Genworth Financial

www.genworth.com
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There are newer employer reviews for Genworth Financial

 

Fighting back to pre recession strength

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at Genworth Financial full-time

Pros

Good Pay and Benefits with a very structured document management

Cons

You can get caught up management fights

Advice to ManagementAdvice

It took many years to get in the current situation and turning around is not immediate

Doesn't Recommend
Neutral Outlook
Approves of CEO

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

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  1. 1 person found this helpful  

    Excellent benefits and easy place to work as long as your expectations remain low.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Systems Analyst in Richmond, VA
    Former Employee - IT Systems Analyst in Richmond, VA

    I worked at Genworth Financial full-time (more than 8 years)

    Pros

    Great benefits with generous time off. Salary is competitive and appropriate for the amount of work output. Plenty of "cheerleading" activities attempting to improve employee morale in an environment where the threat of termination is constant and pervasive. Layoffs come in massive waves, so if you survive a round of layoffs, you can be pretty sure of being employed for the next 9 - 12 months.

    Cons

    From a general perspective and an IT perspective, the company is constantly re-inventing the wheel. Motto of Genworth, "If it ain't broke, BREAK it!". Not a lot of job security. If you work at Genworth with the understanding "nobody put a gun to your head to force you to work there", then you'll be fine (my approach for 8 years). If you work there with the expectation your hard work over and above that which is expected will be recognized or get you somewhere, you're at the wrong company. Massive layoffs come regularly every 9 – 12 months. Management regularly fires persons in critical roles (totally oblivious to the responsibilities of that person) and then spends triple the amount of money on contractors replacing that fired individual. Thinking of making a career at Genworth? I’ve worked with 4 individuals personally with 25 - 40+ years of service. I’ve seen those 4 persons given pink slips and walked out the door. For the most part, coworkers are pleasant but the atmosphere is filled with constant angst over always impending layoffs. Despite my seemingly negative comments, Genworth is really not too bad of a place to work as long as you maintain the attitude you could be let go at any minute and you don’t set your expectations within the company too high. I learned a lot professionally at Genworth which made finding my next job after Genworth easy.

    Advice to ManagementAdvice

    Lower and middle management are too isolated from decision-makers to truly impact outcomes. It’s been my observation there are too many lower management roles which could very easily be rolled up to middle managers. I would suggest outsourcing more management jobs to Indian contractors. Lose the "integrity first" slogan.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Derivatives at Genworth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Derivatives Analyst in Richmond, VA
    Current Contractor - Derivatives Analyst in Richmond, VA

    I have been working at Genworth Financial as a contractor (less than a year)

    Pros

    Good working enviornment at the Richmond campus.

    Cons

    Unsure direction of the overall corporation

    Advice to ManagementAdvice

    Management should do a better job to embrace contract employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
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