Unum Group

  www.unum.com
  www.unum.com
There are newer employer reviews for Unum Group

1 person found this helpful  

A good opportunity for patient, young career builders.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Systems Analyst in Chattanooga, TN
Current Employee - Systems Analyst in Chattanooga, TN

I have been working at Unum Group

Pros

The Paid Time Off policy is probably the single greatest thing Unum has going. New employees get 23 days. Every 5 years, add 5 days to that up to a maximum of 33. You can also roll 5 days year-over-year, so the old-timers have 38 days! Career advancement is a little slow for young people today, but the workforce is exceptionally old, and Unum still has a strong pension plan. In the next 15 years there could be a pretty serious exodus to retirement, so the Gen Y'ers who get in now and learn the business will be very well positioned for the future. Also Chattanooga is a great city to live in if you like outdoor and athletic activity. The nightlife in Chattanooga is a little lacking, but is perfectly enjoyable if you like the tavern and pool-hall scene. Just don't expect to find long lines to get into clubs with bottle service.

Cons

Insurance is not an inherently thrilling industry. The workforce is pretty "seasoned" and most are just coasting, so the openings to move up aren't there yet. Still, see the good reasons above for more on this. As a younger person, I'm not a big fan of the retirement plan. Unum has DB pension, and a weak 401k match. I believe its 50% on up to 6%. I'd prefer a full match, plus vested 401k contributions, since you don't have to rely on the company to fund and invest its pension properly. Seems like a lot of companies are cutting or underfunding these. Several departments are bogged down by red tape, approval committees, and typical corporate bureaucracy. Good managers shield their employees from it, but some are just coasting to retirement and do absolutely nothing, which surprisingly is a pretty effective way to keep your job.

Advice to ManagementAdvice

Do more to engage, train, and keep your junior talent.

Recommends
Approves of CEO

141 Other Employee Reviews for Unum Group (View Most Recent)

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  1. 2 people found this helpful  

    Great 500 company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sales Consultant in Los Angeles, CA
    Former Employee - Sales Consultant in Los Angeles, CA

    I worked at Unum Group

    Pros

    Your performance is the key to your profitability with this company. From the onset, employees are given the training and tools necessary to create their own success. Qualifying Sales Reps are rewarded handsomely with bonuses including week-long Corporate Annual Sales Conferences, salary bonuses, and other performance based incentive programs. Reps are expected to, and their performance is accessed based on their meeting the sales goals prescribed to them by their Office Manager.

    Cons

    The shortcomings are few, but noteworthy. While Unum often promotes from within, the ceiling for most employees will be Sales Rep, and for numbered few per office, Senior Account Executive. Management positions are in short supply.

    Advice to ManagementAdvice

    None.

    Recommends
    Approves of CEO
  2.  

    Unum Changed After the Merger

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Claims Adjuster in Portland, ME
    Former Employee - Claims Adjuster in Portland, ME

    I worked at Unum Group

    Pros

    Great Management at Unum prior to the Merger. Training employees and support in job functions was the focus.

    Cons

    Merged with Provident and lost focus on importance of employees.

    Advice to ManagementAdvice

    Learn from your mistakes and look at the Unum model prior to the merger. Employees are your most important asset.

    Recommends
    Disapproves of CEO
There are newer employer reviews for Unum Group

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