Allianz

  www.allianz.com
  www.allianz.com

Allianz Reviews

Updated December 19, 2014
Updated December 19, 2014
112 Reviews
3.8
112 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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. 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
  2. 1 person found this helpful  

    An authentic experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources Manager in Minneapolis, MN
    Current Employee - Human Resources Manager in Minneapolis, MN

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

    Pros

    The people really practice the company credo of "be true in everything you do". Not only are the people authentic, but they are caring, considerate, intelligent, positive, and great to work with.

    Cons

    While the organization is HUGE globally, there may be limited opportunities in some career paths depending on your willingness and ability to move around. 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.

    Advice to ManagementAdvice

    Keep on doing what you're doing. It's a great place to work!

    Recommends
    Positive Outlook
    Approves of CEO
  3. 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
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  5. 3 people found this helpful  

    Your run-of-the-mill corporate experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive General Adjuster in Chicago, IL
    Current Employee - Executive General Adjuster in Chicago, IL

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

    Pros

    Good pay, decent benefits. Some fun people work here.

    Cons

    Profit sharing and 401(k) matching are 0% vested until 3 years of service. Cubicle life for everyone without a senior manager title. Most cubicles have 1.5 walls and "0" privacy. IT systems are a complete joke. Restrictions on travel and other expenses are over the top.

    Advice to ManagementAdvice

    Respect your employees more. Invest in IT.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 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
  7. 4 people found this helpful  

    Needs to be more innovative and focus on diversity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting in Chicago, IL
    Former Employee - Underwriting in Chicago, IL

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

    Pros

    Global opportunities, strong global brand

    Cons

    - A global company that lacks any type of ethnic diversity in the US, particularly at the leadership level, and has no focus on diversity.
    - Needs to go to the market in a more innovative and strategic way
    - Has to figure out how to strengthen its brand in the US

    Advice to ManagementAdvice

    Create a diversity program.

    Doesn't Recommend
    Positive Outlook
  8. 1 person found this helpful  

    Internship at Allianz - a good start

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Former Employee - Anonymous Employee in Budapest, MO
    Former Employee - Anonymous Employee in Budapest, MO

    I worked at Allianz as an intern (less than an year)

    Pros

    Your ideas are heard and your contributions are valued. Colleagues are friendly.

    Cons

    There is no formal training for interns.

    Recommends
  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. 5 people found this helpful  

    Good place, but be wary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Underwriter in Chicago, IL
    Former Employee - Underwriter in Chicago, IL

    I worked at Allianz

    Pros

    Good comp & benefits package

    Cons

    Terrible new HR team. The old HR regime was much better at representing employees to management. Huge politics between Germans and Americans. The Germans have taken over every aspect of the business.

    Advice to ManagementAdvice

    Forget it...they will not listen anyway.

    Recommends
  11. 4 people found this helpful  

    terrible

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

    I worked at Allianz

    Pros

    They pay a decent salary

    Cons

    no respect, no communication, lack of honesty

    Advice to ManagementAdvice

    grow up, treat your employees with respect and they will perform to the best of their ability

    Doesn't Recommend
    Disapproves of CEO

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