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1 person found this helpful  

Solid company and great people but internal problems

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

I worked at Travelers Companies

Pros

People are great to work with. Upper management very friendly and accessible. Lots of opportunity for career growth and development. Highly organized and passionate leadership development programs

Cons

Very prudent and conservative company. Lacks cohesive vision and culture. Workload was stressful and coworkers felt stretched thin. Constantly missing opportunities due to its conservative backwards approach to the industry.

Advice to ManagementAdvice

Travelers has some great people and opportunities. Probably the best in the P&C industry. However the company needs a refined vision and should be less conservative. Management tends to overlook hard work and fails to give recognition and appreciation, despite Fishman's claim of a "meritocracy."

No opinion of CEO

Other Reviews for Travelers Companies

  1.  

    ITLDP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Hartford, CT
    Current Employee - Anonymous Employee in Hartford, CT

    I have been working at Travelers Companies

    Pros

    Focus on more leadership development.

    Cons

    It is a 4 years program.

    Advice to ManagementAdvice

    None

    Recommends
    Approves of CEO
  2. 6 people found this helpful  

    TRAVELERS PURGES EMPLOYEES WHO ARE OVER 50 AND NEVER PAYS SEVERANCE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Counsel  in  New York, NY
    Current Employee - Counsel in New York, NY

    I have been working at Travelers Companies

    Pros

    Throughout my career at Travelers, my co-workers have always been really talented, really great people and I felt it was a privilege to work with them. I was always proud of the work we did and proud of what we accomplished together.

    Cons

    The "new" Travelers culture introduced by Jay Fishman after the St. Paul merger is that nothing an employee can do is right, nothing an employee can do is ever enough, no result - no matter how great - is immune from "constructive" criticism, etc. In short, a truly toxic atmosphere has been created in what used to be an absolutely marvelous place to work. The individuals responsible for this choice in Home Office must have sold their souls to the devil to agree to this. I wonder if they would approve this management approach if members of their own families were treated the way Travelers' employees are treated? Back before the atmosphere was poisoned by the "Progressive" style of (mis-)management, I was willing to walk barefoot on ground glass to help my department excel. But Jay Fishman's poisonous approach to producing the appearance of profits has made that a thing of the past. And speaking of the past, you better not stay too long. If you're over 50 and you're not a politically connected manager, you'll be "managed out" no matter how good your work is. If you're a politically connected knucklehead, you can stay forever. But when Travelers tried to manage out the best in the business, which required total dishonesty on the part of the "reviewers," they hit a few speed bumps - namely the EEOC. The Feds are on to them, so stay tuned!

    Advice to ManagementAdvice

    Travelers is being audited and "file reviewed" to death. Hire the best in the business, let them actually WORK, then review them honestly. Oh, and one more thing: fire half the managers. They're doing you more harm than good.

    Doesn't Recommend
    Disapproves of CEO
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