AIG

  www.aig.com
  www.aig.com
There are newer employer reviews for AIG

5 people found this helpful  

Get the experience and leave!

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

I have been working at AIG full-time (more than 3 years)

Pros

Surrounded by mostly very talented and friendly people. Great benefits and work life balance. You wear a lot of hats in your role and gain some invaluable experience.

Cons

Depending on the department's management and reporting structure, working at AIG can be excellent or terrible. Employees are demoralized with extremely limited departmental promotion opportunities unless you move to a different department; rampant layoffs to make balance sheets look better; elimination of incentive compensation and cost of living raises; and no across the board raises for multiple years (while Executives and Senior Management consistently get fat bonuses and compensation increases and employees are paid below market). The focus now is on cutting costs by outsourcing essential functions and using outdated technology and systems. Employees are completely overloaded with work from other departments and unrelated to the essentials function of their job. Penny wise and pound foolish Senior Management mentality.

The Relative Performance Ranking (RPR) process is grossly unfair and does little to take out poor performers and instead, creates friction and not collaboration amongst talented employees, while "bad" long term fat salaried employees are still protected.

Do your time, gain some great experience and leave.

Advice to ManagementAdvice

Too top heavy and bureaucratic. RIFs should be across the board and not just amongst middle management. Get rid of RPR and the current pay grade structure. Need to give employees opportunities and incentives to grow and stay. Pay employees equally across the board and what they deserve. Need to bring back the big picture entrepreneurial focus that made AIG a force to be reckoned, as opposed to the small visioned and churn and burn, sweat shop mentality it has become.

Recommends
Negative Outlook
Disapproves of CEO

788 Other Employee Reviews for AIG (View Most Recent)

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  1. 1 person found this helpful  

    Mixed, 12 years. Depends on the division.

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

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

    Pros

    Big corporation, offers benefits, has to play by the rules.

    Cons

    Heartless. Your only hope is to have a manager that you can work for well. Political.

    Advice to ManagementAdvice

    Corporate Culture in my division was anti-women. When I went to another sub-set, almost all women, but just awful and trying so hard to grow a pair and compete. The only good thing I can say is that they were highly responsible after getting the Federal bail-out, they sold off assets, and repaid the loan early. Bad news-- they really do not have a better business model, and those family ties between AIG, ACE and MARSH have been severed, so your stock options are worthless. As are mine, 6 years later.

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

    In Flux

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

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

    Pros

    Company is in flux. Lot's of opportunity to make a difference

    Cons

    Company is in flux. Old guard is a huge road block. Lack of diverse perspectives. Heavy reliance on consulting firm and importing consulting culture.

    Advice to ManagementAdvice

    Get out of your employee's way and let them show you where they can take the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for AIG

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