Allianz

  www.allianz.com
  www.allianz.com

Allianz Reviews

Updated December 19, 2014
Updated December 19, 2014
112 Reviews
3.8
112 Reviews
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Allianz CEO Michael Diekmann
Michael Diekmann
44 Ratings

Review Highlights

Pros
  • Very good work life balance, if you're not keen to develop yourself or keep the status quo (in 18 reviews)

  • Decent salary plus very good variable pay which is up to you to make (in 5 reviews)


Cons
  • Work-life balance is fair but fluctuates pretty heavily according to deadlines (in 4 reviews)

  • German colleagues "seem" have an advantage over non Germans, especially when it comes to management positions (in 4 reviews)

More Highlights

Employee Reviews

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  1.  

    good to work in Germany, questionable in some other locations

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Allianz full-time (more than an year)

    Pros

    very stable and people oriented in Germany offices
    career development and reward procedures officially existing per best in class standards

    Cons

    treating employees differently in different countries

    low attention to leadership quality outside of headquarters makes people practices in some locations poor if not harassing

    then, all established fancy talent management procedures (org health survey, career development, reward management etc) are supported at very different levels in different countries, so, for example, person working in Russian office and German office would feel like working for 2 companies with far different cultures and people practices

    Doesn't Recommend
  2. 1 person found this helpful  

    Extreme sleaze / Not serious

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Skilled Worker in Zürich (Switzerland)
    Former Employee - Skilled Worker in Zürich (Switzerland)

    I worked at Allianz full-time (more than 10 years)

    Pros

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

    Cons

    The 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 ManagementAdvice

    People at Age +/- 45 are also human. Not simply a cost factor

    Doesn't Recommend
  3.  

    HR Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Specialist in Istanbul (Turkey)
    Former Employee - Human Resources Specialist in Istanbul (Turkey)

    I worked at Allianz full-time (more than 5 years)

    Pros

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

    Cons

    Retrograing corporate culture
    Great internal inequity
    Poor/no talent management

    Doesn't Recommend
    Negative Outlook
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  5. 2 people found this helpful  

    Awful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Underwriter in Manchester, England (UK)
    Former Employee - Commercial Underwriter in Manchester, England (UK)

    I worked at Allianz full-time (more than 5 years)

    Pros

    None that that I can think of.

    Cons

    Too many to mention, its was hell.

    Advice to ManagementAdvice

    Jump off the roof

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 3 people found this helpful  

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

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

    I worked at Allianz full-time (more than 8 years)

    Pros

    The 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 ManagementAdvice

    Get 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.

    Doesn't Recommend
    Neutral Outlook
  7. 5 people found this helpful  

    Never know when your through

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

    I worked at Allianz as a contractor (more than an year)

    Pros

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

    Cons

    Overall, 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 4 people found this helpful  

    A Firm With Low & No Growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Allianz full-time (more than 5 years)

    Pros

    Initially, 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.

    Cons

    Very 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 ManagementAdvice

    Management 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.

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

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Customer Service Representative in Golden Valley, MN
    Current Employee - Customer Service Representative in Golden Valley, MN

    I have been working at Allianz

    Pros

    Decent 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.

    Cons

    CS 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 ManagementAdvice

    Reexamine 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.

    Doesn't Recommend
    No opinion of CEO
  10. 1 person found this helpful  

    Didnt like it!

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

    I have been working at Allianz full-time (more than an year)

    Pros

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

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Isolating environment and bureaucratic.

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

    I worked at Allianz full-time (less than an year)

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook

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