

  www.greatwest.com
  www.greatwest.com

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Great-West Financial Reviews

115 Reviews
3.0
115 Reviews
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Great-West Financial President & CEO Robert L. Reynolds
Robert L. Reynolds
11 Ratings
  1. 1 person found this helpful  

    Prudently managed company that offers solid job stability but with some areas of improvement within call centers

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

    I have been working at Great-West Financial full-time

    Pros

    Parent company out of Canada takes a measured and conservative approach resulting in the company meeting or exceeding quarterly financial objectives as well as creating a corporate work environment of trust and stability. Unlike most other financial services firms, Great-West very rarely engages in employee layoffs. Their fortunes are not principally tied with the prevailing winds of the stock market like those of some other major financial services firms in the Denver area.

    New CEO with a sterling pedigree has been put in place effective last May. Lots of new talent as a result of JPM acquisition and merger with Putnam's retirement business. Very excited with the new executive management team.

    Cons

    Good ole boys (and girls) club mentality of VP level down to middle management. A "do as I say, not as I do" approach towards the rank and file staff. Favoritism and politics abound and if you're good at "managing up," you'll be successful with these sorts of people.

    Non-call center departments have a pretty good work/life balance. Call centers, however, not so good. Call centers engage in "lean staffing" which results in constant heavy call volumes, erratic hold times, and a "reactive" rather than "proactive" response from line managers.

    Unrealistic service level goals and the constant cancellation of employee meetings (one-on-one's, team meetings, training sessions, etc.) in the name of meeting those unrealistic service levels with the limited amount of staffing has had a poor effect on morale. High turnover due to burn out and stress has been common over the years, resulting in senior management imposing freezes on staff from posting out for other positions. This has created a culture of indentured servitude.

    A work force management system is used to handle the staff's daily schedule and activities. This system is seen as very restrictive and de-humanizing to staff. There is very limited ability to get time off for vacations or even schedule doctors appointments. WFO system viewed by phone reps and managers alike as uncaring, by-the-book, and inflexible. Line managers have their hands tied when dealing with WFO staff; very little authority or autonomy.

    The call center culture contradicts the work/life balance that senior management regularly claims to promote. Basically, there are two sets of rules-one for call center staff and one for non-call center staff.

    Thus, a vicious cycle has been started-high stress, low morale, and micromanagement/high turnover/inability to pursue other opportunities within the company/loss of talent to outside
    employers/low morale and turnover/repeat.

    Advice to ManagementAdvice

    Senior management should step out of their offices and/or attend fewer closed-door meetings and spend more time walking the floors of their respective departments. The rank and file staff are on the front lines and often have a perspective of the business and a pulse of the client that's impossible for senior management to see or obtain from sitting behind their desks.

    Treat every staff member-regardless of how high or low on the totem pole they fall-as the professionals you expect them to be. Foster an environment of trust. Set high but achievable and realistic goals. And finally, listen to your staff members; value their insights and opinions and you will gain an ally and loyal employee who will walk over hot coals for you and the company.

    Recommends
    Positive Outlook
    Approves of CEO

Great-West Financial Interviews

Updated Nov 7, 2014
Updated Nov 7, 2014

Interview Experience

Interview Experience

65%
25%
10%

Getting an Interview

Getting an Interview

49%
26%
11%

Interview Difficulty

2.9
Average

Interview Difficulty

Hard

Average

Easy
  1. 2 people found this helpful  

    Retirement Specialist - Client Services Interview

    Anonymous Employee in Overland Park, KS
    Anonymous Employee in Overland Park, KS
    Application Details

    I applied through college or university. The process took 2 weeksinterviewed at Great-West Financial.

    Interview Details

    This was for the call center position in Overland Park, KS. The application itself was super short and easy with an upload of my cover letter and resume/cv. Began with phone interview which included an overview of the job. In the phone interview they checked to see if you were interested in moving forward and doing the steps required in the job. It was short and I think I was only asked 2 real interview questions. Tell me about your work experience/customer service experience. Tell me a time when you went above and beyond for a customer. Second step was an in person interview with two managers at the same time. They took turns asking questions and had pages to fill in with notes. Began again with outline and description of job and outline of expectations of training. Questions included: how can you handle toggling between multiple screens, applications, and tabs? Tell me about a time you went above and beyond for a company. And a customer... Tell me about a time when you disagreed with a policy change that you had no control over. Tell me about your worst job. Tell me about your ideal job. Tell me how you use organization to stay productive.

    Interview Questions
    • Tell me about your use of organization in staying productive.   View Answer
    Reasons for Declining

    Better job offer somewhere else

    Declined Offer
    Positive Experience
    Average Interview

Great-West Financial Awards & Accolades

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Additional Info

Unlock Profile
Website www.greatwest.com
Headquarters Greenwood Village, CO
Size 1000 to 5000 Employees
Founded 2003
Type Subsidiary or Business Segment
Industry Finance
Revenue $2 to $5 billion (USD) per year
Competitors TIAA-CREF, MetLife

Great-West Life & Annuity Insurance is the southern arm of a northern parent. The company, a subsidiary of Canada's Great-West Lifeco and a member of the Power Financial family, represents the Great-West group's primary US operations. It offers life insurance and annuities to individuals and employer groups. Under the Great-West Retirement Services brand, it administers employer-sponsored retirement products including defined-benefit pension and 401(k) plans. Additional Great-West services include investment consulting and fund management. Great-West Life & Annuity markets... More

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