Genworth Financial

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Genworth Financial Reviews

Updated Jul 23, 2014
Genworth Financial – Richmond – “Genworth Sign”

All Employees Current Employees Only

3.0 187 reviews

81% Approve of the CEO

Genworth Financial President & CEO Thomas J. McInerney

Thomas J. McInerney

(37 ratings)

50% of employees recommend this company to a friend

Review Highlights

Pros
  • good work life balance, good compensation(in 13 reviews)

  • Fairly good benefits although worse in the last several years(in 13 reviews)


Cons
  • There is no work-life balance - a throwback from the GE mantra(in 10 reviews)

  • It may be difficult to move new ideas through upper management(in 7 reviews)

187 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    • Disapproves of CEO

     

    The most dishonest, valueless, unprofessional, nightmare people Two people committed suicide in the year I worked there.

    Long Term Care Insurance Specialist (Former Employee)

    ProsSome of the other suckers who were 'hired' with blatant lies were decent people.

    ConsBait and switch. Hire you to sell long term care and make a LOT of highly appealing PROMiSES regarding salary, leads. The leads have been called 50x and then the new agents who have made an enormous commitment get desperate and are pushed to 'sell to family and friends. Highly immoral people. Hired by a friends friend who would kill her motherfor a nickel. They work you to the bone, they do NOT care LESS about anything other than money

    Advice to Senior ManagementHave even a shred of character or values, learn how to MANAGE, tell the TRUTH, do NOT USE people so completely and grow up. Disgusting level. I was an Executive at age 26 and in 40 years of work have never seen a work environment close to this low brow. For shame.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Watch your back at all times

    New Business Case Manager (Former Employee) Phoenix, AZ

    ProsThe annual salary is pretty good, year end raises and bonuses are insulting

    ConsManagement is petty and incompetent. All criticism is met with swift retribution. The systems are beyond obsolete. Coworkers are all too happy to stab you in the back at the first opportunity. Many people go on leave to handle the stress. Immoral business practices that are used to create a competitive advantage in the market place. Be ready to work insane amounts of overtime to compensate for the many shortcomings in staffing and system failures.

    Advice to Senior ManagementEliminate all of the management and hire a new set with moral fiber.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

     

    Place to Rot, OK if you don't want to grow.

    Project Manager (Former Employee) Richmond, VA

    Prosgood vacation, decent pay, tardiness OK (con?),

    Conspoor growth opportunities, cannot improve skills, cronyism rules, indecisive weak management, fake environment, unqualified employees from band 3 and above,

    Advice to Senior ManagementWorker bees are scared to talk because of reprisals from managers. Listen to the annual feedback (everyone knows that even this can be traced back). Do not allow the stock price to influence your decisions. Promote and retain employees based on results, not on tenure or who knows who, etc.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    GGe

    Long Term Care Insurance Specialist (Former Employee) San Rafael, CA

    ProsGreat benefits. Work / life balance

    ConsLoyalty to company is irrelevant. Difficult to get useful changes in technology or processes implemented.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    1 person found this helpful  

    IT Team Leader - Infrastructure

    Anonymous Employee (Current Employee)

    ProsFast paced environment and scope to improve your skills.

    ConsPolitics and need to know the leaders to grow up the ladder

    Advice to Senior ManagementPromote employees based on their talent and not by who knows who

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

     

    Interned here for the summer after turning down other offers...worst decision ever

    Finance Development Program (Former Employee) Richmond, VA

    ProsNice people to work with

    ConsWork was so pointless and easy. Management was not helpful when asking for more work and i felt like i was smarter than most of my co-workers. Co-workers always complained about doing work and sat and did nothing most of day. Terrible pay as well for FDP Program

    Advice to Senior ManagementLook to develop more talent instead of hiring random employees to do a job that they are not qualified to do.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

     

    Long term care planning specialist

    Long Term Care Insurance Specialist (Former Employee) Madison, WI

    ProsAbility to run your own business sort of feel. Generous pay. Extremely competitive product and great leadership for the Midwest territory.

    ConsOn the road all day everyday and in a hotel most of the nights.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Great place to work if the business model stabilizes for longer than a couple of years

    Anonymous Employee (Current Employee)

    ProsCompetitive salary and bonus structure, encourages employee health and wellness, friendly environment, able to learn many new skills.Many employees seem to be lifetimers and seem to really believe that the company is good to work for so it is a positive work atmosphere.

    ConsSome middle managers are put in their positions because of tenure and knowledge but don't have the people personality to effectively manage and gain the respect of their staff. Have heard that company reorganizes every couple of years causing layoffs and contractor reductions each time, limiting movement around the company but required to pick up all of the additional work that was handled by those that were let go.

    Advice to Senior ManagementHave more employees cross-trained so operations are less dependent on the large number of contractors, then you may not have to layoff and cut contractors each time you change your business model to improve profitability

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Great Experience but....

    Anonymous Employee (Former Employee)

    ProsLearned some interesting things about the financial market as it relates to retirement instruments

    Consnot much guidance in terms on direct leadership

    Advice to Senior ManagementManagement should really examine the body of work of an employee to promote properly.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

     

    Usually good, but inconsistent

    Project Manager (Current Employee) Richmond, VA

    ProsPaid time off is excellent - medical insurance gets worse each year

    ConsConstant layoffs and uncertainty; little opportunity for advancement in many roles; mid-level management with high salaries who do little for the company, an incredible waste of cash

    Advice to Senior ManagementDo not trust your mid level managers to "do the right thing" just because they are managers - this is foolish. There is an increbile amount of favoriitism and backstabbing in Genworth's culture. I was unfortunate enough to be part of a team where it was so bad that it was difficult to bear. HR will do nothing in these situations, so don't even go there. If you do, it will make matters far worse for you as the company culture is that the "manager is always right, even if he's wrong." Sad, but true. This is NOT the case in all departments, just the one I happened to get stuck in for a very long time.

    Yes, I would recommend this company to a friend

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