Allianz

www.allianz.com
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6 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

120 Other Employee Reviews for Allianz (View Most Recent)

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  1. 1 person found this helpful  

    Internship at Allianz - a good start

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

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

    Pros

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

    Cons

    There is no formal training for interns.

    Recommends
  2. 2 people 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
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