Thrivent Financial

  www.thrivent.com
  www.thrivent.com
There are newer employer reviews for Thrivent Financial

2 people found this helpful  

Challenged, but reorganized and restructured to death, and inadequately paid and under-supported

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - IT Individual Contributor in Minneapolis, MN
Former Employee - IT Individual Contributor in Minneapolis, MN

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

Pros

An enviable stated mission, great co-workers, beautiful facilities

Cons

Corporate performance reviews are awkward and management heavy with limited employee input/dialog, pay is not merit-based, and salary increases are typically not a part of promotions (unbelievable!) Management under-pays long-term employees and under-reimburses employee education, and partially due to this frugal approach, also under-hires employee potential and skill sets. (A bit of the penny-wise, pound-foolish mindset.)

Advice to ManagementAdvice

Employees (and their commitment) are an integral part of truly serving the mission and members. The organization has the means and wherewithal to provide merit-based pay for performance at all levels and still return 'excess profits' to members. For example, if we divide an excess of $310 million per year by 8,000 employees/sale reps, we have $38,000 per person per year to work with...We only need to use a FRACTION of this to provide above average compensation and true merit-based pay, while still returning the remaining excess to members.

Recommends
Positive Outlook
Approves of CEO

133 Other Employee Reviews for Thrivent Financial (View Most Recent)

Sort: Rating Date
  1.  

    A good company that desires ethical practices.

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

    I worked at Thrivent Financial full-time (more than an year)

    Pros

    A strong company with good insurance products and conservative investments.

    Cons

    Though it has changed its Lutheran emphasis, it still needs to broaden client benefits for all of its members.

    Advice to ManagementAdvice

    Live out the values on which the company was founded.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Hard to make a living and do the right thing by clients

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

    I worked at Thrivent Financial full-time (more than 5 years)

    Pros

    The back office support staff is intelligent, friendly and accommodating and the tech support is fantastic. Benefit options are excellent and reflect modern needs--especially the Roth 401k option. Supportive learning environment internally and generous tuition reimbursement program. Thrivent is a fraternal Christian organization and encourages generosity. Attempts to be forward thinking.

    Cons

    The commission structure changes regularly, as do the regional partners. New financial associates have limited access to non-Thrivent mutual funds. Spending time helping "the little person" is not rewarded.

    Advice to ManagementAdvice

    Senior Management appears genuinely interested in constantly improving Thrivent and does a good job communicating with the field. Field partners should spend more time with all field reps one-on-one, not just the highest producing reps. There seems to be a disconnect between the professed mission and reality.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Thrivent Financial

Work at Thrivent Financial? Share Your Experiences

Thrivent Financial

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.