Allianz
3.4 of 5 91 reviews
www.allianz.com Munich, Germany 5000+ Employees

Allianz Reviews

Updated Jul 8, 2014
All Employees Current Employees Only

3.4 91 reviews

                             

91% Approve of the CEO

Allianz Chairman of the Board of Management Michael Diekmann

Michael Diekmann

(32 ratings)

69% of employees recommend this company to a friend
91 Employee Reviews
in

Review Highlights

Pros:
  • "Very good work life balance, if you're not keen to develop yourself or keep the status quo"
    in 16 reviews
  • "Decent salary plus very good variable pay which is up to you to make"
    in 5 reviews
Cons:
  • "If you're a dynamic individual that knows how to leverage your skills into different areas of the business, you can easily overcome that obstacle"
    in 3 reviews
  • Show more review highlights

Reviews

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    1 person found this helpful  

    Lots of unhappy people.

    Senior Underwriter (Current Employee)
    New Orleans, LA

    ProsAbility to work remote occasionally or full time for some.

    ConsArrogant, dull management. Cliques, favorites, and newly hired offspring of leaders likely to reign…the rest have tire marks on their backs. Many underwriters left or leaving. Emphasis on diversity is just lip service..company is getting whiter and even hiring white relatives.

    Advice to Senior ManagementDon't ask and don't listen is not a good policy. Playing not to lose is not playing to win. Strategy seems mostly like flailing from pillar to post.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Extreme sleaze / Not serious

    Skilled Worker (Former Employee)
    Z├╝rich (Switzerland)

    ProsIf you have no conscience, you can earn a lot of money

    ConsThe company has no social responsibility. The Managment, that's are rip-off artists only. Above no Pareto Principle, below only Pareto Principle. The mood in the Company is very bad.

    Advice to Senior ManagementPeople at Age +/- 45 are also human. Not simply a cost factor

    No, I would not recommend this company to a friend

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    HR Specialist

    Human Resources Specialist (Former Employee)
    Istanbul (Turkey)

    ProsEmployer brand
    Good salary (if you can marry an internal executive...)

    ConsRetrograing corporate culture
    Great internal inequity
    Poor/no talent management

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Awful

    Commercial Underwriter (Former Employee)
    Manchester, England (UK)

    ProsNone that that I can think of.

    ConsToo many to mention, its was hell.

    Advice to Senior ManagementJump off the roof

    No, I would not recommend this company to a friend

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    3 people found this helpful  

    Don't work for this company, at least not in the US.

    Anonymous Employee (Former Employee)

    ProsThe company in the US finally has a vision that positions the lines of businesses to go to market as a single entity.

    Cons**Poor systems and overall IT infrastructure
    **Some managers are incompetent and shouldn't be managing people. In certain circumstances, they have an "in" with the good ol boys" club, allowing them to be managers

    Advice to Senior ManagementGet rid of the good ol' boys club and position people based on their true skills. The current set up cab be demoralizing and zap employees' energy.

    No, I would not recommend this company to a friend

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    5 people found this helpful  

    Never know when your through

    Anonymous Employee (Former Employee)
    Minneapolis, MN

    ProsDecent salary. Nice building. Gym is fantastic, nice but expensive dining facilities. Child care is also nice but expensive

    ConsOverall, it was a horrible working experience. Zero chance for growth or even a raise if your there under 5 years. Automatically hired on as a temp, so your basically their slave. As a temp, you seldom get work reviews, if ever. Then, with no notice, they can and frequently do fire you, and don't let you get back your personal belongings. Management is rude. Impossible to contact people in HR. completely unrealistic expectations of their employees. How they get onto Forbes top 100 places to work is beyond me and everyone else that works there!

    Advice to Senior ManagementLose the temp agencies, treat your employees like humans, and open your eyes to the world around you

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    3 people found this helpful  

    A Firm With Low & No Growth

    Analyst (Former Employee)
    New York, NY

    ProsInitially, this firm was booming and growing back in 2008. In fact, this firm was doing very well while the rest of Wall Street was crumpling. Overall, the vacation days are decent, good health benefits, fairly young crowd. Work hours stick to a 9-5 parameter.

    ConsVery unstable, no growth or opportunity for most workers. Management don't know how to manage, there is very low or no moral. HR is almost do not exsist. There is no cohesiveness or integregration, each department is in its own world. The RIS group is ran like a muck, they do their own things, have their own cake & coffee hours.

    Advice to Senior ManagementManagement should allow growth & opportunity for your employees. They need to hire or lay off the right people, they should not lay off top, quality workers. I have seen many top, quality people get lay off. They need to wake up & smell the coffee.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Dysfunctional. CS employees are given unrealistic goals and are penalized and fired when they don't reach those goals.

    Customer Service Representative (Current Employee)
    Golden Valley, MN

    ProsDecent salary and two fairly decent restaurants on site even if your break time doesn't allow you to visit them before they close for the day.

    ConsCS employees routinely thrown under the bus by management when a caller doesn't get their way even though as a CS you've been explicitly told x is not allowed. However, if the customer complains loudly enough their bad behavior is rewarded and the employee becomes the fall guy. In addition, the technology they employ is decades behind the rest of the world and frequently fails or provides incorrect information with cumbersome work-arounds. There is little to no vacation time offered other than a small handful of days for an entire department for an entire year. But aside from all that, probably the worst aspect is the unrealistic call handle times imposed - as a CS employee you're assisting customers with complicated financial packages, often times the customer's life savings and/or retirement funds, but you're limited to only 5.25 minutes per call. If you do not meet this limit you're either placed on a firing warning for exceeding the limit and eventually fired for it or you choose deliver poor customer service to keep your calls as short as possible. If you see a problem with the customer's account and they don't bring it up, you sure aren't going to because that would make the call longer so you leave it be and the customer gets screwed. It would seem the mentality is that Allianz already has the customer's money so why do they care that their CS employees are giving poor CS? It seems that they're only concerned with processing as many calls as possible, it's quantity over quality. Even good employees that have been with the company for years must fear for their jobs every day and even though the company states they promote hiring from within, in the call center it's all smoke and mirrors. It's been years since an employee escaped the call center by getting another job within the company. For most the only exit is with their personal belongings in hand, escorted out the door by security. But there are always more warm bodies desperate for a job, isn't that right?

    Advice to Senior ManagementReexamine your call handle time requirements with the understanding that many problems customers may have can not be adequately handled in under six minutes. Further, provide real and meaningful opportunities for advancement for employees within the call center. There's great talent you're letting slip through your fingers. And honestly, invest in some decent technology already.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Didnt like it!

    Anonymous Employee (Current Employee)

    ProsTrainig was good for starting out in the industry. Most the staff was friendly until you get to management.

    ConsMuch of a 'who you know' culture. Systems were horrible and pay was below industry average.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Isolating environment and bureaucratic.

    Account Manager (Former Employee)

    Pros-Clean Office
    -Access to on-site gymnasium.
    -Professional environment
    -Great HR department.

    Cons-low pay, company focuses on looks (building, image), not employee salary.
    -more bureaucratic than my previous role in government.
    -Micromanagement is incredibly huge component of company structure and roles.

    Advice to Senior ManagementTrain employees and allow them to be empowered in their roles, instead of making them struggle through constant feedback and inconsistent work processes.

    No, I would not recommend this company to a friend

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