There are newer employer reviews for Genworth Financial
There are newer employer reviews for Genworth Financial

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Helpful (2)

Genworth is overall a great company to work for, great pay and benefits.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst in Richmond, VA
Current Employee - Financial Analyst in Richmond, VA
Recommends
Negative Outlook
No opinion of CEO

I have been working at Genworth Financial full-time (More than 5 years)

Pros

Community involvement, Good salary, retirement, benefits, industry knowledge, work life balance in most departments, cafeteria, fitness center, network forums, sport teams, technology up to par. The company has a lot of departments that you can work in and if you apply yourself, network, and make a good name for yourself you could really transition to others roles and really grow.

Cons

Working in the accounting and reporting department required a lot a of hours and the beginning there was no work life balance. You could easily work 70hrs per week during annual close and it was expected. The controller of the department had favorites and could be really nasty when under a lot of pressure. Most of the members of the team were intimidated by the controller, even the managers. Some days you don't know what mood you would find that person in. Also, there were managers of the department who are micro managers. Meaning if a task is due by the EOD, they would come by your desk 5 times during the day for a status update and ask what you are working on which was really stressful and annoying, especially when you have multiple tasks due the same day. But of course that sort of micro managing starts at the top and trickles down to the analyst which made the morale really low within department.

Advice to Management

1. Develop the soft skills of your management team. If you don't know how to treat your employees with compassion, say Good Morning, operate under pressure with a positive attitude, maintain a pleasant demeanor at all times, then you dont need to be in a position where you manage a large team. Just be good at what you do without having to deal with people, that would be a more suited position for you. 2. Promote from within. If you feel that an employee who has put in a lot of time within your department but may lack a couple of skills that are needed for promotion. Take the time to develop that person versus discouraging them from applying by saying things like "your not ready" or "the controller doesn't like you so don't even apply" You have caused a lot of quality analyst to leave the department because of that attitude. 3. Encourage your people to be creative and to think outside the box, versus shutting down every new idea that comes your way. Otherwise the job becomes mechanical and boring.

Other Employee Reviews for Genworth Financial

  1. Nice place to work with great people.

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Instructional Designer in Pleasant Hill, CA
    Current Employee - Instructional Designer in Pleasant Hill, CA
    Recommends
    Positive Outlook

    I have been working at Genworth Financial full-time (More than a year)

    Pros

    Great people that work very hard to make things simplified for Advisors. There were good benefits e.g, medical, dental and vision. The reitirement package is nice because they match your contribution right away. I was impressed with the diversity of those in upper management.

    Cons

    It may be difficult to move new ideas through upper management. Changes to management and management structure can be swift.

    Advice to Management

    Trust the experience of your employees. New ideas can bring a pleasant change and streamline old processes. Hire managers that know the subject matter.


  2. Helpful (1)

    Great Benefits, but favoritism abounds

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lynchburg, VA
    Current Employee - Anonymous Employee in Lynchburg, VA
    Neutral Outlook
    Approves of CEO

    I have been working at Genworth Financial full-time (More than 8 years)

    Pros

    Over 20 paid "choice" days off per year, great facilities with on site cafeteria and gyms.

    Cons

    Pay in my area (technology solutions) is abysmal. Colleagues in the same profession at different companies in different cities are being paid nearly twice what I make. Very limited career advancement opportunities due to constant adjusting by management teams.

    Advice to Management

    End the favoritism and begin hiring based on qualifications and merit.


There are newer employer reviews for Genworth Financial
There are newer employer reviews for Genworth Financial

See Most Recent

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