Genworth Financial Reviews

Updated August 6, 2015
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Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
16 Ratings

Pros
  • Genworth takes seriously the work life balance and community involvement (in 17 reviews)

  • Great benefits, generally good people to work with (in 15 reviews)

Cons
  • It may be difficult to move new ideas through upper management (in 8 reviews)

  • Promotions are based on who you know not what you know (in 4 reviews)

More Pros and Cons

55 Employee Reviews

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  1. analyst

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

    Pros

    They give generous pay to attract people in Richmond area

    Cons

    Company has a long history of instability


  2. Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Reverse Mortgage Advisor in Encinitas, CA
    Former Employee - Reverse Mortgage Advisor in Encinitas, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Genworth Financial (More than a year)

    Pros

    Lower level management was ok

    Cons

    Upper management were un-connected to what went on in the field.

    Advice to Management

    listen, you are not the only company out there.


  3. No hope for growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Benefits plan is pretty good

    Cons

    Toxic parasitic culture Not ever going to grow because of past product ball and chain

    Advice to Management

    promote your MBAs and qualified people, not your cronies


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Sinking ship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior IT Solutions Project Manager in Soddy-Daisy, TN
    Former Employee - Senior IT Solutions Project Manager in Soddy-Daisy, TN
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Genworth Financial full-time (More than 10 years)

    Pros

    Can't think of much pro's.

    Cons

    Coworkers will scratch you in your back if you are not watching. It is all about how good you are sucking up to your managers. No one really cares how well you are doing at your work

    Advice to Management

    Be honest with your employees and build trust. It is not just about you making your bonus. Get new people from outside. Anybody in the company more than 20 years is simply useless and they are simply riding out to their retirement.


  6. Just run now

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Analyst in Richmond, VA
    Former Employee - Senior Financial Analyst in Richmond, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Genworth Financial full-time (More than a year)

    Pros

    Vacation (4 weeks - starting on day 1), on campus nurse practitioner, gym, occasionally work from home.

    Cons

    Upper management has no idea what they want to do. Every few months, there is change within the organization. I was reorged twice in my two years there.

    Advice to Management

    Pick a strategy and stick with it.


  7. Helpful (1)

    Financial analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Richmond, VA
    Former Employee - Anonymous Employee in Richmond, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Genworth Financial full-time

    Pros

    Nice gym (but you have to pay) Nurse on site Fair salary

    Cons

    Company is performing badly and parts of it are up for sale Not known for being accurate in their bookkeeping or processes Risky No money to maintain their facilities Poor benifits Very poor management (oblivious by performance) No direction or support Management too afraid to do things that should be done No one works together or collaborates

    Advice to Management

    Make a plan. Communicate the plan to all associates and guide them on how to accomplish the goals YOU put in place. Stop relying on someone else to do your job. Clean up your audit functions!!! This area is a huge risk!


  8. Helpful (1)

    Change MUST happen soon!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Analyst in Richmond, VA
    Current Employee - Marketing Analyst in Richmond, VA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Genworth Financial full-time (More than 10 years)

    Pros

    Flexible work hours, great teammates, good benefits, good pay. New CEO is doing a great job, but has resistance from other leaders.

    Cons

    Lack of advancement opportunities, too many decision makers, uncertain future

    Advice to Management

    It's another 2009 crisis. Senior management needs to figure it our quickly.


  9. Genworth Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Genworth Financial full-time (More than 5 years)

    Pros

    Excellent pay for IT professionals; committed to community involvement projects and charities

    Cons

    No career development or chance for promotion; low pay outside of headquarter functions; difficult work/life balance (long hours)

    Advice to Management

    Set clear career paths; develop people to be the future leaders- look for talent internally


  10. Love it.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great opportunities. Excellent managers. Plenty of challenges.

    Cons

    Some beauracracy when dealing with other departments.

    Advice to Management

    Keep doing what you are doing.


  11. Helpful (1)

    dissatisfied

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The people that you work with are great. The amount of time that is given to you as time off is also very nice.

    Cons

    The thing that are expected of you and the amount of work that you are told to do and what they put you through is not worth the little bit of pay that you get. The longer you work there it seems the worse you are treated unless you have moved up to a team lead and above then it seems as if you are not held accountable for anything that you do. Say for example if you told someone you would call them back the next day and when the next day got here you were on the phones all day with other customers and didn't call them back, and they call back you get a mark against you by one department then they come and talk to you then your team leader comes and talks to you about it. Then a month later it is brought up again and you get "talked to again". So its not like you can get one talk and it be let go they hold it over your head forever and god forbid if it happens again a month or two, you will never hear the end of it. If you don't mind being held accountable for everything and don't mind watching others get away with murder this is the company for you. And also if you don't mind going to any Dr in Lynchburg and the first question out of the Drs mouth is not what is wrong or how are you feeling they ask instead what medications are you on blood pressure, stress, depression.

    Advice to Management

    Not sure why this is even asked. Management doesn't listen and the ones that do listen get pushed out the door. When all the surveys come back from the employees stating they feel like they are working in a dungeon its time to wake up and smell the garbage and take it out. When you have upper management that believes it is better to keep the employees scared rather than doing the right thing "THERE IS A PROBLEM" because sooner or later people get tired of the bull and quit. You loose a lot of good people that way. I believe the new man in the corner office can make a difference it is just going to take a long time, but moving people around is not the answer. Training classes on how to talk to people, and how people tick would be a start. If you know how people think and how to talk to them I believe this company can work. People work and will do anything for a leader that is good to them and will back them up.



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