There are newer employer reviews for Genworth Financial

1 person found this helpful  

Opportunity for interesting work at poor work-life balance.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Finance Analyst  in  Richmond, VA
Current Employee - Senior Finance Analyst in Richmond, VA

I have been working at Genworth Financial

Pros

Opportunity to work on high level projects when in an "analyst" role. Ability to report out to senior management. Respectable benefits and ability to take time off. Genworth has consolidated recently and put smart people in middle to mid-upper management. However, senior/upper management still has yet to prove themselves post-GE and cherrypicks their favorites despite performance or ability.

Cons

The 2009 layoffs was done poorly in process and selection. Minimal communication between business units and between business units and corporate. Very little training. Somewhat difficult to move up through company unless outspoken about abilities (left-over from GE). Expect long hours despite department, but especially in Finance. Work-life balance is not very good.

Advice to ManagementAdvice

Stop talking about "levers", that nobody understands Genworth, and that changing our strategy every year. Perform a better evaluation job of talent when performing layoffs.

Disapproves of CEO

221 Other Employee Reviews for Genworth Financial (View Most Recent)

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  1. 1 person found this helpful  

    See the stock price.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Regional Vice President  in  Richmond, VA
    Former Employee - Regional Vice President in Richmond, VA

    I worked at Genworth Financial

    Pros

    Benefits are better than average.

    Cons

    Poorly managed. Everyone is afraid to make a decision. Ideas are discussed to death. No action taken until it's too late.

    Advice to ManagementAdvice

    Spend your resources wisely. Too much wasteful, non-productive, time and money spent on "going through the motions".

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Great people, Poor Leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Richmond, VA
    Former Employee - Anonymous Employee in Richmond, VA

    I worked at Genworth Financial

    Pros

    They offer competitive benefits for the Richmond area. They have both a 401K and a pension (not the old kind of pensions). They pay pretty good, at least they did before the 2009 layoff. Some departments and businesses are really great to work at. They have a very good vacation benefit that combines all sick, personal and vacation days. If you don't get sick very often it's a good deal. Much of the middle management is very competent.

    Cons

    Very bureaucratic organization which is is very slow and resistant to change. They don't like anything to do with six sigma for some reason even thoguht they are a former GE business.

    Minorities are very under represented in the company. They hired someone to handle diversity then eliminated the position.

    The culture is a mishmash of different acquired businesses with a sprinkling of GE culture on top. The core values don't seem to be reflected in how the company works. There is very little cooperation business-to-business and corporate-to-business. It seems like the Mortgage Insurance business is a whole different company. It's difficult to move between functions because they require lots of experience for each of the different insurance and functional areas. So don't expect a lot of horizontal mobility.

    Advice to ManagementAdvice

    Run the company with the company values in mind or get rid of them. Put a strategy in place that employees can contribute to instead of creating a different strategy every year. Make the functions and businesses interact with each other and work cooperatively.

    Disapproves of CEO
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